#SHIB/USDT #update $SHIB shaped an ascending channel, and price is struggling to break down from the lower line. 🐻 breaking down from lower line of channel can shape a bearish flag and drop price to support zone around 0.786 fib level once again. 🐮 holding the lower line as support will increase price to middle line of channel.
#ATOM/USDT $ATOM broke down from ascending support. 🐻 drop to 0.5 and 0.618 fib levels is a sure thing, just the way can be different. - price can hold the descending trend line and have a bearish swing inside descending channel. - and if break down from descending trend line it will dump sharp.
#WAVES/USDT $WAVES is inside a triangle that is below a long-term triangle. 🐻 if price follow the previous triangle it will breaks down the lower line to touch the descending trend lines around $3.5 and $3.2, and break down from $3 will drop price toward last long-term support around $2. 🐮 holding the lower line of 4h triangle will increase price to break out...
xrp has made a strong impulse movement due to its monthly dynamic support, if it corrects slowly to the prz limit, I will monitor it to enter a buy position with a trigger.
#BNB/USDT #update $BNB hold the support zone and broke out from descending trend line. 🐮 so it is possible that price touch the support zone another time as pullback to broken trend line then start a rally to resistance zone and fib levels. 🐻 in other hand if price break down from support zone next support is around $200.
#DOGE/USDT $DOGE is inside ascending channel, and price shaped an inverted head and shoulders pattern. 🐮 now price is near the neckline of this H&S. break out from neck line will increase price toward resistance zone around $0.67 which is the same with descending trend line. 🐻 rejection from neckline and descending trend line will drop price to lower line of...
#DOT/USDT $DOT is trading inside ascending channel, and now price is near and above lower line of this zone. 🐻 holding the descending resistance and break down from lower line of channel will shape a bearish flag pattern that will drop price to somewhere around $0.57 🐮 but holding the lower line and break out from descending resistance can increase price toward...
#ADA/USDT $ADA shaped a triangle pattern and try to break down from lower line of this pattern. 🐻 breaking down from lower line will drop price to support zones and even can reach $0.4. 🐮 holding the lower line as support, or holding the support zone around $0.425 and break out from resistance zone around $0.44 will increase price to $0.46
#ETH/USDT $ETH touched long-term support zone, and stay above it. 🐮 price can move up to touch resistance zone around $1430 which is the same with ascending trend line. break out from this zone will increase price toward 0.5 and 0.618 fib levels of last swing down. 🐻 also we can see price can make a bearish flag and break dwon from ascending support will...
By analysing the gold chart in the 4-hour time frame, we can see that the price managed to penetrate above $1658 and After the correction down to $1641, it is now trading in the range of $1655. If the support price maintains the range of $1640, we can expect growth to higher levels, i.e. $1671 and $1682! The NEW important Demand zone is from $1614 to $1625...
The price has reacted to this range several times, but the overall concept is not bearish at the moment and maybe this is a fake breakout. For now, I will wait to see the candlestick pattern or a slow corrective trend. If I see a safe position, I will update the analysis.
ccording to the previous analysis, in the weekly time frame, we expected the price to grow up to the range of $1654. This week, price managed to grow up to $1654 in this moments ! We have to see how it will react to our first target that has been hit! 4H TA : The Main Analysis : Follow me for more analysis & Feel free to ask any questions you...