We have a shortness of the RSI compared to the price as well as the drawing of a triangle figure.
Big fall today and it begins now. The RSI decrease since longtime.
We have a breakout of the trendline as well as a rebound in the RSI; the moving average is also recovering to support this new movement.
We have a large green candle appearing, the moving average 20 is rising and the RSI is crossing the 50 zone. Really a very good short term opportunity.
Very high probability of earning in short term. Night opportunity
With this configuration (the trendline and the resistance) and the bearish trend of the crypto, we can easily sell.
Multiple rejections of the black trendline on March 29, April 21, May 5, June 7 and July 21 as well as the crossing of 3 channels; the downtrend therefore continues.
Breakout of the resistance trendline additionned by a pull back. We have two possibilities.
Breakout of resistance trendline additionned by a pull-back.
We have a new emerging uptrend highlighted by the black line. If we cross the line of 28328.53 yen, we can consider a purchase in the short term.
We have a W pattern between June 13 and July 19, 2022, then a strong acceleration that day. We have a resistance at the RSI on the line of 59.30. If the market crosses the trendline with force, we can potentially go long if there is a pull-back. But if the price breaks and reenters there, you have to take a step back and observe later.
Bearish trend + reject of support line and trendline.
We have a triangle figure that has been drawn since the past. From June 14 to July 6, we have the beginning of a small uptrend that has emerged. On July 7, there was a big break in the long trendline, suggesting a renewed rise in the price, but the price reentered the triangle and made a range. The price being below the 50 period moving average, having re-entered...
Bearish trend + bearish moving average + breakout of the resistance which rejected several times.
We are below the 50 period moving average and an inverted W pattern has formed. Added to this, we have the breakout of the trendline. We therefore wait for the breakout of the resistance zone and we enter into position.
We are in a rising channel on an uptrend. We can go back and wait slowly.
We have a continuation pattern, a bullish channel after a fall and a breakout of this channel.