Decided to make a TA about the Doge coin.
Looks so far pretty interesting.
On RSI I can see some bullish divergence is forming. On D TF I can see that the coin found a support on the support line (blue line) that I drew. And so far it bounced 3 times already.
As usually I will give you several possible scenarios that can play out.
1. The coin bounces until W...
Very interesting picture I can see right now.
#VIX is dumping, VVIX also, but Put/Call ratio is about to pump on Monthly TF.
Either SPX will make the last pump UP and then will dump until 4280$ or SPX will continue pumping as did AAPL and NVDIA these months.
The coin came to D FVG and rejected
Bounce and Continuation of the uptrend from 0.1030 and 0.0883$ is normal. The main thing is not to see the coin below 0.0883$ in this case we will see the coin even lower.
Next possible levels to hit are 0.1374, 0.1596, 0.1857, 0,2225$
Where we can expect correction
If you look on the chart, 50$ price level stands so far as strong support. And its been 5 times, #AAVE bounced from this level.
In this Technical Analysis I want write more about possible short term moves.
You can see orange line that is Support right now. To open a short position, I would wait the coin to close with 1H - 4H candle (with body) on this line or...
Honestly I have no idea where is the next possible support level for this coin.
But, for short term perspectives I highlighted levels where the coin may come if it will break the resistance level (black line) and the orange resistance line to go higher. Otherwise if the coin wont manage to break through it, then you can try to short it. But honestly, I dont know...
So far BTC perfectly follows my scenario. It coudn't manage to close below 25536$ with 4H candle, so it brought us good Buy reaction.
On the chart you can see how the coin bounced until Daily FVG level and rejected.
Currently this orange line that you see on the chart can stay as a support line, where we may see another bounce.
But, if it breaks below and...
Closing below 0.5466$ price level with 1H TF will lead the coin lower: 0.5366 - 0.5288$ (can be even lower, HTF chart is still valid you can check it)
Closing above 0.5576$ with 1H candle, means we will be able to see the coin at 0.5666 - 0.5785$ price levels and possible higher.
Its been 5 days BTC is in the range.
Every move up gives good opportunity for Alts to Pump and every move down - Alts immediately bleeding
On LTF BTC can give some bullish moves. We can expect bounce until 26500$ - 27100$ with, high probability, bearish reaction from these price levels. (n.1)
If BTC will manage to close with D candle above 27200$ - then it will...
I will be short in this TA
1 - 4 H close below 0.49$ will dump the coin lower (good support levels i mentioned in the chart)
Bounce now with breaking through resistance line (blue line) means the coin will bounce will other resistance levels above
1.33 last level for now for possible bounce
Closing below with that level with D or W candle means we will see the price lower
On the chart I mentioned strong support levels with green line, from where #OP can bounce.
Currently I am bearish
Currently its 50/50
Either the coin bounces and breaks above 0.132$ and in this case it goes higher till 0.15 and rejects or 0.17 and rejects (n.1)
Or the coin breaks below 0.11$ in this situation, we can expect the coin lower to 0.099$ or 0.07$
On HTF as most alts the coin is bearish
On LTF we can expect 2 ways:
1. The coin breaks below 96.4$ at least with 4 H candle, in this case the way to 78.4$ opens
2. The coin bounces from current price level or 96.4$, breaks through resistance line (blue line) in this case it can bounce till 115$ where it may reject
INJ had a very strong support level at 7.6$ where it couldn't manage to stay above, breaking below, leads the coin towards to M FVG at 5.6$ as a magnet
Where either the coin will bounce to retest the resistance line at 6.66$ which currently tries to be a support. And we will see a bear reaction, in this case coin may drop lower to 3$ (n.1)
Or after the bounce...
UNFI closed super bullish last month
Currently I can see continuation of the pump until FVG resistance levels that you see on the chart (n.1)
Where either it will reject from 1st FVG or resistance line (blue line that you see on the chart. (n.2)
From current situation ,short i would open only if i see the coin below 7.28$
There are 2 ways how the coin can go in the future
1. FTM drops until "Last support line before huge drop" and bounces from there back to 0.21$ price level, which it should break to continue ascending move
2. It comes to the "Last support line before huge drop" , breaks below 0,16 - 0,15$ in this case we will see the price even lower where my FVGs are (green lines)
Honestly, this is one of the best coins to trade, in my opinion. Because it has certain strong levels where this coin perfectly comes. And usually it does crazy pumps and crazy dumps.
Currently TOMO looks pretty bullish. Again it came to 0.95$ support level, where it has Weekly 50 and 100 ema that were standing as support. Right now I expect that Tomo will...
After breaking below 200 and 100 ema on D TF at the level 22.6$ that was standing as support, retest of that support level, that is now is a resistance, could tell us about the confirmation of the continuation of the downtrend.
Currently #SOL looks pretty bearish, and I expect continuation of the downtrend towards to 18.36$ (where we have W FVG) and then to...