Hello everyone, let's take a look at the ETH to USDT chart on a 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line.
After expanding the Fib Retracement tool, we see that the price is just below the strong support at $1,639, then we have a second support at $1,606, and then we can see a decline to the support level...
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is struggling to stay on the local upward trend line.
After unfolding the Trend Based Fib Extension tool, we see that the price is based on the support zone from $27,407 to $27,089, but when we fall below this zone, we can see the price quickly return to...
For a more detailed analysis, see my former post linked below which highlights many points of confluence for a bullish trend continuation.
Here however I want to focus on our current move as we are approaching a strong upper resistance level .
On our weekly chart, we're approaching a large resistance level in the top of a HTF wedge and the bottom of a large...
It looks like currently we're facing two resistances, if trend repeats as the previous one we could enter to another uptrend.
I have pointed out what could be a good entry point after pass both of them as well as possible take profit points based on Fibonacci Extension.
Any feedback is very welcome.
Regards.
Disclaimer: This is not investment advice and is...
Following the Downtrend on the DAX, price made a lower high and lower low creating a new Market Structure. Digging into the volume-candle analysis the upward move from Wednesday to Friday last week, created under light volume and small range candles. Showing the potential downtrend continuation.
Price rejection on Friday below the 50% fib reveals the strength of...
Hello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the Fib Retracement grid, we can mark support at $215, while if we fall lower, we can see the price return to the support zone from $210.8 to $208.9.
Looking the other way, we see that the price is...
Hello everyone, I invite you to review the BTC to USDT chart taking into account the four-hour interval. First, we will use blue lines to mark the local triangle in which the price is approaching the exit direction. When we turn on EMA Cross 200, we can see that the price is struggling to stay in an upward trend above EMA Cross 200.
Now let's move on to the...
Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the trend based fib extension grid, we see that a support zone has formed from $1,663 to $1,647, and then we have a second zone from $1,604 to $1,581.
Looking the other way, we can see that the...
As we can see, the price remains in an important resistance zone, the maintenance may result in an increase in the coming hours to around $28,000, but when the zone rejects the price, a support zone from $26,382 to $26,135 will be important. The next scenario will take place near the support zone:
Option 1 is to keep the price around this zone and then...
Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high.
Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI.
How Far Can Chainlink's Uptrend Continue?
Looking at the weekly technical analysis, LINK's price has been on the rise...
I invite you to review the ETC to USDT chart. First, we will mark the downward trend lines with a yellow line, below which the price moves. As you can see, the exit from this line was not maintained. At this point, the blue ema crosses the 200 line, which pushed the price back into a downtrend.
Moving forward, we can move on to marking out areas of support as we...
Hello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the triangle in which the price is moving, what's more, at this point we can see that the price quickly dropped from the place where we touched the blue ema cross 200 line, remaining in a downward trend.
Now...
Hello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the sideways trend channel in which the price approached the upper limit. At this point, it is worth determining the height of the channel, because when the price confirms the upper exit and tests...
Hello everyone, let's take a look at the TOMO versus USDT chart on a four-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start by determining the support line and as you can see, the first support in the coming hours is $1.20, if the support is broken, the next support is $1.10, and then we have a strong support zone from...
Hello everyone, I invite you to review the ATOM chart in pair with USDT. First, we will use the blue lines to mark the downward trend channel in which the price moves in the upper range.
Going further, we can move on to marking support areas when we start a larger correction. And here you can see that the price remains at the support zone from $7.08 to $6.09, but...
Hello everyone, I invite you to review the MKR chart on a four-hour interval. As we can see, the price has risen from the downward trend line marked with a yellow line, but currently we are moving in a visible upward trend channel, marked with blue lines.
Let's start by marking support places for the price and we can see that first we have a support zone from...
Hello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. First of all, using the yellow line, it is worth determining the downward trend lines under which the price continues to stay.
Now let's move on to marking the support places. We will use the trend based fib extension tool to mark supports, and as you can see,...
Hello everyone, I invite you to every Friday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend line from which the price has gone up and is currently staying just above the line. However, it is still worth marking...
