Bulls remain very strong in the short term with no red flags. Coinbase 4H inside bar broke bearish with no follow through, making it a possible bull flag. Other exchanges did not break it bearish so we just have multiple inside bars. In either scenario the burden of proof remains on the bears, who have been nonexistent for 3 days.
For every $100 higher we see...
I spotted a very bearish setup on Monero:
reaching a key daily structure resistance, the price formed a head and shoulders pattern on 4H.
Its neckline breakout confirms a highly probable bearish continuation.
Goals: 120.35 / 116.0
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Solana is one of the best performers from the bull market, and was one of the few to actually achieve a 1000x increase. Multiple coins did this in 2017, but very few did this time around, most likely because leverage can now be used in the crypto market. Pumping altcoins by this much doesn't seem worth the risk anymore, considering they often just retrace most of...
In the chart, the maximum volumes go through the highs. We can see the honeycomb, the upside. Everything tells us about a possible renewal of the low. And then we will see the realization of the plans of MM. The sharp impulse up or "liquidate" all those who want to buy.
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P.S....
One of Core Scientific's biggest miners is facing bankruptcy - the company has no way to meet its financial obligations.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved...
The Future of FUND - Codegnosis
It’s been a busy month since the successful completion of the MainNet upgrade.
Although the foundation is deep in advisory services and development with our main external partners, the work to improve the internal network and platforms are as prominent/complimentary in the roadmap.
Almost as soon as the last MainNet upgrade was...
SELL ENTRY @19984.41
STOP LOSS@20312.48
TAKE PROFIT@19505.50
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I'm back after a couple weeks of studying for my master's exam (which I passed!). I am officially almost a licensed social worker. Now, how that qualifies me to write about financial markets, I have no idea. Though, I certainly think they are related, as much of our social and system issues stem from poor economic policy and rampant exploitation in markets.
In...
This is just a quick follow-up post to my short idea on Tronix from May. Here is the original post.
I ultimately got stopped out of the first trade and failed to catch the nearly 50% drop. Despite dropping below the uptrend, TRX rebounded much better than the rest of the crypto market, and remains one of the only coins still above its bull market support. It's...
Pivot Point: 1600
Currently: Consolidating at this 1740 level , its next support zone is at 1820
Reaction: Resisted at 1520 and retraced back to 1470
I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊
Btw you can feel free to use our designed indicators!!!...
As I've been talking about over the last several weeks, the market SEEMS overdue for some sort of relief rally. Although I believe crypto has begun a longer term downtrend and likely will not see all-time highs in the foreseeable future, it is not unreasonable to expect some hope to be injected into the market before further sustained downside. Of course, the...
SELL ENTRY @20850.16
STOP LOSS@21339.91
TAKE PROFIT@20327.02
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Deeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. It is starting to hit the first resistance line, we will see if it can break thru or get pushed back down.
Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase...
Pivot Point: 1237
Currently: Consolidating at this 1295 level , its next support zone is at 1335
Reaction: Resisted at 1194 and retraced back to 1153
I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊
Btw you can feel free to use our designed indicators!!!...
Here on the left, I've shown the BLX chart (Bitcoin index with the longest price history, plus its log curve) and the broken long term uptrend on the Litecoin chart on the right. Why Litecoin? Well, the 2017 bull market was characterized by astronomical gains for Bitcoin alternatives. At that time, it was about which functioned as the best currency. Litecoin and...
Pivot Point: 1075
Currently: Resisted at 1040 and retraced back to 993
Reaction: Consolidating at this 1153 level , its next support zone is at 1237
I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊
Btw you can feel free to use our designed indicators!!! Just...
SELL ENTRY @19097.0
STOP LOSS@19678.5
TAKE PROFIT@18345.5
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