Cardano is forming a bearish wedge and tripple divergence. Our expectations from this coin are depicted on the chart.
Borders of the flat channel are expanding. The resistance moved from $7700 to $7900 and the support moved to $7400. Oscillators are on the overbought zone, RSI shows a bearish divergence on hourly TFs. Why don't I say to SHORT from current points? Buyers became obsessed with pushing the price upwards and more likely every touch of $7400 zone will be rejected....
So, there is a clear horizontal support at 2100 sats. Moreover, there is a double bottom (1st touch at the 20th December 2019 and 2nd touch now at March-April 2020). But that's not all. There is also a "W" pattern which was drawn on the chart. Thanks to a number of these bullish factors, the price just broke one of the strongest descending resistances, good entry...
There is an ascending channel and strong resistance above the price level. Close to the overbought zone on daily RSI chart. Entered SHORT here at $3.6 point, mentioned targets with red cercles on the chart.
Happy Sunday, came to share an interesting #TRX setup. Tron broke the triangle upwards. Now it is forming a falling wedge and re-testing the descending support at the same time. We expect a growth, targets on the chart.
Growth came faster than expect. We need to see a fixation above the $7450 - $7500 level in order to absorb the whole dump from 12th of March. If breakout of $7500 is confirmed, the next target is $8160. Want to remind you that Halving will happen in less than 3 weeks and that's the strong reason to drag the price closer to $10000. So, I don't really like...
The upward movement on $GOLD is coming to its end after the breakout of the descending resistance. Firstly we need to finish a formation of 1-5 wave, then form a correctional ABC wave which should retest the descending level. The end of ABC wave should be at $1700 - $1715 zone from were we expect to see a reversal upwards.
The setup is clear - breakout of the falling wedge, confirmed. Easy scalp for 10% - 15% profit potential. Mentioned both entered zone and targets on the chart.
We have a descending priority here with the target at $6515 - $6600. There are two possible ways of situation development: 1. Before the dump we can visit the $6970 level to finish the ABC correction. Target will be at ±$6640. 2. Instant decline from the current points, then the regular structure of 1-5 will be changed to the "1-5 wave with the elongated 2-3"....
Our key level is $7130 - we need to break it upwards in order to go higher. We already see positive movements after the dump which is a good sign. Chances of breaking through this level 70/30. Confirmed breakout - LONG priority and target at $7500. Bearish retest of the $7130 - SHORT priority with target point at $6800.
Want to mark an important point - we're still bullish, but there are high chances of bearish week beginning. Why? It is very easy to form H&S pattern on the current chart. All we need to do is to breakdown through the $7130 support and retest it from the bottom to the top (look at the chart). H&S is one of the most common pattern and it is very easy to use it...
There's a chance for a tiny alts party for the next 2-3 weeks, but nothing more I guess. We are closer and closer to BTC halving and this is a sign for investors to leave alts and enter Bitcoin. Keep that in mind when you buy altcoins.
Bitcoin is consolidating above the $7000 level which is a good psychological fact. LONG still on hold, with Premium Members already closed two targets. Await $7250 - $7350 zone to close the major part of the trade.
When, it seems that soon will come time for $DOGE to rock. The coin located right at the historical support which helped one to pump hard many times before. Chances that the history will repeat are extremely high. Will buy $DOGE in the range of 22 - 25 sats.
And EOS looks bullish as well, even better than #LTC did. The falling wedge was broken upwards and currently the price is testing the upper descending level of the wedge. As long as the price remains in the orange zone - the priority is upward. All three targets were mentioned on the chart.
Straight out the gate - looks bullish. Litecoin is ready to leave the falling wedge in an upward direction after double bottom formation. The target of this upward movement is 0.007, but before entering LONG we should see a confident breakout of the 0.006 level.
🐝 Absorbed the previous top. Finally we can see an adequate reversal, as the level of $7500 is protected by a big sell wall in the range between $7400 - $7500 . Moreover, we have a non-tested support of $7000 which should be tested to call this growth "healthy".
This update is very very local. Straight out the gate - I don't advice you to trade during weekend, the market is very unstable. Well, firstly the priority is slightly downward now as the price can't break the $7000 psychological resistance. Moreover, the dump absorbed a big part of the recent pump, which is bearish. Expect $BTC to reach the EMA200 (orange...