Bitcoin fakeouts every now and then... Bull traps and bear traps are very common. Today Bitcoin Brokedown of the triangle but yet to close below on 4h and on daily. If this Breakdown is real, We may see 8500-8600 region next as logical support as per FIB Retracement. Strong Reaction expected here. If we fail to bounce, we may see 8350-8400. I am expecting a...
Cipla chart shows Classic Inverse Head and shoulder pattern. IH&S often marks the bottom and shows trend reversal. Currently Right shoulder is being formed on the chart and neckline being 480. If 480 is broken and retested, Inverse head and shoulder target is 560 - 580 Pattern invalid of daily closes below 430.
2 oscillary indicators Stoch RSI and MFI are showing Hidden Bull Divs on daily chart. (Doesn't mean it will bounce and can't go even lower) On the other Hand, RSI or OBV Does not. RSI is the one i tend to trust the most. Although 4h and 1h chart shows bullish divs on both Stoch rsi and RSI. A ray of hope for Bulls: 1) Hidden bullish Divs. 2) 0.618 Retracement...
Bitcoin may find support Between 7200-7250 Region. It is already 10% down today. Today's Close will probably Give us Bullish RSI and Stoch Rsi divs. A Short term Bounce / Retest towards 7700-7800 can happen.
Binance coin may continue the trend after breaking out of the bull Pannent today. Target points are mention on the chart. A double top at T1 can happen so only buy the retest.
Cardano chart shows ascending triangle on 4h. Target is on the chart. Buy Breakout and retest.
3 Technical Reasons to Buy Raiden Network Token (RDN) 1) Hidden Bullish Divs. 2) Sitting right on 0.786 Retracement support. 3) Price going down with Decreasing Volume This Coin has very low volume on Binance so if it pumps it can easily make you 20% in very short time On the other hand, The setup will only play as per plan if volume picks up. Remember coin...
Clear Bearish Div on 4 hour + Price struggling at Resistance. Remember this is 4 hour and the trend is up for Binance coin now. With Swiss ETP news and BNB Coin burn this month, this thing can fly. If this Resistance is broken, then watch out for retest and buy. Try Buying the dip between 0.00216 - 0.00219. Target 0.0025 and 0.0027.
Btc Downtrend Channel Break, it should bounce around 7880 zone..
Bitcoin chart shows descending Triangle on 4 hour time frame. Market sentiments are not that good too. 1 More leg down Towards 7900-7950 area is possible. Watch how price reacts at this region before opening long.
Cardano is trying to break 610 sats for 4th time. In the meantime it has forming Ascending triangle just like Bitcoin few months ago. If 610 breaks and holds, i am expecting 700 sats to be immediate target.
Harmony is approaching buy zone soon. Its been bleeding continuously with very low Volume. It may find support at around 260-265 region and then next support is 230. Mainnet launch is expecting by end of this month, so its gonna bounce hard and my targets will be 310>350>400.
After a month long of Consolidation inside this Sym Triangle, Cardano is finally looking to break out of it. If the triangle is broken in next few hours, my Target is 1380 sats. Otherwise retrace towards 1050 sats and wait for the next attempt. Remember Shelley is coming in July if i am not wrong. This thing is gonna explode next month. P.S Do not Short.
Yesterday, Fetch Brokeout of the Sym Triangle and we can argue on it being ascending Triangle too. Price touched 2800 sats area which fib shows as 0.382 Retracement area. Price have pulled back quite a bit and currently its forming Bull Flag. If this Bull flag works out, our next target is 3k or slightly above that. Trade on breakout of the bull flag. Also...
Currently, Handle is being Printed on the chart. Harmony is the most hyped IEO on Binance. Record Volume on the day it was listed. It has been holding pretty well when BTC has been dumping. My guess is it will reach close to 400 sats if this Cup and handle pattern works out.
Call this Bottom Pattern what ever you want. Ascending Triangle or IHS? If this Breakouts, My immediate target will be 600 sats.
1350 sats was the neckline of the inverse Head and shoulder. This is the zone which lead to the breakout. IHS played out very well and our target of 1900 was reached. A full retrace to Breakout zone so early is a surprise. But, none the less cardano price against btc is in buy zone and this support should hold. My Previous support zones were 1700 and 1530....