Ethereum has reclaimed the low range on daily and weekly timeframe. On the daily a beatiful demand zone has formed at that level, with confluence of recent local highs and with the fib .618 and .705 levels (check details in the update below). It is heading to hunt liquidily at local highs just below the daily suppply zone. You can see the liquidity at first high...
Macro analysis:
Russel 2000 is losing the little support it has left here. Below is a lof of inefficiency, and the next serious support is around the 1600 level. Doesnt look good for small caps
XDC is one of the few altcoins that is showing strength while BTC is consolidating at it's weekly demand zone.
Also a trend reversal has started with local higher highs en higher lows that have been formed. A higher low play could be what you are looking for, but wouldn't be my setup of choice since the major resistance level hasn't been gained yet. Also the...
After hitting resistance a few times Ardor managed to break and gain this level and found it's way back into it's previous range above it. This presents a nice opportunity when the price moves back to retest this level
Recently a intermediate S/R level was flipped (dashed line). Next is a bigger one around 30.7$. after flipping that level next target is 40.7, and when that one is gained Im looking much further up. This is long term ofcourse since this is a weekly chart. One for my watchlist!
DIA dumped hard after an all time high on the 5th of may in 2021. When BTC dumps, most altcoins dump too and it even dipped to the all time low a few weeks ago. Even though there are equal highs getting rejected by a resistance zone from the beginning of 2021, there are higher lows indicating upward price pressure. Some would call it an ascending triangle. Gaining...
A beautiful level has been gained recently in march 2021 and moved up creating a new high. Looking back on the chart this is a key level in the for 3M during the last few years: the high in august 2016 tested it and found resistance, in the beginning of 2017 the level was gained, tested as support twice with lows in the end of 2018, lost the level again in 2019...
The higher low in november 2020 showed a break in market structure from a long downtrend since mid 2018. A higher high followed in december 2020 which was the first confirmation for a trend reversal. The next higher high en higher low fully comfirmed an up trend, which is still going strong and recently gained a multi year weekly resistance zone , which is a very...
