AXS is in a bullish channel. The resistance has been retested successfully.
Here is all you have in Etheruem... We may have a retest over the pointed strong zone. If it breaks, we will not see a good result...
An interesting pattern has been forming and the retest is confirmed now. *Enter at your own risk.*
Bullish factors: 1. We've broken the resistance. 2. We've got the retest recently. 3. EMA20 is going to break the EMA50. 4. The price is still over the EMAs.
All the buy setups and take profit positions are mention on the chart.
We are going to see another downtrend of BTC reaching 23367$. Why? 1. The price is under EMAs. 2. The EMA20 is under EMA50. 3. The RSI couldn't break its resistance yet. ------------------------------------ Thanks >_-
As the chart illustrates, we have a special strong resistance in the price of 0.2825. If it breaks, it will reach 0.4846. Otherwise, we will not see a good result.
As you see, we have retested the price of 0.2480. The price is under the EMAs and I assume that we have a great fall over the 0.1955.
Sand is repeating its previous scenario as you can see in the chart.
The history is being repeated... I'm eager to see your ideas.
The price has retested the dynamic blue trendline recently. If we lose this support, we can see the price of 0.3820.
The price is retesting the EMAs and Fib 61.8. Also, the EMA20 is over EMA50 and the RSI is retesting the resistance.
All the factors that prove a bearish movement signal, are mentioned on the chart.
I believe that the first support level is strong enough to push up the price again. Because the previous support was really sharp and this makes it stronger. But we have a bearish dynamic trend line that resists. Also, the price is still under the EMAs. These factors show that we've got a bearish signal...
The EMA20 is going over the EMA50 and the RSI has touched the dynamic resistance. And also the price retest is confirmed. I think the is no problem but we have to wait and see if the last candle closes over the blue dynamic resistance line.