As we can see price is receiving strong support zones now and we are looking for a local pump once again. 200MA (Moving average) support now is ahead and it seems that the price is respecting this support. Targets and resistances + Next support levels are also mentioned on the chart. DISCLAIMER: ((trade based on your own decision )) <>
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What's bearish: - Rising Wedge pattern - Rejection of the 200MA - A decrease in volume in the last 2-3 trading days - Bearish divergence (red line) - Falling wedge pattern on the VIX (image in the comment) This is a pure technical standpoint, it has nothing to do with fundamentals or the market sentiments Me: Hello I started with stocks 1 year ago. After...
Hi everyone Daily" XRP broke trend a strong trend line, while leaving behind a Death Cross like many other currencies. Following BTC Also I see the formation of a Head and shoulders that has sent the price down to the next local support level. XRP has to over come selling pressure to keep it self above the current support $$0.76, If failing to do so we could...
$SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks...
RIOT blockchain is one of the biggest publicly traded bitcoin mining operations and are approaching the lows we saw in May earlier this year, after breaking through support at $23. This is an attractive price to get in on for a long position. In the short term,if it reaches the may low, might see a retracement to 0.382 fib level
Hi everyone Daily" Rebound up from trend line. Stoch RSI crossed up on over sold area. Strong sign of having had reached bottom daily looking to come back up and retest 50Ma. Possible price target $190 if gone over this resistance we can see a long move all the way to $240 if bulls keep on our side. ALWAYS look for extra confirmation on any trade, Anything...
Hi everyone Daily" Going short ADAUSDT RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji' Possible drop to $1 If bears stay strong,...
As we can see price broke channel resistance here and started a local pump after that then the price started a correction and now it is near the channel once again, if the price completes the retest of a breakout here we can expect more rise. also, there is a strong support near 44K that is mentioned on the chart too and that is the last support zone before 40K...
Ethereum is trending lower within a downtrend channel after recently falling out of a longer-term uptrend channel. Price is below all short-term moving averages with all short averages in a bearish cross. Watch for 200sma support near $3350, failure there would likely lead to a dip down near the $2650 support level shown. Lower indicators all show bearish short...
The stock has already tested the 200MA on the weekly chart and based on the trendline analysis it is looking bullish.
As we said before 200MA resistance here made local dump: now price is near strong support zones that if these supports remain valid we can expect more pump here like green arrows. Notice: if price breaks last support zones that are 46K and 40K support market can fall hard. DISCLAIMER: ((trade based on your own decision )) <>
46K$ support was strong enough for the local pump to 51K$: and now as we can see price stop pumping near the 200MA resistance zone and we have two possible paths now: A. correction to 48K support at least. (Red arrow). B. breaking 200Ma and more pump to 56K$ at least. Strong supports and resistances ahead are also mentioned on the chart. DISCLAIMER: ((trade...
I'm looking at different time-frames and indicators to see what the most likely short-term scenarios are. As for the inmediate short-term, I don't see us going above 53k. Take a look and see for yourself to see what i mean... Happy Trading P
A lot is going on with BTC at the moment. A common sentiment in the market is not looking great at the moment, and lots of people are starting to believe that we have already entered the bear market. In my opinion, We are still in the bull cycle. Here is why? Even though this correction was brutal, it is a very similar correction we have seen in May and...
ONT is about to go green on the histogram after testing the 0.886 retrace from its last rally high to $2.958 for the 4th time. There is small bullish divergence on the MACD while under the 200 daily MA. We should have a breakout soon in under 2 weeks. If the macro doesn't fail, it's going to be a good start to a new year.
We should bounce off the 200MA and fly straight to the moon in the up coming weeks, JPOW is on our side and after crossing 200MA nothing can rly stop this from taking off. If I’m right we could see new ATH before year end, but not too much just like 70k-75k, 100k is coming in winter 2022 or early spring. Edit: I’m talking bout the 1hr 200MA not 200 day...
Bitcoin tests the 200MA at the same level we have the purple central line of the accumulation box indicated by the thick orange and bright green lines. We are within this accumulation box for 241 days yet and holding the central line is important to stay within the upper bullish zone. The current drop looks too steep for a long term trend and price volatility...