Technical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared...
Reasons to sell
Overextension of the RSI on the 4hr
Bearish DIV on 1hr and 2hr
Last time we saw a move like this was 04 Nov 2020 with a 20% correction happening
Strong resistance at $6
Head and shoulders still intact (but subject to change as we are in a bull run and this is a bearish pattern) low success rate in bull runs
Could see price revisit $4.80
...
-My last SPY prediction was spot on and the price bounced right off the bottom support and up to the resistance. As we can see, the price reacted well to the resistance and stayed inside the channel. Candle closed as a possible shooting star candle and Indicators are overbought on the 5 & 10min chart and a pullback to support is very possible.
-I'm short going...
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When looking at XTZ/USDT we can see it battling a $4.50 resistance. it has been rejected multiple times on the Daily TF and as we know, the more a support or resistance is tested the weaker it becomes. With that being said It...
AUDUSD has failed to break the so called resistance and a trendline is forming thus we will wait for a 3rd touch to form and possibly sell on it's break downward. Moreover, fibonacci levels are precisely respected. Will it succeed in breaking the uptrend ? Remember that this one could be in a corrective wave before the storm as the USD can possibly be failing...
1) Red band : VPVR area of greatest volume.
2) Magenta upper and lower bands : area of volume bounded by tested strong support/resistance.
3) Blue dashed band : very strong resistance/support.
4) Yellow dashed bands: Upper and lower areas of support/resistance
All the bands are contained within the angle which BTC could follow to an obvious conclusion. Keep an...
HERE WE GOOOOOOOOOOOOOOOOOOOOOOOOO
CIRCLED AREAS- PAST RESISTANCE/SUPPORT!
UP OR DOWN ARROWS- MOST LIKELY PRICE MOVEMENT!
EXCLAMATION MARKS- CONFIRMATION AREAS!
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The circled areas are where I found the most resistance in the past. Using this hopefully will determine the outlook of the future.
This trade seems more risky then normal as the past resistances never "cracked" all the way.
Buying at the first "!" Is being a little greedy in my opinion and may result in loss, the safest alternative is in the double "!!"...
Scenario 1 : Bitcoin price is on the edge of the trend line. As buying volume slowly lose momentum and longs positions are falling too.I expect that trend line will broke and price will hit at least one of the two FIBO levels which show us zone of support 52.400, here i set buy 60% of position because this price also in the past act as resistance.Next stop is...
Two days back, xrp bumped out of nowhere and all that happened after btc setting new highs. Some say that market has experienced such price movements back in 2013 and if we are repeating that moment we are on a verge of a take off. We must not forget that at the moment xrp is one of the most undervalued altcoin that could provide such unique and useful utilities...
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Bearish hidden divergence.
There are two possible scenarios here:
Scenario 1 - I expect the price to move lower from the current zone.
Scenario 2 - Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the strong resistance zone.
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Using the right tools gives you a completely new pair of eyes in the...
Buy!
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**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
