Hello, In support of the ZRX analysis I just posted, here is another focusing on what ZRX might do in the next week or so. If you want to know in a little better detail why I am predicting a the price to drop to 0.21 check my bearish engulfing post. But I did want to zoom out a bit to get a better look what ZRX is doing relative to the past month or so. If the...
Big picture monthly chart for BNB shows the idea of a 'golden mean' horizontal that many charts have. A line of support/resistance that divides the price between a bullish or bearish half of the chart. For BNB that looks to be $18. Current price $15. Monthly momentum is basically flattened. Our purple triangle is an obvious entry point for BNB. We'll report on...
4 hour and 6 hour charts show the weekends drop is in full recovery mode with indicators pointing up. However, the 1 day chart shows MACD now pushing down. We suggest caution trading on shorter time-frames until a rally up or down begins after the halving.
Phew.. the halving is done! Despite the pre-halving rally, our target of $7430 set at the end of April still looks a strong possibility. The current 2 day chart shows the momentum now pushing down. If the current 2 day candle closes without much upwards movement, then we may see a quick push down to that target of the blue horizontal. A test of support before the...
I see a bullish descending broadening wedge on BTC however I don't see it dumping that low but maybe around the 6.5k-7k prize zone and might be looking to enter for a buy. Let me know what you see...
Hello all, today is a very special day for bitcoin especially. Because today is the event that take place of every 4 years in the crypto space. This event called the halving. The halving of bitcoin is the event that take place to cut half of the miner's reward. This is however will give both direct and indirect effect for bitcoin's price. On current chart work,...
Possible short opportunity for Cardano's ADABTC pairing. We are on a larger 5 wave move down and this is the beginning.
My thoughts on where we may be headed next. If we can't break above 9500, I expect further downside towards 7500! If 7,500 fails, we may see the 6,000s once more.
Hello all traders, here it's the analysis and the chart work of bitcoin after the weekly candle closed. After the 7 days of waiting the volatility that occurs in the market, finally we've seen the weekly candle closes. With another uncertainty occur in this zone. The weekly candlestick closed with a type of long legged doji which represents a big war between the...
Hello REP Traders! I am new to REP but I wanted to check out the current state of the market and see what might be happening within the next couple of weeks. Just a simple analysis on the day chart, it looks like we are in a descending triangle. The recent price action I think supports this with a move downward. Possibly falling to the bottom of the triangle at...
ZRX has a clear descending triangle . The one hour chart shows several key bearish candlestick patters, most recently a hanging man candle stick. There is resistance around 0.36, however looking on the day chart, the RSI is completely maxed out around 80 at the time of writing this. It is certainly possible we retest the 0.50 cent area, on the 1 week chart there...
Hello all trader, welcome back to the Sunday analysis of bitcoin. We've seen a very volatile moves from bitcoin based on today's movement. the price has shown a $1000 drop just in less 1 day of trading session. And once again we've seen the mixed bias here on the bitcoin. The mixed bias here is when there are a strong bullish and the bearish bias occur at the...
BTC is approaching a key trendline resistance established since the 2017 highs. 10,500 is a price that BTC has not been able to break past on it's previous 2 attempts to in 2019. I expect this to be a great place to take a short all the way back to possibly mid 8ks.
Hello all, today I'm not going to cover any movement about bitcoin. I will cover the other crypto asset that bring attention to me. Here is the Ethereum chart work as usual. Ethereum currently is still trending right inside the up trend channel that has been formed since March 16th, 2020 . Current price is still trending right above the median line of the channel...
Hello all and Happy Friday! let's do the technical analysis about bitcoin in general. The key of current bitcoin's movement is the euphoria from halving event. It seems like a lot of stakeholders are still interested to collect bitcoin during this event which take place at around May 12th, 2020 . Based on the previous action during the halving event, bitcoin...
✨ We provide charts every day ✨ Drop a requested Ticker in the comments and we will be sure to take a look ✔️ Like & Follow to help the community grow! 🎉🎉 --- The Bitcoin halving is only a few days away, and these bulls just keep sending it. Here is our plan for what happens if we keep ripping, and what happens if traders start talking the halving too...
The moment cryptotraders have been waiting for is finally here. Only 5 days left for Bitcoin's Halving No3. We all know the significance of this event and the fundamentals behind it regarding the supply. On this study I will focus on the Halving trend-line (i.e. the line that connects all Halving dates) and how it can reveal the next Peak of the current Market...
Hello all, welcome back to the chart work of bitcoin. This time, I'll cover the bitcoin in 4 hours time frame. Now, let's see what is the possibility of the price in the upcoming moves. Based on current bitcoin's structure, there are a very important moves that everyone must see during the post double top pattern. The price was getting rejected after it touched...