NajjarTrading

NajjarTrading Updated 

BTC/USDT 1H analysis Bitcoin is breaking out of the channel on the 1H time frame, it should continue to the $33000 area where is our target for the day. Most likely it's going to continue that way if it breaks and closes above the 32k level. NajjarTrading

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BTC/USDT 4H analysis As we are seeing now, BTC have formed a descending triangle that could lead into 2 different scenarios: 1- If BTC breaks below the 29k area then it should continue to the 26k-28k area then we will wait again and if It breaks below this new area, it would go even further down to the 24k-22k area, if it breaks below the 22k, it could continue...

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ETH/USDT Weekly Timeframe Analysis. 5 Days from now will begin the new month. This is the weekly time frame for ETH/USDT and we are witnessing something interesting. If Januarys’ candle close is above $1440-$1450 then we should see a huge move to the upside as it would have broken and closed above the last All-time High on a monthly time frame which was 3...

NajjarTrading Updated 

First of all, the Pair created and H&S pattern and then it went down to retest the right shoulder. It broke above the 200 EMA on the 1H and 15min timeframes. So we will enter a long position on the break of the 1.274 on the 1H chart. Keep watching this pair... NajjarTrading

NajjarTrading Updated 

EUR/USD is in a Bullish channel , and now its time for it to test the upward trendline, If price breaks above 1.2185 on the 1H time frame, then its likely going to continue to the 1.22 area which is the convergence of the trendline and the daily resistance. What's more, price action broke above the 200 EMA. Keep in mind that is could close below 1.216 so...

NajjarTrading

ETH/USDT Weekly Timeframe Analysis. 5 Days from now will begin the new month. This is the weekly time frame for ETH/USDT and we are witnessing something interesting. If Januarys’ candle close is above $1440-$1450 then we should see a huge move to the upside as it would have broken and closed above the last All-time High on a monthly time frame which was 3 years...

NajjarTrading

Apple broke above the $140 psychological resistance and now is going down to retest the triangle or the trendline before going up to $160 as our first target. However, watch how the market would react on the resistance that now turned support before entering the trade.

NajjarTrading Updated 

BTC/USDT 4h analysis. Bitcoin encountered a strong resistance area $35k-$36k that aligns with a 2-week downtrend. Waiting to see if it breaks above $36k which would lead to a positive news for the bulls or it could go back to yesterday’s low. Stay alarmed and watch the market’s reaction.

NajjarTrading Updated 

ETH broke out of the $1275 and $1400 areas, forming an inverted head and shoulder pattern. It could retest and break above All-time Highs then rally to form a new peak ($1500 first target) as it's still in a bullish channel.

NajjarTrading Updated 

Chainlink ranging between between $23.5 and $25.5, forming a perfect rectangle. Waiting to see the 1H close above 25.5 to see a continuation to $27-28 or a close below $23.5 so it continues downward.

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As we've said earlier, Link broke down from the rectangle formed and continued to the $22 area. We are waiting to see its reaction on the 1H chart then we will give you an update.

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ETH didn't go over $1480, it continued down to the $1300 psychological area and retested the right shoulder of the pattern. Waiting to see its reaction on this area, if it breaks down it could continue to the 1100-1200 area. However, if it doesn't, we could see a big move to the upside maybe reaching new highs. Stay alarmed and watch the market!

NajjarTrading

Bitcoin arrived to the main support area 30k-31k and now we should wait to see its reaction, if it breaks below it could continue downward to the 26k-27k area where there is the next big support. However, if it don't and breaks above the 35k-36k it might be time for BTC to break it ATH again.

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As we've said, BTC broke out of the triangle and went straight to the 30k area after a retest of the symmetrical triangle, then have been rejected and went off to 33-34k. While waiting to see its reaction, keep in mind that if it breaks above the 34k zone, the next big move could come. Wait and Buy!

NajjarTrading

Update on Chainlink trade. We waited for daily close above $24 then waited for retest and went for a buy. If it breaks above $26 then it could continue to $28 (7.7% move) as it’s the convergence of the trend line with the fib extension.

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Retraced exactly 78.6% of the fib. Waiting to see daily close.