Mohsen_Abbassi

Mohsen_Abbassi

Salaam We are below local resistance on the daily basis after the sell-off on the 13th of April. Also, there is a triangle pattern broken to the downside, we could consider some rise as a pullback. If the triangle works, expect 20-30% down on some altcoins. By the way, as triangle patterns are subjective, local resistance is mostly important. close daily...

Mohsen_Abbassi

Salaam ETH moves in a big rising wedge. Also regarding the fast market's upside move, expecting some correction before more upside continuation. Conservative traders could water for a 4h candle to close below the wedge's support line. This setup is a counter-trend trade, you could Please pay attention to the fact that this setup is only a scalp for a correction...

Mohsen_Abbassi

Salaam Here is a scalp trade setup. All things needed are in the chart. Good luck. Manage the risk and emotions!

Mohsen_Abbassi Updated 

Salaam WOO moves in a symmetrical triangle. Personally think will get a break to the upside but it's just a guess. In 4h, WOO is located in a falling wedge that coincides with the triangle's lower line. Waiting to break to the upside to enter is a good idea. For better confirmation, wait for 4h, and the daily candle close outside the triangle. The projected...

Mohsen_Abbassi

Salaam Several things coincide with BTC going to 38k. Broke the descending wedge. Retest 61 FIBO. DXY goes -4% lower and retests 61 FIBO. All means may be seen a 40% rise for BTC. This is just my idea and needs several things lines up to be true. Do not jump into a trade with only someone's suggestion! You will never see a direct move in crypto -----> so you...

Mohsen_Abbassi Updated 

Salaam ADA broke descending parallel channel, descending trend line in the weekly time-frame. Now pull back the trend line in daily tf. Start trade. Adding the next level at daily close above 4 seems a good idea for more confirmation. Good luck

Mohsen_Abbassi Updated 

Salaam VET breaking the descending parallel channel. (a 4h candle close above will confirm breaking) The projected target is about 15% higher, coinciding with a key level. Manage the risk and good luck

Mohsen_Abbassi

Salaam Just share my thoughts for a long-term scenario. Please let me know yours.

Mohsen_Abbassi

Salaam It seems that APT is coiling for a big move after breaking the descending channel. If it works, APT going for a 300% move. I change most of my portfolio to spot only because the changing attitude is high enough. Do your analysis before entering any trade. Good luck

Mohsen_Abbassi

Salaam Hope all of you doing well Woo broke the inverse head and shoulders pattern and pulled back. Also, it seems it moves in a falling wedge, regarding the last move, the target could be around 0.33-4 area. The trade setup is despite that I expect some retrace for cryptos when BTC is around 25.7-26k area. So it's more important to use SL and manage...

Mohsen_Abbassi

Salaam Sand Broke the long-term descending channel. It also broke the ascending channel (bear flag) that move on it for the last 2 weeks. It seems to retest the broken levels. If could close a 4h candle above the broken line, the trade will be violated. Good luck, Manage the risk!

Mohsen_Abbassi

Salaam My scenario: LTC moves in a rising wedge after breaking the long-term broadening falling wedge. It rejected the 61 FIBO at the top of the rising wedge. There is a long way and many levels to break for this scenario to happen, but retesting 64 area is probable. Good luck and DO NOT forget to manage your risk!

Mohsen_Abbassi

Salaam My scenario: VET moves in a rising wedge after breaking the long-term wedge, (or descending channel). VET also rejected the 61 FIBO at the top of the rising wedge with a possible fake-out. It could continue down move to retest the broken levels. Good luck and DO NOT forget to manage your risk!

Mohsen_Abbassi

Salaam My scenario: SOL rejected the 61 FIBO of the last swing. Now is in an intraday flag. In the case of breaking it to the downside, SOL could retest 13 area. Good luck and DO NOT forget to manage your risk!

Mohsen_Abbassi

Salaam My scenario: AVAX needs to retest the broken channel heading to FOMC. This move needs some confirmation level by level. Good luck and DO NOT forget to manage your risk!

Mohsen_Abbassi

Salaam BTC moves in the descending channel since Nov 2021 at ATH. Here I show my probable scenario. Falling to somewhere around 16.6 to 17.6k that coincide with 61-78 Fibo. After that, if bounces from there, will try to break the channel, in case it could succeed, could go around 24-26k, then retest the broken level or descending channel. Finally could retest 61...

Mohsen_Abbassi

Salaam SPX located in a huge broadening wedge. SPX stands at the descending trend line that coincide with the 61 Fibo and also retest the broken level of the rising wedge. In down scenario, it could send S&P down to the 3400 area! that could cause another lower leg for crypto!

Mohsen_Abbassi Updated 

Hi Hope you all doing well. After a good rally, SOL is in a triangle pattern that is bidirectional. But usually it show continuation. Waiting for break to enter is better. In case of breaking upside, SOL could reach 32 area. Manage the risk and try to keep your mind free!