Waves has had a continuation of trend after a FOMO move out and back into the channel. This pattern has followed with a lot of strong alts,
Right now momentum has slightly changed with a disjointed channel however price is expected to drop momentarily before a key decision point looms in the price. We will see what happens once price has retraced and waits for...
Btc long on key level after retrace from top
Previous pattern broke out from pitchfork following the key levels.
I advise a buy around current price for bitcoin as I believe it will hold.
If price goes down then next level is around 32,000 however this is a worse case scenario.
Ada cardano is currently at a rejection zone after a previous break from pitchfork. We can expect a drop down to the green line where I recommend a long position. The price will bounce from here. Stochastic is also ready to drop.
Bitcoins recent downtrend could be coming to an end with a breakout of 3 previous kagi shoulders. The green line just above the .236 fib retracement represents a buy point once the kagi has closed above this line.
The pitchfork represents potential bounce points for the price. If price continues through then we can expect a long opportunity on the green line.
BTC Seems to be in a good position to move up
A strong bounce out of the keltner channel paired with a strong bounce on the lower channel of the stochastic, this retrace is to a major buy point. Strong indication for an up move.
Eth right now is in an uptrend making higher highs and higher lows. The price should go up from here but there is also an equally likely chance that we get a retrace down to the buy point and then a quick move up.
After a long downtrend on WEED there was a false breakdown out of the channel and a strong move up which saw a price rejection at the red resistance line.
The price has now broken the resistance and just needs to break the 200MA, after this resistance is broken a bull run is very probable. Buy point marked on chart.
We are coming into a squeeze with bitcoin, new lower highs and higher lows have been created. Expect a small dip in price down to the buy point before a powerful move up.
Check the 1 hour 20 and 50 moving averages to refine your entry.
Buy opportunity spotted on THETA token, the price is currently in a range, best Buy point is at the bottom half of the range. Place your stop just below the bottom of the range. Target is the purple line.