ETHUSDT looks like is at resistance, 2K seems to be the upper part of the new range. Further reinforcing the bearish bias: Below the 180 EMA Below the Ichimoku cloud A the end of a downtrend I don't think ETHUSDT has the strength to breakout of the 2K resistance and a fall down to the lower part of the range (1.4K) is most likely.
ETHUSDT right now is still in a downtrend, and with a strong resistance above it. ETHUSDT is at the 2K resistance and to further reinforce the bearish bias: Below the Ichimoku cloud Below the 180 EMA Still in a downtrend I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within...
BTCUSDT at the 4HR seems be building up a possible breakdown of this range's support (31K to 28K) Right now we are in a channel were BTCUSDT has lower highs and lower lows at support, this is very bearish as we might be getting ready to breakdown support and push down. While we are at an uptrend, you can see it's rather weak as it's quite flat compared to the...
BTCUSDT in the Daily, looks bearish as it is now, because: Below the Ichimoku Cloud Below the 180 EMA At the start of a possible weak downtrend (Hull suite indicator) Possible build up against support, before a breakdown If price continues building up against support, a possible breakdown could push BTCUSDT price below the support of this range (31K...
LINKUSDT seems to be at support. Let's see if the price can hold up at this level and volume start picking up. LINKUSD is a top performer and coin with great fundamentals that usually outperforms most of the top 50 coins. LINKUSDT is always a great choice.
ICXUSDT is looking pretty weak, failing to get close to the ATH of 2018 of $10.28 during this bull run, with only reaching a 1/4 of that at $2.68. With so many of the old guard of 2018, reaching and surpassing their ATH's of the previous bull run, this is a pretty clear sign of weakness. Now that the bull run is looking pretty dead, there are no chances of even...
BTCUSDT is now at support, we are also still in a downtrend and volume has also steadily fallen. We are probably going to range for a few more hours before any other serious move. It could potentially be another build up against support before we push down to the lower part of the range. But could also be a consolidation... Right now, we just need to be...
BTCUSDT has had quite a bearish move down in the past 4 days. Right now we are at a mid range support (35K) and holding up in the ichimoku cloud. Volume is quite low, if buying pressure could enter at this point a possible PUMP could not be discarded. This could also be a false breakdown of the build up against resistance, if we get back against resistance...
BTCUSDT is rather bearish now: The last 4 days in the red (4 is also a very bad luck number in asian cultures, as it sounds similar to DEATH Below the 180 EMA After a very strong downtrend Below the Ichimoku Cloud With several strong resistances above 40K, 45K, 50K Considering all this, the general outlook is rather bearish. But, currently we...
We have broken below the 180 EMA with quite some strength in the move. Right now we are below the cloud and looking to continue heading down until we find some support. Possible areas of support: 37.500 36.000 34.700 We need to wait and see how price reacts around those areas, right now we seem to be holding 37.500 but we might continue the downtrend....
ETHUSDT looks ready for a breakdown: We are above the 180 EMA, resistance-turned-support, and the Ichimoku cloud. But, we have formed a triangle, that looks ready for a break, considering the current trend is still a downtrend. The triangle will probably break down pushing us below the Ichimoku cloud, turning it into resistance. Volume has been following quite...
BTCUSDT has failed to close above 40K and break out of this range. (41K to 31K). Volume is also going down, signifying a lack of the necessary build-up to breakout. It seems we are going to continue ranging for a while, with more consolidation in the middle to lower part of the range for now.
BTCUSDT tried again to break above 40K but it appears in the grim bearness of the near future there are only sellers. Although BTCUSDT has slowly crept up from the lows of this range, we need a strong break with volume if we are to leave it below. Right now It seems more likely we will start a new downtrend and break below the trendline pushing us down into the...
ETHUSDT seems to have broken below the triangle against the 3K resistance. We might drop to the lower part of the range and hit the 2.2K support or even the 2K. I'm opening a short at 2.395 with a STOP LOSS at 2520. Also I'm using a trailing stop based on 2 ATR from the 1HR chart ($70) that is a 3% trailing stop.
ETHUSDT has significantly dropped since the ATH of may the 15th. with a 60% drop and $2650 down in only 8 days before hitting a local bottom and recovering until the current triangle was formed. This powerful downtrend seems to be stopped right now, as we form this triangle, volume keeps steady. This triangle may soon breakdown, I'm basing this bearish scenario...
In this range we have, two big areas of support and resistance, they are the lower and upper parts of this range respectively. Marked with thinner lines we have the smaller support and resistance lines within this range. Right now BTCUSDT is building up against the resistance of this range (30K to 40K), we have a clear uptrend towards resistance, before the...
We managed to enter the ichimoku cloud, meaning we could move upwards within the cloud for a while, so far no rejections of the cloud pushing us down. We have both the upper range resistance and the 180 EMA above us, both are pretty strong. If BTCUSDT can consolidate for a while within the cloud with higher volume, a breakout is possible, leaving the cloud...
We just made contact with resistance! Let's see if we can consolidate between this resistance and the 180 EMA for a while before breaking out. With volume building up and price consolidating in this area, we might get a good shot at a breakout. We only need to be careful with strong price rejections. As always, practice RISK MANAGEMENT, keep your losses...