With a nice bounce of the support zone and successfully clearing it, there may be a case for $BTCUSD on the upside slightly for a quick gain here. If it clears the 13 EMA there is some separation between that and the 50 EMA to make around 25-30% and get out. I wouldn't want to hold a position with FOMC upcoming and strictly for short term upside. Long term, there...
The dead cat bounce was retraced last week along with all other markets and hit the trend line nicely. If we break the support zone highlighted (which is a major leve) the next stop is around the $16,000 area (which isn't a strong level at all) and then $11,000. We haven't cleared any trend line and have respected the 50 EMA for over 5 months now. For investors,...
MATICUSD has hit this support zone multiple times with a bounce to the upside but never making it above the 200EMA. And here we are again with the same story. We have oversold on the RSI levels and still significantly in a downstrend, BUT a good opportunity for a decent quick move and profit. I think it can clear 13 and 50 EMAs easily as those have not been...
Playing off the momentum train here with BTCUSD. Saw some consolidation around $21450 and short term support, decided to go long here also reaffirming from the daily chart and looks like nice space in between major levels. Arrows represent the present levels of rejection BUT something to note and the main reason I took a BUY for this on the hourly, all of those...
If ETHUSD can clear this resistance zone, it will be smooth sailing potentially to the 2K area. Took this trade earlier in the afternoon and capitalized on the short term on the uptrend here. I saw an opportunity to catch this and expected a bounce off the 13 EMA as its uptrend trail has done this multiple times. on the hourly and didn't see any signs of slowing...
LINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the...
*** *** For this particular analysis on the BINANCE COIN we are using the BNBUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where BNB is consolidating following the strong selling of the past 3 days. We are below the 4H MA50 (blue trend-line) and the 4H RSI recovering from a deep collapse below the 20.00 highly oversold levels. The...
*** *** For this particular analysis on COSMOS we are using the ATOMUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Cosmos has been trading under a Lower Highs trend-line since April 03 2022 and the 1D MA50 (blue trend-line) since April 06. The trend remains bearish towards the next Fibonacci levels (2.5 at 6.163 and 3.0 at...
*** *** For this particular analysis on STELLAR we are using the XLMUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Stellar Lumen has been consolidating since its May 31 short-term High, which is still a Lower High within the Channel Down pattern that started in November 2021 and more importantly having failed to break above...
*** *** For this particular analysis on DECENTRALAND we are using the MANAUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where Mana has been trading within a Channel Down since the May 14 High. That is still a Lower High within the general bearish trend and the Channel Down keeps it that way. There is a level, which if broken, we'll...
*** *** For this particular analysis on LITECOIN we are using the LTCUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Litecoin (LTCUSD) has been trading within a long-term Channel Down since the May 10 2021 High. On May 12 2022, the price hit the bottom (Lower Lows trend-line) of this Channel Down for the first time since June...
*** *** For this particular analysis on SOLANA we are using the SOLUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where the 1D RSI broke into the heavy oversold zone, which last revisited back in late January 2022. The price then entered a long-term consolidation, trading sideways until the 1D MA50 (blue trend-line) broke but still...
*** *** For this particular analysis on TERRA we are using the LUNAUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D chart with the blue trend-line being the 1D MA50 and the orange trend-line the 1D MA200. As shown, LUNAUSD has been trading within a Channel Up ever since its December 2021 High. Two Higher Lows and another Higher High have...
*** *** For this unique analysis on ETHEREUM we are using the ETHUSDT symbol on the Phemex exchange. *** *** The idea is on the...
looks juiced IMO, can make a run to .15-.18c soon. Just needs some volume action. Let's see.
ZECUSD Support Resistance Level. Wait for a close above 152.71 level. After the close, watch for a price action signal.
THOUGHT I WOULD MAKE A CLEAN NAKED CHART FOR EVERYONE SO U CAN CLEARLY SEE THIS HUGE BEARISH PATTERN THAT WILL MOST LIKELY GO TO TARGETS AS LOW AS .8 CENTS, WOW sorry for all you dodgy bag holders, just remember buying oppertunity later and great short trade now for a win win double profits and double/triple your bags. SHA256BITTRADER