Update from this idea: TRX has failed to stay above the triangle after its breakout, it is still moving upward with the support trendline and forming now a clear triangle. I would expect it to break out to higher levels, but now it is not time to take position anymore. At this point, it is better to enter after a clear movement that determines the future...
BTC finally broke the 200MA which can be interpreted as a bearish indicator. However, we are close to see a bullish cross between 200MA and 100MA. BTC is currently standing on the support of the trendline we broke in September.
Regarding the Fibonacci retracement, the 0.5 level is around $8,520. RSI and ADX don't give us much information. The ADX is close to pass...
The chart above says a lot. We have been breaking out from the daily falling wedge. We are sitting on a interesting zone. This zone has been the resistance of May’s bull, the support of June pull back, and a zone of bounce when BTC broke this area.
We can call this area as an important Support/Resistance flip.
We are now supported by MA200 which has been an...
Same as the TRX Chart, the Daily Chart was not that much inspiring to me. There is a lot of information on that chart. We can see LTC broke up from the smallest Descending Triangle & broke a resistance line (0.006520)
I expect LTC to cool off a bit because the RSI starts being overbought, but LTC is bullish here and will probably break the biggest Descending...
TRX Daily Chart was not inspiring me, so I zoomed in a little (actually, H4 is my favorite configuration, but i prefer trading Daily trends). So here TRX is in a bull trend from start of September. It is making Higher Highs and Higher Lows, printing a Rising Channel.
210 sats has been an important Support / Resistance before, so I'm watching the price action...
XRP found a temporary bottom here. The upward rally is not really impressive. I am watching both price at the bottom and at 0.00004 BTC to see if there would be a possible range to trade.
Watch RSI closely as it gets rejected at 75 really often.
Important Prices to watch:
0.00004 BTC (daily close)
The ETHBTC pair is really bearish. The trend is obvious here. The first red box would be my area for a short. The second red box is an important Resistance. It is outside of the falling wedge yet, so I would only use this area to long back if and only if it breaks and closes above.
Important price to watch:
0.0225 (1st resistance)
0.0250 (2nd resistance)
The Daily Chart of Ethereum is telling us a lot. As BTC, it has been breaking up the falling wedge. This is a bullish indicator, however, there is an high chance that we bounce on the broken trendline one more time, in the green zone, before looking to go higher.
Important levels to watch:
150$ : Level of a likely bounce
225$ : Level to break to make a higher...