Expecting this pair to form another higher low as its Friday night (trap moves/fake moves), and expecting this pair to continue to plummet next week once the price reach 61.8% (blue rectangle zone).
Let's wait patiently and see how price reacts.
Price just formed an inverted head and shoulder in the H1 timeframe and it rejects the golden ratio fibonacci level of 61.8%
Price also did break and close above the 50 Exponential Moving Average in the 1 hour timeframe. Hence, now 50 EMA has turned into a dynamic support.
Price also respected the key support level of 0.7000, hence bullish is expected.
Price just respected 61.8% fib level (golden ratio)
Price break and close above 50, 200 and even 800 Exponential Moving Average in the 4 Hour timeframe, hence bullish is anticipated.
Price also rejected the key level of 1.3050 and further upside is expected.
Divergence formed with RSI in H1 chart
Pin bar formed at key level 38.2% fibonacci
Price rejected at 38.2% fibo level
MA 8 and 21 was being tested and bounce back upwards.
Price broke out of the previous supply zone (blue rectangle) and now turned a demand (support) zone
Eventually price went back and test the supply / demand zone but fail and now bounce back...
Closely watching this pair and waiting for pullback for entries.
Personally looking for at least 38.2% fibo level pullback.
Further price action is needed before entering this pair.
Watch out and patience is needed! :D
Triangle pattern formed and broke
Daily trendline was broken.
Divergence shown as price was flat but RSI was falling.
Enter upon break of inside bar (candlestick patterns)
Nice RR so let's Go!
Currently watching closely with price action on this pair.
A break of trendline will lead to the next crucial support which is at around $0.50-0.55.
EMA will need be tested as support before flying up. Get ready for June's bull run.
Setting my buy limits at around $0.50-0.55 and have a blast.
Crypto market seems to be retracing, and I believe this will be the last downside before the bull run starts on June.
Currently watching price action on this pair, Price managed to get into the range of 0.70-0.90.
Currently the bear is taking control. Let's see if the price can penetrate through the support of $0.7600.
Break of 0.76 support will lead to next...
Bullish biased on this pair!
Daily break of trendline , expect further upside.
Weekly retest on the channel, further upside again expected.
Targeting the next weekly resistance.
Waiting for buy stops to be hit now.
1. Moving average was tested and respected.
2. Higher lows are printing out.
3. FIbo level of 61.8% was hit. Aiming for -27.2%
4. Area of resistance (blue rectangle) was breached.
5. Consolidating in D1 for about 2 months. It's time for some big movements.
6. Break of resistance would leave to further target, 1392 or even more! Get ready for buy stops!