Even though market was able to bounce and some coins like Luna made spectacular gains, ETH has not been able to breakout of its descending channel. There is clear rejection at the channel's resistance and the volume profile's POC. $2500 is current support and break of that support will send price to the volume gap at around $1900. Currently price is below the 4H...
It seems that most assets have hit support and demand zones and will trend up in the coming days. ALTS should fair better than BTC as BTC.d hit range resistance and is heading to test the ichimoku cloud However I don't believe that market uptrend is sustainable, as the upward move can only be a retest of broken key levels and EMAs OTHERS.d is in a rising...
EMAs crossing down, price resting on Ichimoku cloud support after being rejected by channel resistance. RSI in a downtrend. OBV dropped below horizontal support and in a downtrend. Break below $40.5 and hold and bottom of the range is clear to tap at $21.9. Flip bullish only if market flip bullish and FTT breaks out of the descending channel.
wait of for a breakout and support. Market not decided, but at the moment it is slightly more bullish than bearish. Don't judge price action by any news, like current geopolitical news. Geopolitically, crypto should be bearish, but crypto is holding out. RSI has a hidden bearish divergence, but this divergence is near and above 50 which reduces its strength....
Some Ukraine pundits in the USA decided that the invasion of Ukraine is on the 16th of February at tea time. With such abilities to see in the future they should be trading crypto. Anyway some news will be used to justify BTC's failed move up but in fact everything in the chart. Currently price is resting on the range support slightly above the 4H 200 ema which...
BNB dropped out of the great HTF triangle and did a failed retest and was rejected by the 4H 200ema. Now price is squeezed below the former range support and the LTF ascending channel support. Likely will break down to the lower range support as the RSI has already broken its trendline.
BTC has formed a bearish batman pattern on the smaller time frame. The batman pattern is a head shoulder but the head lower than the shoulders. A break down of price action will paint a bullish HTF inverted head and shoulders, with the shoulders at 39.8k . We can see that the 1H RSI formed a bearish divergence and broke down the trendline with a retest,...
Being rejected by the 21 weekly EMA and the descending trendline that it failed to breakout from. Failed inverted Head and Shoulders. Below the 4H 200ema. Below previous range support and penetrating longterm support. The 1 trend Fib extension is confluent with the 3.618 indicating a possible target. Breakdown of the RSI and CCI trendlines. RSI has plenty of...
ETH failed to breakout of its inverted Head and Shoulders and dropped below the 4H 200ema. Price is also below the Ichimoku cloud but it is at range support. The RSI broke down from its trendline. The purple trendline is interesting as it has seen price rejecting and dropping from it twice in the past. We cannot discount another attempt at a breakout as long as...
This is a continuation of two previous ideas started in November 11th. Apparently price is following the downward channel, having been rejected by the 21 weekly EMA which historically results in deep dramatic dumps.
Price action crossed the 4H 200ema and currently re-testing it. If price rebounds it will paint a large inverted head and shoulders with a measured move of $137.5 Price is at the mid line of a medium term ascending channel. It can bounce now or head to test the support and bounce there. In both cases the right shoulder of the Inverted Heads and Shoulders will be...
Might break down like before. Two previous triangle patterns broke down before. RSI trending down from oversold. I expect a squeeze with very tight candles first.
Price has been rejected by the 4H 200ema and the ascending channel resistance. In a longer term downward channel. Currently a pullback to $29 is envisioned. If price bonce and the market is bullish again, Atom will reach previous highs again. If not it will continue it's downward path.
Currently Luna is in a rising wedge having tested the wedge resistance. A drop to the rising wedge support is likely. Rising wedges are bearish but in overheated markets, they can explode upward parabolically. The RSI hasn't reached oversold and is above the trendline. Most likely this will result in the test of the 4H EMA which would be at the rising wedge resistance.
Seems to be bottoming out, but hasn't formed a bearish divergence as it usually does. Volume looks like it can take more time to squeeze down. RSI also in a squeeze. I am going to theorize that this time XTZ is going to breakdown from the 2 year long ascending channel and not breakout upward. because in the last run to $8 there was exceptionally huge volumes at...
BTC currently testing the 4H 200ema and the slingshot band. Break and support above the slingshot bands have resulted in big moves upwards in the past. A rejection will send price to 27.8k . A most probable target of a break upward is 43.3k and then 48.3k. Place your bets ladies and gentlemen.
CRV has been consolidating under previous range support in an ascending triangle. The volume has been decent. There is a possibility of a break upward, but at the moment if price close the 4H candle at 3.23, it would form a tiny bearish divergence, just enough maybe to break the camel's back. Price has re-entered the downward channel and found support, the 30min...
Clear downward trend in a descending channel. 1H 200 ema pushing down price action. Price in an small ascending triangle, although a bullish pattern, price action is weak and resistance above weighs heavily. CCI in a descending pattern. The downward targets are potentials and not necessary for price to reach them. All depends on the market which is weak at the moment.