Mohsen_Abbassi

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

Mohsen_Abbassi

Salaam Pay attention to the concentration in the stochastics in the overbought region. (I don't know what it calls usually if you know, let me know) But I think it results in a dropdown. 0.0935 is resistance. I'm still keeping my short position at the average price of 0.087

Mohsen_Abbassi

Salaam I redraw the chart. There is an ascending trend line. The vet is now below it. Regarding the market is over-extended in 1h, it needs some retrace. the market has good momentum, waiting next 1h candle to close to see if VET could break or not?

Mohsen_Abbassi

Salaam I only share with you a possibility that I see. There is a rising wedge and VET is near the upper line. If the rising wedge plays a role, it will result in going down for VET. 0.0873 resistance. Also, bearish pin bar and over-bought in the stochastics indicator. So I expect VET will retrace more. Good luck

Mohsen_Abbassi

Salaam it's a long time that I didn't share any chart and want to start again. Because other than it's work or not, it helps me to think better and decide. The total crypto market seems to retrace some. I decided to trade only in chart patterns or buy in dip. Now VET has 2 options: 1- go to 0.08313 (double top - rising channel) It needs to close the...

Mohsen_Abbassi Updated 

Salaam Here it seems a good buying opportunity near the trend line while total momentum is bullish. 1940 may be a good stop. Although closing the H4 candle is a good sign of market behavior, I already open a buy position but keep my eyes on how the H4 candle will be close. DO NOT forget risk management! Good luck

Mohsen_Abbassi Updated 

Salaam Good day VET consolidates in a triangle. if it closes above 0.094, could rise to 0.12-0.13. In total, I think VET will outperform ETH. The minimum price target will be 1$ for 8 months period. Make your analysis before trade! Good luck

Mohsen_Abbassi Updated 

Salaam Hope have a good holiday and weekend! All crypto markets had some correction these days, the end of the correction will be a good buying opportunity. If ETH wants to end its correction, needs to close above 1730 to make a new higher high at least in the H4 (1790 make better sense). But there may be remained a dipper correction in the crypto market in the...

Mohsen_Abbassi Updated 

Salaam ETH still consolidate between 1750-1900 for several days. Regarding the SP500 break and price action, it seems more likely bearish. there are several bearish scenarios, the supports are: 1730-1680-1640-1440, and the 1200 area coincide with the lower line of the ascending channel. To end the bearish scenario, ETH needs to close a daily candle above 1920....

Mohsen_Abbassi Updated 

Salaam In the daily chart, it seems ETH wants some correction.

Mohsen_Abbassi

Salaam ETH rebound from h4 trend line.

Mohsen_Abbassi Updated 

Salaam It seems the correction going to end after a 50% retrace of the movement from 1730. It's only one scenario, ETH could retrace some deeper. Be aware of the opposite scenario too. Breaking the descending trend line in the m5 chart would be a good trigger for a long. good luck

Mohsen_Abbassi Updated 

Salaam Regarding the total bullish market, every dip and retrace would be an opportunity to buy the dips. think simple and trade safe!

Mohsen_Abbassi Updated 

Salaam If break it to the downside, could send 1600 at first. Should check price action there.

Mohsen_Abbassi Updated 

Salaam ETH can't make a higher high in H4, now I'm waiting for making a lower low. It also seems head and shoulders pattern forming. In the H1, it also forming Head and shoulders , waiting to make the left shoulder. It also breaks the EMA 10, EMA 20, and 1550 level to the downside and now pullback to them. Closing the H1 candle above 1550 and EMAs could...

Mohsen_Abbassi Updated 

Salaam ETH has some reason to bounce from the 1550 area: In H4 ETH made higher low and highs, 1550 is 61 FIBO retrace. 1550 is also the intersection of two trend lines. H4 descending trendline that it pullback and also H1 ascending trend line. 1550 also acts as a key level that ETH bounces several times. 1550 is also H4 EMA 20 which acts as a dynamic support. I...

Mohsen_Abbassi

Salaam The pullback to the broken H4 triangle is almost done. It also could make some spikes to the upside. So check the SL after each hour after the candles close.

Mohsen_Abbassi

Salaam As you see, the h4 triangle is broken, waiting for a pullback. It may send ETH down to the 1165 area. Remember for high volatility in the area, it could go far at our target, it's OK and we should check the h4 candle after its closes. Good luck