💎Technical Analysis Summary💎
-SingularDTV is retesting major support area at 56s sat
-This area has been tested 3 times and we saw strong bounce up
-Will history repeats itself? or this price will break down lower?
-I can't tell what will happen but to reduce the trading involve
-My advice is to wait for proper reversal confirmation or...
SNGLS is looking good on daily chart, we had break out the resistance line and successfully retest is as a support, also we have regular bullish divergence on Stoch RSI and on Awesome Oscillator.
I think we will retest 150 sat resistance zone soon, It is the perfect moment to put some buy orders.
-During the strong breakout of Bitcoin recently
-Most Altcoins pulled back to their previous support areas
-While this coin, the price went back inside the descending triangle
-If currently level will not hold, it is likely to retest key support at 73 sat
-Before potentially try to challenge the descending trendline at around 90 sat range
SNGLS is having a good support zone at 75-80sts, we can buy SNGLS in this area and wait for the strong pump to return to the 100sts zone of the previous days and can even increase strongly to 120sts and 150sts. and 200sts zones
But if this 75-80sts zone fails to hold, we will sell and wait to buy back at the 50sts zone but I think, this probability is not high
After a strong bullish movement, the correction came in the same proportion, since then we are within a bearish channel for this asset
I would wait for this asset to start forming a bullish structure, with higher highs and higher lows, otherwise, I think the downtrend movement will continue.
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SNGLS has big chance to re-test the super resistance at 150sts
Remember this is the last resistance of SNGLS, so if it breaks out from this point, its target would be super high such as : 200sts or 250sts
If you have no SNGLS, you can start to accumulate it to 110sts
Be careful if it drops below 98sts
-the price has retraced over -50% from the top 220 sat
-can we expect a bounce reaction at 200D MA? & .786 fib?
-I can answer it but there is a high chance
-provided reversal signs are seen like buy volume or green candles
-we will have to observe this coin the next few days
Today I would like to make it simple and start with BIG THANK YOU
for the support as it is keeping this FREE informative channel for you alive.
Chart is simple and self explanatory
Keep in mind that this is very volatile and risky asset
trading, bitcoin , bitcointrading, profitable trading,...
>>> Bounced from 21 daily MA on June 9th.
>>> Breakout from descending triangle structure with daily candle close.
>>> 157-165 acting as resistance atm. If price breaks above 165 and flips this resistance level into support, then its bullish.
>>> Next major resistance in case of breakout will be 248-262 (~60%).
SNGLSBTC just broke out of a symmetric triangle.
Stochastic RSI bottomed out and reversed indicating exhaustion in the bears.
Daily MA shows a golden cross indicating bullishness ahead.
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SNGLS/BTC is forming a bullish accumulation pattern called symmetrical triangle, the entry price is above this accumulation, but be careful, we have an important resistance level around 180 sats.
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