FTM has seen a lot of growth the past few months, however it is due for a correction.
Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave,
should we get that same retracement, FTM will be on a discount price at just below $1
Coupled with the bearish Divergence it seems just about right to me.
Important things to note:
BTC is close to finishing its correction.
BTC hit 56.5, I told everyone it might go to 56.4, close enough.
BTC will have to push up above last low to insure bullish movement.
It looks like BTC is heading lower than I expected. I still think we are nearing the end of the pullback.
Unit then BTC will bounce around until the move is...
Bitcoin is making Pullbacks these days and then it goes down more.
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰ ( Log Scale_Line )
Bitcoin passed the first Pullback when it lost SMA50 and yesterday it broke i mportant Support line , and today we are watching the second pullback . I am expecting that Bitcoin will go down more than the current...
As can be seen in the daily chart,doge complete the pullback to the valid trend line.the range of the 16 to 21.6 cents acts as a strong support area.35 and 45 cents are important resistance.this is an educational chart and you made a deal based on your opinion.
W1 - Price is bouncing higher from a key support zone formed by the 100% Fibonacci expansion level of the first wave.
H4 - Bullish trend pattern.
Bullish hidden divergence.
Until the two strong support zones hold my view remains bullish here.
considering pump of Bitcoin at 53500 level , expecting bullish market in the coming days
DOTUSDT is in a perfect situation to reverse . we are at the bottom of channel with the best reversal strategy based on candlestick pattern called "Pinbar" at supporting levels
we can also see divergence in RSI that could help
we may have a problem with the 38 resistance...
Hello guys, welcome back.
everything you need to know is written on chart, probable targets are drawn with red line.
I'd suggest you guys close the position in the first profit as we are still in the triangle, if we broke the triangle, we might see a pull back, there you can again enter this trade.
its not a financial advice, be careful.
Vechain broke out of the downtrend a month ago and made a minor correction since the beginning of this month. Currently, it retested the trendline and found support at 200 EMA. Also, we can see the Green Buy signal on VMC Cipher B indicator. This is a great confluence to enter or accumulate more.
This is not financial advice please DYOR. If VET doesn't hold...
Polkadot has been correcting since the ATH and is heavily impacted by BTC. DOT is almost 37% below the last ATH despite all the bullish hype such as parachain auction. The question is where should we buy or accumulate more DOT?
Currently DOT finding support at 200 EMA and 0.786 fib if it bounces from here and breaks the trendline then we will see a massive rally....
The DXY has just broken above a previous level of structure resistance & there seems to be a good amount of open space before it reaches the next level. If we can get a pullback into the previous level of resistance that we would look to act as the support, it would offer the opportunity to get involved in a bullish continuation trade.
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Friends, keep in mind that bitcoin is a resistance
It is heavy, which means that it may not be able to continue to progress
And in the event of a fall, there are two areas of support, the first support
Level 1 is Fibonacci if done in case of short correction
Level 1 is suitable and in case of long correction the range is 53136
It will be...
*** Trade at your own risk! ***
Here is the summary of the setup:
Market was in Uptrend
MACD showed Divergence
Strong Bearish Momentum Movement
Due lower High + Low --> Trend Change
Turn around at Selling Area expected --> Trade Short here
Trend Continuation expected
If you have any questions or another point of...