Interesting..It seems the S&P500 which represents the 500 leading companies in the U.S crashes or goes into correction each time it creates a strong bearish divergence on the RSI, this time will work out again? it appears so.
This stock has actually been around for 2 decades now, and at its peak, in the year 2000, it was actually sitting at $500.
ever since many ups and downs and eventually it has reached today's price at below $1.
Recently it has announced working on new tech, added new staff members, and seems to be willing to start growing again after sleeping for such a long time,...
Considered to be the Tesla of China, has risen significantly in the last couple of months after securing additional funding and expending rapidly.
Now entered a rising wedge on the chart, RSI is extremely overbought both on the daily, and weekly timeframes, and has printed a bearish divergence, MACD bullish momentum seems to have faded.
It can find support on the...
Although the probability of breaking up of the symmetrical triangle is slightly higher.
BB indicator is still not squeezed enough for an impulsed price action, RSI bullish divergence on the daily seems to have more room to grow, and the MACD is looking to create a bullish cross soon(but we've already seen those being prevented at the last minute), meanwhile, the...
BNB moving in the downtrend.
Pay attention to this when full position size.
The best option would be to wait for first resistance reclaim.
If your style is a bit aggressive - reclaim of 0.0017 sats will trigger buy setup.
Until no triggers - setup is not valid.
Moving inside an ascending triangle, which should continue it's bearish trend and test the support again around 0.00002000-2100 sats.
High possibilty to test the 200MA, creating a false breakout to 0.00002550-2600 before heading into the triangle again, and break downwards.
EE: $180.5-181.5 / Estimated Entry
IL: $169.45 / Invalidation Level
ETP: $195-199 / Estimated Take Profit
ETH bounced from first local support on 4H. Deviation that we mentioned played out but then price back above range. For now, ETH picture looks bullish. Respecting supports and resistances. For now, we see the same 4H Supply as resistance and a higher level...
Estimated entry range: $15.2-15.72
Estimated Invalidation level: $17.5
Estimated TP levels: $12.97 / $11.966
Until BNB trades below $17.50 - things are bearish.
Yesterday abnormal Funding rate on BNB forced traders to close their Short positions. You can see also increased volume which means that someone just absorbed their buys.
More likely price will drop from...
Estimated entry: $14.2-14.51
Invalidation level: $15.277
Estimated TP levels: $12.97 / $11.966
The same rejection as ETH.
Hit 1D resistance level and dropped hard. But still did not made and Lower Low.
But the picture looks bearish. For now, on its on the way for the retest of 1D level.
Daily printing Hanging Man candle pattern, but until 14 hours till daily...
Estimated entry: $151.4-155.5
Invalidation level: $165.75
Estimated TP levels: $137.75 / $128.35 / $123.6
ETH tested resistance yesterday and rejected hard.
Moving to the first strong support which acted as strong resistance in big Ascending Triangle.
Resistance zone is: $153.1-155.5. Here price should reject again and move to test support.
Watch for Price Action...
ETH failed to pass the upper Resistance and drop down to nowhere at 4H chart.
Retest of 4H Supply zone looks valid.
Reclaim of $175.7 level will make us bullish on LTF up to $189.9-195.55 zone.
But for now test of untapped liquidity at $140.6 / $137.8 is more likely to happen.
First support level is $146.55, next is Mirror level at $134.15.
We will wait for the...
Estimated Entry range: $15.133-15.057
Invalidation level: $14.438
Estimated Take Profit Range: $16.04-16.64
BNB formed Ascending Triangle on the 4H chart as ETH in our new prediction.
Volume keep increasing on High TimeFrame and distribution takes place.
The majority of alts against USDT have the same pattern (Ascending Triangle).
Feels like the market is ready...
Estimated entry range: $172.5-171.75
Invalidation level: $161.3
Estimated Take Profit Range: $189.9-195.3
Ascending Triangle formation. Price slowly suppressing the resistance on the 4H chart.
Test of support level after breakout will trigger a Long signal.
Volume keeps rising and our previous note about distribution takes place.
More likely 4H Supply will reject...
Estimated entry range: 137.4-134.5
Estimated Invalidation level: 129.6
Estimated Take Profit: 144.6 / 154.5
Demand Zone for ETH held the price and provided a strong bounce.
Currently sitting INTO 4H Supply zone, which should provide small pullback before climbing higher.
Market sentiment is not favoring Long positions.
Market structure looks bullish.