The previous analysis worked out perfectly and led us to the resistance (now support) after which BTC Dominance continued growing . The price has just come out of the triangle which is a very bullish sign. Currently we can see a small rollback downward and then the dominance will continue rising , which means that $BTC will rise its value, while...
As we wrote in the previous BTC, in case of breakout of the $10000 level, next we would see a continuation of the upward movement. First of all, now the price has come back to the ascending channel. Secondly, the price has absorbed the local downward movement, to absorb the whole downward movement, $BTC has to reach $11000 after which the price can fly further...
Huge volumes appeared as it was at the 21st of August. That time it led to the coin's pump, repeat is quite possible.
After a long consolidation inside a tight corridor , today we can see that this long flat is very close to the end . The thing is that the $BTC has formed not only a channel, but a triangle as well. This triangle has no bullish/bearish signs, it only tells that soon we will see a breakout . First of all, I want to mention that the price has formed three...
Here at $XRPBTC we can see a symmetrical triangle and the chances of both exits are equal. Let's take a look at the price movement inside the triangle in order to choose one direction . We see how the price made its way through the upward support with spikes down, also the price kept below the horizontal level with the good opportunity of accumulation of...
The price has broken through the downward and horizontal resistances. Buy volumes are quite good, interest in growth from the MM side exists. Continuation of the upward movement in quite possible, targets are on the chart.
$FUN chart has formed a falling wedge and during the growth, insane volumes were coming in. These volumes are still in, which means that the coin still has fuel for moving upward. At the moment, the price has successfully re-tested the support and ready to go higher.
Well, on the Small-Cap Altcoins Dominance Chart we can see a positive picture. We have support levels which were formed according previous reversal points. Currently, the price is located above the mentioned levels and is going to return in the upward direction. Okey, but how to deal with these levels? Don't buy alts when the price reaches these levels, buy them...
The price has already broken through the downward resistance of the down-trend, from now there are no downward movement that can stop the price. On the way up this asset has a resistance which in needs to break and then go upward after small consolidation. Potential of going upward is quite high .
On the 1D Bitcoin chart we can see a formation of the bearish triangle. We can see as the ascending support the saved the price from falling three times, as the horizontal resistance from which the price rejected three times, as well. In such cases we usually see a decline of the price. If the price dump more, I see the bottom in the range of $8270 - $8300...
CELR currently shows us double bottom and fake breakdown of a support. LONG is in priority here.
Prodigal Binance son now looks ready for a reversal thanks to the triple bullish convergence. Moreover , Binance can't let "his" coin to dump, because it will ruine the reputation. Let's try to catch this upward move, buy orders are in the orange zone, stop loss just below the level. Targets are on the chart.
The previous idea about $BNB is still in play . The price has broken through the support level at 0.00282 and was not able to come back. Then we saw a re-test of the resistance and now we are waiting for a further decline to the 0.00220 level. During this downward movement we can start gaining LONG position with the target at 0.00400. From the ...
$WABI has broken through the strong resistance level which was transformed into a support level. Then, the price made a successful re-test, up-trend confirmed. You can enter for a market price and a little bit lower in the orange rectangle. Targets are on the chart, as well.
Current situation is clear enough : BTC moves in an upward channel. The next impulse can be caused by any exit from this channel. We already have two touches of resistance and two touches of support. Meanwhile, there is the most important resistance level at $10500, where we usually see strong sell pressure . In fact, the rollback of the upward movement...
After the previous strong dump, BTC has already tested $9700 support and then tested $10000 support after a rollback. Now we can see how the price trades right next to the support of a global upward movement, sometimes it even manages to do some fake breakouts (marked with red pointers) . Thus, we see the strenght of bulls , which are desperately holding...
$ETH has formed a double bottom which made one growing. In case the resistance at the 0.0191 will be broken, the price will fly upward to the 0.02 level. However, if we don’t see a breakout (which will be very strange), the price will roll back to the support at 0.018 level.
The coin has broken through the descending and horizontal resistances. The price is testing the resistance of the descending channel with huge buy volumes, probability of breakout is 78%. I would advise you to buy a part for the market price and a part for a market price and a part a little bit lower in the orange rectangle.