As you can see on the Chart there are 2 key levels:
200 EMA (Important moving average)
and 20 / 21 EMA (Bull market indicator)
On the daily we wanna see a close above the 200 EMA in the very short term, but on the weekly we HAVE to close above the 21/20 EMA.
What caused this dump? A combination of things.
A well coordinated dump with alot of FUD (Fear...
This is the Bitcoin chart on the weekly with some important information.
All the way down below you see "The bull market doors", for the ones calling out a bear market. Don't get delusional calm down, we're in a super cycle.
We just bounced of the big support area. MAJOR Support around that level
Bitcoin failing to stay above the 21 EMA, but we could see a move...
This is the AMC Entertainment chart, so as you can see its in a huge symmetrical triangle.
It could breakout or breakdown pay close attention to the trendlines, but mostly it breaksout with a nice target point *(As i marked above)
Conspiracy: Big banks and instutions investing heavily in this stock. Why? Just follow the money and hopefully we can ate a layer of the cake!
Holo (HOT), Technical Analyses a possible breakout from the trendline.
Only enter if broken through with good volume!
Target point #1: 0.021584
Target point #2: 0.024757
Target point #3: 0.031546 (All time high)
Target points if broken all time high, 0.039188 and 0.045496 (Important Fibonacci levels)
Downside would look like a retest of the support level and...
Vechain (VET), Inside of a Symmetrical Triangle.
If you want to trade this pattern wait for a breakout with good volume and confirmation!
Possible breakout to the upside (7.6 % increase)
Breakdown target upper support level (7.6% decrease)
Symmetrical Triangles mostly breakout to the upside, especially in the bull market.
Not financial advise, do as you please.
Bittorrent Chart - Breakout trendline
So as you can see there is a big breakout trendline, as soon as it breaks the trendline with good volume we'll fly high.
First target point around 0.01 - 42,3% increase
Normally i won't cover these type of Altcoins, but we can always put in a little money and trade the breakout.
If you take this trade make sure the breakout...
This is the Bitcoin chart, 05-05-2021. Based on the Fibonacci retracement levels: 0.786 and 0.618
Key levels where Bitcoin should find support or resistance. Looking for a bounce of support or a break through resistance.
Green rectangle - Long/mid term Key levels
Blue rectangle - Short term Key levels
Upcoming week/month Cardano is going to be killing it, as the charts can tell.
Always be aware of the downside of the big apex, people getting impatient with Cardano, but its so bullish on the weekly, daily so ZOOM OUT!