We can see the appearance of a hammer on the 4H chart. This indicates a reversal price as the bulls regain control.
We enter the trade following a bullish engulfing candle.
Take profit is the resistance of the past.
As price was going down for few hours, seems like it wants to bounce back up.
Key resistance last hours was at 40.579 located right on the golden zone of the fib retracement tool.
We can see a bullish engulfing pattern on the 15m chart meaning the price might goes up.
Sctochastic RSI index shows that DOT was oversold which, once again indicates that the price...
As Etherium keeps diving for the past few days follwing Bitcoin's trend, a hammer candle as formed on the daily timeframe. This could be a potential reversal as bulls get stronger.
The hammer candle has found support on the 20 EMA and should bounces back up to reach previous ATH.
Let's wait few days to see how price reacts. If a bullish signal appears, we enter the trade.
As Bitcoin keeps diving for the past few days, we see that the bulls regain strenght on the daily chart as a hammer candle pattern appears.
There might be a potential reversal in the next few days, as the RSI indicates that the currency is oversold right now approaching the 30 mark.
Let's wait for a strong bullish signal to enter trade and take profit at past...
As Musk annonces improving network's transaction efficiency, DOGE jumped yesterday.
Price continues to climb and will test previous resistance level at 57037.
If the price breakthrough, with a strong buyer signal we should enter trade.
Risk to reward ratio 1 to 4 with a 15% gain.
Will update later.
We notice that resistance was break at 1.03767.
We notice confluence as price breaktrough resistance and goldenzone using fibonnaci retracement.
We enter trade with a bullish engulfement candle on the 15min chart.
Trade as a 7 to 1 risk ratio.
As we can see bch testing resistance and could go for a bullrun if it go trough 539 resistance level. I have place take profit at 555 which proved to have resistance in the past. Also EMA have crossed meaning we are going for an uptrend. Trading volume is low so we'll see in the future.