Maker (MKR) will need to hold a major level of support at around: $1050.00. Any daily red candles that close bellow this level will be a concern, therefore pushing us further down to: $855.00 level. Not much support bellow the current level of support resulting in a -20/-30% drop! In order for Maker to remain bullish; will need to see a green daily candle close...
Solana (SOL) forming a bearish pattern to retest the $23-$24 mark resulting in a -45% or more drop to it's previous level of support from the past. $17.12 will act as a very strong floor support for the price to push back to a resistance level of $48.87 again as an attempt of bulls to regain momentum.
BTC weekly candle to close between £31K - £25.7K. If bulls do not provide enough momentum to break the new resistance level at £31K. Bears will attempt to bring the price action further down again to the next level of support at: £21K. Retesting £21K will mean bearish for BTC due to the fact higher highs & higher lows trend pattern being broke.
XPR on the 8HR time frame has had candles close bellow the "Ascending lower trend line" breaking this symmetrical triangle. If the price falls and closes bellow the pivot level of $0.88 then it will start forming lower lows instead of higher high's pattern previously. $0.82 is a crucial key level of support when zooming out & viewing other larger time frames. We...
Bitcoin to fall down to the $42K roughly end of next week which is our next level of support. Then to continue bullish uptrend ready for another breakout within this ascending triangle!
XRP will make one more attempt to push the price above the $0.50 resistance level. If we succeed, the bulls will move the price to $0.65 next. If we can't, we will consolidate between $0.359 and $0.50 sideways for the meantime! BTC price will also play a key role of the next XRP move also :)
-Sell= 0.8900 -Stop Loss= 0.9022 -Stop Size= 122 -Target= 0.8790
XRP correction bounce back up towards level of resistance at 0.36 then hitting for the key target of 0.44? Or a downtrend falling to floor support level of 0.13 before we see a correction to the uptrend is also possible to retest! -Orange trend line as shown on drawing can be used as a vertical price level action of support to bounce off. Despite some candles can...
ETH Looks bullish after a breakout upwards from a descending triangle. Diagonal trend line drawn from higher lows & higher highs and acts as a strong level of support for candles to bounce off. Next target needs to close above $659.00+ mark which acted as a previous level of support we struggled to maintain.
Ascending triangle shown in the chart from trend lines, BTC looks like it will be heading towards the $24,665.00+ mark, if it breaks we will see an uptrend continuation. This will be likely the next level of resistance if this is the case set from the previous high price rejection. If BTC closes above this level, this will allow for this mark to become a new level...
XRP for long term looks promising it will increase due to the uptrend of higher lows & higher highs as shown from the trend lines; since a 2 year bearish downtrend. Recently, XRP dipped over 50% from the wick-to-wick of the candle, then after the recovery from SEC lawsuit had a massive pump of 80% in just 3 days! $0.17 mark is a key level of support and very...
XRP sell candles have closed below previous lines of support. Looks like it will close even lower down below to $0.30/£0.21p. Or other scenario 0.30 could act as the new support level; re-testing old support levels which will now act as new resistance key levels? -XRP has also fell below the 50MA indicator!
Will Bitcoin repeat history from data shown from previous halving cycles every 3 years? BTC currently has not long entered bull market in 2020, therefore we could be looking to hit prices of £66K+ next year!
Bitcoin ( BTC ) will pump ALT coins to higher high's during May mining halving cycle.