Looking interesting, V formation (sign of reversal), sellers looking weak at resistance. If 185-188 holds we should see 200's again where blue box is.
So ive been in a long since 6054 as my previous idea shows so as a trader we want the market to give us the best case scenario for your planned out trade, if it doesnt come we have a fall back plan to take the second best price the Market Makers give us... obviously this is not a call this is just more of a possible scenario that I hope it happens for my day...
Depending on what the DXY wants to do we could see the following happening if it breaks either S/R.
I have been keeping an eye on natural gas for that past week waiting for it to reach these support levels, the downtrend has been really strong and so far buyers have been weak. I will be going long but monitoring it carefully as the demand has not kicked in yet. If it breaks down we can see some lows we have not seen in a while anywhere around 2.15-30. Take...
We have been trading sideways for a while now, bulls recently failed to break sellers territory around 11800-12K attempts on the 4hr. If we go with the major trend we are extremely bullish and 10500 could be the bottom. Shorter time frame like the 4hr does show bear momentum and ready to cause panic. As an investor I added to my bag at 9900-10500 and will keep it...
Euro is looking strong against multiple pairs, here is sitting on local support turned resistance. It has also formed a pennant that is looking to break upwards. If it doesn't break up we can see more consolidation and a possible down turn to retest support.
IF we stay above 15, I can see a possible retest of ATH. If/Once tested, it would be nice to have one more shake down before 22+. I know after that certain jump and this 50% pullback one can start to get bear goggles, but always remember to follow the money 4HR TF and above are all bullish. 8k and above is all buyers territory.
We all see it, daily-weekly-monthly overbought. Not calling any tops, but we could see a correction back to 5-5500 and from there resume the uptrend. Look out for the next FUD that its thrown to push this down.
Looks like it has formed a Busted symmetrical triangle, this could have been the fuel to get us to 9K.
Although ETH has been trading in an ascending triangle on the higher TF. Here we can see a rectangle consolidation that tried to break about a month ago but it got smacked down. If we can break this level up we can easily see a 1st target of 350 then retest of all time high.
If it breaks resistance which has been strong, we can go long. I personally believe it will break after bitcoin has relaxed a bit. First targets to take profits are around the box area. Also double bottom is not the prettiest but the neckline just lines up with resistance line. Trade once breakout is confirmed.
Here is a triangle formation on dash thats been forming for almost 2 months now, a breakout to the upside can possibly bring a retest of ATH. The fundamentals on dash have always been quite to me, nothing negative comes out of it. I believe btc profits will be moving to dash soon as to other alts.
Roughly 2 months of consolidation that could be looking to break up. If we do break up we could see retest of all time high, a close above $8.21 could establish a breakout.
I try not to trade this coin unless there are clear signs of a good r/r due to the supply, but here we have support holding along and its touching the bottom of the parallel channel that can be ready to spike and break local resistance. Simple TA.
We have a clear flag pattern formation that if it break upwards we could see another 700+ rally(distance of the flagpole). Wait for close once flag is broken and go long.
Trade the breakout, although breaking 5K makes me bias towards an upward break of the pennant and possibly another +$700