Clouds ☁️ lie ahead in the next 24 hours for the global crypto market, including Bitcoin and Ether, indicating a slightly bearish market with downside risk. Altcoins such as Avalanche, Chainlink, and Polygon face more lenient trading conditions, with a slightly bullish sun forecast by ATTMO. Over a one-week horizon, this slightly bullish sun should also shine...
Have you seen that peculiar confluence zone on Bitcoin on a daily time frame: we have a perfect match between a horizontal demand cluster, 382 / 50 retracements of the last 2 bullish impulses. After the test of that structure, the price formed an inverted h&s pattern on a 4H time frame and broke its neckline, confirming the strength of the buyers. I...
TWTUSD has crossed today over both the 1D MA50 and MA100 with force turning overbought technically on the 1D timeframe (RSI = 72.444, MACD = 0.001, ADX = 22.204). It hasn't closed a candle over the 1D MA100 since January 29th 2023, so today's closing may be vital for the long term. Even though the 1D MA200 looms just under the R1 level (0.9885), we believe that...
as we see in the RSI a divergence has been dedected and we know that BTC respect this divergences if we see in last years he follow the RSI before 2023 and the begining of 2024 more dump for BTC then the RALLY will begin note my notes see you in the beging of 2024
GALAUSD is testing today the 1D MA50 for the first time in two months on a green technical 1D outlook (RSI = 60.296, MACD = -0.001, ADX = 46.201). Being through all 2023 inside a Channel Down similar to 2022, we can argue that the next 1D MA50 cross over (like the 1W RSI cross over the MA line) can provide a rally similar to January's. That will be our trigger...
XECUSDT Trade Signal Timeframe: 1H #Crypto #Cryptomarket #CryptoSignal #Forex #XECUSDT #TechnicalAnalysis #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the XECUSDT pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 1H- timeframe,...
POLYMATH is having a strong (1d) candle, crossing over both the MA50 and MA200 (1d). This is not a bullish signal yet as the long term pattern remains a Channel Down, particularly bearish under the Falling Resistance. Trading Plan: 1. Sell as long as the (1d) candles close under the Falling Resistance. 2. Buy if it closes over it. Targets: 1. 0.1150 (Support...
Bitcoin is trading inside a Channel Up that led it straight to the Falling Resistance of July. Even though it crossed over the MA200 (1d) and Resistance 1 (28175), it is currently struggling to close the candle over them. Along with the MA100 (1w), which is a Resistance since May 7th 2022, those are your pivot points. Trading Plan: 1. Sell as long as the (1d)...
Sunny trading conditions with a few clouds lie ahead for the global crypto market, including Bitcoin and Ether in the next 24 hours and over a one-week horizon. 🌤️ This indicates that a slightly bullish market with upside potential is likely. On the other hand, XRP and Binance ☁️ buck the trend, facing slightly bearish trading conditions. Follow us for more...
Per request, we want to take a look at Filecoin. This cryptocurrency has been around for a few years, and the first thing that stands out to us is that its value is down more than 98% since its peak in 2021. Another thing that caught our attention is the relatively lower daily volume since the start of summer compared to the period in the first six months of 2023....
Bitcoin has completed seven weeks of trading inside the 1W MA200 - 1W MA50 range. It is no surprise that the 1W technical outlook is neutral (RSI = 50.743, MACD = 460.600, ADX = 25.554) as while the 1W MA50 has been supporting, the 1W MA100 has been resisting. The latter hasn't closed a 1W candle over it since April 25th and is at the moment the top priority to...
Solana is testing now the Falling Resistance from July's candle body top. All two prior break outs over such Resistance in the past 12 months have ended with a new Higher High on our main Channel Up pattern. Trading Plan: 1. Buy if the price breaks above the Falling Resistance. Targets: 1. 33.000 (Fibonacci 2.0 extension as on previous break outs). Tips: 1. The...
Chiliz / CHZUSD crossed today over the 1day MA50 for the first time in 2 months. Even though that is a significant bullish signal, it is still not as strong as a potential break over the top of the Falling Wedge pattern would be. As a result, a break over the Falling Resistance would target the 0.236 Fibonacci level and 1day MA200. Buy when a 1day candle closes...
Gala is trading inside a Channel Down every since the market top early this January and today the 1D technical outlook turned neutral (RSI = 46.626, MACD = -0.001, ADX = 48.052) as it is trading on the strongest 1D green candle since March. The 1D RSI bullish divergence (HL) shows a short term momentum shift and the price can now target 1D MA100 and the top of the...
LDOUSD is testing the MA50 (1d) as we speak. This Resistance level hasn't been broken since July 25th (2 months). Despite trading inside a Channel Down, every MA50 (1d) bullish cross has completed uptrends of at least + 39.12%. Trading Plan: 1. Buy on the slightest crossing over the MA50 (1d). Targets: 1. 1.9350 (almost +39.12% aimed at the MA200...
BICOUSD is having a strong push that naturally turned the 1D technical outlook overbought (RSI = 75.371, MACD = 0.002, ADX = 39.812). By doing so it hit the 1D MA200 for the first time in almost five months. We are not buying into this pump yet as the 1W MA50 looms (rejected the April 8th high) as well as the Resistance Zone. The 1D MACD is below 0, suggesting...
COMPUSD is consolidating under the MA50 (1w) since mid August with the RSI neutral/ borderline bearish. There is a Rising Support on the RSI (1w), which is filled before every rally. The Support Zone has priced all 3 of those RSI bottoms. Trading Plan: 1. Buy the next pull back on the Support Zone. Targets: 1. 130.000 (Rising Resistance as well as slightly under...
MKRUSD turned overbought (RSI = 71.689, MACD = 59.900, ADX = 32.319) as it extended the rally that basically started on August 25th. The wider pattern is a Channel Up and the current run carries similar characteristic with the first run of this Channel. The RSI patterns are identical and symmetry wise we have started the rise to the third peak of this sequence. We...