$HEX has been in a very strong downtrend after breaking down from the symmetrical triangle. However, price is now showing some signs of support along this key long-term price trend line. Additionally, we can see potential bullish divergence on RSI along with RSI showing signs of support along a RSI trend line. This looks like a great area for accumulation.
Will this key long-term trend line hold as support once again? If so, this would be one epic dip to buy!
-Bullish Divergence on RSI
-Long-term trend line support
-Long-term RSI trend line support
-Price looking like we could see some sideways consolidation
PPT is in a daily down trend, but appears to be slowing in momentum. We can see one drive of bullish divergence on this daily chart. This bullish divergence will be confirmed with a daily close above $0.744. If bullish divergence is confirmed, then I would be looking for a move up to the next resistance zone around $0.85.
$BTC recently blasted above the prior daily high around $48,000. From there, it shot through the $52,000 resistance zone and looks to be headed to the next resistance zone around $58,000.
From here, after this current impulse ends, I will be patiently waiting for a pullback. Then, after the pullback, I will be on the lookout for long entries.
In this chart, we...
If $ETH does cannot close above the prior daily high, then it would be printing a lower high which would suggest some downside.
We see strong lower time frame support at $3,250. Price action is looking bullish as long as 4H candles are closing above this support zone.
If the bulls can close a daily above resistance at...
$BTC looking bullish as long as it is closing dailies above the support zone around $47,650.
If price loses support at $47,650, then I would be looking for a move down to the next support zone around the mid $40K area. A pullback to this zone could present a great buy opportunity before another leg up!
$BTC is possibly working on printing five/six drives of...
$AMZN has been in a strong daily downtrend and is printing a large H&S pattern. A break below the neckline will like lead to much downside. The measured move for this H&S pattern takes price down to $2,600, an almost 20% decline in value.
$ARRR has been consolidating between the 0.5 ($1.91) and 0.382 ($3.03) Fibonacci retracements. We are seeing very strong support around $1.91. I would be looking to be a buyer around that zone.
On the bullish side, we can see three drives bullish divergence on RSI showing which shows us that the bulls are gaining strength, thus increasing the chances for some...
We can see that $DERO has been on one hell of a bull run, but is showing signs of losing strength. On the daily, $DERO has been making higher highs and higher lows, but the recent highs are moderately higher showing a loss of momentum.
We can see the top side of rising wedge, in confluence with the 2.618 Fibonacci extension, are acting as resistance. This is a...
We can see that HEX has been consolidating in this triangle formation for a few weeks after a healthy bull run. I suspect we'll break this consolidation to the upside and see a new ATH in coming weeks.
Silver is in a daily downtrend making lower lows and lower highs and has recently broke below strong support. Simple chart showing horizontal support/resistance zones. Silver is currently at a resistance zone . If the bulls cannot reclaim $22.85, then price will likely come back down to support around $21.50.
We can see that $BTC is in a strong downtrend making lower highs and lower lows. Additionally, $BTC is forming a Descending Triangle which has a higher chance of breaking down, which would be trend continuation. If price was to get a bounce from here, it could present a nice short entry.
$BTC is in a downtrend on the weekly, daily, and 4H time frames suggesting more downside to come. If $BTC breaks down from this Descending Triangle formation, the measured move would take price down to $37,500.
From there, over the course of the next couple/few weeks, I believe we would see further continuation down to the low $30K range, then a nice bounce.
Top side of Bollinger Band is coming in right around $44,000. A close above BB suggests upside continuation. A close below BB suggests downside. We will have the quarterly candle closure on 9/30/2021. Can't wait!