Hello Traders! Today’s update will be on RENBTC , bearish divergence into daily support, which held successfully, will we see a continuation in this bull trend? Volume needs to sustain otherwise a break of daily support can come to fruition… Points to consider - Trend bullish on 240 timeframe - Major daily support tested - Structural resistance in above red...
Hello Traders! Today’s chart update will be on MATICBTC where it is approaching its apex zone, a move is imminent. Price may put in a macro higher low and continue this Bull Run or we may see a breakdown from local support, negating market structure. Points to consider - Trend overall bullish - Structural support in confluence with .50 Fibonacci and 200 hourly...
Hello Traders Today’s chart update will be on WEED – Canopy Growth Corporation – is the local top in and are we in an ABC correction? We are more probable to be in for an oversold bounce due to the over extension of indicators. Points to consider - Bear trend established on 240 time frame - Local resistance at $38 region - Local support at $25.50...
Hello Traders! Today’s chart update will be on BTC’s short term projection on the hourly time frame. We have a potential rising wedge that needs to be confirmed with a third touch on the lower trend line. A break from this formation is bearish, if it plays out; we are more probable to test lower support, where the triple bottom was established. Points to...
Hello Traders Today’s chart update will be on the Russell 2000 Index , currently trading range bound in no man’s land. We have two distinctive levels to watch; Support and Resistance , to confirm a bull continuation or an establishment of a bear trend… Points to consider - Trend has been range bound - Major resistance at $1605 - Local resistance currently from...
Hello Traders, Today’s chart update will be on ICXBTC, where potential fractals are playing out. We have local resistance formed, followed by a dump retracing back to the .236 Fibonacci level and dumping again. ICX may be on the verge of dumping again according to the fractals however we do see bear impulses declining significantly on each dump, could this be...
Hello Traders, Happy Friday Here from Australia! Today’s chart update will be a little different; we will have a look at the Bitcoin Dominance Chart which is currently looking like its forming a bearish divergence, could this potentially be an indication for an ALT coin rally? Points to consider - Trend has been bullish on daily - Major structural resistance...
Hello Traders!, An update on Bitcoin today, testing a very key resistance zone with multiple technical confluences. We have had a bullish daily candle close right below the 200 MA after trading in range bound in the orange box. Bitcoin will be extremely bullish if it breaks above this zone after an initial triple bottom… Points to consider, - Price testing...
Hello Traders! Welcome to today’s chart update which will be from the Canadian MJ sector – ACB – Aurora Cannabis Inc. This pot stock is testing a critical area; price may put in a new local higher low and or break the trend and negate the whole market structure… Points to consider - Potential Triple Top - Price testing critical support zone - Local support at...
Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local...
Hello Traders! Today’s chart update will be on BATBTC, very similar to XRP’s chart which I posted a couple days ago. BAT’s had a falling wedge breakout which is in confluence with a potential bullish divergence. It needs to break major structural resistance to confirm the daily trend change… Points to consider - Visible Bullish Divergence - Price testing major...
Hello Traders! Welcome back to today’s chart update, which will be on Bitcoins weekly chart, where we have a potential indecision candle close? The weekly trend maybe putting in its local higher low however the EMA’s are showing bearish signs near the psychological $8000 level… Points to consider - Trend still bullish on weekly (Testing trend line) - Major...
Hello Traders! Welcome to another update, today’s chart will be on XRPBTC pairings recent developments which look quite bullish. This could potential be a daily trend change in accordance with a bullish divergence… Points to consider - Clear bullish divergence - Macro trend change - Resistance at .236 Fibonacci Level - Stochastics showing upwards projection...
Hello Traders, Today’s chart worth taking a look at will be AFTERPAY which is in a strong bull market respecting its trend line and is currently in blue sky breakout mode. A return to its trend line will post a good opportunity to long this instrument! Points to consider, - Bullish trend on all time frames - Major support at .618 Fibonacci Level - Blue Sky...
Hello Traders! Today’s chart update will be on the XLM/BTC pairing which is in an interesting position, testing current local support with volume well below average, a break out move may be probable… Points to consider, - Trend bullish, probable of new higher low - Price testing structural support - .50 Fibonacci acting as resistance - RSI...
Hello Traders, Today’s chart will be an update on Bitcoins immediate term, which is quite bullish as we have a double bullish divergence and a recent double bottom. There are key levels to watch for a potential trade set up… Points to consider, - Clear double bullish divergence - Double bottom (Considering Wick) - Local resistance at $8480 mark - Structural...
Hello Traders! Welcome back to yet another update, todays chart update will be on LTCUSD, testing its 4 hour uptrend and daily support, a bounce here into local resistance may be probable. Points to consider - Trend bullish, consecutive higher lows - Bounce of major daily support - Local resistance is at .618 Fibonacci - EMA’s turning bullish - VPVR quite...
Hello Traders! Hope you all had a great weekend, Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias. Points to consider, - Daily trend bearish - Price testing structural resistance - Price below key moving average -...