It's time to see a good bounce for 35 to 40% profit here
#UNI trade setup: Bough a good bag here. OBV and RSI show strength. If the price drops and closes below the support, I will immediately exit from this trade.
After seeing a bullish divergence in RSI, we finally see a bounce. But, price is at two important resistances now. For seeing continuation, price should break these two resistances, and then it will face $53k area. Breaking the $53k area to the upside would make us happy. Moreover, OBV broke the bearish trendline to the upside, wich is another bullish sign at...
This is what I think and plan for entering a short trade
A bearish candle pattern formed at a price action level (resistance area). I expect to see price going down tomorrow.
In log chart, it broke the bullish trendline to the downside and also completed the pullback to the trendline. As I shared with you before, Fib. 0.382 level would be the first support. If it cannot hold it, then WRL would be the next support level. However, I personally think if the price drops below the Fib. 0.5, it is the first sign of bear market for ETH. But...
#PBX If it can break the bearish trendlines (both on RSI and price), then we can see a good run. However, I think we would see another leg down. Good trade zone is on the chart
This is what I'm thinking as a possible scenario for BTC over the next few weeks. Study the chart
It couldn't close above $50k area. Everything is super bearish. be careful if you still have open positions.
It is so probable to retest the $40k area once more. If it cannot hold this area this time, we can say the bear market is here. Also, for seeing higher prices, we need to see the bearish trendline on RSI breaks to the upside. till then, no reversal should be expected.
I talked about this channel and the pattern for a few weeks and as can be seen, prices follow the pattern perfectly. Also, it broke the channel to the downside. Personally, I'm looking for a bounce to $60 to $62k area to close a few positions I have at breakeven and think more about short trade opportunities.
If it cannot hold the orange line, then I expect to see the price in my trade zone.
ETH is very close to a very important price level. If it can break it to the upside, the next target would be around $7k. If it fails to break it to the upside, then I expect to see a correction to the WRH and Fib. 0.382 level.
This is one of the most bullish charts now. I put my orders in the trading zone.
#DYDX is getting ready to 🚀 it found good support and RSI shows a sign of strength. December would be a good month.
#DOT update: Looking at this chart patiently. It seems a correction here is so probable. OBV is going to break the trendline. If it happens, a correction would happen.
Are you scared of buying Cardano? I think this would be a good opportunity to buy or add to your position. $1.10 to $1.30 would be a good area to buy. There are two dynamic supports (Orange trendlines) and one static support area (yellow box) I put a big order in this area
This is a Web. 3 project with a huge potential to hold mid-to long-term. Price is at very strong support. Would be a good place to buy one step here.