As you can see from the chart, the price of Fantom is currently trading within a descending trendline at $0.44 cents. If the price breaks and consolidates above the important $0.47 level, we can expect further growth and an upward trend to the $0.66 supply zone and the $1 price range. The important support zone in the long term is $0.38/$0.34 cents. Please share...
Hi there! 😊 As you can see in the chart, the price of GTC has faced a range after a long-term downtrend and has experienced a slight growth after breaking the downtrend line. Currently, the price is trading in the range of $1.97. The scenario that we can consider in the long term is that the price will increase to the liquidity ranges of $2.70 and $3.50. Then,...
Price broke the long-term descending trendline and had a minor uptrend after a pullback and ranging. The current price is trading at $0.94. Expectations: After breaking the $1 high and a minor correction, the price can further rise to the $1.20 liquidity zone and the $1.50 supply zone. To better understand the continuation of the trend, we need to see how the...
Besides analyzing the mid-term price trend, possible supports and resistances (as shown by Fibonacci levels) are presented . The 38500k-41500k price range is a significant support zone because both EMA & Fibo levels cover each other, making it more valid. for a healthy price uptrend for bitcoin, we need a pullback to its support (in this strategy= EMA)
Technically speaking, a strategy for mid-term investment can be a combination of EMA on 4D Heiken Ashi plus the MACD indicator. This EMA has been a good support level since the COVID crash in the #BTC chart. Combining this dynamic support line with the MACD-cross signal, we can derive a reliable buy/sell signal for the mid-term. Considering the discussed...
Charts are for information purposes only and is not intended to be investment advice. "Broadening Tops and Bottoms are wedges in price action that open outwards" ....