#BATBTC Technical Analysis Update:
Reasons for BULLISH MOVE:
1. BAT is currently at a monthly level(Support) around 2125 sats.
2. BAT is also near the DEMAND ZONE. If we look back on 30 SEP 2019 (BAT was in DEMAND ZONE, After which it did 75 % percent UP MOVE), right now after 1 year, again we are in the same DEMAND ZONE.
3. BAT back in 04 MAY Week was also in...
#DOTBTC TA Update:
1. Zone 1 was Ascending Wedge which always follows a downward movement as it did.
2. Zone was a Falling wedge or we can say it was a distribution zone. After this, usually, Consolidation/Accumulation happens which happened in ZONE 3.
3. Zone 3 at the moment, is where accumulation is happening. DOT is consolidating between two levels (Daily...
#SXP TA Update:
1. SXP has been in a downtrend since 30 Aug 2020 due to the instability of Bitcoin Dominance.
2. SXP has rejected monthly support, and it is near the demand & supply zone. We may see some accumulation here, and Bullish move afterward.
3. Volume is continuously decreasing as well as price has been decreasing, which means that the downtrend is not...
#UNISWAP TA Update:-
1. #UNISWAP now trading at 73098 sats, and converging into a falling wedge.
Falling wedge ends with a Bullish move. So 1st Confirmation is Falling Wedge.
2. Also UNISWAP is approaching Demand Zone which is at daily support. The daily support level at 29552 is going to be tested 1st time, so 90% chances are the rejection.
3. There is a...
#BTC TA Update:-
Right now, Bitcoin Dominance is at a very critical level i.e, monthly Level 61.98.
61.98 Level has been tested 5 times in the past. And has been rejected.
As of 21-Sep-2020, It is testing this level again 6th TIME.
I Advise you all not to trade for 1 or 2 days maybe, because 61.98 level either has to be broken or has to be...
Sorry, Guys! I was busy, that is why I was unable to post any analysis.
Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market.
Bitcoin is the mother of all cryptos, if it moves, let's move accordingly.
First, let me give you the concept:
When the dominance of Bitcoin increases, the dominance of Altcoins decreases having...
3 Things are confirming the Bullish MOVE!
1. MACD Divergence - As you can see in the chart above, blue line is crossing the orange line below zero and also the Histogram is changing from downward to upward ( Indicates a bullish move ahead)
2. Volume is decreasing but the price is not decreasing but it is in accumulation zone indicates a strong volume may come soon...
I am going to explain key points below and after that you can easily decide the trend.
1. Monthly Resistance was rejected on 1st test at 111 sats. 1st test is 90 % of the time gets rejected and the same thing happened here.
2. Candles also got rejected at T2, Which was a trend line resistance. Upper Trend Line has been tested 5 times. Observe closely. I have...
I hope you are all fine. Lets get straight to the point.
I have drawn all the important points on the chart above.
Trend Lines, Monthly, Weekly ( Support & Reistance), Fibonacci Levels.
You can understand the chart easily.
Siacoin is converging into a pattern, right now after rejection from upper trend line resistance it is test the lower trend line support,
LINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern.
Usually, Rising wedge pattern indicates a bear movement.
But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines.
Link is right now at a very crucial stage,...
OGN is creating higher lows and lower higher >>> Converging or consolidating for the big move ahead on either sides.
1. Daily resistance was broken at 3720 and it went all the way up to test the new resistance at 4533. WIcking past 4533 and gets rejected to retrace back to newly created daily support where candles are right now at 3720.
2. Both the bulls and...
ERD is ranging between two trend line T1 as resistance and T2 as support.
Resistance has been tested twice at T1 and also support has been tested twice on T2.
ERD Needs to test the daily levels at 187 and have to break for a bull run. Other it is going to retrace back to 161 which is a daily support.
ERD is making RISING WEDGE PATTERN
If we see at the volume, it...
Hi guys, I hope you are all fine.
I have tried my best to mention all the things using only candlestick analysis and trend line analysis.
1. 23 July CandleStick has rejected from Fibonacci Level 0.5, which indicates a strong signal for reversal.
2. Candles have broken the Triangular wedge causing it to breakout.
3. Accumulation of 25 days...
STEEM has broken the daily resistance level at 2381 by wicking above the daily resistance.
If new candle opens above daily level, then we may see some move upward till monthly resistance. It is the 3rd time the monthly resistance is going to be tested.
The more times a level is tested, it becomes weaker.
We may see the monthly gets broken due to
I have mentioned almost all the points on the above chart.
Right at the movement, GRS has broken the weekly resistance with a green engulfing candle.
From here two possible scenarios,
1. The next candlestick would be going to test the new support which was resistance before at 2156. Most probably on 1st test 95 percent of the chances are the retracement.
Straight to the point guys,
HBAR is looking bullish in coming days, WHY?
1. Weekly resistance was broken at 445, and once that was broken it became support and it is tested and has been rejected which indicates bullish move.
2. Also the accumulation zone between two trend lines has been broken and the new candle is formed above the upper trend line. The candle...
NXS is looking in upward trend as it is making higher highs and higher lows since MAY 2020.
Recently. NXS broke the weekly resistance at 2065, which was then tested twice, making it strong support.
A new candle has open above Monthly level at 2250. It is going to test the newly created support at 2250. If it is rejected then NXS will be in bullish move.