After monitoring this one for the last 10 days, we have seen a lot of things, starting with a nice breakdown and also the price teasing that 100EMA as well. The price remaining below the 100 EMA and the resistance zone, which is a bearish indicator for us, further confirms the breakdown we had. We are still keeping an eye out for that lower support zone to be...
Trice is hovering near the 100 EMA and the lower side of the trending channel, suggesting a potential weakness. Despite a recent small bounce, the Fear & Greed Index shows a greedy market, hinting that the bullish sentiment may not hold for long. This scenario, coupled with an overbought market, raises the possibility of a short squeeze or even a continuous...
The price has reached the anticipated resistance zone, currently demonstrating strong holding power from sellers. Furthermore, the RSI exiting the overbought zone indicates the beginning of a potential bearish trend. This combination of factors—the resistance hold and the RSI shift—suggests that traders may start to see a downward trend in price. Now waiting to...
We see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones. We're on the lookout...
On a weekly timeframe, our attention is still on reaching the lower side of the triangle formation here. We see that the price just keeps rejecting that zone, which indicates a potential movement to lower zones here! We are holding our eyes open for some sharp movements here and we are going to start slowly shorting ETH as well!
CRO is exhibiting a tight consolidation pattern, with prices fluctuating between established liquidity zones. The market has made several attempts to break out, but none have proved decisive yet. Resistance at $0.10975 and $0.1069 define the current price action's boundaries. We are watching for either a strong downward push through supports or a potential move...
With markets being greedy and prices being overbought, we are not seeing much bullish movement here (at least not for long). We are still seeing signs of turnover; the only question is, when? As the surge of the $40K zone is increasing and it is acting almost like a magnet, there is a chance of having a shorts squeeze near this zone, but as soon as we reach it,...
The weekly chart for Bitcoin shows that the price has failed to hold above the resistance zone and the $38K level, closing below both and indicating potential bearish momentum. A new week has begun with a move down from $37,500, suggesting that the bulls are losing their grip. The $29,850 level is a significant point of interest; a fall to this support could...
Bitcoin's been testing our patience at the $38K zone, but it's clear: the bears are itching to drag it down to lower support levels where every attempt to breakout from $38K has been surpassed (even strong liquidations). Now, with all eyes on the upcoming Halving in April 2024, we're on high alert for market maneuvers. History's got a way of repeating itself, and...
SOL/USDT shows a recent re-test of the middle line of the Bollinger Bands. As we see, we had a nice push from there, but there is potential for another re-test of that same middle line. We also see that the RSI's yellow line is still in the overbought zone, suggesting that the price could potentially decline as it did the last time it was in this condition,...
DOGE coin has caught our attention here in a 4-hour timeframe, where we see that the local trend has been tested many times with liquidation grabs. This shows the strength of sellers as they try to break that trend and potentially lead the price to that lower line (dotted red line). While last attempt failed to break the trend, we are still going to wait for some...
As we can see from the chart, there is a clear pattern correlation between Bitcoin's price and the RSI (Relative Strength Index). In the past three cycles (on the monthly chart), the RSI exhibited a significant gradual upward movement, coinciding with Bitcoin reaching new all-time highs (ATHs). In the current, fourth cycle, we are observing a similar pattern to...
The price is currently testing the 200 Exponential Moving Average (EMA) zone, which is often considered a critical level for maintaining bullish or bearish trends. It appears that the 200 EMA zone has been broken, suggesting potential bearish momentum but the breakdown was too quick without securing this zone there. In addition to that the Fair Value Gap (FVG)...
We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone...
We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the...
Hi Traders, Investors and Speculators of Charts📈📉 As I've said before, I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth...
Hello Everyone 🙋🏽♂️ Oversold + Demand zone 🟠 EP 149.635 🔴 SL 149.065 🟢 TP1 150.225 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 150.805 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 151.415 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot...
Notice when ETH/ AMC correlation corrects, AMC runs. Currently, RSI, Macd, and price is double topping on Eth/AMC. Again, this is ETH compared to AMC price. not prices overlapping two charts. A run for AMC is due on the charts, but only until we break patter/ trend line will a massive squeeze start.