The Volume for this Breakout was high, but there is still the possibility for a FAKEOUT.
The BollingerBands getting tighter, this shows a HIGHER Chance for a big Move in one direction.
We should wait now for a confirmation.
--Dont let the FOMO control your Trading now.--
Above is the SMA20 on the Daily Chart , this is why there was a rejection on the H4...
Link/USDT is a really high volatile Asset
This here is only a little Analysis.
Link Outperformes BTC everytime when BTC moves 1 % up .
In the H4 its now a bullish Pennant all important Moving Average are under the Price for Support.
Above is the 3.5$ Level its the last Resistance before the Important Weekly Resistance.
4.7$ will break with a...
In the H4 there is a consolidation , its forming a bullish Pennant atm.
The Volume is also decreasing thats good for the Pattern.
A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$
WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here.
there is always the possible...
Hey guys here is my update after the bug Move from the last Hours.
FIRST of all, please always keep safe from FOMO as a serious Trader.
There will be always an oppurtunity to take a Position in the Market.
BTC was strong last hours and days please keep in Mind that the overall overview is still Bearish. ( D1 - W1 )
H4 and lower are with the Break of the...
Just read the Chart, be strong against any FOMO feelings.
Remember, there will a trade . Anytime on everyday.
If you just hunt the 9-10% of ETH from today, you will lose your money and capital on longterm.
WE ARE STILL IN A DOWNTREND
WEEKLY : DOWN
Its only a Short Analysis.
Please dont forget in the Most Assets, we are in a Bear Flag .
And the Price must close and confirm above the Goldenpokets to change the Trend direction.
For a real Bullrun, we need a new CLOSE Higher High on the Daily.
! BNB got a high correlation to BTC, keep this in mind !
As i write down on the Chart, this could be the bottom.
Its really important to claim the PURPLE Area to change the Progression Direction and start a Bull Run. ( HIGHER HIGH ON WEEKLY )
If you are a really aggressiv Trader you can search now for a Entry on Longterm .... BUT... i always want to wait for a Confirmation and i want to enter with a nice Chart...
ETH and BTC has a high correlation so ETH Chart is nearly the same like BTC.
BTC is also the Index from all other Cryptos ( Like the Dow or DAX ..)
So its really important to watch what BTC will do the next days, for me we need first a cleary bullish sign with strenght before i will take a Position on ALTcoins.
F1 = Bearflag small
Here is a short Analysis for BCH/USD
I think actual it looks really like an EVE & ADAM Double Bottom.
I will place BCh on my Watchlist i will do an Update.
If you like my Analysis you can follow me :)
You also can contact me for questions or my Trading Journal.
Hey sorry guys the previous analysis was deleted because i post it in the wrong Language, here is the same a little modified analysis from today.
Later this day there will be another one.
If you like Follow me i will do daily TECHNICAL Analysis