CryptoMobster

CryptoMobster

It's a hard one at the momentum, huge drop in the market, could it be a dead cat bounce or a bullish reversal? Currently, I feel it is too early to say but signs of a bullish momentum holding have to be realised on the higher timeframes. Be careful in any moves in and around this region as rejections could lead to a big downside pull.

CryptoMobster

Good Morning, As you can see possible breakdown is forming here, the highlighted box is a pivot region on the monthly that has been very reactive over the past few days. Possible breakdown last night failed but possible retest of that lower region again.

CryptoMobster

Shall we buy or shall we wait (the box zone) key level on the higher timeframes... However, with the rest of the market falling back, it's not looking good if you FOMO into this right now. Wait for a consolidation period for ADA.

CryptoMobster

I'm not currently in this trade, waiting for the market to settle down a little. So waiting for a good entry on a retest, so far not had any retests it just keeps breaking down. Best of being patient in these situations as it could soak up orders and really push back up somewhere. Highly believe that the $200 region will be hit again soon.

CryptoMobster

The trend is looking pretty strong right now traders. Be careful, possible retest but the level market out on the chart we are currently at is not the strongest which could mean a possible fall down to the next pivot point at 8700 regions.

CryptoMobster

Bring rundown here, had this trade in our premium group from 264 ranges all the way down to 256... Gone a little lower than that now but you can openly see the next possible direction. Wait for the retest of the redline with a drop-down to the 248...

CryptoMobster

Interesting zone, people starting to get excited, however, starting to get a small counter-trend going on here, chances of another rejection is pretty high here with Bitcoin so be careful in terms of the area you are going long and where you are actually targetting.

CryptoMobster

Most people know I am bullish on ETH long term. Which is fine but in terms of trading accumulation is key. Looks like a possible retest of that top is the likely direction, however, few little bumps in the way on the intraday levels which you should be aware. However just be careful this could also go straight up to the red line, then a pullback to a retest of...

CryptoMobster

It's looking likely a possible retest of that trendline is likely from the previous drop point. I'd be careful putting all your eggs in one basket and expect it to move one way in a simple manner. Retest of that trendline if it hits and rejects it would be the 4th rejection. Strong support has been located at 9400 regions which is a key level on the higher timeframes.

CryptoMobster

Looking like a little pullback is on the cards with the break from the pivot with a retest of that area as support. Can see in the past plenty of fakeouts which leave people high and dry so never jump in one those fomo candles. Wait for the retest, every single time.

CryptoMobster

So what button do you press? Breakout to the upside up to 300 ranges or back down to the 260 region as a breakdown? Momentum looks like it has slowed down lately but ETH has been the market leader... Long overdue consoldation? Or another leg...

CryptoMobster

It's still in a bullish trend, however direction to the next key levels are key. A long way to go but does seem possible as an option. Keep a close eye on the news with enough news and hype we may find some interesting moves.

CryptoMobster

With the development of NEO, with the community behind it and most importantly it's previous highs, you would be a fool not to look at NEO as an investment based on the FA and developments of the asset. Possible range of $20 could be reached and even beyond that as an investment.

CryptoMobster

Looks like ETH has just took a hit on the trendline and seems to be holding. Bullish momentum could follow through back to the upside... Are you buying? Or waiting?

CryptoMobster

How long do you think this can hold for? The structure is still bullish, not enough to flip the bias yet, but certainly worth keeping a close eye on.

CryptoMobster

Looking like an interesting area. ETH certainly showing some bears. However on every dip there has been a big rally from the bulls pulling the position back. Recommend you wait for a breakdown in trend before thinking of shorts.

CryptoMobster

It might be hard to find an altcoin that has not enjoyed a run up since the start of 2020. With BTC Dominance coming down and this going up, would indicate a much healthier portfilio and also a safe option for investing.

CryptoMobster

Got that warm feeling inside yet? Holding altcoins and they are going up in value? It's a nice feeling, right? Feels good to know that direction is affected by how the market is doing. One main element of this is knowing that Bitcoin dominance is coming down.