Currently we see a formation very similar to how it was broken before and added to a fibonacci retracement we can see how it is located in support and also at the base of the parabola, we believe that it can break the diagonal of the downtrend and that this is a strong movement. Let's see some news during these 10 days, maybe this one because something interesting happens.
Attention to BTC Levels
We are currently consolidating, it is not something serious but nevertheless, we have to pay attention to its daily closings that none of them closes below our support of 56k since in that area although demand is high, we do not find strength bullish below.
What is marked between small circles are crosses of SMAs 50-200 which are very...
Currently we see how the same movements are repeated in these two currencies with a wide difference of the year but if you try to trace fibonacci channels, we can even see that the rebounds are very similar, even obviously. Of the fractals made lately they were very accurate, 80-90% I think it's time to be there in Ethereum as a medium-term investor and being...
Undoubtedly, in the face of a loss of the 53-54k level, I imagine that this could be a scenario that seeks to reverse the situation when the rebound occurs, I would try to close my short operations before a loss of these levels.
Avax scenario, probably in the yellow zone an accumulation will be repeated to shape a second fund where it can break upwards with the help of the hyperbola or else it will fall towards our 100-period SMA which has not touched it for a long time and This one had already shown us a strong reaction. Whereas if we see the case of Dump it would be better to close the...
In this scenario, we could see how it could not recover the trend line and after that, it went down to look for a 618 from the 2nd bottom to continue falling. Currently I do not expect it to be like that for my positions but if I see a very strong red candle I think I will close all my positions even in loss.
Currently we see how we are approaching a cross from macd to 1D where this recently produced a large bull run and also finding a strong reaction zone in our rsi where previously in its retest it produced the same as the aforementioned indicator.
We are currently in an entry zone where we have a support of 1.618 fibonacci extension , and where we would wait a short time where there is also a weekly golden cross ( SMA 50-200). I consider that it is a possibility of a future purchase.