ShawnMCR

ShawnMCR

Hello everyone, let's take a closer look at ADA, one of the popular cryptocurrencies out there! We have some exciting technical indicators to discuss, so let's dive right in. First off, ADA's current price is 0.3544, and we're examining it in a 4-hour timeframe. The Relative Strength Index (RSI) for ADA is 36, which means that it's getting close to being...

ShawnMCR

The cryptocurrency market has seen a surge in interest in LQTY tokens following the announcement of its listing on Binance, one of the world's largest cryptocurrency exchanges. The LQTY token, which is the native token of the Liquity Protocol, saw a 140% spike in its price shortly after the news was announced. The Liquity Protocol is a decentralized borrowing...

ShawnMCR

Hello, Let us talk about 'Market Trends.' On this chart: We will read about what they are, how they work, and how they help us. Market trends refer to the general direction or movement of a particular market or industry over time. These trends are often driven by several factors, including consumer behavior, economic conditions, technological advances, and...

ShawnMCR

Blockstack PBC, a software business that seeks to establish a decentralized internet, developed the cryptocurrency STX. The native coin of the Blockstack network, which employs a particular blockchain created to support safe, decentralized apps, is called STX. The Blockstack ecosystem, which includes the Stacks blockchain and the decentralized apps developed on...

ShawnMCR

ANKR, a cryptocurrency initiative, seeks to deliver a decentralized infrastructure for cloud computing services. The project develops a marketplace where users can buy and sell computing power, storage, and other cloud services using blockchain technology. By using unused processing power from commonplace devices like laptops, smartphones, and Internet of Things...

ShawnMCR

Bitcoin is still in the same ascending channel. A few days ago, it got rejected by the upper band of the channel, which is the dynamic resistance level. For now, the 25K is the local resistance, and the 26K is the next resistance we need to pass to have another significant pump. Let me know if you guys have any questions; I will be more than happy to help. Good...

ShawnMCR

In the last analysis, we were waiting for the price to pass the resistance level and push back up, but it wasn't strong enough. The sell volumes were so high that the price passed the channel and fell below it. Right now, the lower band of the channel might work as a dynamic resistance. Besides that, we can also see static resistance levels pushing down on...

ShawnMCR

Bitcoin is still in the same $23K price range since the last analysis, as shown on the chart. I've pointed out a price zone on the chart with an orange circle; that's the level we have to break before pushing and pumping back up. The price also touches the MA line, another support for our next pump. If we pass this level, the $24400 will be our next resistance...

ShawnMCR

FLUX was consolidating for a while and then finally pumped up. It stopped after it moved out of the upper Bollinger band, made 55%, and got rejected back to the support level for consolidation. There are three support levels on the way down, and the middle Bollinger band is also considered strong support at this point. There is one resistance for now which I've...

ShawnMCR

GALA moved about 30% up today and was mentioned on the top gainers' list. The price is inside an ascending channel, and after touching the bottom of that channel, it gets a pump and reaches the top of it. There are three support areas on the way down and one resistance on the way up; the price will continue to increase inside this ascending channel for now. I'll...

ShawnMCR

I'm back! I wasn't around for a while, but my legacy was. Bitcoin behaved on the patterns I mentioned in my last idea. The price got support on the dynamic and static support levels and pushed back up. Now it's a good time for a bit of an update: Look at the RSI, indicating in a normal range, not oversold or overbought. Meaning the price has more room to go...

ShawnMCR

Hello, dear TradingView members. This is a Bitcoin idea. Here is what we said on the last Bitcoin idea: As you can see, the price hit the resistance level, and the big "short" happened. The price has left the uptrend channel and fallen on the local support; now, we should wait until this dump stops and decide what channel Bitcoin will stick to. The support...

ShawnMCR Updated 

Hello, dear TradingView members. This is a Bitcoin idea. The market is more bearish than bullish, but let's talk about the possible scenarios: Bitcoin is on the edge of the upper band of its uptrend regression. RSI, Fib, and Bollinger Bands on the 4H timeframe show that the market is oversold, and there is a high possibility of it going down. However, I've shown...

ShawnMCR

Hello, dear TradingView members. This is a TOMO idea. TOMO's price is in a critical area. If the middle support line (in red) holds the price up, we can consider this a bullish breakout. If the price falls from this level, it will continue its bearish trend in the regression. RSI is overbought, and the price has more room to go up. If you guys have any other...

ShawnMCR

Hello, dear TradingView members. This is a Bitcoin idea. Here is a 4H timeframe. The price is consolidating in this price range between the local key levels. The price of Bitcoin is more likely to go up since the lower Bollinger Band is touched. When the price touches the lower Bollinger band, the price needs to go higher to touch the higher band. You can open...

ShawnMCR

Hello, dear TradingView members. This is a Bitcoin idea. The market is still bearish for Bitcoin. The price moves down slowly on the dynamic support zone with the right amount of consolidations in each price range, making it even harder for the price to push back up. We have solid statics resistance on the way up around the 18K-19K, so if the price manages to get...

ShawnMCR

Hello, dear TradingView members. This is a ZRX idea. ZRX is a little lost, and I am too. You see, ZRX was moving right on the trend line, making an amazing consolidation zone. The Bollinger Bands were also squeezed, leading to a breakout. But then again, Bitcoin stepped in and ruined the whole thing. Bitcoin had a price dump this morning which affected the whole...

ShawnMCR

Hello, dear TradingView members. This is a Bitcoin idea. The dynamic resistance still rejects the price, as shown in the chart. There are two support levels on the way down, and the local support isn't as strong as before. Two resistance levels are on the way up, and the essential one is the dynamic resistance which pushes the price down each time. Bitcoin's...