My recent idea of a rising wedge bearish continuation pattern may be invalidated at this point because of ETH's pop up the 3k (unless i'm willing to accept the blemish of a large fakeout breakout). However, it still remains that things are looking overheated on multiple time-frames (w.r.t regular candles). Moreover, volume has been decreasing throughout this...
It's a stubborn thing. Let's see how it handles. The first area for a rebound is marked. And next week I will publish a weekly chart. Hopefully.
As I predicted before, Bitcoin has started an uptrend (possibly short-term): In the Ranko chart, Bitcoin respects the support area of the Ranko MA channel and forms a green brick. The bitcoin target will be the middle line of the channel (33500-34500$)
As can be seen in the chart, Bitcoin is in the Support zone: 1- It is on the border of the Komo cloud 2- Above the support of the moving average of 40 3- ABove the support level of the Swing Zone Bitcoin's reaction to this support area will affect its short-term and even long-term trend
BNB has confirmed a downtrend. it breaks down the range area under the Ichimoku cloud. the first target is 405 $
Hi It seems FXT is preparing for uptrend. Brick indicator shows an uptrend signal. Also we can see positive divergence on RSI
Renko BTCUSD Down Things are very difficult, it may come down more with more caution and then caution This is just a simple and humble analysis
Hi Bitcoin is declining towards its support in the range area. If it breaks down the support at 45899, the next target will be $ 35,000
Bal is in an accumulation area. it seems Bal is preparing for an uptrend
I got rid of the noise by using Renko bars and saw a potential Bear Expanding Triangle in development. An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the pattern develops because...
Double bottom using renko chart a few days ago. Longterm target to create all-time high using renko chart at 3.71. Very attractive risk reward ratio of 5.71. With a possible gain of 436% if reach the 3.31 TP area. Support at previous bottom of around 0.14. Trade Cautiously.
Bullish divergence a few days ago. Resistance around $4.5 while support at $1.98. Risk reward ratio seems attractive at 3, with possible gain of 71% if 4.5 got hit and possible loss of 24% if stopped out at 1.98. Trade Cautiously.
Greeting Traders. This is EURUSD 4hour chart and I have put Renko Analysis in this chart and also have a moving average with Renko. And moving averages serve as support and resistance. Thank you. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
One more renko chart and will hit the longterm resistance area. Breakout to that level could possibly reach 1,900 longterm target. Support around 479. Trade Cautiously.
Just one more renko chart and will retest the all time high. Breakout to that level could potentially hit around 29K. Support at 17k. Trade Cautiously.
First trade set for the day. Be on the look out for updates. Target is 20 pips, SL is 20-25 pips