XDN nearing the end of dexcending wedge pattern.
A break down through 50 moving average (yellow) will mean that we are going into demand zone (green block). If 50 sma holds, then we will break up out from wedge pattern, resulting into a large bull run.
If we go down below 200 satoshi, buy in green demand zone block. The long term trend line (green) was broken a...
Since IOP has broken down from its ascending channel, it has steadily formed a descending wedge pattern.
It now rests on the 50 moving average (yellow). If this support breaks, a continuation to the previous low will occur. (about 27k satoshis)
From 27k we may see a bounce up, retesting to break up from the wedge. Or it may continue downward to the long term...
It seems that Cardano continues its retracement. I do not work with fibonacci levels, but they are sometimes good to have a quick look at because a large number of traders rely on them. I have noticed in crypto that the retracements normally go a bit deeper than the .618. A level of .65 is common. I expect Cardano to retrace to the 2800 Satoshi level. If we get...
Firstblood has formed a nice medium term bull flag.
It has retraced all the way back to the .618 Fib.
We may see a nice bull run continuation to its previous high.
Note, I think its safe to place a buying order now, however, the entire market is still bearish and we may actually see a break downward. So place a stop loss 10% below your order.