Everybody is now looking at the ascending channel on the weekly and i also saw it but at 34k (you can look at my profile). Now everybody on YouTube is talking about it and that is why i think that we are going to break it to the downside to make them even more bearish. So i think we are going to low 30k levels even maybe slightly below. This huge falling wadge has...
SHORT_TERM_ANALYSIS Descending channels here can be short-term fall for the price and if the price manages to break channel resistance market is once again bullish here and we can expect local pump and rise after that. Notice: Only if the green support zone break market is bearish and the price can fall more. <>
Looking forward to this, and perhaps a better entry ...for a good RR SHORT to midline of channel. I MAY consider long entry once TP is hit.
Hello everyone: Been on vacation this last week and haven't been posting much. I am seeing some bearish development across the crypto market, and will pick out some sell potential. Here on ETH, after price breaking ATH, we did not see continuation price action. Instead, a potential double tops, ascending channel reversal structure formed, and reverse impulse...
Hello traders Most of the indices are looking pretty bearish across the board. Here for the ASX, after the bearish impulse phase down, price had formed into an ascending channel reversal, and a "M" structure at the top. These are good sign of bearish development, that could continue the bearish trend. Last Friday we also see price commit to the downside more...
Hi traders: Also on my watchlist for short term crypto bearish move is MATIC. We can see a clear, higher time frame double tops, and price move up to the highs correctively within the ascending structure. After hitting the ATHs. no bullish continuations, instead, a bearish reversal from the top. Now that price is pushing down impulsively, watch for the...
As i told you at 44k we had hidden bearish divergence on the weekly and bearish divergence on the daily, point of control, daily resistance level and golden pocket. On the top of that we had this bearish pattern called rising wadge that we broke to the downside so it was clear to me that we are going down. At the moment we are at the support levels where i am...
Happy weekend all! 😃 Hope you are all having a great Saturday! Left 1H BTCUSDT (bearish pattern, descending triangle at the bottom of a downtrend) & Right 1D BTCUSDT Not much to say here, to see the exact support and resistance levels check out my post here from a few days ago 👇: ------- Most likely BTC will be riding the support here until beginning of...
BNT is ranging since May 2021. Support that built at $2.66 on June was tested again one month later in the form of a fakeout. In January 2022, price passed through $2.66 and found strong resistance in the high demand zone between $2.30 – 2.08. In the 4H LTF, BNT was accumulated between 22 Jan. and 05 Feb. That in conjunction with the long tail candlesticks - in...
Salaam Good day VET makes a descending channel that is also considered a bull flag or reversal sign. now VET broke the rising wedge that coincidence to the channel resistance and returned. I focus on the 0.05 area which is a long-term's key level and target of the rising wedge. Do your analysis first before entering any trade. You should have enough...
Salaam ETH is located in a descending channel that is a bullish and reversal sign. I prefer to buy at the channel's support line that is near the long-term key level at 2620. Also, could wait to break the channel to the upside. Manage the risk, Good luck,
Hi Traders, CADCHF is consolidating within a bearish continuation correction which with the Global events occurring I suspect CHF to gain strength. Price action clearly shows sharp impulses after the corrections complete and with the Russia and Ukraine tension happening, we may expect another impulse move downward. Always wait for confirmation before taking...
Salaam Link are gong to break the descending channel. You cold wait for break and retest but personally I've entered. Good luck,
SOLUSDT, According To This Descending Channel, 80$ is coming! We can see that Sol is moving in this descending channel, So we expect to see more drop up to the bottom of the channel and static support area. According to my analysis on SOL, $82 will be touched easily! The important question is that what will happen after that!? At this moment, I can't predict...
Hi Traders, Looking at NZDCHF, we can that price impulsively pushed down from mid 0.65 which made bearish continuation which then pushed down further creating another continuation correction. Price is moving within an LTF ascending channel which we should see a drop to the lower boundary 0.611 range. As the Global events happening between Russia and Ukraine,...
If we're going to see alts continue to gain in dominance, it needs to turn around here. That's not to say that it couldn't ride the bottom for longer before it turns up, but we shouldn't see it drop much lower. Lose the channel and expect it to move down more before up. Bitcoin dominance looks like it's very close to moving down, having created a wedge here...
Based on the chart here, the price is still stay above the channel support ✔️ and we have major support here for the price too ✔️ and we can see gain for the price from here or after the completing the retest of the channel 🚀 if the price breaks the upper resistance located on the chart, we can see more gain 🚀🚀 Please, feel free to ask your question, write it...