It is normal to expect a pullback after a strong rally as momentum-driven buy orders abate and some traders begin to take profits. In fact, the extent of subsequent pullback and its time frame is used to predict the timing and extent of the subsequent rally. After rallying 62% from the low of $0.42 to the all-time high of $0.69 (no pun intended) in 10 hours, DOGE...
As you can see, BNBUSDT is in a major range trend. Uptrends inside the range are losing momentum and their angles getting lower every time. But downtrends getting stronger and their angles getting higher each time. Beside, RSI shows hidden divergence on the uptrend and volume rises near resistance shows selling pressure. This is the BNB situation. If the blue line...
After the recent meltdown of GBPAUD into the lows of 1.74 on DECEMBER 11,2020. GBPAUD is starting to recover and setting up for a rally soon to occur. Looking at the charts, We can easily notice recent lows formed on Daily timeframe such as 1.74340 and1.75620 {marked with black broken lines}. This gives an indication of possible buys coming in soon. We should...
Shop dropped all the way to 1006.21 when the market plunged in March. Since correcting 32% from its all time high, SHOP has been strong as the tech led rally continues. Its earnings are coming up this month and it has showed strength throughout April. It is also trading right above its January range which should serve as a strong support.
RSI, Double Bottom, Value Areas taken into account. RSI, double bottom make me very bullish. I believe that action has been accounted for in what we see already. Using value areas, I would think we will see price gather lower before successfully breaking current ceiling. TLDR: Don't sell, don't buy. Go home.
Hello my friends. Keep it in your watchlist, we have a strong support area in the circle, So if the price give us a return pattern we can buy it . Good luck. If its useful like it please as a support and follow me for next analysis :)
- Breaking resistance - Part of the Coinbase Ventures Portfolio - Indicators confirmation - NEVER RISK MORE THAN 2/3% - ONLY WHAT YOU CAN AFFORD TO LOSE
What are your guys thoughts? We'll see if it will break to the upside and continue its rally into the next fib level. I'm still new to fib retracement, so I might be using it upside down? Anyway, i like the chart. GMB-BTC has the same trends. Thanks for checking it out - please show appreciation if you value my content. **Entertainment purposes only. Not...
BTC seems to be taking its time in correction or retracing before making up its mind about what it wants to do. Coupled with the fact that institutional investment hasn't slowed it seems that our Bull Run has in fact been the result of institutional investing more than anything else. This means the long awaited Alt Coin Rally is still a ways off but that when it...
Goooood evening traders! I dont know about you, but bitcoin is pushing up very nicely to hit the third drive up to the 70-72k area! These typical pattern workout or more often than not! In my book, i find them very rileable which has led me to think we could see bitcoin move to that area by the end of the month a little after! What do you think? Have you say...
Everything is clear on the chart. We also have a head-and-shoulders on daily time frame...
ZEN had an amazing rally this year followed by a big pullback. Finally ZEN found support and is setting up for another rally. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial...
Fundamental Vision ; If you have taken a look at the daily chart of Binance Coin , you have wondered how long this sharp Rally will continue at this vertical angle!!! - According to Gan and Trendline rules, the faster the price chart grows, the more unstable the price becomes because the price growth rate and market volume have grown in a short time and the...
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GBPAUD H4 - LONG We are in a BUY ZONE right now and definitely looking for bullish pressure to move in before buying onto the next resistance zone, which comprises of sellers waiting to take a position.
Pure speculation based on historical chart patterns. and for fun only
Well bitcoin just won't correct. No large correction whatsoever. I would have liked for an ABC type correction to occur, but no, it just continues pumping. So what does this mean? Well, Stoch RSI is healthy due to the last correction, it was enough to let StochRSI fall down from overbought. An overlay with the 2017 rally shows, that we could already be very near...
I strongly believe eth will copy the pattern of the last weeks action. And of corse these are not financial advice. :) Good luck.