BNB was uptrend for a while but then broke the trend when it closed below the 416 Support. Now MFI on the hourly is in a buying zone. I expect a right leg up to 430. From there it can either continue to go up breaking 440 and form a new uptrend or reverse and follow a H&S pattern. Right now I would go long with a sl at 405.
((Not a financial...
BNB seems to have formed a new uptrend from the dramatic 30% crash. Fibo + pivot levels are working quite well.
If we see a break above 437 it’s time to enter long with tp 450-465 and sl 417-420.
A break below 405 would terminate the uptrend.
Note tho that MFI is above 75 but in an uptrend it has less significance.
Sooo: here’s the devine SOL
MFI is below 30 and the general “vibe”/ trend is still uptrend. However there’s a short-term downtrend trend line and it’s in an symmetrical triangle price pattern.
I would stay out and watch for a while, tho if I really want to place a bet here I’d go with long.
Happy trading guys.
Investing, truley believeing in a project. Transparency. Value.
Thats how I describe Cardono
1 Eth = stake premieum 50%
1 Ada = stake discount 85%
Bullisg scenerio. Hopium. Good coin to risk managemnt in a bear market. If this truley a bear market? Wave 5 hopium?
ADA gave the best returns in the bull market. Quality token. #1 ADA Stake Coin #2 $Ankr #3...
We can see that it created a cup shape and will create a handle, so if it breaks out above 38,461$ and RSI (14) crosses over 50, we may look for a target of 46,358$ or higher. However, if it continues to decline and gives a breakout below 36106$, we may anticipate it to fall to a target of 33,123$ or below.
Level 1: 38,461$ – Breaks, then uptrend to...
Confirmation bounces of the support and resistance trendlines strengths... AUDCHF will be looking for a break out point at either side for potential profit taking. ALSO take note of the past high/lows if the market exceeds those points its a positive confirmation that an uptrend has broken and a new down trend could potentially be created, or just preparing for a...
Shout out to Elliott with the wave.
We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
Chain Link after a huge boom of Rally, making it lie-under top rannked Cryptos, Possibly a breakout can be seen through the Falling Wedge, Potential Entry is around 50% Fib-Ratio, in support with Over Sold on MACD , RSI and MA"s. Potential resistances on charts are Targets to hit.
I have some channels and ideas for today, lets check them.
I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend.
So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart.
Im looking into a possible Double Bottom on the AUDJPY, if market opens bullish and reach the lvl of 71.238 i think it's confirmed and it's a good bullish move, it can also make a break and retest on that downtrend so we can get a good possibility of a Buy position with a good Risk:Reward.
*Eyes on graphic*
Falling wedge on 15m chart,
Hitting longer term support,
Hitting support zone around S1,
Low volume and low price meaning price will get more narrow,
Lil shooting star on the 15m frame.
Possible Long Position,