Analysis of #XRPUSDT XRPUSDT established very well defined support trend lines and resistance trend lines if the market falls down to test the support level near 0.600-05500 we can then trigger a long-term buy entry. however if the market rally and break above 0.9500 we can also look to enter in the direction of the breakout as well ⚡ Be aware that due to...
BTC trading within this wedge and has a strong support around the 45k level. Here's what I want to see next from BTC: 1) Current daily bar to close back within the wedge having made a rejection from the 44k level. If this happens then it is clear that the support level around 45k is very strong and that BTC is likely to continue bullish. 2) After closing back...
This is self explanatory. See the chart. Top chart is today, bottom chart is 2009. Color coded tops and bottoms. History repeats itself it seems.
As mentioned yesterday, BTC made a retest on my short term trend line and taking the fake out in to account as well is now making a double touch on my short term trend line. I would like to see BTC respect my short term trend line and keep pushing upwards towards the next major resistance level around 48k, before making a break out to the top side of the wedge.
The price is testing the confluence zone on 1.4$ zone. as you can see on the upper chart, the price is testing the daily resistance after the breakout from the falling wedge on the lower chart, on 4h Timeframe, the price is creating a rising wedge after the flip of 1.3$ resistance as I said in my previous analysis How to approach? the price needs to invalidate...
Watch ZEC continue to rise as the Russians use ZEC to bypass sanctions. ZECs anonymous transactions make it a preferred crypto currency for the Oligarchs looking to work around the sanctions (also Pirate Chain is the other). Over the next 18 days I see ZEC going up another 20+% and then it will cross over the upper resistance and continue upward to $300. ...
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: We entered the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We formed a W shaped double bottom which is a strong reversal sign. Bearish...
With AMZN pending 20-to-1 stock split this looks like a good bet right now. AMZN just broke through the top resistance of the falling wedge pattern. This is good short term and long term bet. Also if you like selling covered calls after the split AMZN will be a good stock for Covered Calls as it will be more affordable to buy in blocks of 100. If you buy 5...
I'm taking a look at ETH right now, and want to share some new thoughts since we find ourselves now on the Top of this channel formed in early Q1. If we can breakout of 3100, I think we are destined for 3700, 4000. I provided Volume by Price on the left of this chart, so you can see where ETH has been traded, the most on the way down since November. If you look...
Good time to buy Microsoft as it just now broke out of the descending Wedge. Long term it's a good bet anyway, plus through June it should continue an uptrend if it runs as long as the descending wedge did.
Will go long in case of a pullback or a clear brake with above average volume , generally i like to wait for a retest of the trendline but sometimes thats just not possible. Target is the upper trendline of the wedge that was drawn on de 1h timeframe. The long forecast is just in indication of where i want to enter the position, not the exact Entry, TP and SL. If...
Just reposting this witha regular chart ignore the Strategy below I am not using that. by iCantw84it 03/16/22
The price is creating a falling wedge on the daily timeframe, and the market retested the daily support on the dynamic support and static on 0.17$ On the 4h timeframe, the price is creating an ascending channel and the market is trying to have a breakout from the daily resistance on 0.26$ How to approach? If the price is going to have a breakout and retest the...
$XMR looks like it's about to make a move to the upside as the price breaks above the resistance of the downward wedge formation and retraced back to the 0.5 fib level. Entries @ 0.618 and 0.5 levels Exits from $231 - $519
The price is creating a falling wedge on the monthly area on 0.02$ After the breakout, the market got a rejection from the monthly area. On 4h timeframe, the price is creating a channel below the Monthly resistance. How to approach? For a bull scenario, the price needs to get liquidity and it needs to create a clear breakout from the monthly and 4h structure...
LTCUSD is at his main support, bouncing back off the bottom of the Bollinger band, once it breaks down wedge we should see a retracement back to 50% fib zone. entry: 110 (Once it breaks out of the wedge at the top) Invalidation: 84.63 Target: 189.92 ratio: 1:3.14
The price had a huge bearish impulse, bounced on the weekly support on 0.3$ and had a new breakout. The price retested the previous support as new resistance and the market went to test again the previous weekly support on 0.2$. Connecting the lows and the highs, the price is creating a falling wedge exactly on the weekly support. How to approach? We are...
There is very clear inverted head and shoulder pattern in the near term however big view is better. Daily chart shows that ICP is about to breakout from downtrend wedge and it can start with current h&s. Check comments for daily chart