We can see a double top pattern in price, RSI, and OBV. Will you sell here or you will HODL it?
#BTC update: BTC price is at a very critical point. RSI broke the trendline to the downside, and price is at both static (green box) and dynamic (bullish trendline-orange line) support. If the price cannot hold these supports, I expect to see it around $55k.
RSI broke the bearish trendline, which is a sign of strength. I entered to this trade and will add to my position if it closes above the red line.
#VRA is one of the most strong projects in the crypto space, but I missed its rally :-( In weekly TF, it seems the 5th wave is completed and we should expect to see a correction. Also, I detect a channel. I hope to see a correction at least to the mid-line of the channel. RSI shows divergence and OBV is going to break the trendline to the downside. I will take...
#Houbi Token (HT) I researched this project, which is an exchange. They are building a great ecosystem like what Binance did before. Personally, I missed Binance and couldn't get a good profit from its run. But I believe HT would be a second Binance. So I bought a relatively big bag here. If it drops to the support area (the green box), I will start laddering on...
Great R:R ratio here. RSI shows strength too. OBV still doesn't show great sign strength but it shows money is coming to this one.
It broke the bearish trendline and also SuperTrend gave the buy signal. I saw this a bit late but I think still this is a good price to take a small bag. if it pullback to the support, I will add more to my bag.
I don't know why our current situation reminds me of a few weeks before the COVID crash in 2020. See the similarities I found in these two periods. I don't say this will happen, but it worth to keep it in mind. I still believe we will see another leg up before any types of crash. Based on the news, COVID is increasing across the world. In Europe, the situation...
It is very important to see a reaction to the RSI bullish trendline. Also, price approaching the mid-line of the channel. I expect to see a reaction in both. Above $60k area is safe. Under $60k area is a big warning. Manage your position if you are intraday trader. If you are a holder, then you can add to your position in the dip
Keep this under your radar. A close above the red line with volume would be a good trigger to take this trade. TP1 would give us 50% profit.
#LINK update: Although the market showed some weaknesses yesterday, LINK shows sign of strength. RSI is going to break the bearish trendline, and OBV also shows strength in the trend.
As you know about the RSI trendline, I'm still looking for to see another reaction to this trendline. As far as RSI is above the trendline and price stays above $60k area, the trend is still bullish. We had a bearish divergence in both RSI and OBV, and I believe this is a short-term correction. It's still too soon to talk about trend reversal.
I can see signs of strength here. It would be good to take this trade at this price. TP1 is $45 area.
A nice breakout and retest of the WRH. I expect to hit TP1 by tomorrow. TP2 would be the WR level.
The red line is so important. If it can’t hold it, then we will see a major correction here.
This is a sleeping giant, IMO. The upside potential is huge. However, I believe for the next few weeks, only the large marketcap projects will run. After that, money will flow to mid- to low-marketcap projects.
All it needs is a strong close above the red line and flip it to a support. OBV shows strength too.
In weekly TF, price should break the bearish trendline to the upside soon. If this happens, then we can expect to see much higher prices.