Important things to note:
I bet that last retracement had you sweating LOL
Fortunately everything looks fine.
If you are looking at BTC the price will retrace above the new higher low we had as to not create a H&S.
ADA is just retracing. I expect an upward push to price target.
Price target is marked on chart in green.
The major resistance is in yellow.
3 factors are telling us about selling opportunity!
1st, The linear regression (in the case of trend and over bought)
2nd, The Resistance
3rd, The high volume candle breaks the lowest low of the last 24 candles previously!
In longer term analysis we could see a strong Support! But I don't believe it will effect our medium term analysis in this case.
This could go either way but look how it gets squeezed and compressed between the 200MAs (red / green) on the daily chart.
And they get narrower and narrower as the pressure is building up.
Lets see where this goes.
I was watching HD and it hit me that I should take a look at LOW too. So glad I did. It is on my watch list as I am confident that it is forming a cup & handle. If you look to the left, you will see a previous similar cup & handle that played out beautifully. I think the small difference is that there is no gap to fill. But of course we have to watch and play...
Tenset is an aggressively Deflationary Token with Smart Staking System! You can get this coin on pancakeswap or uniswap or gatevio and more. This has the same staking feature as Rex-Token.com. Staking 10set works via the RFI mechanism. There is no need to freeze tokens or store them in any special wallets. Staking works for everyone, always. This generates passive...
Looking at the chart, seems like the UTAD & Preceded test were successful and the change of character is completed, all we have to do now is wait for the price to break the support line, and look for the LPSY
i don’t own Bitcoin right now, I’ll position myself when the Distribution will end
We are approaching yearly lows here on EU. Price is currently trading at 1.1810 100 pips away from the lows of 31st March @ 1.1706. If we see price bounce from this level it will confirm EUR strength after some recent bearish PA. However, if bears continue to push and create a new 2021 low we can anticipate 1.1624 being tested. Keep this pair on the watchlist!
Related to the Real Estate sector, trade in Hardware and Construction Materials - here represented by the twin titans of home improvement retailing, Home Depot (HD, in green) and Lowe's (LOW, in purple) - can sometimes act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Feb...
First it was Elon Musk, then the China mining crackdown, then the Colonial Pipeline ransom, and now Donald Trump thinks Bitcoin is a scam oh no!!!! What's next on the Bitcoin punching bag? Overly optimistic when prices are high and overly pessimistic when prices are low is how our emotional psychology works plays against us.
The lowest point I see Bitcoin...