EdgarTigranyan

EdgarTigranyan

Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of a symmetrical triangle pattern and the price of ETH trading above 2k once again. Let us find out where can the price go next, and what are the targets. If we extrapolating a measured move from this pattern, we have a bullish price target at $2280, and a bearish target at $1660. This will...

EdgarTigranyan

Hello all, and welcome to all my new followers. Looking at BTCUSD on 4HR timeframe, we see a confirmed formation of a bear flag pattern. This pattern has a potential downwards move all the way down to $20,000 which is another 28% drop. This is very realistic and more like the real bottom of this cycle. The $20,000 is a huge level of support not only for being a...

EdgarTigranyan

Hello all, and welcome to all my new followers. Looking at ETHUSD on the daily or on 4HR timeframe, we see a confirmed formation of a bear flag pattern. This pattern has a potential downwards move all the way down to $850 which is another 55% drop. This is very realistic and more like the real bottom of this cycle. The $850 is a huge level of support and the...

EdgarTigranyan

Hello all. Looking at Bitcoin on the 4 hourly timeframe, we see that not only BTCUSD managed to stay inside the falling wedge pattern and above the 30k price, but also has formed an ascending triangle pattern on the 4 hourly chart. Ascending triangles are a bullish formation and forecast an upside breakout. However, they can also break bearish out of the...

EdgarTigranyan

Hello all. Looking at etherium on the 4 hourly timeframe, we see that not only ETHUSD managed to stay inside the falling wedge pattern and above the 2k price, but also has formed an ascending triangle pattern on the 4 hourly chart. Ascending triangles are a bullish formation and forecast an upside breakout. However, hey can also break bearish out of the...

EdgarTigranyan

Hello all. Looking at Bitcoin on the weekly timeframe, we see that the bitcoin price broke below the ascending line of support and now found support at the 200 week EMA at 25k price. With the weekend ahead and the RSI oversold, the question is whether bitcoin price will remain above 30k or not. Let's discuss. The price of Bitcoin broke bearish out of the...

EdgarTigranyan

Hello all. Looking at ETHUSD on the weekly timeframe we see that the price of etherium has found support at the $1720 and currently trades above the $2000 price mark. The question is how long will the price of Etherium remain above $2000? Let's discuss. The price of Etherium broke bearish out of the rising channel and fell below the ascending line of support...

EdgarTigranyan

Hello all. Looking at Tesla's (TSLA) stock on the weekly timeframe, we see that the price of the stock has briefly dipped below the $700. This has marked an 8-month low, and the drop can just go on. As we can see, TSLA broke below the white ascending support line, at $800, which provided support for the stoc since August 20. The price has also broke below the...

EdgarTigranyan

Hello all. Looking at GOLD commonly quoted in USD as (XAU/USD) on the weekly timeframe, we see that the yellow metal has broken under the rising trend line and the 50 week EMA. Further downside could spell trouble for gold. If the price plummets below the support line at $1800, the yellow metal can see another 7.5% drop and head towards the 200 week EMA. The...

EdgarTigranyan

Hello all. Looking at BTCUSD on the weekly timeframe, we see that bitcoin broke below the yellow ascending line of support and also below the symmetrical triangle. "Two very important levels which bitcoin had to respect in order for me to remain bullish on BTC." While we broke below the symmetrical triangle which has a price target at 24k, bitcoin is also...

EdgarTigranyan

Hello all. Looking at ETHUSD on the daily timeframe, we see that the price of etherium trades back inside the falling wedge. With $2650 being a support level and also the weekly ascending line providing support for the etherium price, is etherium due to a bounce or will it drop further. Let us discuss. Looking at the yellow ascending line, we see that etherium...

EdgarTigranyan

Hello all. As the entire market, so does chainlink has approached a moment of decision. As we look at weekly timeframe. we see that link trades below the weekly ascending line of support (yellow line). At the same time, the current price trades below the 50 week EMA and also inside a descending channel(orange lines). The 200 week EMA sits at approximately $11...

EdgarTigranyan

Hello All. Looking at LUNAUSD on the daily timeframe, we see that the price has formed a second peak at around $110. While the price can surge towards new all time highs, it is more likely to see a retracement after a 130% run. Currently LUNAUSD is inside a rising channel with a resistance sitting at around $115 and the support at around $95. Stochastic RSi...

EdgarTigranyan

Hello all. Looking at ETHUSD on the daily timeframe we see that etherium is trading inside the (white) ascending symmetrical channel. As we can see etherium is currently facing resistance at the current price level, which in fact is the top of this symmetrical channel at $3300. With the ongoing etherium 2.0 hype, etherium has a greater chance of breaking up...

EdgarTigranyan

Hello All. Looking at ethusd pair on the daily timeframe we see that we just broke below the descending line of support which sat around $2500. The etherium price is back inside the descending channel yet again, and has a potential drop target at around $1500. Despite the bearish market sentiment, I believe that etherium can find very strong support at $1700....

EdgarTigranyan

Hello all. Looking at MANAUSD on the weekly timeframe, we see that this coin has broken bearish out of the (white) falling channel/descending channel. Currently MANA is inside the green up-trending/ascending channel. On the daily as well as on the weekly mana failed to break above the $3.5 psychological price barrier. Currently mana is due to a retest and here...

EdgarTigranyan

Hello all. Looking at ETHUSD on the weekly timeframe, we see that etherium is inside a major ascending channel. Similar to bitcoin's weekly chart, etherium also formed a (green) bullish hammer candlestick on the weekly timeframe and remains above the 50 weekly EMA. This rising channel had an upward movement with a potential target at around $5,500. This is a 90%...

EdgarTigranyan

Hello All. Once again let us take a look at weekly BTCUSD pair. We see that bitcoin continues to remain inside a major ascending channel/rising channel and since last week we have formed a (green) bullish hammer candlestick pattern. This rising channel had an upward movement with a potential target at around $73,000. This is a 100% potential long trade (without...