The British pound has moved to a fresh weekly high against the greenback, as the US dollar index comes back under selling pressure towards the 94.00 level. The GBPUSD pair continues to retain its intraday bullish bias while trading above the 1.3113 support level. Buyers may attempt to break the 1.3200 level, while sellers may also be looking to enter the market ...
DGD did a 100% retracement and 5k sats is a strong support.
RSI is showing a bullish divergence, also shows that we will hit the support atleast 1 more time.
I exspect a push to 10k satoshis, which equals the 100 MA.
Put your stop loss tight under the support.
Good luck and best wishes
Esp1t
The current price action on $ETHUSD might be a test of the upper bearish trend line which goes back to the ATH in January. Depending how exactly you draw the line (e.g. use wicks or not) it appears that the current price drop might be a throwback to test the breakout from the downtrend. Indeed, over the past days the price did in fact break out of the bearish ...
Tomorrow, HEXO enters day 5 of the right range from 8.12 support and 8.63 resistance. Breaking this bearish will have us test supports of 7.71, daily MA20 and 6.76. Breaking bullish will have us test 9.09 all time high, and potentially break that. Volume on the break will be my key indication of power and momentum.
Going to break the resistance or the support ?
On January 2019 the yearly trend suppose to start and as it's look right now everything can happen,
until then let's make some money from resistance and support lines :)
BINANCE:DGDUSD
https://www.tradingview.com/x/W1gM60ni
DGD has breakdown and has two weekly close below the strong support level. Even though MACD is turning bullish, it is advisable to enter only after confirmed weekly close above 44. A breakdown to the current levels would push DGD to 15 to 20 levels. Buy there for T1 of 44 and T2 of 110.
BITFINEX:MITUSD
Mithril is retracing nicely. Buy at the support zone of 0.18 dollar for a long term swing trade towards 0.5 to 0.65 dollars.
https://www.tradingview.com/x/yYXsDU9G
BITMEX:ETHUSD had quite the selloff yesterday, lasting throughout the night. Ethereum dipped substantially further than Bitcoin, but I am not surprised based on how quickly it has gone up since the drop to the yearly low.
We seem to have found a potential temporary bottom at the 12-Hour Order Block, which I was expecting to be a Demand Zone. It wicked through it, ...
Today at the current level this chart analyzed, we see the same pattern this week mimicking last week pattern. If that happen again for the third time, then we might see a bounce for next week with retest around $6800 - $6900 zone. If it strong enough, then we might proceed to the resistance level.
From technical basis:
1. RSI level has shown that it trying to ...
BITMEX:XBTUSD after a sharp selloff after failing to close a candle within the Supply Zone, Bitcoin has found some temporary support just on top of the Demand Zone.
This could very easily not hold, and we could see it drop to the equilibrium around $6320.
That being said, I have entered a scalp Long position targeting the range high @ $6527.5.
If I get stopped ...
