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....
Support and resistance levels: From November 2020 to April 2021 the price line of MAN token surged more than 2600%. After finding strong resistance at $1.55 0 the priceline found nice support at $0.50. Right now it is moving between the $0.80 resistance and the $0.50 support level. If the $0.80 resistance will be broken out then we have the next resistance levels...
Confirming the breakdown: On the daily time frame after breaking down the support of the rising wedge pattern the price line of the leading cryptocurrency is now re-testing the previous support of the wedge as a resistance. If it will be failed to break out this resistance then it can be devastating and the price action can move down. Falling wedge: At the...
Hi dear friends, hope you are well and welcome to the new update on Decentraland (MANA). Previously we had a huge trade by MANA token: Now on the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch...
Hi friends, hope you are well, and welcome to the new update on pNetwork ( PNT ). On the weekly time frame chart, the price action of PNT has formed a big bullish Shark pattern. There is very strong support at $0.30, therefore I have defied the buying range up to this level. The buying zone is too wide, however, the bullish move as compare to buying zone is...
two wedge patterns: The price action of ALGO has formed a big falling wedge pattern and within this falling wedge, the priceline also has formed a smaller rising wedge pattern as well. The price action of the leading ALGO was accumulated at the support of the smaller rising wedge pattern and at the same time it was trying to break out the resistance of the bigger...
The supports are broken down: The price action of Bitcoin formed a big falling wedge pattern and within this falling wedge the priceline also formed a smaller rising wedge pad as well. The price action of the leading cryptocurrency was accumulated at the support of the smaller rising wedge pattern and at the same time it was trying to break out the resistance of...
Breakout the falling wedge: On the daily timeframe chart, the price action of Crypto.com was moving in a falling wedge pattern since the month of March 2021. Finally, the price action broke out the resistance of this pattern on the 10th of June and re-tested the previous resistance of the falling wedge as support on 22nd June and move towards the upside. After...
Downtrend line, oversold condition, and EMAs. On the weekly time frame, it can be clearly seen that the price action of Bittorrent has found a down trendline support. Whenever price action is moving at this down trend line support, it is having nice bounce towards the upside. If we take a look at the exponential moving averages with the time period of 10 and 21....
Despite Bitcoin was bearish AMP turned bullish: The AMP token was following Bitcoin’s move like all other altcoins and cryptocurrencies. But if we take a look at the weekly time frame chart, then after the candle stick which was started on the 17th of May the price action of Bitcoin was moving sideways but on the other hand the AMP token was extremely bullish...
Hi friends, hope you are well and welcome to the new update on Amp token. Previously we had a huge trade by AMP token: Now on the weekly time frame chart, the price action of AMP is forming another bullish Cypher pattern. There is also 25 simple moving average support in the buying zone.
Hi dear friends, hope you are well, and welcome to the new update on Algorand (ALGO). Previously we had a nice trade of Algo: Now on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 50 simple moving average support in the buying zone.
Down channel: The price action of the Shiba token is moving in a down-channel pattern since 19th May 2020. It was hitting the support and resistance of this channel very well but now after 29th June, it is continuously moving at the resistance of this pattern for 9 days. This is the longest time period the price action is moving at the resistance. The volume...
Rising and falling wedge patterns: For the last four days price action of Bitcoin is moving at the resistance of a falling wedge pattern and at the same time the priceline has formed a smaller rising wedge pattern as well. At the moment the candlesticks are at the support of the rising wedge and also at the resistance of the falling wedge as well. The today’s...
Down channel: On the daily timeframe chart, the price action of SKL is moving in a down channel since the month of March 2021. It was moving between the resistance in the support of this down channel very well. But after 28th May so far, the priceline of Skale is moving sideways and did not hit the resistance or support of the channel and moved slightly to the...
Testing the support of wedge. The price action of the leading cryptocurrency is dropped more than 11% in a single day. Now it is re-testing the support of the rising wedge pattern on the daily time frame chart. So far the priceline is not closed below the support. Important price level support. There is another very important support just below the support of...
Harmonic move is invalidated: since after the powerful bull run the price action of the leading cryptocurrency dropped at $30,000, it was forming different harmonic patterns. Therefore, this time we were expecting that the priceline of Bitcoin will I again form another harmonic move. Rising wedge: But the price action of Bitcoin is reversed bullish and it has...
Hi dear friends, hope you are well, and welcome to the new update on Hive coin. On the weekly time frame chart, the price action has of HIVE has formed a big bullish BAT pattern. There is also a 50 simple moving average support in the buying zone.