Mohsen_Abbassi

Mohsen_Abbassi Updated 

Salaam For the short term, 1h time frame, it seems ETH can't break the resistance and break the semi wedge to the downside. My TP and SL are shown in the chart. Good luck!

Mohsen_Abbassi Updated 

Salaam Happy Friday We see a good rally in the last 17 days from ETH as the only up move! It seems overbought and many people waiting to sell for now, but I'm looking for a buying opportunity. In the 4h time frame, we see coiling in the stochastics oscillator below the trend line. Also, ETH sticks just below the resistance of the daily descending channel. I...

Mohsen_Abbassi

Salaam BNB is in a descending channel (falling flag) and it seems to go to break it. Also, it's just above a key level and many coins break the channels and go upside. So it's a good idea to buy here or after breaking the channel. The risk reward ratio of the trade is very good. Good luck,

Mohsen_Abbassi Updated 

Salaam All healthy markets need some correction after a decent rally. VET retrace 60 Fibo of last up move. Also, there are falling flag (channel) in 15m charts of many coins that could be a good sign to show the correction will end soon. But remember that no pattern is perfect and always consider some percent to fail patterns. So, manage the risk and use stop...

Mohsen_Abbassi

Salaam it's time to see a nice BTC rise! The trade is based on ascending triangle that broke and retested. Stop shown in the chart and close 4h candle below 38300. Manage the risk! good luck!

Mohsen_Abbassi

Salaam VET is located inside a descending channel that is a rising sign. Waiting to break and retest. TP is about 0.053 Personally bought some lower but it's risky because it may continue to fall in the channel before breaking and also could break to the downside! Good luck,

Mohsen_Abbassi Updated 

Salaam After falling 2 weeks ago, Matic trying to recover. The first step is breaking the descending trend line. To continue rising, Matic should make a higher high and higher low. I draw my probable scenario for Matic but remember it has not to follow anybody's pattern and will do what it wants. Do not forget to set a stop for your trades. In this situation,...

Mohsen_Abbassi Updated 

Salaam ETH as king of altcoins keeps well above the support line of 2340. But there is a long way to turn bullish, ETH should make a new higher high from the last high of about 3375. For the first step, ETH should return back to the descending channel. If it does, the nest resistance is located around 2900. Manage the risk and do your own analysis before...

Mohsen_Abbassi

Salaam The market not seems good at all. I exit my long position. Get a small short on DOT based on the chart's drawing. (short term) don't have much conviction. Today have FOMC that expect high volatility in the market. T reduce your risk, you could close some of your trades and waiting to the market be calm down and reenter again. Good luck,

Mohsen_Abbassi

Salaam After a long time of red candles, seeing some bounce is very good! There is an inverse head and pattern that VET broke with 30m candle. But waiting for 1h candle to close significant above 0.052 is a better idea. The target of the pattern is about 0.059 but there are resistances to break. Waiting for the market to make new higher highs and lows, till...

Mohsen_Abbassi

Salaam Good day After making a bullish pin bar, now it seems we have an inverse head and shoulder pattern and also a falling wedge. Both are bullish signs. The target is around 2700-2800 area. We have the same pattern in BTC also that target is around 40k. Good luck

Mohsen_Abbassi

Salaam Good day After today's falling, many coins reach the last pattern's target. DOT reaches the base of the ascending triangle. The next target is around 15.5. Let's see price action here to decide.

Mohsen_Abbassi Updated 

Salaam Today we see some bounce. But the market arrives at resistance and in many coins, we see rising wedge or descending trend lines that could trigger leg down. it could be only a correction for the bounce but regarding fear, in the market, it could hit local bottom if don't go lower. So be cautious with your trades. Waiting for the market to break resistance...

Mohsen_Abbassi

Salaam After dropping 20% in just 2 days without any retrace, I expect at least a good bounce. Because no market moves straight up or down without correction. Here we have a descending channel in BTC (It's Justin Bennett's idea) and also inverse head and shoulders, wedge, and descending trend line in several coins that I checked. ADA, LINK, DOT, VET, SOL They...

Mohsen_Abbassi

Salaam Happy Friday ADA broke the long-term ascending trend line, broke the short-term descending trend line, and now sit on it exactly and could make a new higher low! To announce the beginning of the bull movement! It's only my opinion and what I did! Managing risk is the most important factor in all trading markets! Good luck

Mohsen_Abbassi

Salaam Happy Friday DOT is one of the best coins technically that I bought. Price action from 4th December that filled the wick and also double knock the level shows the bottom is near! Now it's located on the long-time ascending trend line. It could go to the lower support level at about 21 with a wick. I share only my opinion and what I did, please do your...

Mohsen_Abbassi

Salaam Happy Friday! Link is in uptrend from 14th December. It is located in key level and also last swing's low. I expect some bounce after this sharp falls even don't see higher highs. So I bought Link here. To be honest, 15-16 is an ideal spot to buy but I don't think it goes there! We'll see. I share only my opinion and what I did, please do your analysis...

Mohsen_Abbassi

Salaam happy Friday Regardless we are in a bull or bear market, it's not a bad idea to buy after 70 days falling and 65% OFF! Also, 4h and daily stochastic indicator are in the oversold state. I can't determine the exact bottom spot but understand that now is not a bad time to buy even the market not go to ATH! Price action from 4th December that filled the...