Bitcoin for daily to weekly outlook still on bullish trend, because the price is still above the EMA 90 and it's still on the trendline channel. Nearest strong previous support is on 43k - 44k, but based on Fibonacci retracement 0.618 point is around 47k. and the time Fibonacci based on swing low, it'll likely to make bottoming in 26 march, 02 april, and other...
This is personal opinion not a recommendation nor a signal, disclaimer on.
There is negative divergence between the price and RSI indicator. However this divergence doesn't confirmed yet, the confirmation came from violation of the current bull trendline. There is 2 Scenario that would likely to happen if the analysis correct. Its either a trendline breakout...
ETH just break resistance at 1810 - 1820 after 4 attempt so it will likely to continue the bull trend. However from the 1H chart swing high and low, the latest higher low according to the trendline and Fibonacci Retracement it is around 1780 - 1785 for eth to make higher low and make another swing high, i assume it likely won't break the trend line since the...
The weekly trend is still bullish uptrend, it confirmed at 29 Jan 2021 after making higher low for weekly timeframe.
For daily there is secondary down trend for retracement that making symmetrical triangle pattern. if we look into the 4hour chart, there is reverse head & shoulder inside the triangle. Today volume also peaked that empower weight evidence for...
PWON Higher low in weekly chart is around 425 - 445
My personal plan is wait for some retracement and make entry in the weekly low.
However if PWON go above 600 it will be invalidate the analysis and break the sideway trend into bull trend.
Note: Only my personal thought, not a recommendation for buy or sell.
Disclaimer On, personal opinion not financial advice.
Thing to consider:
- HSMP just close below gap, then making some bull run
- There is upper gap that can be considered
- Slow Stochastic(24,15,10) show that we're now at deep oversold
- Bull Inside bar just created today
- make entry around Fibonacci 0.236 (1395)
- Cut loss below 0.236 Fibonacci
Disclaimer On, i don't have the license to give recommendation.
Just Buy on weakness target base on Fibonacci also there is a gap that haven't closed yet (not always close, but its has higher probability to be close)
Buy area at 2130 1930 1740 in my opinion, because the weekly chart also on bullish trend so its good buy at some dip.
Disclaimer on i'm not financial advisor.
composite likely go to 5800 for a retracement after bull run, it projected using elliot wave. For the target there is some gap around 5800 that not closed yet (it can close or will never be close) for the target.