The price of Cardano has reached an important area in the weekly time frame, which determines the future trend of its price. 🔻 Monitor the price area of 0.38 to 0.41 🔺
In this analysis i spot a regular bearish divergence on weekly timeframe So there is 2 scenario - This is a sign of weekly retracement or - This is a sign of a reversal into a bearish trend for the new trend change
On Dec. 27th BTC has only managed to set a new local high before getting a hard rejection. We also did not hold 49k area (blue box), not even 48k (orange box), which was a local low set a day prior (26th). This is a definitely a sign of weaknes, therefore i am expecting that we will not revisit 55k (yellow box) area and are just going into final capitulation. As...
Im looking for a drop in the OIL price down to the convergence of FIB levels at the 39.50 area. We have retracement levels from 2 previous lows and the completion of the ABCD Gartley at the same level. If price and time ae the same we should see a sharp sell off over the next couple of days.
Hi Traders! The market did swing four important movements: 1. The first movement was around the beginning of octobre and it reached the resistance at 0.69300. 2. Then it moved a pullback until the level of 0.67700. 3. After that the market moved up again towards the resistance again. 4. Now it is around 0.68500 and the market is moving towards the reversal...
The market broke the resistance at 1.26539! Now it has reached the trendline and the support area around 1.26100 We recommend to buy towards the Fibonacci Level of 50% (1.26479) with a risk-to-reward ratio of 1 to 3. Best of luck!
This chart is a treasure map, all could happen, it only delimite some zones that is relevant in my vision. Following some important zones explanations. I don´t believe in support and resistance lines, but in zones (areas). Explanation for areas (zones) : I believe in the current moment we are not in a downtrend, but it is a correction of a violent pump...