Hello Community! Let's take a look at ADA on the Daily TF. I went ahead and mapped what I believe to be a very crucial channel. I like to zoom out and see the bigger picture always. It is currently very close to the bottom but it might still go down a little further to touch the channel which would still be a higher low if it bounces decisively. That would be the...
Hello Community! Let's take a look at CRO on the Daily TF. I went ahead and mapped the most important S/R zones on my chart, shown by the horizontal lines. Right now it looks like it's in indecision. You can consider opening a long position at the red support lines shown or wait until the top greenish line is touched and open a short. Make sure either option you...
Hello Community! Let's take a look at DOGE on the Daily TF. I went ahead and mapped the most important S/R zones on my chart, shown by the horizontal lines. Right now it looks like it's in indecision. You can consider opening a long position at the white or red support lines shown or wait until the top greenish line is touched and open a short. Make sure either...
Hello Community! Let's take a look at LTC/USDT on the Daily TF. I mapped out the next Support and Resistance that I think we should be paying the most attention to when considering your next trade. Right now LTC looks weak like most of the market and it can continue to fall down to the white support line shown. That would be a good place to consider a Long. If it...
Let's take a look at ETH on the Daily TF. It's at a crucial point right now and I believe the strength or weakness it shows in the next 2 days will determine the direction the market will go. The MacD is looking Bearish. If it breaks below the white line we can see it head towards the red line for the next support. This also can be a great time to enter a long...
Hello Community! Let's take a look at BNB on the Daily TF. It is at a crucial point right now and I believe the strength or weakness it shows in the next 2 days will determine the direction the market will go. If it breaks below the white line we can see it head towards the orange line for the next support. If it breaks above the greenish line that will be a...
Hello Community! Let's take a look at BTC on the 4hr TF. It is at a crucial point right now and I believe the strength or weakness it shows in the next 2 days will determine the direction the market will go. If it breaks below the white line we can see it head towards the orange line for the next support. If it breaks above the greenish line that will be a clear...
Hello Community! When looking at the Daily TF we can observe BTC battling a major resistance which is the RSI, EMA55 & 42k resistance level. I believe the RSI will be the deciding factor on this one, along with the 42k resistance. We need the RSI to close above the blue line shown and we also need it to close above the 42k resistance. The good news is, it just...
Hello Community! When looking at SHIB/USDT on the 4hr TF we can see it trading in a very tight triangle. With the market ultimately moving with BTC this can go in either direction. A breakout in either direction, beyond the trendlines shown, should let you know if you should be entering a long or short position. Keep an eye out for a breakout and a retest before...
Hello Community! When looking at IBM we can see it clearly trading at the top of the triangle shown on the weekly TF. This has been a powerful rejection area in the past. We have to also take into consideration the more a S/R zone is tested the weaker it gets. The MACD is beginning to tick down and the RSI is showing overbought. I can see a rejection happening...
Hello Community! When looking at GNW we can see it clearly trading in a triangle on the weekly TF. We need to pay close attention to this pattern and watch to see how it reacts to the trendlines shown. Overall, this is usually a bearish setup but anything can happen in the trading world. Based on the technical indicators, it's looking bearish for the next week or...
Hello Community! AMC has had a very strong run all last week. It is currently trading in a bull flag pattern and is at a crucial point at the bottom of the triangle. If it fails this support we can expect the price to drop down to the yellow S/R line shown or the 55EMA. Covid-19 is slowly becoming less of a major topic and movie theaters are beginning to pick up...
Hello Community! When looking at the 2hr TF, BTC/USDT just broke below the ascending trendline, and as we all know that is a clear sign of weakness. It attempted to move above the line but the bears look to have gained control because it shows a clear rejection. When a S/R line is broken it is typically retested before moving higher/lower. Let us see how this all...
Hello Community! BTC /USDT is currently attempting to move above the major S/R zone (white line) shown on the chart. We need to close above this line on the 4hr or Daily TF for this bullish momentum to continue. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and...
Hello Community! BTC/USDT is currently attempting to bounce from the major S/R zone (white line) shown on the chart. When looking at the daily timeframe, the RSI and MacD are very low. With the price also at support under these conditions, it can be a key area for a reversal. If entering a trade don't forget to use a stop loss. Don't trade with what you're not...
Hello Community! Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more! This is a quick analysis. GNW keeps getting rejected on the daily timeframe, the RSI is overbought & THE MACD is heading towards the red. Until it breaks that diagonal resistance line drawn it will remain...
Hello Community! Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more! DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for...
Hello Community! Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated! When looking at XTZ/USDT we can see it battling a $4.50 resistance. it has been rejected multiple times on the Daily TF and as we know, the more a support or resistance is tested the weaker it becomes. With that being said It...