ETH doesn't look like rolling over (yet) looking to the bigger macro structure it's completing an upward correction wave. 2300 - 2600 will be interesting zone to monitor as its a backtest of previous support as extension targets of the current range. 2600 being a 62% retracement of the B-wave.
ROSE Short opportunity from higher. Corrective pattern. A run higher into resistance would make sense before a mark down.
Confluence around 0.026- 0.03 zone. - 0.0785 critical point at top range. - 0.0622 critical point at bottom range.
AXS is trading below support going back to swing high of 30 April21. Short term relive or sideways trade as funding is extended. (orange or red) Slow grind lower and swapping S/R, followed by strong expansion to the downside (blue). Green zones are targets
Intellabridge leading the way down. Broke recent support and is now trending lower. 0.15 is the next support level.
Currently at support expecting some further retrace before further down. Yearly open is approx. 50% short away. when MANA moves it moves very vertical (both up and downwards).
odds favor short setup. consolidating and reduced volatility at the lows. When trading below 25USD will most likely result in further downside. in case of long price needs to regain 40USD
Dangerous short setup. if it moves, it moves vertically. expect lower price towards end of year.
price acceptance below 19,6 will trigger a short setup: - 185% appreciation in short period of time approx 20d - trading below range high of >70days - target previous swing lows (-50%)
96-96 zone served 4 times as strong rejection zone in the past. strong rejection can only coincide when major index sell-off in parallel.
CHZ trades aswell in small range and is in uptrend since start of year. volatility is compressing and price sits close to the trendline - long above 0.145 - short below 0.13
HNT short setup: - S/R flip - currently rejected at previous swinglow. - trading above 3.4 will result in higher prices - One of the only bearish setups in crypto - double top into resistance is also possible
LDO waiting for the range to get resolved. - long: breakout after consolidation and retest above current range high - short: sudden deep drop below the range base followed by retest or slow S/R flip in combo with lower trending prices
waiting for the triangle to get resolved. - long: breakout after consolidation and retest above current range high - short: sudden deep drop below the triangle base followed by retest or slow S/R flip in combo with lower trending prices
MASK is trading again above support line. It looks consolidating in a triangle. Trading above current red support zone remains key for further price appreciation.
Emerging markets is completing a complex correction from an Elliot wave point of view. The first leg of the C wave started in May21 and is currently retracing before heading lower. Dollar index broke out and is now retesting the top of its previous range going back till '15. Secondly EEM and Dollar index are inverse correlated when the market is trending. VIX...
Revisiting the upward trendline as of 2008 for both DJI, NQ and S&P would result in a 30% drop from current price levels. These levels coincide with the Covid19 lows.