BTC price has been consolidating in a tight parallel channel for around 2 weeks around the support level. Considering current economic situation, this indicates that market is preparing for another big move, preferably a continuation. RSI seems to cross its moving average showing a sign of weakness in BTC. There is a possibility that, this time, BTC will revisit...
Bullish divergence is spotted here on daily time frame indicating a possible reversal. If the price breaks the trend line, we should expect a rebounce on previous support level at 1.084. If this support level breaks, the next target is the previous resistance level at 1.113. However, depending on macroeconomics situation, rejection on any of this level is possible...
Hidden bullish divergence is spotted here, suggesting a high possibility that the hike will continue. Nevertheless, wait until daily candle closes and a confirmation by next week.
In this past week, LUNA has literally wiped out its worth. I am really curious what is going to happen once it hits its last digit at $0.00001 mark. It is either going to zero or perhaps increasing the number behind zero. I bet on putting $10 once LUNA hits this price, hoping that it is actually the floor of this token. Lol. What can go wrong by losing this $10,...
Bullish divergence is spotted at hourly timeframe. Wait until it breaks the trendline before making any decision.
ETHUSD is forming a symmetrical triangle after a downtrend on weekly time frame signifying a continuation pattern. On the other hand, in daily time frame, the price is forming an raising wedge that indicates a reversal in this short term bullish movement, setting the price back to the weekly triangle before continuing the downtrend. We may expect a rebound once...
Since breaking out the last support level at $0.00002470, SHIB has been in a free fall for days. Next support level can be found at resistance level of last year Q3 at $0.00000937. Short term bounce should be expected here, unless macroeconomics turn out to be bad, where it might just slice through it to a stronger support level at $0.00000577. I don't think...
The hype is diminishing as BTC and other major cryptocurrency are under a major correction. APE has been pulled down by more than 70% in less than 2 weeks from its ATH. The 4h RSI indicates that APE has been oversold now giving a possibility to bounce back to retest the support level which now seems to become a resistance at $9 to $11. There is a high chance that...
There are some cases when BTC has reached its ATH followed by 80% correction in 2014 and 2018. Every time it dips, the weekly RSI reaches 30 before BTC eventually bounces back. However, this may indicate weakness in BTC as it will stay below 200 weekly SMA for some time as it reaches 11,000 to 13,000 level. In order to keep the bull market, BTC has to reach a new...
Watch out for this pattern breakout. If this break downward, we should expect a reversal of DXY. However, there is a good chance it will break upward. Better to be careful and keep paying attention to the news.
Here we can see that APE is forming a H&S pattern at hourly time frame. The price bounced just around the neckline. We may expect a rally to $16 - $17 level before it falls again to $11.
It seems that dollar will get stronger by this summer.
Ethereum is forming another inverted H&S at hourly time frame which eventually form a double bottom. If this pattern has been confirmed, we may expect a bull-run. This pattern is invalidated if the price drops again below 2800. The market is still uncertain, please trade wisely.