manotrader2k

manotrader2k

As you might have noticed, SOL has been pumping insanely the past couple of days. It has been rising into this ascending channel structure. Now that you know the backstory, let's see what the current chart is telling us and also a LONG setup that I've prepared: On the Daily timeframe price found support at the 214 Key level, which also acted as a Point of Control...

manotrader2k

BTC has been riding inside an upwards channel-like structure for many days in a row. Right now, price is resting at the bottom of this channel. Below the channel (at the ~52750 level) is an important level of support (previous swing high on the Daily Chart). This level is also in the middle of 50% - 61.8% fibonacci golden zone, so reversal might take place in this...

manotrader2k

Price failed to break market structure on MATIC so people got trapped on shorts there. Bullish divergence has formed and is playing out right now. If price manages to break the 1.649 key level we could see price take off to the next key level, although I would place my Profit Target at 1.860 (which is the 161.80% fibonacci level). If price is unable to break that...

manotrader2k

VET has been in an uptrend for a while, respecting a trendline which obediently acted as support throughout the uptrend. After producing a fake breakout of a key level, liquidations got triggered but demand managed to keep price above the swing low of the current impulsive move, which is a very bullish sign. A demand zone has formed in this area, which saw strong...

manotrader2k

After making a new ATH, BTC has tested a resistance entity trendline. Upon breaking it and the local POC, an upside channel structure began to form, which is obediently respected by price. If the purple scenario plays out, we want to see an increased buying pressure that will break above previous ATH and confirm that level as support. If orange scenario plays out,...

manotrader2k

After breaking out of a symmetrical triangle pattern, AXS started trading inside an upside ascending channel structure. During the recent dip, it did not bleed as hard as the other coins and it managed to close ABOVE the daily swing low which is a strong bullish sign. The dip was caught exactly at the 200 MA and at the 50% fibonacci retracement level which is...

manotrader2k

VET has slowly been rising into an uptrend, rejecting an important trendline. After breaking both the trendline and an important key level, we saw a sharp increase in price supported by increasing volume. We could see a nice retracement from here to 0.1643 which is an untested level, also aligned with 61.8% fibonacci retracement level (although the demand zone is...

manotrader2k

Price has been inside of an upwards channel for a while. After failing to break out of it to the upside twice, RSI divergence has also formed. Volume is decreasing throughout the uptrend and if price rejects the top of the channel we might see a pullback to a previous untested level - which also alligns with the 50% fib level. (providing it gets past the demand...