As we can see, BTC has been in a rising channel, and I find this channel valid for the main reason that the floor of the channel has produced serious price action for three times over the past year. Plus, the mid-line of the channel has witnessed significant price action, which makes the channel all the more valid. During the past weeks, BTC has seen stormy price...
Some points to mention regarding the chart: 1. The significant role of MA21. 2. The steady and consistent volume, albeit at lower levels compared to the previous bull rally. 3. The 2.5 - 3.5. is of great significance considering the price history in this region. The manner of breakout is consequential.
USDT.D is showing bearish signs that translate into bullishness for the whole crypto market. However, USDT.D will be decisively bearish when the head-and-shoulders pattern plays out, and a confirmation can be seen. MA21 is acting as resistance right now. A break below the neckline and a retest will confirm a move downwards. It is worth mentioning that this is the...
Hello guys. Hope you're doing great. I think the chart is crystal clear, so I will avoid any further explanation. Please push the like button if you find the idea of value.
Hello guys. Hope you are doing fine. XRP has printed a bull flag in the weekly timeframe. If MA50 is reclaimed, I think a pivotal moment will come to pass that will most likely coincide with a break out of the bull flag. The only concern is the dwindling volume. If volume picks up and we witness a breakout as a result, XRP will have a lot to offer. However, the...
Hello. Hope you are having a great time. Let's get down to business. ETH is testing an important trend line that used to be a strong support factor. When such a significant factor is lost, in my experience, it is hard to reclaim it ASAP unless we are dealing with a deviation to trap bears. As you can clearly see, in May 2021, we had the same scenario but for...
Hello guys. Hope you are having a nice day. Today I have decided to perform an analysis of THETA. Technically, THETA is in a descending wedge in the weekly timeframe, which is USUALLY a bullish sign. The ceiling and floor of the wedge are reliable factors as they have determined the price behavior in a significant fashion in the past. Critical levels are...
ADA is on the verge of losing EMA100 in the weekly timeframe. If the current weekly candle closes below EMA100, the possibility of losing the critical support area below will be real. Personally, considering the weak volume and bearish behavior of the price, I think more bleeding is on the way. Plus, the grand scheme of the markets does not bode well for the...
Hello everybody. Hope you're having a nice day. I am going to lay out my view regarding the current BTC situation. I still firmly believe that BTC is in a bull flag in the weekly timeframe. The mid-line of the channel has been respected on several occasions and I find it incredibly valid. After the bull trap that ensnared bulls in October and November, I think it...
LRC has managed to break above the descending trend line that is designated in black. POC aligns perfectly with the resistance zone, and I expect a retest of the trendline to confirm an upward movement. Volume has declined in a significant way. In order for LRC to scale higher, more liquidity must flow in. Resistance levels are designated in red and support levels...
I can see a bullish flag. The price needs to break out of the flag and retest it and then hold it, so you can open a trade safely. The volume is significant. The POC line of the VPVR is flipped and I assume bullish momentum must build up soon.
The price action has printed a head-and-shoulders pattern. To confirm we will go down. we have to wait for the price to break down below the neckline and retest it. Then, we can wait around 1.7 to open a long in case the price shows signs of reversal. Good luck.
SRM is in the midst of flipping the resistance level to support. If the current 12H candle closes in the current fashion, I expect a massive upside to 18. The rounding formation at the bottom has the shape of a parabola. I intend to exit at 18. If you're a hodler, you might want to wait for higher prices. Good luck!
Hello dear traders, Hope you're all doing fine. After yesterday's BTC plunge, many bears have started to crawl out of their caves, but I think being a bear right now will cost you everything. I have my own reasons and I will explain them here. First, I would like to discuss the critical price levels BTC has to face. As many of you might be aware, a critical...
Blue rectangles are daily levels price has to contend with, and red ones are weekly levels price has to conquer. We seem to be on the verge of a breakout out of this humongous triangle. EMA30, EMA50, and MA21 are acting as clusters of support. The weekly outlook seems bullish. Volume seems to be picking up.
RAY is riding an ascending triangle, which is bullish. The ascending trend line has been respected a few times to validate the triangle. MA30 is acting as support. A retest must follow a breakout to confirm an entry.
MA50 & EMA50 are strong clusters of support. LUNA is about to break out of a descending triangle. To confirm the breakout, the price action must retest the descending trend line and hold it to validate an entry. The volume is decent to propel the price higher. The major resistance zone is designated in rectangular red. The major support zone is designated in...
MACD is divergent in the positive area and has room to grow. The price is riding a trend line and has managed to break out of a descending trend line that was resistance. The value area between 0.081 and 0.092 shows that TRX has enough strength to scale higher. This trade could procure a profit of 35% - 40%. The support zones are designated in green and resistance...