Hello, Traders! Monfex is at your service and today we overview BTC/USD . Bitcoin in a short-term is able to reach the resistance zone, where the price will meet with MA200 and it will be possible to consider the short position. But an indicator analysis is currently negative. A rejection of this idea will be the surrender by bears of $ 8350 . Resistance...
Having already made our 1st target we've seen a weak bounce thats turned into a descending triangle, indicating further downward continuation, once we break through our key level of $53.90 1st target $53.38 2nd target: $47.85 SL $55.19 RRR 1:5.19 Good luck everyone
A quick update, about what is going on right now, hit me up with questions, I'm here to help. ;)
l posted this chart yesterday in the chat and it played really well.. l came to the conclusion it was coming down due to the candles clinging to the top of the triangle.. All indicators were also pointing to a downward trend The cloud was also underneath the candles with a nice gap for the candles to slip through.
Unless it bounced already, support at 550 looks good for that final bounce. After that 610 - 635 - 660 easy to reach. Hodler's might even sell at 700.
Technical analysis: . Reddcoin/Dollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00139200 to 0.00090200). if so, traders can set orders based on...
Traders, Here we have EOSUSD 1D chart. By looking at this chart you see healthy bullish trend with repeating triangles with equally ratios from the bottom to high taking from the point of breaking, So we are waiting something interesting here by looking to the positive or bounce side. As analyst you must take all probabilities you have so what's the bad...
What do you guys think?? Im no pro at this but i always seem to chart and find some real easy intersections.. BUY HERE
On the 4h we have seen a reversal '' W ". RSI 1h = Oversold RSI 15m = oversold HR trendline hit (0.02375) strong support.
How are you, Easy and clear idea about what xrp can do. Large candle up in 2 or 3 days. Use it :) Bye
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Hey guys, I have been calling this for a while now. but this is looking very good from a chart pattern perspective.can go up more...and probably will. But, I would suggest to watch out. I will look to short this pretty soon. I am semi bullish and bearish lol. But please remember we are still in a bear market unless proven otherwise. so far things look good. but...
Ok, not yet started, but if cross that scary red zone of dense resistance, nothing will stop it from uptrending.
Technical analysis: . SIACOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001760 to 0.00001620). if so, traders can set orders based on...
Hey Guys, Set up for short after downtrend confrontation. Will be taking partial profit half way down.