In my trading view, it's a bit dangerous if trading at this level. The Index is nearing Old High, but that is still on Lower Channel Line.
I have 2 scenerios:
1. The Old High can be a strong Resistant Level and makes a correction. However, placing a Short is a danger in the short-term uptrend until seeing a clear reversal signal.
2. The Index is on the Lower...
I could see something like this play out.
Moving averages are the 50 week and 200 week but put on the daily chart (350 bars and 1400 bars)
Daily Chart Coinbase:
Weekly Chart Coinbase:
Bitstamp Weekly Log Chart:
Bitstamp Daily Log...
Hi ladies and gents. Outline above are the most significant levels for XRPBTC as of now. We should be paying attention to Daily and Weekly timeframes violation of these trends and place longs in either of those demand rectangles. Similar confluences are found on monthly supply and demand trendlines.
Another biomed related post today by request.
BMY has double-bottomed as bulls grab a little control today on price.
The stock has respected the BBands and is looking to move to the neutral region.
The RSI teased in the oversold area, and price has responded with one of the two strong bull movements in the past four weeks as far as price movement...
We are looking at a very interesting trade opportunity (such perfect chart patterns are hard to come by) in QSP. With their network launch just around the corner, quality development & all the right things on the chart, its a definite buy. Levels on the chart.
Moving away from the typical crypto posts today.
We are checking out MRK.
This stock has seen some hefty losses in the past few days, pushing the RSI into a oversold area
The increasing bear volume has not been supportive, and the price is breaking past the .382 fib level.
The stock is looking to find support, but the last few days have not...
Here's one of my favorite shitcoins because of the illusion of muh good fundamentals and we all are obviously in it for the technology. So here it is... interesting price levels zones for ZENBTC I am watching.