LUNA breaching the red resistance bar must have a corresponding strong MACD position and must pass the 3.2 level otherwise the MACD will create a Bearish Divergence against the price action. Currently, the MACD is not catching up. Price action is fast approaching resistance. Watch the white trend support line, LUNA must stay above it to continue it's bullish...
Breakout either to the downside or upside. 200EMA up ahead, possibly price may remain below it. DPT: 3.25 2.87 2.62 UPT: 4.35 4.73 Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
If Bitcoin would now consolidate and range (go sideways) from here or find support at the 382 Fib, plus if it would continue to respect the green support line then by April or May 2022 Bitcoin could continue it's destined journey to new ATHs. Otherwise, if Bitcoin breaks the green support then here are the target...
The immediate objective for ADA bulls is to move price towards the green trend line. 50D EMA is now about to reach the 200D EMA moving towards a possible Dead Cross scenario. There is still no bullish cross on the Week Stoch RSI although it's at the Oversold Territory. The MACD has a massive bullish cross. If the bears still have enough steam then the pink...
Bitcoin has now painted a High High and a couple of Higher Lows with a Market Structure broken at $47,450 this asset is now trending upwards locally on this ascending channel. With the green ascending trend line issued as support, a breach of this line (like another flash crash) could bring Bitcoin down to the previous support at $43,334 or even lower. But for...
UPT: $55,790 (Orange Bar) Bitcoin passing the Orange Bar will be faced with the Red Channel @ the 0.25 Fib Bitcoin failing to push through 0.382 Fib will revert down to the Green Channel @ the 0.5 Fib Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
UPT: 0.568 0.669 DPT: 0.198 Awaiting XLM to get above the 50EMA, create higher highs and higher lows, and finally a breakout of the blue zone prior to initiating a long position. Stoch RSI: Oversold Conditions Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
Support & Resistance Levels Laid Out. UPT: 32.18 37.59 DPT: 24.76 22.0 Stoch RSI: Oversold Territory Awaiting for market structure reversal prior to initiating a long position. Waiting for high highs and higher lows to appear in the chart and for price to trade above the 50EMA. Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
UPT: 5972 6662 7643 MACD: Bullish Divergence Stoch RSI: Oversold Conditions DPT: 3050 Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
Bitcoin has gone into a consolidation phase but if it moves up or down this week then here are the next levels to watch out for. UPT: 1. $53,626 2. Retest resistance @ $69K Conditions for a bullish reversal... Stoch RSI: Currently at the Oversold Territory MACD: Under the Zero Level. DPT: 1. Retest support @ $44.1K 2. $36,429 3. $28,742 Price action is...
Chart Pattern: Descending Broadening Wedge Bitcoin currently at the support trend line and had created a new lower low but the MACD has no even come close to the 1053 level which means this could possibly create a bullish divergence against the price action. Stoch RSI: Oversold Conditions UPT: 1. $61K (Base of the wedge) 2. $62,355 DPT: $48,825 Price action...
Dump to $52K then a rebound off the support at 61.8% Fib and the ascending support trend line. Potential overthrow @ $89.9K target at a little past the resistance trend line of this ascending broadening wedge towards the "Golden Pocket" and an epic crash down to the base of the wedge at $32K down to $28K. 1.618% Fib is at $87.2K MACD and Stoch RSI: Bearish...
Expecting the unexpected. Just when everyone is feeling very Bullish, a classic "Rug Pull" could ensue. Potential "Dead Cat Bounce" scenario after a bounce off support (green bar) and a classic Inverse H&S (possibly currently forming). Keeping aware of this scenario as a Bearish Divergence has been painted on the Day MACD and the Stoch RSI has approached the...
UPT: $63,760 DPT: $53K MACD: Bullish Divergence Day Stoch RSI: Upward Directed Momentum from Oversold Conditions Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
Descending Triangle is Bearish, although the momentum of the Stoch RSI is directed upwards. Be very watchful! UPT: 5831 DPT: 3499 3129 Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
Double Bottom Bullish Pattern MACD: Bullish Divergence Day Stoch RSI: In The Oversold Territory Fulfillment of this pattern will bring Bitcoin back to $63K - $64K Break of the blue support bar will bring Bitcoin down to $54,300 and further descent will be towards $53K on the Fib Levels. Price action is KING! More power to all your trades, my...
BEARISH! MACD: Bearish Divergence Stoch RSI: Downward Directed Momentum from the Overbought Territory DPT: 1. 44,116 2. 36,429 3. 28,742
Bullish! If this support trend line holds Bitcoin may range inside a horizontal triangle and eventually push towards a potential ascending triangle at the red bar $61K. Break of the support trend line will result to a dip towards the 50% FIb Level at $54,299 and further down towards the Golden Fib Ration at 61.8% Fib Level and $50,830 - $49,899 (Golden...