andypro16

andypro16 Updated 

Volume sudden rises. XCN is oversold and bounce is needed.

andypro16 Updated 

Since EURUSD is trading near the 0.618 level, I expect consolidation and bounce in short term. We do not have a good R:R ratio to continuously short from the current price level. Bears are likely to close their positions. Key support: 0.96 Key resistance: 1.05

andypro16 Updated 

Although the momentum is bullish, the strong resistance would lead to a retracement.

andypro16

Good momentum. There is 11.57T open interest on bybit future which is >25% of 41.50T circulating supply. We might see a rally if doge and shib continue to rise in the next few days.

andypro16

Accumulation stage should almost finish. Waiting for signal of breakout and long. I am bullish from the technical of view. Double bottom is a sign of potential breakout. Also, if u look at AGLD/BTC pair, the dump of AGLD did not accelerate even in the 2022 bear market. It shows sign of accumulation.

andypro16 Updated 

Although the current price action show the possibilities of breakout from the resistance line, the reality is that this kind of breakout always ends up in false breakout and a huge red candle.

andypro16

The daily candlesticks show weakness that were unable to close above $15. Retracement is needed that could bring us to $10-$11

andypro16

Sinnce 1.16-1.17 is a strong resistance zone and it provides opportunity for us to short it with the 0.618 target 1.115.

andypro16

Let see what will happen

andypro16

Simple support line trade and please manage your risk well

andypro16 Updated 

The momentum is good. Further bounce is likely coming.

andypro16

As you can see, the volume surged suddenly when BTC was being massively dumped. It might represent a sign of accumulation of some big players. It is interesting to see whether Litentry is going to be pumped in the next few weeks. Litentry is one of the web3 project that links the users' identities across different network.

andypro16

Standard bearish bat pattern looking signals to short

andypro16 Updated 

Yesterday, REQ tested the resistance line but resulted in a red candle. If we dont see any breakout in next few days, it is likely that the REQ coin will move downward due to the massive selling pressure by the resistance line. But if it break the resistance line, a strong uptrend will be possible.

andypro16 Updated 

An obvious triangle. Not sure if it would go down like terra, but probably an good opportunity to trade once signals are out

andypro16

The intrinsic value (not exactly the price) of BNB coin is correlated to trading volume and CRYPTO market. Recently, the altcoin hype session has ended and have been suffering massive selling pressure. What I am thinking is, if the majority of altcoins is dumped massively, this might imply we are (still) in a bear market and thus the trading volume will be...

andypro16

Dogecoin has dropped a lot since May 2021 from $0.7. to $0.11. Recently, with the bounce of the entire crypto market, Dogecoin has broken the resistance line but immediately faced the selling pressure and traders are hence doubting whether it is a false breakout. However, if we regard it as a standard breakout-retest pattern, it will make sense and provide us...

andypro16

WAVESUSDT have breakout the resistance line as i draw and the resistance line is supposed to become a support line. Coincidentally, that area is also the 0.618 retracement target from $8 to $62. Although waves coin is accused for "the biggest Ponzi in crypto" for some fundamental reasons, I still believe that there might be some opportunities for us to trade for...