MFI shows a bullish divergence and a pullback up is possible but the overall trend is still down LL and LH. Very high probability for the price to pullback up into the VAL line and the strong resistance level before doing down again . Enter short after the pullback up completion and a reversal candle stick while MFI still below 50 level Good LUck
🔍 let's delve into the RNDR project. RNDR, short for Render Token, is a project aimed at decentralizing GPU-based rendering solutions. It leverages the power of blockchain technology to connect users who need rendering work done with GPU owners who have spare processing power. This innovative approach aims to create a more efficient and scalable rendering...
Penny stocks are excellent fun during market volatility, they move as fast as crypto charts. Thusly chart patterns reveal themselves with pace. On the above 2 day chart price action has corrected 90% since October and even more so since Oprah Winfrey decided it was time to exit. Now is an excellent long trade. Why? 1) Price action and RSI and MFI resistance...
On the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why? 1) A buy signal prints. 2) Price action and RSI breaks out from resistance. 3) The BTC pair matches points 1 & 2. (Chart below). 4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t...
By taking a deeper look at Daily chart we could easily see a bearish move! Latest reaction was to top of the channel an we are going to reach to bottom of the channel. However, We see the RSI is forming a trend line which seems hard to be broken down. I think we could see a reversal to MA of RSI. So we might have one or two range days. Therefore we are both ready...
On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left. 3) GRM support has already confirmed. 4) The falling wedge...
Hey Rich Friends, Happy Tuesday. I wanted to share my technical analysis on why I think USDCAD will sell. Remember to cross-check the indicators you have on your chart and check the news. - The candes have already rejected a previous supply zone - The 10 EMA (purple) has crossed above the 3 EMA (Blue) and this is a strong sell confirmation for me - The...
🔍 Let's dive into today's analysis. The market shows a bearish momentum, and the coin we are analyzing today has the potential for a sharp drop in the 4-hour timeframe. Bitcoin Analysis 📉 Starting with Bitcoin in the 1-hour timeframe, the support level discussed yesterday has been broken. The price has now reached the trigger at 65197 and may start correcting and...
Ultra low timeframe v.high risk trade: Sold some after claim. But bought back in again at ~0.25 USD. Setting sells at around ~0.3 USD with a trailing stop loss. Optimistic reminder to self: Even if failed to hit target and left holding ZK instead, already increased initial ZK holding by a small % at the initial re-buy in point for longer-term hold; ZkSync...
Price Moving Downward, while MACD gaining momentum upward. Good chances of going up in the coming weeks.
According to the oscillator, I expect the price to rise
Firstly a big thank you for taking me past the 10k likes on Tradingview. That’s a great milestone and tells me the ideas must be appreciated. If it is okay with you I’ll continue to share them freely. As a thank you for taking my ideas past this milestone I want to share the idea that will challenge 95% of those reading. You will just not believe what is about to...
The alt-token market offers some interesting opportunities following retail capitulations. At this moment there is a handful of plays that generally exist under the $100m market capital evaluations. It is worth noting some of my best first long exposure to alt-tokens were below this market cap. That includes MATIC (idea at bottom), and Solana, and Cardano. How was...
Fetch.ai soon to be ASI (Artificial super intelligence) after the merger with Singularity (AGIX) and Ocean protocol (OCEAN) has been a victim of the recent altcoin market drawdown. As on of the leading projects in the AI space, FET surged to a high of $3.47, since then price has been retracing back down the range created by the rally previously. BEARISH: Now...
MKR like to move independently , this is the backtest of last years large cup formation breakout area at M EMA 123 in D OS. This would be a historical RSI highly likely Monthly Higher Low fish trade. GOING LONG
Multiple Divergences on $FET! After the local downtrend, a bottom is going to be in this area. Patience.
On the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Broken price action and RSI resistance. 3) Price action is testing past resistance (green line), look at the weekly chart below. 4) Price action has corrected to the golden ratio (see weekly chart...
The Relationship Between BTC Spot and BTC Derivatives: Analyzing Market Dynamics Bitcoin (BTC) has evolved from a fringe digital experiment to a mainstream financial asset, attracting investors from all corners of the globe. Understanding the intricate dynamics between BTC spot prices and BTC derivatives markets is crucial for market participants. This essay...