Hi Traders, Crypto is breaking down. We would like to see a completion of the downward move by breaking the support line at $22. Thanks The Market Sniper Team
Hi Traders, We're back with an update on our most favourite crypto. ETH has taken the lead finally, pushing for higher highs and creating new all time highs. However, there are signs of the move up weakening. Thanks The Market Sniper Team
Hi Traders, An important update. If we break the top trend line + resistance we can expect price to push much higher. However, we fail to break then we can expect a large move down in price in search of demand. Thanks The Market Sniper Team
Hi Traders, We have here a chart update. DXY seems to be pushing higher for now, which could be a sign for crypto to push lower. If we do see a break up on the DXY as well as a break down from BTC then we can expect for this crypto to follow suit. Great opportunity to take a short trade. Thanks The Market Sniper Team
Hi Traders, BTC seems to be lagging behind ETH. ETH has already broken down further, tested the 0.618 and then pushed higher as expected. We feel BTC will follow suit. Thanks The Market Sniper Team
Hi Traders, An update to our last post. Price has finally pushed higher and testing resistance areas. Even though we are expecting price to push higher the overall trend will be bearish. We would like a test of the $1380 resistance, to strengthen the move. Thanks The Market Sniper Team
Hi Traders, We're currently sitting own a 12% increase just today. No signs yet of sellers taking control. If this trend continues there will be a good entry for a short term long, if not look for an entry back to the downside once more selling takes place. Thanks The Market Sniper Team
Hi Traders, Still no signs of the bears taking back control. We will look for further supply of order. Thanks The Market Sniper Team
Hi Traders, Still no sign of sellers taking back control, therefore we can look for a continuation of an increase in the price of BTC. Thanks The Market Sniper Team
Hi Traders, Back with a quick update. Looks like we will be pushing higher and looking for further resistance. Thanks The Market Sniper Team
Hi Traders, We have here an XLM analysis. We've seen a nice rejection of the 200MA as well as testing past support and resistance. Price is currently pushing higher, we will look for a turnaround in the grey area where we can see there is a concentration of orders. Thanks The Market Sniper Team
Hi Traders, Back with an update on ETH. After the most recent fall in price, we've seen a nice push back up with low volume, indicating a potential further fall. We will be looking at the next supply zone for turnaround. Thanks The Market Sniper Team
Hi Traders, Another update on BTC. We saw a nice fall down to the demand area of $30000-$28000, we would like to see a push up in price to find supply and much price back down as buy side volume is showing signs of weakness. Thanks The Market Sniper Team
Hi Traders, A quick update on ADA. We saw a fall in all major cryptocurrencies. This was great as now we have reset of price bringing in more potential buyers and sellers (liquidity). Volume isn't great on the this retrace back up indicating that we may see a further fall. We will be looking at the 0.618/0.786/1 Fibs for turn to the downside. Thanks The Market...
Hi Traders, Oil has made some crazy gains due to the increase vaccinations being distributed. We have also more recently seen the inauguration of Joe Biden. Today we have news on monetary policy for the ECB. Due to the amount oil has gone up we would like to see a retracement to build some liquidity. Thanks The Market Sniper Team
Hi Traders, Btc broke down from the triangle formed. We are currently resting on the 200 MA on the 4hr. If we do not break the 200MA we can expect a move back up. We will watch for the test of the bottom of hour triangle. If price break up from here then we can expected price to continue moving upwards. However, if this is not the case and price continues or...
Hi Traders, We are currently trying to break the trend line. There are two scenarios, 1. if we fail to fully break the trend line then we should see a move back up to the 618 Fib. However, 2. if we start to see sell side volume and the move to break he trend line strengthening then we can expect a further fall to support at 1150 roughly. Thanks The Market Sniper Team
Hi Traders, Hope everyone is well. We're back with an update on ETH. The flag pattern seems to be the recurring pattern. If the breakout fails we'll see a retest down to the squaring off area $709-716. However we also need to be aware that normally we see profit taking in markets at the end of the year. Thanks The Market Sniper Team