Today MFI daily has reached the same oversold level as the bottom of July-September capitulation period. Fractal of July-September fall looks interestingly similar to the fall of September. Both drops reached the golden pocket fib levels of around 0.6 which is not surprising. Will ADA repeat the same story? Are there enough fundamental news coming up in the...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC is moving in a range-bound territory over the past few days. BTC dominance is just above the 42% mark. Although the overall momentum in the crypto market is bullish currently, BTC...
Stock is set to shoot up again, just look at the APX on the charts DI DX levels are raising which means this is set to short squeeze again.
I've been dca'ing into MFI/WETH since 2m mrkt cap and I think this one does at least a 10x from here, maybe more once eth and avax runs up and profit taking trickles down into these low cap gems. Against usd, ATH was $3.93 back in April, down 81%. Easy 10x IMO/E. 100x isn't out of the question either. MFI allows staking with very high APR (25% so far) on...
After the previous local correction we are now well on the way to our next targets and slowly shifting bias from short-term bullish to cautiously bearish. With volume steadily decreasing, giving us divergence on the 4h MFI and the daily MFI entering the critical zone (70-80), we are currently approaching a few key price targets at 50.345$ (already reached) and the...
BNB seems to be going sideway/ slightly uptrend between 405-440. It failed to break above EMA100 so that is still our resistance for now (but once broken the uptrend will be strong). Most recent prices are above EMA30 which is a confirmation of the uptrend, in addition to higher highs/ lows. I would wait for MFI to be below 25 and place my long entry as long as...
422-425 looks like a strong area of resistance for now plus MFI is over 75. We may see a breakout below 403, confirming the double (tripple?) top pattern and a retest of the 382-383 level.
Ive been looking into two stocks recently, NVDA and SPY, and they both look extremely overbought. I mention SPY only because NVDA is apart of the S & P 500, Ill upload my SPY short analysis soon. However if you look into the weekly chart on the left it has broken out of an of what appears to be an already overbought channel. This channel dates back to 2018, where...
Algorand (ALGO) has formed an ascending triangle pattern on the 4-hour chart. ALGO has been following a higher rising trendline but found repeated resistance around the $0.924 level. We’re currently at a point where the price can soon break on either side as the price congestion is becoming tighter and tighter. Ascending Triangle Price Target In technical...
Reviewing the 2017/2018 cycle, BTC price consolidated in a descending triangle for several months after reaching the ATH. During this period, the MFI was in a descending trend. The MFI declined until +/- 2.6 before higher lows. A similar patter can be for the 2019 cycle but not highlighted in the chart to avoid confusion. Looking at the current developments,...
Broken RSI MFI - Above 420 will cancel bearishness - Otherwise minimum target is 390 around 162% fib or 383 at 200% - from others side indicators are sold and going to low levels which will make it good opportunity in case drop hard to go long or quick bounce from the new bottom but as of short time looks more bearish then possible long entry for the rest of the...
Hi, I hope that u have a great day. Bitcoin Analyze ( BTCUSDT Perp ) Timeframe 1h ( Short term ).📉 If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle . In this...
Here we have a 4h chart of BTC over the last week or so. What I'm looking at is the MFI divergence. MFI is a good indicator to confirm failed signals or reversals. We see bearish divergence here, which is a good indicator that we will see a downward breakout of the current consolidation period we have seen in BTC. I hope this helps you decide for yourself what...
2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.
MACD Bullish Divergence, Oversold Stochastic, Oversold RSI, and the MFI is rebounding from Oversold territory after hitting a 1.13 PCZ of a 4HR Bullish Shark I will be longing and targeting the 50 percent retrace from high to low and expect to see the AUD potentially continue it's downtrend after hitting the 50% retrace to confirm a potential Bearish 5-0.
MACD Divergence, MFI Overbought, and Momentum tilting downward. We may see a Pullback from these extended levels down to 1.072. Stoploss at 1.09
ETH in the next few hours will probably react strongly to this level
Targeting slightly below the 21SMA for this one.