Ripple is currently on a bearish move after breaking a major structure level at $0.36 and is about to retest a major structure again at $0.29 that has not been taken out since September of 2018. After price broke this level is has gone up to $0.50, so hopes are high for this one. Just to give you an example, if this happens again and you buy at this level and...
This pair is touching both a demand level and a major resistance at $0.7036 with overbought conditions as well. My expectation is that price will enter either a correction or a strong reaction at this level. If it keeps going further, it might signal a correction-continuation pattern, so stops can be tight to protect ourselves. Hopefully the reaction is quick and...
Steem seems to be continuing it’s way down on the daily chart after breaking a flag pattern and is now heading for the most likely turning point around $0.20 where an AB=CD pattern would complete and a major support level is located. This would be the best price to buy from a long term perspective.
Ethereum price broke shyly the support at $273 and is now ranging on the lower timeframes. However, as market structure generally dictates, we should see a retest of this level now as resistance and head lower to the $256 area where we have a nice demand zone. If this happens, we might see a push from buyers to get the price back on track. If price continues...
LEO just touched an area of very strong confluence between two great demand levels and a zone of major support. Although there are some structure levels to be broken around $1.70, I believe price could easily reach $1.81 in the next weeks if buyers bring enough pressure.
The Steemleo platform is doing really good, so I hope we see this rally happening soon!
Bitcoin is about to complete a bat pattern at $13.3k, with most likely targets at $12.4k and $11.6k. If price negates the pattern going beyond point X, then $14k and $14.4K are on the table as possible destinations.
Ripple is currently consolidating between $42 and $36. Although it is gaining some bullish momentum, I would expect price to retrace to the nearest demand level to get in at $38 and target the top of the range with hopes of breaking to new highs.
Price recently broke the corrective triangle pattern and is showing a lot of bullish momentum. The only obstacle before reaching previous major structure highs at $14k is the supply level at $12.3k, which might produce a reaction in price, as it is also aligned with a structural resistance. My expectation would be for price to break that level and we can jump in...
Price broke through the most recent resistance with nice bullish momentum and now expectation is for it to either make a temporary correction and shoot up or to continue with strength until the next resistance area at $119. I would look for entry points at the recent demand levels shown in green on the chart.
Good levels of Supply above. Although this pair is kind of ranging on bigger timeframes, good and strong bearish implusive moves started to show and the demand level below has already been tested, so overall bearish setups are preferred at the moment.
This pair is currently goung through a corrective phase within a larger corrective structure. However, the most recent swing lows suggest that the structure zone between 1.0125 and 1.0160 might act as strong resistance and a chance to get short for a very nice 2R trade. We could also target a more ambicious 0.9900 at the lowest point of the HTF swing.
This pair is currently trending down ST (Short Term), however in the higher timeframes, this is aligning very well for a long trade setup with the confluence of a Cypher pattern and a Demand zone right below current price.
I would be taking profits at the next Supply zone at 1,1290 and stops around 1,1200.
Good trading everyone!