Mohsen_Abbassi

Mohsen_Abbassi

Salaam It seems S&P broke a long time ascending trend line, it may be returning back in this candle and make it a false break but if it keeps lower than the trend line, the fall will interact with the crypto market and go it downside as @JustinBennettFX told several times. If gone to 8% pullback, it interacts much higher in the crypto market. Close this 4h...

Mohsen_Abbassi

Salaam VET has an ascending channel below another bigger channel that informs more downside movement. A good trade idea is to wait for a break and retest the channel. The projective target of the pattern is about 0.098. Good luck

Mohsen_Abbassi

Salaam Do you see this sudden rise? What's your idea? We know VET, ETH and BTC broke ascending 4h channels, now need pullback. There are also rising channels in 30m time frame in all three cryptos. Should wait.

Mohsen_Abbassi Updated 

Salaam VET broke the ascending channel in 4h. It makes a triangle in 15m, broke it, and retesting, I place sell order at 0.118. Good luck

Mohsen_Abbassi Updated 

Salaam Rising channel coincide with the market exhaustion. I expect a retrace down to 0.087 area. It's the intersection of the daily rising channel, 61 FIBO of impulse rise, and key level. In the short time, VET is in 2 rising channels, 30m and 4h that expect to go down after breaking and retest of each one. I have a sell position from 0.134 and add to volume...

Mohsen_Abbassi

Salaam I only want to share what I see. The chart is unsorted and very drawing. I am also in a sell position.

Mohsen_Abbassi Updated 

Salaam Good day The VET stays on 3 ascending parallel channels. In TA we expect down movement after breaking an ascending channel. But breaking to the upside will neglect it. Totally and regarding total market movements, I expect some correction. The corrections are necessary for any market. Here is also 1h chart: Good luck

Mohsen_Abbassi Updated 

Salaam I think the market is totally overextended and need some correction to could continue rising. I sell ETH with 3350 as stop and 2700 as target. It also could be make double top pattern. Good luck

Mohsen_Abbassi Updated 

Salaam ETH had some trouble go above the 3270 area. Broke the ascending trend line and pulled back. I sell ETH with 3270 SL. Waiting to see this time if ETH will have some correction or bull market's steam will break the pattern and rise it to next resistance 3550-3700 area. Good luck

Mohsen_Abbassi Updated 

Salaam ETH broke the trend line and now pull back to it. I sell here with SL 3150. I keep my eye on 2700. Good luck

Mohsen_Abbassi Updated 

Salaam Here you could see the chart with more detail in the lower time frame 30m. After breaking the descending channel and rise to the last high, ETH hanging on 3170 key level. Now making symmetric triangle beside 3170. Breaking the triangle to the upside is equal to breaking the 3170 level and would be the start of the next up leg to 3600 area. Will see,

Mohsen_Abbassi

Salaam Here I share with you the daily chart that I see. 2900 was broken and serves as support now. The violet ascending trend line (coincide with the middle line of the parallel channel) acts as resistance now intersects with 3170 key level. Regarding the price action making 3 candles beside any key levels will lead to a break. So I expect ETH to break 3170 and...

Mohsen_Abbassi Updated 

Salaam After breaking the trend line, ETH is in a descending parallel channel. 2950 is a key level that broke and retested. I expect more bearish action minimum to 2600 area that intersects with 38 FIBO of the last daily upside impulse. 2350 is the next support if 2600 not keep. I placed another sell order at 2935. Good luck

Mohsen_Abbassi Updated 

Salaam BTC brine the advertising channel and retest. I short here. Good luck

Mohsen_Abbassi Updated 

Salaam I adjust the trend lines. It seems ETH broke the line and retested it. Trade idea: Personally waiting for 5m break the last lower low and retest it for more confirmation. I'll update when I place a sell order. good luck

Mohsen_Abbassi Updated 

Salaam There is a good triangle broken to the downside. Trade idea: Waiting for a retest and bearish price action in the lower time frame of about 12.55 Good luck

Mohsen_Abbassi Updated 

Salaam There is a rising wedge in the chart. Now it seems price breakout to the upside. If ETH wants to go downside, should return back to the rising wedge in the next 1h candle. If it does, it converts to a false break, in this case, it itself will be a good sign for sale. Moreover, the rising wedge is a bearish sign if not cancel. Note that in many pairs,...

Mohsen_Abbassi

Salaam Despite all cryptos are pumping, here I share with you what I see. There is a rising wedge with an upper false break and an ascending trend line. Break out to the upside and close 4h candle above 24.8 will neglect bearish scenario. Should wait for a breakout. Good luck