Selfkey is now at the support line of the channel and might be hovering some days between 59/62 before moving back up to the resistance at around 75.
Next resistance around 84.
Next support levels around 56 and 52.
This is not financial advice.
I expect MO to Fibonacci retrace to the golden pocket area (.618 - .65) and bounce off where we had previous resistance (a weekly and monthly level of significance).
Placing buy laddered buy orders from 48.91 to 47.82 is my idea. There is a chance price dips below the .65 into the liquidation zones a bit below. Set your stop loss...
After breaking the descending wedge and now the target support level is around 8800 satoshis. After that there are 2 options that will logically follow this move, either breaking the trend line by April the 30th which will probably create a new wedge towards the upper resistance level or we will be able to experience another low support level that will be formed...
It has been trading withing the monthly support and resistance level of 11500 satoshis and 38700 satoshis accordingly but within the channel there are also weekly levels that are being respected currently sitting at 30700 where resistance was tested and rejected recently and now the direction downwards is looking at the 13500 satoshis support level. Moving around...
There's no doubt that with the volume behind it, Bitcoin wants to make a push to the liquidity it will find between 5800 and 6300.
If this push happens quickly, the profit taking of those who got long anywhere below 5500 as well as selling from everyone who bought at 6k and is waiting to get out at break even will cause a massive reaction back toward support at...
ICX didn't rise a lot from the bottom, so there is a good potential for further increase.
It is now stopped at 0.382 fibo and major 1D level. So you can buy from current price with the first target at 1000-1100. 2nd at 1210-1300 .
It's clear that ABN is in a somewhat broader downtrend in a descending wedge that will break eventually, but until then it will bounce within these lines.
Two resistance levels are upcoming. A resistance line within the 20.95-21.05 range and the downtred upper line. RSI is also rising really quickly but with lower tops.
Could well be green until monday 8-apr-19,...
Simple chart today. This shows a bunch of levels that are highly relevant in the mid-term. Most of you should already have this info, probably because of other indicators pointing to these levels (fibs, swing highs/lows and so on...), so keep this in mind as a reinforcement to your theory if you have a similar one.
From what you can see the FBB lines...
- This week's message from the ECB was more dovish than expected. Therefore, I expect Euro weakness to continue next week.
- On a technical level, price has just broken below the 125 level and below the ascending channel. Leaving room for price to continue falling towards the 124 and 123
- Entry: Between 124.90 - 125.00
- SL: 125.50
- TP1: 123.00
Goooood evening fellow traders!
Came across this setup on ADA and figured it would be interesting for you guys to see this.
ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone...
Guys, this puppy wicked very nicely to the Blue Monthly Level. It got rejected- fast. Buyers have come : ) Never forget about the 7-10 days lag crappy lag-time of Coinbase getting retail traders their money!
Hope this helps. Good luck and God Bless.
I am a big fan of numbers. People like to make up numbers too. Popular numbers to many, are well just that- popular numbers to many. Watch this go down. This is going to blow your minds haha.
It has been moving down since it attempted to test the 4980 satoshis level after moving above the 4033 satoshis level, then it started to loose its momentum and corrected to the current levels. It has been testing the 2130 satoshis level and it successfully tested it and now it looking to break the descending wedge and looking at the 2583 satoshis level. If might...