Possible long formation on KAVA as recent price action is showing an inverse head and shoulders pattern and price recently broke out from a descending trendline with decent volume action
Possible long setup
Doge, fuelled with speculation about its implementation as main source of payment for twitter is breaking out its 1H timeframe trading in a bullish pattern vs ichimoku cloud.
We might experience some upward movements.
Possible long setup:
BUY: CMP and $0.8962
Ray has broken out the descending trendline with strong volume on the 1H timeframe and its trading in bullish pattern vs ichimoku cloud.
Possible long set-up here:
BUY CMP and $0.26
Use low balance
EOS has recently rallied together with the whole crypto market but its price action is starting losing momentum.
On the 1H timeframe, higher highs in price did not follow with RSI which right now is showing a bearish divergence.
After its remarkable run, ETC seems to have topped its price action above $26.
It currently has formed a head and shoulders pattern on the 1H time frame which seems to suggest that further price action to the downside is expected.
Would open a short here with:
ZEC recently broke down the ascending trendline before getting instantly rejected, as the market rebound following equity future.
Price is showing signs of weakness and i believe price will go down as btc dominance is increasing and dragging down other coins.
Opened a short at $50.5, (currently in the red) but will hold it with a TP of $48-46, stoploss at $53
XRP is at key price levels that could propel a price dump if support of ascending trendline is broken.
We can easily say that XRP is playing with fire right now :)
After breaking upward the falling wedge, it was straight rejected very close to the supply zone while touching the 25MA.
Price started to fall, following the inclination of the falling wedge.
ENS has been characterized by strong buying pressure in the recent days.
Currently it has formed an interesting head and shoulders pattern on the 1H timeframe with the formation of a triple top.
I will short the coin at this price levels with very tight stoploss with target at around $18.5-18.
MKR has been one of the most outperforming coins in the past weeks.
it is sitting currently on a massive trendline in the 1H timeframe and it is breaking it down at the moment of the writing.
Opened a short at $904 target $800 stoploss around 950
Sushi has ben on the roll recently, with strong bullish pressure making its price reach its multi-month high.
On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI.
RSI its losing momentum at the moment of the writing, while still sitting in overbought territory.
I would open a short at...
This is more an update on the previous AR short idea.
We can easily spot and head and shoulder formation on the 1h time frame, which substantiate even more the short position.
At the moment of the writing, the price is attempting a rebound, but overall outlook seems weak.
INJ has recently entered a bearishn trading channel. price managed to bounce from the lower bound but it is showing weakness in its rebound.
If the lower bound gets broken down, there is room from further downside.
if the price manages to bounce back, it will have to fend off the upper bound of the channel before confirming the upward trend. Upper bound...
AR broke the 3 ascending trendline it formed recently in its bullish movement and its poised for more downward pressure.
1 support is the descending line in $9.7 area, second support support is the demand area below $9.6.
XRP has broken out the falling wedge formation on the 1H time frame.
Expecting some further upward movement first to the supply zone at $0.484.
XRP is definitely a coin to hold for good given the developments with the lawsuit between Ripple Labs and the SEC