Evening Traders, Today’s Technical Analysis – USDCAD – in a probable descending triangle formation, support and resistances are converging thus a breakout is imminent. Points to consider, - Trend bearish – consecutive lower highs - Clear resistance line to breach - Structural support being tested - RSI diverging from price - Stochastics projected...
Evening Traders, Today’s Technical analysis will focus on EURUSD pairings, a clear monthly resistance pushing price down while support holding true – price is nearing its APEX. Points to consider, - Trend bearish (consecutive lower highs) - Multi-Month Resistance line respected - Structural support tested - RSI neutral - Stochastics in the lower...
Evening Traders, Today’s technical analysis will focus on ONT/BTC, breaking a key level with conviction; an S/R flip retest is likely for a trade entry. Points to consider, - Resistance breached - S/R flip for confirmation - 200 EMA immediate resistance - 21 MA confluence (upon S/R Flip Retest) - RSI in overbought - Stochastics in upper regions...
Evening Traders, Today’s technical analysis will focus on MATICBTC, breaking out of a symmetrical triangle with strong bull volume, currently facing resistance from the 200 EMA. Points to consider, - Macro trend bearish - True pattern breakout - 200 EMA is local resistance - Retest of local support probable - RSI in overbought region - Stochastics in...
Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower...
Evening Traders! Today’s Technical Analysis will be on a currency pair - GBPUSD, with a strong oversold bounce, now left trading within a small range. Points to consider, - Macro trend bearish - Structural resistance confluence - Support confluence - RSI testing resistance - Stochastics in lower regions - Volume influx evident GBPUSD has been...
The first Anaalysis for 1D, 1H and 15m Trendline anaysis.
Cryptohopper Newsletter The market has been very volatile over the past month with Bitcoin crashing 65% to 3,800$ . The price has since made an astonishing 80% recovery in one week from March 13th until the 20th. Following the recovery to almost 7,000$; the price has continued to range between 6,900$ and 5,600$. During the crash, many traders have attempted...
Evening Traders! Today’s analysis will focus on EOSUSD which has been in a defined downtrend, currently testing a key resistance area that has multiple confluences. Points to consider, - Bear Trend – Consecutive lower highs - Resistance confluences (21 EMA, local resistance. .236 Fibonacci) - Define down sloping trend line - RSI testing resistance...
Evening Traders! Today’s technical analysis will focus on REPBTC, in a valid broadening wedge formation with a failed partial raise at structural resistance. Points to consider, - Trend bearish – consecutive lower highs - Structural resistance being tested - 200 MA – local support - RSI trading in a channel - Stochastics in upper regions - Irregular...
Evening Traders, Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance. Points to consider, - Daily trend change ( Triple bottom) - Local support confluences - Structural resistance respected - RSI testing support - Stochastics in upper regions - Declining volume nodes...
Evening Traders, Today’s Technical Analysis will focus on LINKBTC holding local support as the 200 DMA and DEMA approach – historically being pivot points. Points to consider, - Trend bullish – Consecutive higher lows - Local support holding - Resistant to break for continuation - RSI in lower regions (Flat) - Stochastics in lower regions (Flat) - Volume...
Evening Traders, Today’s analysis will focus on BHP, sellers are in complete control after breaking key technical levels. It has been rejected at a technical point that will dictate the overall trend in the coming weeks and months. Points to consider, - Strong bear break - 200 WMA – Current resistance - Local support respected - .618 Fibonacci in confluence...
Evening Traders, Today’s Analysis will focus on BNBUSDT, forming a bear flag under structural resistance, a confirmation will likely test structural support. Points to consider, - Trend Bearish - Structural resistance being tested - Structural support likely target - RSI lower high projection - Stochastics in upper regions - Volume below average BNB’s...
Evening Traders, Today’s Technical Analysis will focus on UBER, with an insane oversold bounce, over 100% gain, currently testing a key resistance that will dictate the overall macro trend. Points to consider, - Oversold bounce still in fruition - Structural resistance in confluence - Stochastics projected up - RSI hitting resistance - Noticeable bull...
Evening Traders!, Today’s update will be on Silver, which has breached an important weekly support, now potential resistance upon a retest. Points to consider, - Trend bearish (lower highs) - Back test of Support likely - RSI in oversold conditions - Stochastics in lower regions - Volume climax evident - VPVR currently flat Silvers overall trend has been...
Evening Traders, Today’s Technical analysis will focus on distinctive levels on ETHUSD, currently holding its local trend line, a break will likely send it to lower support ($100 psychological level). Points to consider, - Trend bearish - Local trend being tested - Confirmed bearish retest - RSI testing support - Stochastics in lower high projection - Clear...
Evening Traders, Today’s analysis will be on IIPR, breaching structural support and currently is testing pitchforks median line (resistance) Points to consider, - Bearish trend, consecutive lower highs - Median line tested - Structural support breached - RSI recovering from oversold - Stochastics in lower regions - Volume climax evident IIPR’s overall...