Basically, bitcoin's dominance was rejected at a historic high, this could perfectly mean the beginning of another altseason, the ideal was from now on for bitcoin to remain at the same levels or rise while its dominance goes down, I fully believe that dominance may reach 40-41% again, and that many altcoins will rise in the coming weeks.
GBPCAD did a fakeout rejecting major resistance/downtrend line with a bearish engulfing on 4H , so i decided to open a short here , price also broke minor ascending trendline, volume slowed down near resistance, and we also got some bearish divergences on local top, i expect to price go down until our major Ascending Trendline.
GBPCHF rejected major resistance with a bearish engulfing on 4H and a topping tail , that major resistance coincide with daily descending trendline so i decided to open a short here , we also got some Bearish divergences that confirms that price may go down, i expect to price go down until our next minor support area.
DYDX has a bullish chart, broke the downtrend on the daily timeframe and then started making higher highs, breaking the SMA 200 and then retesting with rejection forming a Bullish engulfing, I didn't take this entry, so in order to have the best risk reward possible, I'll wait for the price to get closer to our ascending trendline and we'll go long with the...
GBPCAD rejected major resistance with a bearish engulfing on 4H , so i decided to open a short here with half size , price also broke minor ascending trendline, consolidating a bit now, volume slowed down near resistance, and we also got a Bearish divergence on RSI on 4h timeframe, i expect to price go down until our major Ascending Trendline. High Risk High Reward.
MANA recently broke out of the daily descending trendline and the 4h minor trendline, as you can see on the chart, finding support at 0.29, it is trading above the SMA 200 and in my opinion it is a great entry at these levels, with a great risk reward. Thecloser you can buy near support, the better. We are in a clear Uptrend now.
The MASKUSDT has a lot of strength right now, in addition to the buying volume that has increased in the last few days, we can see that it brokeout the triangle and the SMA of 50 and the SMA of 20 on the daily timeframe, in addition to that it made a bullish engulfing exactly at the bottom of the triangle, confirming the signs of a rise in that zone. At the moment...
GALAUSDT is showing clear signs of a rise, for this reason im Bullish, in addition to the buying volume that has increased immensely in the last few days, we can see that it has broken out of the falling wedge and the SMA of 200 and the SMA of 20 on the daily timeframe, in addition to that it has made a bullish engulfing exactly at the bottom edge of the falling...
USDJPY broke major resistance that now is a major support on daily timeframe, and this major support coincides with the area of our ascending daily trendline, I believe that the price will touch it, and then it rejects, giving us a good entry for long, I will wait for confirmation and update the idea.
GBPUSD is inside a triangle, and in my opinion, there are 2 probable scenarios represented by the arrows, depending on the confirmation, we will go either Long or Short, but for now the price will have to leave this area for a clearer prediction.
EURCAD is making Higher highs, still being a little far from the next Major resistance, so I'm going to try to buy close to the Ascending Daily Trendline as shown by the arrows I drew, the Trendline coincides with the lower recent support so i believe that this support trendline is the perfect place for the Long. I'll update the idea if it gives us the entry we're...
AUDCHF is making lower lows, still being a little far from the next Major support, so I'm going to try to sell close to the Descending Daily Trendline as shown by the arrows I drew, the Trendline coincides with the 200 SMA on timerame 4H so I believe that this resistance is the perfect place for the Short. I'll update the idea if it gives us the entry we're looking for.
Bitcoin broke the daily bear trend line, and made its retest flawlessly, thus indicating the end of the bear market, and the continuation of the rise in the coming months. The RSI also indicates the possibility of an upside in the short term.
Alpine broke the descending trednline on 4h, and is currently moving sideways inside the triangle on Daily timeframe, ALpine is near the major support, so i would enter long after the breakout retest, formula 1 season started.
Price broke our ascending trendline, showing some strenght on bears side, bearish engulfing on 4h confirming our sell.
EURCAD broke Daily support and retested, showing some strenght to the downside, im gonna short from here.
Nzdchf broke our descending trendline on 1 hour, and i feel chart is oversold, so i highly believe it will touch TP.
I'm bullish on eurusd overall, rejected uptrendline, doing higher highs, volume is picking up.