Hey Traders, in today's trading session we are monitoring Bitcoin for a buying opportunity around 64,600 zone, Bitcoin is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 64,600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring ETHUSDT for a buying opportunity around 3,100 zone, Ethereum is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3,100 support and resistance area. Trade safe, Joe.
Bitcoin (BTCUSD) has been holding so far the 1D MA50 (blue trend-line) as Support, which was the primary objective, closing all 1D candles since Friday above it, but now an underlying trend-line is coming to center stage as it got tested also on Friday successfully. That is the Lower Highs trend-line that started on the March 13 High and rejected BTC on Lower...
📉 Bitcoin Daily 📈 Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week. Higher timeframe picture and...
Ethereum almost got to the target zone I've marked 6 days ago. Missed by 21 dollar. But I'm yet cautious about bullish entries. Last 12H closed bearish, so I believe this chart will require another day or two to draw some certainty. Till then we may expect dips under 3427 and possibly to that zone I've marked as well. Level at 3650 remains decisive for mid...
Hey Traders, in today's trading session we are monitoring XRPUSD for a buying opportunity around 0.48050 zone, XRP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.48050 support and resistance area. Trade safe, Joe.
If you find this information inspiring/helpful, please consider a boost and follow! This chart has some good-looking technicals... GETTEX:NOT 😏 Watching these levels. The more levels that pop the better. Algos at play as well so far, and we all know algos love #Elliottwave ... #Not
Solana (SOLUSD) has been on a correction mode since the March 2024 High, in an attempt to technically harmonize the massive rally of 2023. The 1W RSI Double Topped in the same month and this is where all the essence of the current price action is. The 1W RSI peaked on the exact same level (86.00) back on the week of August 24 2020. It didn't find a bottom before...
Bitcoin (BTCUSD) was rejected yesterday on the 4H MA50 (blue trend-line) and that caused another pull-back that is about to test the 1D MA50 (red trend-line) once again. On Tuesday this level held and is critical to continue to do so as a breach might lead us to $60000. This is what took place on the April 08 - 19 Channel Down. It is important to note that after...
Year VWAP VAH was at 3645 (same as March close) - ETH dipped below it and yesterday went up for bearish re-test, where it got rejected. That hugely increase chances for further retracement towards breakout level around 3260-3340 at least. Year VWAP is around 3123 and act as high timeframe magnet for the price. By the time ETH gets to it, most probably it will...
Bitcoin (BTCUSD) has been practically consolidating since the May 21 High and the recent pull-back of the past 5 days is starting to inflict a certain degree of fear in the market again. So far the effect is only on the short-term as yesterday, the 1D MA50 (blue trend-line) was tested (first time since May 17) and held. This is something we have seen before on...
Logarithm. Secondary trend. Time frame 3 days. Long-term horizontal channel (accumulation) with the step of 108%, currently 11 months long. The key “level” of the channel formation is 1.128 (last update, before the accumulation formation). There were no stop loss withdrawals under this channel at the moment. The price is currently at the lower zone of this...
EOS was supposed to be the Ethereum killer, LOL. However, if the Crypto Markets start booming then EOS ( EOSUSDT , EOSUSD ) would triple the ATH. I've been holding and adding more on the next drop. A good level IMO is: $0.50 . My Technicals: * Elliott Wave A-B-C Pattern * Cycle Analysis (Early '23) * Super-Cycle (b) (turquoise) Completion * Demand Zone @ 0.50...
Bitcoin went to the Moon with Dec '17 top. Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom. After that it went to Mars and hit the tops again in Nov '21. It was a 2000% gain. What can you tell from this? Percentage-wise, Correction is lower than the gain. So, the Dominant Trend for BTCUSD is UP! OK, back to Earth. Let's gather fuel and...
Mantra (OMUSD) broke today above the top of its Rectangle, which has been the pattern it consolidated in since late March. The recent low of May 30 was supported just above the 1D MA100 (green trend-line) and that initiated the current rebound. This is not very different than the March 04 break-out, which after holding its 0.5 Fibonacci retracement level, it...
Technical Analysis and Outlook: Bitcoin has completed our designated Intermediary Squeeze Rebound 71500 and is on its way to continue the downward movement to a Mean Sup 67500, where we are expecting a Bull Stage movement to take place to retest the Mean Res 71500 and Key Res 73200, respectively.
we see that the main market is in a breakdown-low time frame, but Dmail shows a possibility of a break in the coming time frames. * This coin is known for unexpected whale increase candles. (out of TA) Depending on our study's low time frame, there is a good chance this coin can break. Further, the Market goes on its way, and it can first have a back trend...
Bitcoin (BTCUSD) requires at all times that we are openminded to all possibilities and not just one. This suggests that we need to be prepared for scenarios that often go against the trend, the majority of opinions and momentum (whether euphoric or panic). Along those lines, we present you today a medium-term pattern that is possible and even though it doesn't...