On the 1-day chart price action is trading near long-term resistance, in case of a breakout the target mentioned above becomes valid(potential top could be a little bit higher or lower, also there are bullish divergencies on the 4-hour chart on multiple indicators)
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Severely oversold on the daily, needs to break 19 cents resistance in order to test the big trendline.
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Bullish divergencies on the 1-week chart on several indicators.
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BB are getting pretty tight on the weekly, could breakout soon.
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The weekly chart against ETH shows some intriguing developments.
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Here is a very simple setup.
I do not see the need for anything else, since the trend is still in its early stages in my opinion.
I do not see the need for anything else, since the trend is still in its early stages in my opinion.
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I corrected it a bit.
Note what's happening with the VFI.
Note what's happening with the VFI.
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So, basically, it will either happen very soon or not at all.
And
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$1 resistance is the neckline on the BTC pair. If it breaks, the pump could be huge.
Trade closed: target reached:
It's done, for now.
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I did not expect it to correct so quickly. Technically speaking, it's extremely bullish.
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Consolidation is a completely normal behavior on such occasions.
It needs to break the local resistance at 1725 to validate the reversal.
It needs to break the local resistance at 1725 to validate the reversal.
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Still bullish
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The difference is palpable: there was a trendline back in 2021, with such divergence it was not able to pass it's 2018 consolidation.
No trendline now and no divergence.
First time ever above the cloud
No trendline now and no divergence.
Trade closed: stop reached