TECHNICAL ANALYSIS: Support & Resistance
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LINK/USDT has been trading in a smooth ~20%-~30% horizontal range (sounds lucrative already) since Mid-July, suggesting reasonable consolidation in the area.
We are in favour of a long position considering some interesting observations:
- It's one of the few pairs that have managed to stay above the 100EMA lately
- Positive divergence between RSI and Price on...
Does this sound a little far fetched from where we currently stand today? Well it also did so when Bitcoin was trading at $10, $100 even $1000. In fact its entire historical price action seems far fetched but it has been trading on solid patterns that never broke down and always delivered.
What I want to focus on this time, is the projection of the current...
BTC Daily chart continues to tighten so not much to update at this point. Bulls changed the 4 hour trend but saw no follow through, which normally means zoom out and look for a daily bear flag.
The odds have a slight favor for bears where we currently stand, so a bit more follow through over $10,255 would be needed to even out the probabilities.
If we see a...
LTCBTC Right now it's on-demand Zone wait for reversal Condalestic Confirmation.
Note: This is only for Educational Purpose this is not Investment advice.
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Support : 9888 & 9650 & 9050 || Resistance : 10200 & 10550 & 11500.
- Downtrendline from 6 august converges with green pitchfork line on 1 september 2019. i expect a big volatility before that date to either side.. let see what happen.
- Bull scenario : if BTCUSD could made a higher low and break red downtrendline 1 with strong bullish momentum. that way i...
Just a quick update on what's going on with the crypto market. If we see some bigger moves, obviously I'll post some more charts. Hope you enjoy.
As always, my thoughts are not financial advice. This should be used for educational purposes only. Always consult a professional financial advisor before you make any money moves.
Just a quick look at the TRON chart. It seems TRX is finally breaking it downtrend move that began back at the end of June and that's pretty good news. Perhaps it trades sideways for a day or maybe it makes some sharp upward moves.
Waiting for volume to confirm the broken downtrend. Looking at the weekly chart it looks like a bullish descending triangle is about...
The fear index is crushed as the bulls battle to hold the daily equilibrium and try and form a higher low heading into the weekend. If bulls fail we will likely head to daily oversold conditions and a $9,000 test. If they are able to hold we will likely see a break of the range Saturday or Sunday.
Still all cash and patiently waiting for the tightening range to...
We are looking at a possible standard triple structure correction which would mean that the correction is likely to be over and we can expect a reversal pattern to the upside very soon.
However, if a WXYXZ pattern starts to form then we will most likely only get a small up move to be rejected at/or slightly below the yellow trend line and then fall...
Bitcoin will experience some bearish moment before lift off according to pennant flag.
Support for bitcoin is approximately around 9k. Short trader should've close their position around that, and for the bull, you guys need to watch btc around the support and preparing for the lift off!
ADA/BTC is currently attempting to break out of this accumulation zone it has been in for about 2 weeks. Most alts are getting smashed due to strength of Bitcoin dominance and the overall market environment. However, ADA/BTC has reclaimed the 10/20 day moving averages, which are momentum moving averages, so in the short term we could see further upside momentum....
Strange one this one. We find that BNB could go either way mainly due to BTC. Find ourselves on key support but if BTC rallies forward it could reject and a possible 25% move down is on the cards. However, if Bitcoin starts to slow down, could see a trend push up 10%