Forming a flag pattern and by breaking this pattern we can expect another good growth of this coin
The macd indicator also promises to end the correction by cutting upwards
And due to the many fundamental factors about this Token, buying and holding it is recommended
$ 30,000 is a strong and important support that if lost, the price to the lower channels, such as $ 26,000; Descends
While in time frame we see a double bottom pattern and also a positive divergence can be seen in the indicators.
This scenario may happen but the downtrend line should be broken upwards to increase the possibility of ending the downtrend.
Daily time frame
As you can see in the chart, there are no interesting candles and they are a kind of warning sign
There is a cross in the stoch rsi indicator and also the ADX indicator shows signs of decreasing trend strength, from all these signs it can be concluded that we should be more cautious in trading, especially in leveraged trading.
There are two...
$ 2.5 range; It is a very important support for this token which, considering that it is near the bottom of its channel, the loss of this resistance area can indicate that the uptrend is disrupted.
In case of loss of this support; The next support is in the range of $ 1.90 to $ 2
But if the uptrend continues, the next target could be in the range of $ 3.40 to $...
It is true that Bitcoin has broken its resistance and gained a new ALTH; But I do not think it is a good place to HOLD at the moment and we have to wait
There are two modes:
1. Prices will drop and you can buy at a better opportunity
2. Stabilize your price in this range and then decide
I think there is a lot of excitement in the market right now and the logic is...
After touching the bottom of the channel in this time frame has started a sharp movement to the top of the channel, the resistance range is $ 2.5; The range is so important that due to the RSI oscillator the possibility of reacting to this range is high, so be sure to keep this in mind.
This is a personal opinion ...
It seems that the top line of the descending channel has broken and this return can be considered as a pullback, the support and resistance of this chart has been shown that breaking any of them is an important signal for this chart.
This token has a movement opposite to the main token, the YFI
According to the chart, you can see the double bottom pattern, which can have a movement similar to the past of the chart
There is also a positive divergence in the RSI
Crossing the resistance range of 0.320 to 0.330 is one of the most important conditions of this pattern
The stabilized stop loss is in...
1 hour time frame
The price is moving in a downward channel, which after hitting the bottom of the channel had a corrective move to the middle line of the channel, which does not seem to be able to cross.
The moving average also indicates a downtrend, which should wait for signs to rise again
death cross is seen in the moving average
The long-term moving average, which is green, can also act as a resistance
It is also possible that it is a sideways process.
And another important point is that the price is currently at the bottom of the uptrend channel, which is an important point from a technical point of view.