We have a perfect descending triangle that has been playing out for a while now. I think 2 things could happen: It breaks out from the triangle and then we wait for the retest to confirm pattern to go long. Target supply zone: 1 - 1.10 It breaks downward till the next demand zone which is quite lower! Target demand zone in between: 0.40 to 0.43 ...
Hey guys! It's been over 100 days that IoTeX has been in a downtrend. This could be yet the bottom to be confirmed. We need a good breakout of the trendline to the upside with nice strong volume otherwise this could go back into ranging more for a long time or even continue falling despite the bullish bounce off this key monthly level. TRADING PLAN AS FOLLOWS:...
We've got a green market overall as BTC is breaking highs but still we need to be wavy of bull traps!! Specially in alt coins so trade safe and go little by little by areas and taking profits as price goes up. Here's my unbiased plan: Bullish reversal scenerario Confirmation would be when price breaks above 0.01950 then we can look for buy set ups Target...
Maybe is finally the time for RLY downtrend as it is losing steam. We can clearly notices from Daily Swings a divergence but also on the short term after a liquidity grab we've got a hidden divergence so there are a lot of signs for this coin to be turned around. The return could be really awesome! But notice it's been on a downtrend so DYOR Still it's a nice...
As you can see price has been in a downtrend for a while but for now we can clearly see an ascending triangle pattern that oftentimes lead to a trend reversal. My trading plan is laid out clearly in the chart. You can see TPs and SL as well as the best entry point. You can either wait for the breakout of this pattern or even a breakout and re-test approach...
I've been following this asset since March '22 and it followed the downtrend pretty strongly until it entered into a massive ranging mode. Even though the whole market was moving a lot, this coin continued to play under this strong range. Right now, I've managed to see a triangle formation which I believe it's crucial to identify which way price might go next....
We could potentially have 3 moves I could forecast. Bullish scenario First move would be a break above 0.0046 that would totally mean bulls are taking over but we could potentially see a second move that could be a correction towards previous resistance that has turned into support 0.0042 then the bull move would continue Targets: 0.0057 - 0.0066 Bearish...
Hey guys! We'll be monitoring for the bears to get exhausted we've got a couple of exhaustion candles in the daily timeframe and in the lower timeframes price is consolidating. Reversal Bullish Scenario: Target 0.012 safely as 0.014 has turned into a possible supply zone so I only expect to see a slow recovery short term. 0.015 is the key level which had...
Hey guys! We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range. Bullish scenario would play like this: First target: 0.019 then we'll TP For this to happen I'd like to see some sort of...
We've got 2 things that could happen: It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case: Bearish target would be: 0.15 - 0.17 area It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's...
Price has currently entered into a trading zone which we could try to predict 2 sides according to that it does in the next days or week. Key zone we are analyzing here: 0.0046 - 0.0042 Bullish if: Support holds and after a double bottom or inverse h&s, we get confirmation of a breakout from the pattern then we can go long. Bearish if: Breaks...
Point of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes. 1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered. If that happens then we would at...
Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there. We can say we've got a hammer as soon as it...
It's been on a strong downtrend even after the BTC mini bullish trend, it didn't reverse a flick. Per Ichimoku analysis this is going to the all time low at about 0.11 - 0.09 So brace yourselves!! Then we can think of buying if there's any demand at all. Happy Trading! Kina 💥
We are at a very important level right now. We either get any of these 2 situations so be prepared: Double Bottom created with RSI Divergence confirming the bears power has been totally exhausted at this point and price will start reversing till next Supply zone. Target Supply zone area: 0.020 - 0.021 2. We get a downwards momemtum candle breaking...
As you can see DEXT has been in a rising channel until it eventually gave the breakout pattern after touching Supply Zone marked by the red rectangle afterwards price got rejected. Please take this area as our Take Profit zone. We have a perfect triangle formed making lower highs consistently now it's about to burst. So we either get: Breakout upwards wait...
After hitting supply zone around 0.11 - 0.10 it started to decline up to the point that we are currently at a demand zone. From this zone I think 3 things could happen: We get a bounce off this level to continue the descending triangle pattern up until TARGET: 0.09 and then it could actually breakout from the entire triangle instead of declining again but...
CTSI breaking out from the ranging market and possibly turning into an uptrend since bulls are taking over with a weekly bullish close above supply zone!