1. 4hours resistance is turning support.
2. 4hour candle is also in the 0.618 fibs zone.
Bias for MEMEUSDT is bullish till 0.06, before some liquidity grab takes place.
Probably BTC will be at 46k levels and going down to 37k :P
Don't miss out on XRPUSDT. Massive push incoming, and definitely a coin to hold for long.
XRP's use cases are in the works across 12 major banks in 12 super power countries.
As the backbone infra for digital payments, the natural disruption are the likes of WISE and Revolut.
Its a long term hold for me for XRP. Before it hits $1 and all hell breaks lose (and...
As BTC approaches the 44-46k levels, we are entering higher timeframe resistance.
Also, there isn't anything on fundamentals that explains the push logically.
Prepare for liquidity grab. Possibly a wick up to 50k and a massive long candle down to 33k, giving nice clean traffic for the clear path up to 90k
As charted since 2 weeks ago, MEMEUSDT bounced around fibs zone, waiting for market sentiments.
That said, do monitor MEMEUSDT's price as BTC approches the 44-46 levels.
Despite the push up on BTC, 44 and 46k levels are strong high timeframe resistance zone. Also, there isn't anything on fundamentals that explains the push logically.
Prepare for liquidity grab.
Following my previous idea post on XRPUSDT, the 4 hour candle has broken out of the fibs zone and day trendline.
A close above the 4 hour dotted line resistance with resistance form signals a strong indicator that XRP might trend upwards till at least the ,7 levels.
This move mimicks a familiar "U-shape" chart pattern that can be seen on the like of Gold, as...
TA on the daily and 4 hour timeframe shows a double confluence for XRP to go up.
1. XRP is bouncing within Daily Fibs zone
2. Bullish Pennant form
On Fundamentals, there are some relatively positive news about XRP despite its ongoing battle with the SEC
I have placed a positions on the Fib zone, and another limit buy entry on the lowest support zone area seen...
BTCUSDT is moving in a pennant on the daily timeframe. To the left, the resistance level is at previous daily-support level.
A breakout upward against the support level will push BTCUSDT to the $4x k range.
However, if bears win, BTC has a chance to hit the $32k- FWB:31K levels
Take entries on the 4hr/1hr. Will be setting alerts both sides, and entering upon...
ETH is current on Day-support zone, and also fibs zone for pushing upwards.
Expect some sideways movement before a breakout on either side.
Will enter on breakout of consolidating, keeping stop loss at a 2 : 1.5 gap to cater for whiplashes.
If buy, looking at week resistance zone or the 22xx zone.
If sells looking at next minor support below fibs zone.
Following the bounce of daily fibs level, ETHUSDT has consolidated on the 4 hour timeframe.
I am planning for a scalp entry upon breakout of consolidation.
The 2 price-range indicators are my entry and TP levels.
Entry on the 1hour or 30min candle.
1. MEMEUSDT respected 0.618 of daily fibs
2. MEMEUSDT formed support on 4 hour.
3. Anticipating level-by-level climb within the 4 hour bulllish channel.
4. 1st TP at minor resistance on the left
5. 2nd and final TP before analysis is invalidated, at structure high.
Day Fibs was respected, with the bounce off fibs 0.618.
On the 4 hour, candles broke the trendline as well. However, confirmation for strong push up would be breakout above previous high, at 0.03.
Im expecting a sideways movement with gradual climb up, before a spike (blue curve line).
As per previous analysis, ETHUSDT played out to the Day-Fibs, by bouncing of the 0.618 fib zone and breaking the previous daily resistance high.
However, despite breaking previous high, the candle closed with a long wick, indicating a substantial amount of bearish strength in that zone.
Base on TA, I expect a couple of sideways and whiplash, while ETH takes a...
Did an update on MEMEUSDT.
Support formed on day support-resistance zone.
Bull Fibs shows support in Fibs zone.
Anticipating for a push to 0.6, before another massive dip (probably in-line with BTC as BTCUSDT is nearing strong week resistance zone)
Get off the smaller timeframes. Weekly shows a strong resistance zone coming.
Purely on TA, I expect a dip before we start the actual buys. The dip also indicate the early stages of liquidity grab by bear market investors, allowing them to double cash in on the opportunity.
My thoughts - market making is taking place.
Be cautious fellow traders. Scalp in and...
6.9b market cap and only 1b + released.
MEMECoin has no roadmap, but backed by a huge community, with founding company being 9GAG, as well as tons of investors, whales and socialites backing it.
Next phase of development sees the following:
- New NFT collection (following its 3 minted out collection with floor price of 4eth)
- Integration (to...