Key support and SMAs: From November 2020 to April 2021 the price line of VRA surged more than 8000% that was a huge profit produced by Verasity. After the month of April, the price line retraced back at the key level support of $0.01. Right now the price line is testing this key level support and there is also a 50 simple moving average on the weekly time frame...
Brokedown the channel and key level support: The price action of the Zilliqa coin was previously moving in a very long up channel. After breaking down the support of the channel the priceline turned is very strong bearish but found very strong support at $0.06. The $0.06 is key level support for the price line of is Zil. Because it has been working previously as...
Bullish Shark move: previously we have seen that on a 12-hour chart, the priceline formed a bullish Shark pattern. After moving in the potential reversal zone of this pattern, the price action reversed bullish and after entering the sell zone it moved down again. Small falling wedge: On the 4-hourly chart, the price action of Bitcoin is still moving in a...
Hi dear friends, hope you are well and welcome to the new update on SKALE Network ( SKL ) token. On the daily time frame chart, the price action of SKL is completing the final leg of bullish Shark.
Major resistance and support levels: On the weekly time frame chart, we have three major support and resistance levels. While moving towards the upside the price line faced strong resistance at $2.30 and after being rejected made another attempt and broke out this resistance. Then finally after finding very strong resistance at $3, the price action dropped down...
Hi dear friends, hope you are well and welcome to the new update on Ethereum (ETH) with BTC pair. Previously we had very huge profit trade of Eth with BTC pair: Now this time on the daily time frame chart, the price action of ETH has formed a bullish Cypher , There is also 100 simple moving average support in the buying zone.
Broke down the triangle: On the small time frame 4-hourly chart, the price action of Bitcoin was moving in a descending triangle and it was moving very well between the resistance and support of this pattern. After reaching the tip of the triangle the priceline is rejected by the resistance and broke down the support of the triangle. New falling wedge: Even...
Uptrendline support and SMAs: On the weekly time frame chart, it can be easily observed that the price action of EOS coin has found if very strong long-term uptrend line support. And price line is not able to break down this trendline support for a very long time period. Recently the candlesticks of EOS have re-tested this trend line support and now moving above...
Hi dear friends, hope you are well and welcome to the new update on Bitcoin . On the 12-hour time frame chart, the price action of Bitcoin has formed a big bullish Shark pattern.
Reached the support of triangle: Previously we have seen that the price action of the leading cryptocurrency formed a descending triangle. Now it has reached the support of this triangle and the triangle is quite squeezed. Therefore, at anytime the priceline of BTC can start a big move whether it can break down the support and start a move towards the downside or...
SMA and key level support: After a powerful bull run the price of ZRX dropped at a very strong support of $0.50 which is a key level of support for the priceline of ZRX. Previously this $0.50 support level has been working as a resistance as well. Now the same time the price action of Ox has also bounced by the weekly 100 simple moving average support as well....
The previous harmonic butterfly: In this article I'll share with you how the price line of the IOTA coin has formed a very big harmonic pattern. Before this, I've already shared another major idea and that was a very big bullish butterfly which was formed on the weekly time frame chart. After taking bullish divergence from the potential reversal zone of this big...
Broke down the rising wedge: On the 4-hour chart, the price action of NEO coin was moving in a rising wedge pattern and as it is a bearish reversal pattern, therefore, the price action eventually broke down the support of this rising wedge but so far did not hit the bearish targets of this rising wedge pattern and moving sideways: On the other hand, if we take...
Hi dear friends, hope you are well and welcome to the new update on Zilliqa (ZIL). On the daily time frame chart, the price action has formed a bullish BAT.
Descending triangle and a price-rejection: In the 4-hourly chart, since 27th June the price of Bitcoin has formed a descending triangle. Recently price action of the leading cryptocurrency broke out the resistance of this descending triangle but this breakout was not supported by the sufficient buying volume and now the priceline has again re-entered the triangle...
Weekly 50 SMA and 0.01 support: The price line of the VRA coin is moving above the $0.01 support level and the weekly 50 simple moving average, same as like the Bitcoin is moving above the weekly 50 SMA and being accumulated above this SMA. Therefore once the Bitcoin will start moving up the Verasity can turn more bullish than Bitcoin STOCH AND MACD: If we...
Powerful support structure: The price action of XRP dropped with a strong bearish move and found strong support at $0.60. This support level previously has been working as a very strong resistance. There is also a very strong support zone from $0.60 to $0.40. On the weekly time frame, If we place the simple moving averages with the time period of 50, 100, and...
The SMAs: After the powerful bull run, the price action of Stellar dropped very hard and broke down the uptrend line support. This trend line was working as a long-term market structure for the price line of XLM. After breaking down this trendline support the price action moved at the weekly 50 simple moving average an at the moment it is moving around this SMA....