Look like sellers could control the market now, if buyers won't step in immediately. By the end of this week, if BTC won't be able to close the candle above $32,322 then BTC will have more downside coming the next following weeks ($28,000 and $20,000)
Case 1: Since 01/2021 (6.5 months), ETH has been holding strong and closed the weekly candle above the black line (support line). So the current weekly candle needs to do the same thing to protect the bull market and reverse the downtrend. we shall see by 5pm on Sunday when the weekly candle closes.
Case 2: If the current weekly candle close below the black line,...
From the candle 1, it's already broke out the pink triangle to move to the new territory and the candle 4, sellers to push it back to the pink triangle. If market could close above the $1926 by the end of this month, then we would see a higher high and the trend reverses
Luna had 4 weekly candles that closed above the red line, then it broke out the pattern and went parabolic.
Now Luna had 3 weekly candles closed below the red line, the current candle needs to close above the blue line (separate the bull and bear market). If it holds strong enough, then Luna has no problem to retest it ATH
1. Look like SOS found its pattern as a big descending triangle. It's weekly timeframe so we have to give it sometime to move within that triangle until it's breaking out to the upside. up to 3 months to 6 months to hit 1000% (the pole of the flag) - Target $40
2. Neutral RSI - still around 50
3. MACD is still having some downside, but we should see it reverses...
This is opportunity for Tlry to make a big move in history from downtrend to uptrend.
1. Monthly candle never closed below the yellow light support. It needs to hold this strong support to maintain the trend.
2. This could be a fourth month that Tlry hold above the upper band of Bollinger band - if Tlry could still maintain it
3. Tlry has an unique opportunity...
ZM is looking for to break out of the giant ascending triangle that sellers created back since October 2020. And if ZM created another golden cross like it did back in Feb 2020 then we will see a huge move return back to the uptrend (The triangle to me is like accumulation zone to prepare for the big move). In general, ZM is still in the long run bull market if it...
Look like BTC might drop down a little bit more if it could not move up back to $57600 next week (still maintain their higher low to create another higher high). If not, next drop down/strong support is $48k, below is dangerous zone for BTC. RSI is still going down so we will see lot of volatility