Status looking for a bullish fib transition within a rising wedge through the 1.618 fib line
Rising wedge is a bearish pattern but bullish momentum provides an opportunity for those looking for short term
For those looking to long there will likely be a breakdown of the wedge
Priceline of Status / Bitcoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000146 to 0.00000144
Sell between: 0.00000149 to 0.00000155
Regards,
Atif...
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000500 to 0.00000460). if so, traders can set orders...
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000460). if so, traders can set orders...
Technical analysis:
. STATUSNETWORKTOKEN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000460). if so, traders can set orders...
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000505 to 0.00000460). if so, traders can set orders...
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000460). if so, traders can set orders...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000530 to 0.00000460). if so, traders can set orders...
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of...
Technical analysis:
. StatusNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of...
