Like a lot of the coins, also Doge is on a downtrend.
The recent rise in Bitcoin translated into sone anemics rallies for this coin which reinforce my bearish outlook.
I expect a break under 0.3 soon and 0.2 zone is my target.
Doge above 0.35 would negate this scenario
Hello everyone, if you like the idea, do not forget to support with a like and follow.
DE30 is approaching an overbought area so we will be looking for sell setups on lower timeframes.
on M30: DE30 is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
As we look at the 4h structure for this pair the price action structure is making a bigger consolidation that prepares the next move to the upside. We think the higher probability move for pound yen is to at least break the top. This doesn’t mean that in this consolidation we can’t have a new low, but we think the support at 153.500 should hold and if the down...
I remain bearish on Bitcoin and, after an emotional and corrective rally, BtcUsd has started to roll back.
At this point, 40-41k is strong resistance and you can again see a drop to 30k support.
Interim support is around 35k and, on the other hand, a break above 41k would expose 46 resistance
FTM is currently well on its way of producing an inverse head & shoulders pattern. Both neck- and shoulder lines are at the same horizontal level, making it a "perfect" head & shoulders.
Mid-term target would be around 0.4. Keep an eye on BTC when trading alts.
As we can see from the chart the price is still respecting the bullish pattern. The probability is very high that the price may move higher.
This is an update of my previous analysis on EURCHF:
Thank you and Good Luck!
US Futures are hovering near yesterday's lows after a shaky start to the overnight session saw us reverse the Powell driven buying spree that started around 2:45PM when he said to take the dot plot with a "pinch of salt." Powell is now essentially saying that the Fed doesn't know what it's doing, so don't really listen to what the members think. I mean, this guy...
After a sell-off in the last couple of days, XRP seems to have found support at the bottom support of the pennant on chart.
With BTC regaining some of its lost ground, alts are following. For the near term I'm expecting XRP to follow this pennant, unless BTC decided to go wild and break through the illustrious 42k resistance.
When trading alts always keep an eye...
LTC is one of few coins which has very strong support which was never broken in the past.
If we look at the 1W log chart we can see a clear support for LTC which was tested multiple times in the past and LTC always bounced backed from that support.
Currently Price is headed towards that support level (Short term bearish move). We can expect to see the LB price...
Quick glance: In our previous analysis on ETHUSD , we discussed about the crucial phase for ETHUSD. Right now, it is moving in a descending channel and there seems to be very little resistance till $2600.
Market in the last 24hrs
The last 24 hours were quite a roller coaster ride. All the major cryptos witnessed a sell-off and then bounced back.
Market in the last 24hrs
DOGEUSD saw a consolidated movement with a slight indication of a bearish movement. Trading volume has been significantly been low.
Today’s Trend analysis
Price is expected to continue the current trend till it reaches the bottom Bollinger band and if the price doesn't accept it as a support line then the next support line would be the...
According to Spot Gamma, below 4,200 on the S&P is risk off. Let's see if the bulls can recover and get us back above this critical level, or if the bears hammer us lower and take advantage of the BTFD volume. We're sitting just above trendline support (in green), and MA supports just below (21EMA and 50DMA). If we see any real risk off moves today or tomorrow on...
Bitcoin retested the levels that we discussed in our last update.
I believe we can easily reach 43k level but with two possible scenarios.
1. We retest the 37k level again and then move towards 43k or
2. We keep pumping from here and close above the 41k level in daily which will trigger a bigger rally to 47k.
Bitcoin looks bullish, you can accumulate from...
Just like the rising 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...