3Commas

3Commas

On the the 4H chart, SUSHI is forming a downward price movement channel amid the recent collapse in the price of Bitcoin. The cryptocurrency is down nearly 30 percent since reaching its all-time high. In addition, SUSHI has returned to the accumulation zone, which began to form back in early January. Usually a long consolidation of the asset in such a zone ends...

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Cosmos (ATOM) has moved within the horizontal channel boundaries for almost a month. The asset is currently in the accumulation zone before the next expected asset’s growth wave will happen. The RSI indicator is below 50 on the 4H chart, which indicates a continuation of the short-term downward movement. However, it makes sense to secure a long position on ATOM...

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NEAR, like almost any top 100 altcoin by market cap, reacted very sharply to the recent fall of Bitcoin. Such a strong drop of the first cryptocurrency may well lead to another market correction, and as such, one should be very careful with long positions. Nevertheless, in this situation it makes sense to buy back the dip and open a long position to benefit from a...

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In just a few days, NuCypher has demonstrated impressive growth as the price of the asset has increased almost threefold. Such growth cannot persist without a short-term correction, which has already begun on the 4H chart. According to its RSI indicator, the coin has begun to move out of the overbought zone. The chart has also managed to roll back to 0.618...

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Since the beginning of 2021 ICON (ICX) has been in an uptrend (marked on the chart). The altcoin’s growth is also mirrored by its RSI indicator, which to-date has approached the level of 50. Given the location of its Fibonacci lines and based on the last growth impulse, we can anticipate a decline of ICX to the trendline followed by the continuation of growth in...

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1INCH is currently in an uptrend as the recent dip in Bitcoin’s (BTC) price has subsequently caused the coin to fall to its first buy zone as marked on the chart below. Given the relatively high probability of another BTC price drop in the near term, 1INCH may once again undergo another correction. In this case, we recommend keeping in mind the possibility of an...

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The asset came close to the resistance at the level of the previous local maximum. At the same time on the 4-hour timeframe chart is forming an ascending triangle. Since the YFI is in a clear uptrend, this pattern usually indicates a continuation of the bullish movement. Before the final upward impulse, a pullback to the bottom of the triangle is likely to occur,...

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ROSE does not display a clear trend direction so far, the altcoin is trading in a horizontal channel. In this case, the best strategy would be to identify key horizontal levels for placing a buy order and locking in profits. On the chart, the former are marked with green zones and the latter with red. The RSI and MACD technical indicators also do not show the...

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Let's have a look at the 4-hour timeframe to understand the medium-term picture of the price movement of an asset. The targets for fixing profits on the AVAX movement in a current bearish trend are marked in red on the chart. At the moment, the coin is in the buy zone, so you can place Market Orders if you are confident in AVAX's growth. A confident break out of...

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UNI is in a downtrend after the formation of the "head and shoulders" pattern, highlighted on the 4-hour chart. The subsequent decline of the asset was confirmed by a bearish divergence with the RSI indicator. The nearest support lines are around $2.89, $2.45, and $1.75 levels. Breaking above the red downtrend lines could mean a rise to the $4.20 level. So far,...

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Let's consider two timeframes: a 1-day time frame and a 4-hour time frame to understand the long-term picture of an asset's movement. In the daily timeframe below, the (green) long term targets are marked to capture profits from the Litecoin movement in a bullish trend. The white color indicates the current resistance zone of the asset. In the last few days, LTC...