mancochong

mancochong Updated 

BTC is forming a similar structure to the new schematic of the accumulation phase. The schematic shows the decrease in sellers would result in shorter down waves. Not financial advice.

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It can be interpreted that BTC is showing a Hidden Bearish Divergence, which could result in a retest of the 29,000 - 30,000 price level before it goes back up. Not financial advice.

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Link is currently trading on a major trend line. If it closes below the trend line, expect high selling volume. If it holds, buy on the bounce. Not financial advice.

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ETH can be seen to be forming a bearish pennant, together with a hidden bearish divergence. If it breaks down of the bearish pennant, the price of ETH could reach around 700. Not financial advice.

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BTC can be seen forming a bullish divergence which could result in an increase in price in the coming few weeks. A trend reversal to the upside may happen soon. Not financial advice.

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BTC retested its trend line and is looking likely to close the month above the EMA 50. It can also be seen from the charts that BTC is forming a hidden bullish divergence as the price shows an upward trend, while the RSI shows a downward trend. The high volume also supports this bounce as there is a high demand for BTC below the $20k price levels.

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MTV is breaking out of the descending triangle in the 1H chart (NFA)

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MATIC is currently at a major resistance and must hold the 2.457 level to create a new ATH.

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SOL is currently breaking down from its rising wedge and could retest a major trendline before continuing its run to the upside. Buy areas would be at the 170-185 level (not financial advice).

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SHIB is currently breaking out of the descending triangle and is supported by EMA 50. Based on Fibonacci, the potential price to reach before a big retracement is at the 0.0009 - 0.001 levels. It can also be seen from the MACD that sellers are slowly losing momentum (not financial advice).

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AVAX is creating a rising wedge with a bearish divergence. This could lead to a retracement if the RSI does not break out of the downtrend. Possible buy-back levels: 76-80, 60-65. (not financial advice)

mancochong Updated 

BTC is forming a bearish divergence and may see a retest of the 53000-55000 levels in the coming days if the rising wedge does not hold (not financial advice).

mancochong Updated 

Sylo forming a descending triangle with a chance to breakout in the coming days/weeks, and a potential upside of 400%-500% (Not financial advice)

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MOVR may breakout of the ascending triangle to the upside in the coming days (not financial advice).

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MTV is creating a rising wedge pattern together with a bearish divergence, which could indicate a short term bearish move. May retest 0.011 levels (not financial advice)

mancochong Updated 

XPR may break out of the triangle within the week. Potential upside of 170% (not financial advice)

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FTM is due for a correction as it reaches the end of its Elliot wave pattern. It is also forming a rising wedge with a bearish divergence, which could allow it to retest its support before continuing its run to the upside (not financial advice).

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LUNA may retest EMA 200 or its support if it fails to break out of the bearish divergence (not financial advice).