How to identify the Demand Zone? Drop spin Rally : Step 1: Initially, the prices were falling down as there could be sellers activated in the stock. Step 2: The price will move in a range because there is an imbalance between buyers and sellers. Step 3: Finally the prices will further move up with more buyers dominating the prices. Rally spin...
What Is a Descending Channel? A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels. KEY TAKEAWAYS A descending channel is drawn by...
NASDAQ:HOOK Performing Falling wedge in 1W Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would...
Chainlink (LINKUSD) hit today the 1D MA50 (blue trend-line) for the first time in more than a month after a Double Bottom just above the 1.5 year Support Zone. This rebound has been accomplished after the 1D MACD formed a Bullish Cross within the Buy Zone and rebounded. Every time such a MACD rebound took place, the price has always hit $8.00. That is our buy...
Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart...
What a fantastic time to buy/long $OG. waiting for liquidity to come Daily, Weekly seems good See ya at $5 above
Bitcoin (BTCUSD) broke yesterday above the 4H MA200 (orange trend-line) for the first time since August 09. This was a critical Resistance as it made the emphatic August 29 rejection in the Greyscale aftermath. With the 4H MA50's (blue trend-line) support, the price has now started to test the Resistance levels one by one with the first being the Lower Highs 1...
Hedera (HBARUSD) is having a 3-day 1D candle bullish streak for the first time since the August 15 High. Considering the completion of a Bullish Cross on the 1D MACD and the fact that the 0.04555 level (Support 1) held, we treat this as a similar buy signal with March 16. That fractal rose up to the 0.5 Fibonacci retracement level. That is our short-term target...
Last time we looked at XRPUSD (Ripple) was 3 months ago, giving the most accurate pull-back buy entry we could get (see chart below): Following the SEC news on July 13, the price broke above $90 for the first time since April 2022 but since then started a decline which in two aggressive parts eventually broke below the 1D MA50 (blue trend-line) and hit both...
Defi Token Pump $spell hasn't pumped. Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising...
twitter.com Celo upcoming events looks good
Trust Wallet Token (TWTUSD) is trading within a Channel Down pattern since December 2022. Yesterday it touched the Support Zone and rebounded, making a Double Bottom structure so far. At the same time it is restrained by the 1D MA50 (blue trend-line) as the short-term Resistance. There is a medium-term Resistance Zone since mid-June within 0.9700 - 0.9915 and it's...
Bitcoin (BTCUSD) couldn't avoid the Death Cross formation on the 1D time-frame as a result of August's decline. This is technically a bearish pattern, where the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line). So how bad can it be? To answer that, we can look into the historic price action of course through past occurrences of the Death...
Enjin Coin (ENJUSD) broke last week above the top (Lower Highs trend-line) of the Descending Triangle pattern that has been in effect throughout the whole year. This is a major bullish break-out signal and despite the rejection on the 1D MA50 (blue trend-line), the price action being similar to the June fractal, provides a strong short-term buy opportunity. Even...
NYSE:DAR Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would...
NYSE:TRU is still Looks beautiful All the Low cap Coin bounce TRU has not pumped strongly. NYSE:TRU gains good following from this region with a lot of potential than I gave 0.0280 0.0307 contradicts support. It will be like that until we break the resistance .0.0363 with high volatility.
On today's analysis we compare Bitcoin (BTCUSD) to the Volatility Index (VIX) on the 1W time-frame. An often neglected instrument, which measures the market volatility (decline = risk on conditions, increase = tension), VIX has been trading within a Channel Down for the past 12 months. Almost for the same period of time, BTC has been trading within a Channel Up,...
NASDAQ:HOOK Retesting Falling Wedge also Try to Break Range Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume....