/30m chart/ The price is now bouncing off this 11-day trendline and static support zone. Possible push towards 39k again. If current support is lost, the next local support is >36k, then >33k
The dominance has formed a local descending formation - it's either a channel or a wedge depends on how you draw it- but either way the odds of it breaking to the upside are higher. If it continues to drop within its trendlines, it will soon reach an important zone (4.35-4.20) which is also where the lower trendline of yellow parallel channel is. This confluence...
The previous support zone was lost, and the move is now slowing down as the price has reached ~38k support zone (blue). There's a potential for some recovery towards 41k zone. Positive aspects: - The price is in a falling wedge formation which is getting very tight - The price reached support zone (blue) - Today's dip is where "1" trend-based fib time extension...
AAVE was in a downtrend pretty much all throughout 2021. The recent pump got rejected at dynamic/static resistances, but the price is now back at important support zone(green), giving us a solid pre-breakout entry: Entry(pre breakout): buy between current price -- 210.0 -- or buy first given pullback once the price breaks above 281.6 (safer...
TCT has been in few months accumulation. We can expect a breakout attempt soon as the price is about to reach dynamic support(blue) which is also the bottom of macro parallel channel. Entry: average buy in range 0.4xxx - 0.3xxx Static targets: 0.041x 0.051x 0.063x 0.081x 0.10x 0.11x +use channel trendlines for dynamic targets...
BINANCE:BTCUSDT is now at a critical point of potential reversal. We still need consider that what's happening now might be just a short term recovery, and the price may get rejected from here. What we'd like to see is a push to the zone of resistance (~53000) and successful retest of 200EMA and current dynamic resistance (purple) just like in August...
The price has reached the bottom of macro parallel channel and broke out from the local formation while being supported by dynamic and horizontal levels. Static targets: 0.11432 0.14595 0.19486 0.27908 +use channel trendlines for dynamic targets ----------------------- About ARPA: ARPA is a blockchain-based layer 2 solution for privacy-preserving...
The price touched mid channel resistance on Nov 7th (which was a primary target for previous buy- see related ideas) and established new ATH level. It then entered a corrective phase moving in a flag pattern. If we see a breakout from the flag formation, we can expect more upward pressure and possibly new ATH soon. If the market keeps dumping, we can expect the...
The price has been consolidating in the lower part of the channel for few month now. The current price action is similar to what had place last year(explained on chart) If the price bounces off 200EMA again, creating a potential double bottom visible on lower timeframes, it could be treated as a confirmation for that the accumulation has ended, and that the price...
The price left the previous symmetrical triangle formation in pretty much sideways style as the breakout was strongly rejected in the nearby area of horizontal resistance(red). Over the last month it has been consolidating on support/200EMA and is now getting close to another "variation" of previous dynamic resistance(purple) We can expect to see a push towards...
The price is getting squeezed inside of the symmetrical triangle formation. If buyers manage to push the price above dynamic resistance(blue), we can expect the price to enter the zone of strong resistance(red area). If buyers fail to hold current levels we can expect the price to go back to support (green area) The current trading range is a node of high volume,...
As global markets SP:SPX NASDAQ:NDAQ are dumping, so is Bitcoin. This obviously strongly affects altcoins as well. Those aren't the best conditions to trade in, but: The price has been consolidating on 200EMA/key level/node of high volume for over 120days now, and it seems like the accumulation is near its end. In choppy price action, it is hard to rely on...
The price has been moving sideways for almost 3 months now, and got rejected from 0.24 level multiple times. It's easy to notice, that the current price action is very similar to accumulation that had place in October-November 2020. Just like in the past, the price is soon going to get squeezed between the dynamic support and horizontal resistance (0.24), and will...
Although I always try to keep my charts clean, sometimes it's just not possible. The current situation on $NMR is an example. It's actually even more complex, because NMR is an old coin, it was first listed in 2017, but you won't find those charts on TradingView. -- 👇👇 I'm not allowed to post links here, but please read the comments to see the full 2017-2021...
The price is consolidating on 200EMA/node of big volume in an ascending triangle formation, preparing for a next move. It is additionally supported by nearby (and recently touched) zone of support(green) and dynamic support(orange). If this time THETA could break dynamic resistance (blue dashed) and key level resistance (7.25) we could then hope for some...
The price(well, value in this case lol) fell out of the rising wedge, after which it formed a lower high- which then turned into Head & Shoulders, and finally closed out the pattern by breaking the baseline. Waiting for break of 44.44 for a stronger confirmation. The idea is also backed by the previous ETH/BTC idea I posted (check related ideas below) as the...
Welcome to the second episode of my #GEMHUNTING series where I look for micro-cap coins with both good looking chart & fundamentals. The chart looks good. Although the price broke above horizonal resistance and did not manage to hold above this area, it came back down and entered the zone of strong support confluence. Major support (green) is also close, but has...
Black friday is already behind us but it seems like to was extended till Sunday. The price entered the area of strong support (horizontal, dynamic support, fib retracement confluence) and that dip was immediately bought- just look at the wick on current daily candle. And this shouldn't come as a surprise as Cardano is definitely a must-have in every long-term...