This trading idea is a continuation of a past trading idea. Coin of one Asian exchange which is supported by Binance in every way.
The price is in a horizontal channel zone. The local downtrend has formed a wedge. The price is moving towards the zone of past channel support lows (potential double bottom).
Potential entry on a breakout or pullback after breaking...
There's a possibility we see something like this play out over the next week.
Bullish market structure was broken once the September 7th low was swept (lower low) & we've printed a lower high rejecting $45,000 which seems to be strong resistance.
We've also been rejecting the 21 MA today, and going sideways under resistance.
We could see 0.618...
Looks like ADA went walking through some tall grass with shorts on in the late summer time..... The PA is finding ticks earywhere!! Or close enough lol. Bull, a 12,12 could be getting but in but right now, Bear, its hitting some corrective structure markers but a nice little dilly could shake that off pretty quick! If corrective atm, could be another ZZ down...
At the time of posting the last chart prices blew through the short term order blocks acting as resistance. The top order block is now in play and will be much stronger as the 200MA 1HR is also situated there.
September has typically been a weak month for BTC. It would seem that for most of September, a falling wedge pattern has formed.
Am expecting a bullish breakout. Wait for a breakout with confirmation before considering a long position. Beware of fakeouts.
Just sharing an observation.
So $BTC made a push lower once again rejecting the lower order block as support for the 4th time.
Prices are currently making a push higher and into the top (lower timeframe) order blocks. If prices manage to test these order blocks as resistance and stay below the moving averages we can expect a continuation lower and hopefully a break of the...
1. Correction Wave 5 is over.
2. divergence will happen on RSI For near future,
3. Golden area of Fibonacci
4. Wait until the candle break resistance trendline
for me, I think I will entry on the reversal area with small size and then when everything becomes clear I will increase my size.
two type entry position
4H trend chart
From 9/22, Price rallied back to 33.495 which level is the invert Fibonacci retracement(0.382) after touching 25.505
Then pullback is ongoing and form a Head and Shoulders pattern.
Currently, observe price will fall down 25.505, which is Neckline of H&S.
If there is a candlestick get down through the neckline, H&S pattern is...
4H trend chart
Recently, ETHUSD has vibration in an invert Fibonacci retracement.
Floor of Blue Darvas box and Fib(1) show a resistance currently, so the price might try to touch Fib(1.382) around 2549.15 in future.
After price touched Fib(1.272) and Vegas tunnel_676ema , it rallied back rapidly.
ETCUSD is still...
Slightly updated view.
According to the technical analysis is above I expect now to confirm 0.382 Fib level around 40k before testing out the upper side of the triangle formation, eventually breaking the pattern to see a small pull-back around 60k, and then heading up towards 100k and 150k-300k (248k) target area by the end of the year.
Many are requesting a chainlink chart. Chainlink is approaching a great buy opportunity. It is trading in a bearish pennant, which suggest lower prices are on the way. However, I believe the pattern objective won't be completely exhausted, and link will touch 20 to resume then the bull run with solid momentum. 20 dollars is a strong support area, as it is a...
Cosmos, a decentralized, peer-to-peer network that enables data exchanges between blockchains, was the front runner, as its atom token gained 23% on Thursday to stand at $40.38 at 06:13 a.m. ET.
ATOM was one of the biggest gainers in the overall cryptocurrency market strengthening by nearly 24% as investors cheered the news of China’s Evergrande committing to pay...
FTX token is attempting to break the resistance of this descending corrective trendline since bouncing of the 0.618 fibonacci after this recent pullback, this is a great price to accumulate FTX spot holdings. For a leveraged trade entry i would like to see a daily close above this confluence of resistance for confirmation.