As said on a previous chart, resistance will broke, and what is nice it is following the uptrend for Bitcoin in this bull run. So re evaluate situation, and find something beautiful, repeating setup from previous bulish flag and breaking to the upper levels. So you can see on both highlited parts fake breakouts with pullback, that we already had and you can...
So, I am not even close expert, just learning here and there, but what I see is few things.
Bulish flag, that indicates bulish trend, channeling, where brraking yellow line will confirm bulish flag and uptrend, and green line that will break resistance red line and posibly consolidate lower.
NFA: Wait for confirmation of any of this line break for move.
Let me...
So I am asking myself for this 1 hour setup on SOL/USDT on Binance are we looking for a bearish divergence that will go at least to red line? RSI is descending while we have small uptrend recovery. What are your thoughts?
As we can see after V shape recovery we had natural break out, and then going lover. On 1h chart, we can see a huge support in range 1.44-1.455, that we tested 3 times without breaking it. From this point taking in concideration of oversold rsi and strong resistance, for me entry point for longing matic is somewhere around 1.505-1.515 after succesfull breakout...
If this is correct we will forming eliot wave 5 now for DOGE somewhere around 0.49-0.53 range. It could be also compared with this big volume last 24h and next 12h because of listing on Coinbase. Trade responsibly
