The price is experiencing interestig scenario.
On one hand, the overall sentiment is bearish with the importent levels of $7100 and $6800. This is almost a triangle pattern that implies the strong impulse afterwards.
On the other hand, the price still consolidates. Thus, I cannot exclude longing from about $7100 lvl with short stop.
At 1W timeframe the golden cross is being formed which is a sign of bullish pressure. Even within the bearish channel that is observed since spring. The significant level of $7830 might be broken in the foreseeable future, starting the bull rally.
Otherwise, the target levers for bears are $6800 and below.
The price on a large scale remains in a long-term bearish channel since the beginning of the summer.
It seems to continue fluctuating inside it. I'm rather bearish, even regarding short-term bullish impulses. till the upper border breakout.
Ethereum price after a decline to almost $130 level managed to stay above the support line.
It experienced the strond reversal (bullish) movement and further price consolidation.
As it can be seen at the 15m chart, the price is currently in the potential bullish flag formation. If succeed, the price may experience an increase after the flagpole...
XBTUSD price has been experiencing the downwards tendency for several month already.
The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range.
Currently, the price is consolidated around $7400 level with the potential to retest. If so,...
BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it.
Just closed my modest short trade at $7550.
However, if we consider an upcoming halving tendency that is supposed to trigger the price growth.
Furthermore, at 1D...
Ethereum price experienced an upwards trend in a triangle since the end of October.
On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180.
This weekend the price again was back to the former support and formed the retest pattern so far.
The price scenarios are 175 lvl eventually in case of bearish pressure. For...
BTC price experienced a decline during a week approximately.
Many consider the dynamics rather pessimistic after theis week. Personally I am not convinced in strong bearish rally, would better wait for any border breakout, anyway...
Possible targets are still accessable by both bulls and bears.
Probably sth interesting will happen at $ETH chart.
Keeping abreast to open a trade!
The price consolutdated more and more that is a sign of possible impulse.
Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown.
Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears.
Recently, the price of BTC experienced an array of impulces, along with the low of the month.
Managed to take an advantage of the latest price movement with the short trade afterthe strong level rebound ($9100).
Opened short at the confirmation movement and closed at the price consolidation. Overall, 250 points gain.
At the chart there are the major price...
Ethereum price for now entered a third diapason, an upwards one.
The strong levels that may trigger price consolidation and reversal trend are
$190-195 - upper border (range)
$180-175 - lower border (range)
Currently, the price reached the lower border of the diapason.
Waiting for breakout or rebound, supposedly, to open a trade.
What are your projections?
ETH price after following an upwards range from the 3rd of November approximately, broke its lower border and entered the opposite downwards trend.
The short was opened at the retest of the former lower border of the diapason and closed above the second strong resistance level ($185 approximately).
XBTUSD price after the triangle pattern breakouy folloved the clear range between the resistance of $9480 approximately and an upwards support line.
The price provided again the opportunities for diapason trading. Thus, I shorted at the resistance rebound and closed tha position at the support line reaching with the 160 points gain.
Currently looking for...
Ethereum is finally out of the neutral range.
Opened the position after the second breakout and closed at the upper increasing range rebound.
Bullush scenario: The level of $200 is the next target with the price moving supposedly in the green range.
Bearish scenario: In case of the decreasing tendency the price is likely to cross the reutral range and then hit...
After the upwards trend the ETH price entered the diapason of $180-190 and was fluctuating inside it.
That gave lots of range trading and scalping opportunities.
As for the further movements,
1) Bullish scenario: After reaching $190 level, the diapason below $200 is likely to be followed by the price.
2) Bearish scenario: Coming back to $180-190 range and then...
XBTUSD price after breakout is moving in the diapason of $9000-$9400.
The price formed an upwards trend inside the range and broke it out after the upper border of the range rebound.
I opened a short position at $9320 after a breakout and closed a half with 200 points gain. Waiting for further movements.
The next targets are on the chart.
What is your...