Hello Guys, that's an ultimate Analysis based on Wyckoff method.
Is a new crypto bull run coming?
For those who don't know about Wyckoff: He applied a unique charting technique to estimate the potential effects of a cause. So, he created methods of defining trading targets based on the periods of accumulation and distribution. This allowed him to estimate...
It looks like the price will reach 0.3500 resistance zone. It is a strong resistance that could stop and reverse the upward movement at the beginning of 2020. After that, we saw a strong downward movement.
This time, we can expect a pullback toward MAs with 20, 50, and probably 100 periods. But I think the buyers will be able to keep the bullish structure.
Here is another coin which is rather interesting for watching and trading. The price reached 0.3000USD round number level, and we can expect a reversal. In spite of bullish signals from MACD and DMI, we have a trend reversal signal based on a bearish divergence. Of course, it will be wrong to expect a new bearish trend now, but at least a correction movement to...
We broke a downtrend line formed since 12-2017 nicely. Now we are testing a downtrend line formed since 08-2018. If we can break this one there are no more new downtrend lines to consider.
#IOTA has great fundamentals, check it out if you will.
the daily chart of this market shows that it will experience an uptrend in the coming days but it is better to be vigilant of the change of the market towards the opposite direction
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The price bounced from SMA200, and it was a possible buy signal based on the reversal. Now that long positions give profit. What's next?
It is possible to add more volume and open a new long position if the price breaks 0.2600 resistance.
It will be a good bullish signal as the market confirms the uptrend by a new swing high.
In order to get an additional...