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As with BTC, we can see a similar pattern with ETH. Our parallel channel that previously acted as our support is now acting as sell pressure. Shorts are really good here with tight stop losses. For us to flip bullish we would need to start closing candles above the $2,150 level.

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Here I have outlined 2 very key trend lines. We have our resistance (red trend line) and our support (white trend line) that is currently acting as new resistance. With price action remaining below both these levels we can see another leg to the downside. For us to switch to a more bullish scenario, we would need to close above $31,400 (yellow ray) and hold those...

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If we are able to break above our resistance (from the previous post), we could see a move up to the 3D 200 MA which currently sits around the $2400 level.

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We have recently had a move down from our triangle. This means if we are to retest our old support and flip it into new resistance (red arrow), this would be a bear flag and give us an initial target around $1600.

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The chart on the left (4H line chart) shows that we have double bottomed in the short term. Also on the 1H (chart on the right), we can see a bullish W breakout pattern forming. Since the markets have been so bearish recently, a swift move to the upside (short squeeze) could be in the cards.

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We have been forming a symmetrical triangle that can clearly be seen on the chart above. Some might draw it from our wick lows (which would increase the % breakout/breakdown), but I like how I have drawn it above due to the amount of confluence with the trend lines. This would give us a conservative measured move breakout above $0.11 or a conservative measured...

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After an almost 100% rally from the lows, KNC is coming up against its major resistance zone. This ranges from $2.10-2.30. Placing tight short trades here could be profitable.

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As I posted on May 1st that the S&P was going to have a major move. At the time we were still above our box of support ($4,050 - $4,150). Now we have broken below that key support range and are currently retesting it. Most likely we will flip OLD support (green arrows) into NEW resistance (red arrows). Therefore, if selling occurs in this zone it could lead to a...

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ENS looks like it is running out of steam on our RSI. This would be a good place to begin shorting. If we do go higher look for tight shorts in the red box I have drawn above.

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Nice parallel channel forming for ETH. Would watch this closely for swing trading.

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Here we can start to make out a clear triangle forming on the 4H. As soon as we have a candle close above the resistance or below the support of the triangle, we should see a move to the measured price target. To the upside, our price target is around $35,000. To the downside, our price target is around $26,400.

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4H candle is forming a doji. This gives us a potential good short setup with a tight stop loss at the high. 1.5 RR ratio.

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We can see that our KDA trend is starting to stall out after going on an almost 100% rally to the upside. Our old support (green arrows) is currently acting as new resistance (red arrow). Taking a short here gives a good RR with the SL being above our last high. If we break our neckline of $2.80 we could see a move somewhere near the $2.40 level.

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From my pervious posts it seems pretty clear we are about to go on a nice relief rally. But I do want to caution you on opening long positions at the current moment. With how price action is acting, it would not surprise me to see some chop and then a swift move to the downside (bart pattern). This would liquidate the overleveraged longs and give us a clear...

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Here we are analyzing the daily timeframe and currently it looks like we could be repeating a similar pattern from Jan 2022. During that time, we created a W pattern finding a low around $43 and candle body support around $47. Once we broke $60 (the neckline of our W pattern), we had almost a 100% rally to the upside!!! Current day, we are seeing the same sort of...

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The chart on the left is the 1D time frame where we can see that we have just created a double bottom in price (around the psychological level of $1) and have already rallied almost 20% from our lows. The chart on the right is the weekly time. We have bounced perfectly off oversold on our 1W RSI, which is usually a very bullish thing. At the current price of MIR...

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On the 4H we have broken above our resistance trend line (Red trend line) and are currently holding new support upon it (Green arrows). Wait for a daily close above to confirm. Also it is very important to wait for the FEDs announcement before hopping into a position. Other than that things are looking good for a pretty big rally to the upside, before potentially...

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Here is $Ape and our Fibonacci levels of the current move. What we can see from this, is the 4H candle bodies have had massive confluence with each of these levels. Currently, it looks as though this $13.50-$13.80 level could be a bottom before a relief rally. It is still possible we drop to our long term trend line around $11.70, but if this ($13.80) does become...