will reverse down to complete middle B of Correction
Hello everyone We all witnessed the weak bear market in the last couple of days,now we may get close to the end of this bear trend.The clues are , less selling pressure in the market and higher lows in the daily chart on BNBUSDT. A wedge structure can be seen on daily chart and we had a rejection from 375$ four days ago,plus we can see the market starting to...
Hello Friends! AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96. These days good news can flip to bad news overnight,...
hello everyone We may get to see better market in the next couple of days for Ethereum,but that does not mean that we have to look for tops and bottoms of the markets. Staying and trading in the market context, IS our best chance to make money. Resistance level of 2800$ seems to have some effect on today's market but we have support level of 2725$ and our...
Hello everyone In the past week we witnessed a steep bear market structure bringing us to channel that we have last been on July of 2020.In this situation we may get to see the price lose the sharp and steep momentum's of the last week for GBPUSD. In addition to what we have seen so far , we may get lower prices for GBP. With the support level of 1.25$ and...
Hello everyone After over a week in a weak bear trend, now we can hope for this wedge pattern to have a breakout to upper channel for BTCUSDT. Because of the doji bar of yesterday and lack of info of today it does not seems like a good time to analyze BTC, but since we have a good context and we are close to our weekly trend line it seems fine. We have...
i think cad dont have power now to go higher and in chart i see pattern,
I have seen so much news and discussion for the past month that the falling market will have dire consequences for crypto. And although that is possible, I just wanted to call out that ever since the market declines in late December of 2021, Bitcoin has been showing divergence from the typical indexes. The following charts are of two common examples of how over...
We have come to the end of the descending wedge that has been visible on the 4h chart for the last 1 month. I think there is an opportunity to enter long trading with a stop-loss. The first target is -41000- and the second target is -47000- which is the height of the wedge. Push-Back must be waited...
Bitcoin broke the trend line support. But the question is: Is this a breakdown or a trap? This breakdown cannot be confirmed at this time. On the other hand, it can be seen that Bitcoin has formed a falling wedge pattern. The TSI indicator also shows a positive divergence. Looks like this could be a trap and there is a possibility of a break-up of this wedge. In...
Hello everyone Since last week we had a great fall of the price on DYDXUSDT, as you can see today's bar went above the high of yesterday's, which gave me the impression of a pin-bar for a second and then turn into this terrifying shadow.I know this asset been nothing but down trend so far,but a price this low for such good asset is just unfair. Anyway we have...
The price is testing the daily support on 1.3 inside a falling wedge after a rejection from the 4h resistance. Daily support is a key level. On the bigger picture, we can spot a demand zone above the weekly support on 1.176$ How to approach? the price could have a pullback until the previous 4h support now resistance on the dynamic resistance as well. If the...
Here we have my two scenarios and entry points for a potential breakout from this wedge. Either we will continue to oscillate within the orange TC all the way to GZ or be prepared to see lower levels of 0.60s before going up. I really wonder what is going to happen to Bitcoin once we reach the top of the wedge that has been forming since 2014 on DXY. If we look at...
Hello everyone On Alpine daily chart ,we don't have much of perspective or structure,but we have a well preserved daily trend line, so if we consider the last 4 bars on daily chart a last bear flag (see in 4 hours), and that combined withe the higher lows that we see in daily,from here of in the next 2 candle we may see reversal happening. For now,it's...
Hello everyone The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days. On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and...
EURO - Wedge to a bull trend hello everyone As I have mentioned before In my previous analysis, we have a wide divergence and we can have a reverse pattern by the end of the week ( double bottom ideally). I expect to see a good bull bar with almost no shadow on ether side on daily. The last week's candle closed with a long shadow and a small bear body that...
Hello everyone Today on ETHUSDT, we have a candle with a long shadow which I expect to close above 2880$, and we have a 3 high , 3 push down pattern, that can function as a wedge or triangle, angled down.With that said we have a possibility of reversal IF we get a green bar with good bull body higher than 2930$ tomorrow. Our support levels are 2800$ and the...
Hello everyone In past couple of days, in FTMUSDT ,the price been in a range between support level of 1.08$ and resistance level of 1.20$, which shows a bear flag structure but in my opinion with a less likelihood of going lower; because we have a wedge formation on weekly time frame( what you see on higher time frame IS more reliable). With that been said,I...