Has been a slow, low volume week with wick all over the place and together with fake moves. Seems yesterday we have seen the last trap move, since we have some real follow through for the first time. I showed a possible double bottom in the making in my channel earlier today at 7300/280 which could also turn into a descending triangle as you can see on the left....
Note : if you saw my BTCUSD LONG plan last week, it worked well but needs some adjustment (link below), here's the update :
Plan : we see prices just hovering around support level and breakout trendline resistance --> wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY...
After forming a support base above $144, Ethereum started a decent upward move against the US Dollar. ETH price is rising steadily and it recently climbed above the $148 resistance area.
Moreover, there was a break above the $150 resistance and the 100 hourly simple moving average. However, the price ran into a crucial resistance area near $152, where the bears...
Cryptocurrencies stagnated within familiar levels over the weekend. However, Bitcoin action impressively jumped above the resistance levels at $7,400 and $7,500 respectively. The upward leg jumped above $7,600 before forming a high at $7,638.
Meanwhile, a retreat from the recent highs is holding Bitcoin above $7,500. The stability above $7,500 is proving to be...
The bulls are attempting to keep Bitcoin (BTC) above $7,000. This is a positive sign as it shows that buyers are not waiting for a deeper correction to step in. If the bulls can carry the price above $7,856.76, it will signal strength.
Above $7,856.76, a rally to the downtrend line is likely. This is an important resistance to watch out for because the price has...
Key Levels:
Resistance levels: $50, $52, $54
Support levels: $40, $38, $36
LTCUSD – Daily Chart
LTC/USD is still trapped in an incredibly narrow trading range after a bullish rally failed to materialize. In fact, the cryptocurrency is trading in its tightest eleven days trading band since late last month year. An early day rally towards the $46 level failed to...
Bitcoin didn’t have the best second half of 2019, plunging from a year-to-date high of $14,000 in June to $7,400, where it sits as of the time of writing this. At its lows, the cryptocurrency fell as low as $6,600, languishing as BTC buyers failed to step in amid selling pressure seemingly catalyzed by Chinese regulation of digital assets and the operators of a...
Ripple price rallied recently above the $0.2220 resistance, but failed near $0.2265 against the US dollar.The price currently declining and it is approaching the pre-rally level near $0.2100.There is a new bearish trend line forming with resistance near $0.2210 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum is also down and moving...
