IOTA has given confirmation in USD pair but 50 weekly MA is acting as a resistance. Confirmation in btc pair has not been established. Waiting for confirmation.
Meanwhile look for stability in the BTC pair around this green zone. Entering on 7 Weekly EMA on USD pair is recommended. Break below 21 EMA (either USD and BTC)...
Ethereum is now on a pullback after breakout. Buy on Levels 205 to 208 for targets 283 and 385 to 400. Book full profits in Target 2 as Ethereum is likely to close below the 20 EMA on Monthly chart which is not good. Hence any push above 285 will be and opportunity to short.
Stop loss : Weekly close below 190.
XRPUSD has breakout from the downtrend line and consolidating.
Confirmation : Weekly 7EMA crossed 21 EMA.
Trade Levels: T1, 0.48 to 0.5 , T2 - 0.65 to 0.7, T3 - 0.95 to 0.98
Breakdown of the 200 Weekly MA in btc pair invalidates this setup.
BTC Weekly RSI overextended, Daily RSI showing bearish divergence. Bears will gain control and the dump is expected to start at the beginning of July/August. Would take months to retest bottom. Enjoy the ALT rally in between. Money Awaits.
ZCash has formed a falling wedge pattern against BTC (zecbtc) and it is now at 100% retracement from the previous bull run in USD. 35 to 50 is a good range to buy for a target of 120 and extended target of 200. This is a swing trade idea and not applicable for day traders.
Even-though BTC seems to have overbought in daily and other small timeframes it has a breakout from the descending small triangle from 3K region and moving towards ceiling of the descending triangle from the 6K region. The conjunction of the resistances 200 MA, 88.6 Fib and descending triangle ceiling will provide a strong resistance and a tough nut to crack for...
IOTA is building momentum to push higher. Currently at RSI resitance. A breakout above that RSI level would bring price to $1.07 dollars. 100 DMA will not offer much resistance as the momentum is strong. Sell at resistance and buy back lower. If you are short and IOTA breaks above 1.2 then target would shift towards $1.55 (50 week MA) to $1.65 (23.6...
TRXUSDT is showing bearish divergence in hourly chart which indicates pullback is likely in the range of 0.02236 to 0.02322. If that level holds and if price breaks current high then target would shift towards 0.03 to 0.036.
BTC is holding 200 EMA on the 3d chart for months. The monthly chart doesn't post any good sign of strength (which tells me that even if btc pumps it will come lower again). But daily and 3d and 2week charts are showing btc bottom for another push up is in. Any dip is a buying opportunity as of now.
If you have a look...
With strong buy from 6500 area btc is set to test 6800 to 6900 area soon. Buy near the 6530 to 6550 for a target of 6800 to 6900. In case failure to break 6800 will put btc to test the bottom again (5800 area).
Monthly chart is bearish. But has not broken below the previous month low yet. Look for monthly close before entering trade. Even if it raises strong resistance from the upside could cap the move as the weekly chart is going through 100 MA crossed by 22 EMA from the top (bearish cross). Daily chart has head and ...
DGD has breakdown and has two weekly close below the strong support level. Even though MACD is turning bullish, it is advisable to enter only after confirmed weekly close above 44. A breakdown to the current levels would push DGD to 15 to 20 levels. Buy there for T1 of 44 and T2 of 110.
Based on the previous bear market patterns ethusd still has a much more way to go down suggesting a downwave upto 100 dollar range. This may sound crazy but the downside target could be expected in a couple of days.
After a deep selloff NEO found a temporary bottom around 14 and managed to get upto 21. Eventhough it managed to close above 9 ema in daily not able to close above 14 EMA. 4H chart suggest a breakdown (RSI teasing a breakdown) after stiff resistance from price level 21 and 4H 100 MA, neo awaits a pullback towards 17 to 18 zone.
Falling channel floor is...
Well everyone knows there are a lot of red in the streets and here is the reason. BTC entered bearish mode in daily chart months back when it closed below all the major moving averages. It closed below 50 Weekly average and retested that again and failed. Monthly close was bad which pushed it down even further. That is not all. BTC broke the long term...