Using the Fibonacci Retracement I have identified several support zones. It is clear ETH has bounced off the mid-long term support zone several times back in May/June/July, which also coincides with the long-term trend. MACD indicates there is a short-term downward momentum which could see a correction ETH price to the short-term support zone which is the...
ADA is testing critical support at the. 786 fib retracement around $1.32 which is the confluence with the long-term trend in green.
Still holding within the long-term rising channel which may test the lower trend of the channel.
One thing to note is the decreasing volume and falling price, this sometimes indicates weakness in the current trend and will probably...
COTI/USDT forming a long-term falling wedge pattern. Currently consolidating in the fib retracement support zone from the previous high to the previous low.
Watch out for the potential bounce off the .786 support.
ADAUSDT on the 30mins potential double bottom in play.
ADA has retested and bounced off the 62% Fibonacci support level at $1.176. Needs to break the 38.2% resistance level at $1.296 to complete the double bottom play and create it as new support.
ADA is expected to be 100% decentralized by the end of the month which could see it retest the all-time...
BNBUSDT on the 3hourly forming a symmetrical triangle, breakout imminent.
I have applied a fib retrace and as you can see it is holding strong support on the 62% at $247 which has retested 3 times in the last week.
A bullish symmetrical triangle is a bullish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in...
ADA on the 6 hourly.
ADA is forming a descending wedge.
In this case, the wedge is likely to be a continuation pattern (meaning the trend is likely to continue). For one, we have a strong trend up and the wedge does not form the trend but is rather just a consolidation showing ADA/USDT is pausing. Also, the price will typically breakout out in the opposite...
Looking at HACK Beta share ETF on the daily.
HACK is going through a healthy correction at the moment and looking at retesting the bottom of the rising channel which coincides with the 62% fib retracement.
I expect HACK to continue its correction and bounce off the bottom support of the rising channel and continue its long-term trend.
RSI is also suggesting it is...
ASIA is holding and supported by the long-term trend and the 99 Day Moving Average. The recent move down is a healthy market correction.
If this is to break the blue trendline, the next support is at the 62% fib retracement at $10.78.
ADAUSD is forming a falling wedge, a bullish continuation pattern. Supported strongly by the 20day moving average.
The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trend lines are drawn, in blue. The consolidation part ends when the price...
Provided ADA stays within the Fib Fan it should continue its uptrend.
I am expecting ADA to retrace to the next major support level 0.98 over the next day or so. If it breaks support we could be in for a ride to 0.80.
If it holds support I am expecting a solid bounce.
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There is still plenty of positive news to come over...
ADA is flirting with danger and has bounced perfectly within the Fib pitch fan, I can safely say my anxiety levels have now dropped.
ADA bounces nicely within the fan. I expect it to head back to its course and into the green zone with news of Mary release in the coming days.
If you have ADA in your Daedalus Wallet make sure you delegate it to RAIN pool....
How much longer will ADA/USD consolidate within this current range?
I feel like something will give in the next few days.
Looking at the 4 hourly an inverted head and shoulders pattern has formed within the bullflag, MACD is about to cross over.