Inverted cup and handle pattern on BTCUSDT, 1D formed earlier this month, signaling that we have a high probability of heading downwards to the 27800 price range. Moreover, after the break of the handle, we are clearly in a downtrend as we haven't made a higher high on the 1D TF for the past weeks.
We're finally seeing some sustained volume in THETAUSDT, and we now have a good lines of support and resistance. Now we want to see THETA breaking out of the resistance line, shooting through the previous high (red line) and closing softly above the red line. Good luck during this dip guys. Load this bad boy up, THETA main-net 3.0 is coming up in less than 2 months.
Update: Readjustment of support and resistance lines After a nice push to the upside. UNIUSDT faced a strong rejection from the resistance trend line, and is now taking 20 EMA as resistance. Stochastic RSI is also in the overbought zone and is showing signs of crossing and volume getting dried up. UNIUSDT has a high possibility of going down to test the yellow...
Good news is that the price is perfectly in the down channel pattern, however the price could still go down if the price gets rejected by the previous trend. Stochastic is also in the overbought zone and is beginning to cross so there is a high possibility that we could be seeing some more downward action, but we are still fine as long as BTC bounces back and...
Bullish Scenario Price breaks out and hold green lines as supports after a retest. Bearish Scenario Price breaks down and hold red line as resistance Red line rejects price after a retest Heads down towards the yellow line These are just my personal ideas and what I think might play out in the next few hours. Any other ideas right now will be...
We now have a very clear trendline on AVAXUSDT after the previous high. Which means that in the next few days or weeks we could be expecting a very big breakout to possibly the $60 region putting AVAXUSDT at around 9 billion market cap. These are just my personal ideas and what I think might play out in the near future. All kinds of feedbacks are greatly...
Bullish Scenario Breaks out to the upside and holds the line as support after a retest. Bearish Scenario Breaks down to the downside and holds the line as resistance after a retest. Moves down to the white region. These are just my personal ideas and what I think might play out in the next few hours. Any other ideas right now will be greatly...
Bullish Scenario( Short term ) Price breaks out and closes above both green lines(To avoid a fake-out) Retests either at the "1" or "2" green line Bearish Scenario( Short term ) Price breaks down and closes under the yellow line Heads down towards the red region BTC Scenario BTCUSDT takes another dip down Price wicks down touches the...
RUNE still haven't broken out of the green line(the mega bullish) but considering that it broke the previous high we are still looking really bullish. Now I expect the price to do a little cool off at the red region before sending it back to test the green line once again. If the green trend line is broken, RUNE is expected to go to the $31 region.
We could potentially see the price testing the blue line provided it is rejected by both green and orange lines. On the other hand, we could be seeing a bullish scenario when the price goes back above the green line and break through the white. I would be buying on the retest if the bullish scene does play out. Please note that this is not financial advice and is...