With the price of ETH currently at the support of both the 100 day SMA and the trendline of an ascending triangle (which is a reversal sign in itself), this price area presents a high probability of sparking a rally in ETH.
I'm sure we all know about the BTC sell off that is currently ongoing. Firstly, don't stress! There is so much weight behind crypto with big corporations now involved.
Here are potential areas you can get back into the market. We are currently testing 40k right now. If we slip through this level keep an eye on 30k as a potential buy zone!
If we see a rejection...
Hey everyone, welcome to a new market update.
Please trade safely.. BTC is leading and can make unexpected moves at the moment.
If BTC starts to get bullish, I will start to make updates about the altcoins.
Sooo.. BTC is holding support around 48K.
And we see something bullish. BTC is making an double bottom!
A double bottom is a bullish reversal pattern,...
XRP is in a really interesting spot right now. We have seen a small dip in crypto over the last few days. Is this a potential re-entry position on XRP?
Price currently resides in and around an ascending trendline after previous rejection of a key level in price. Could we see another bullish rally up to 1.90$ in the coming days?
Price has broken out of our descending channel today after crypto bulls entered back into the market after a dip to end last week as people sold their crypto assets because of Biden's fundamental announcement surrounding the Capital Gains Tax.
Will we see another push to the upside across the board on crypto this week after BTC dipped to as low as $48k?
With ADA reaching highs of $0.97 last week Thursday will its break the $1.0 mark this week? ADA has just broke a down trend resistance and it looks like its on its way up. Lets see what the next few hours bring. A clear run on the upside would set it off all the way to $1.0 by the end of the week.
A Well Respected channel clearly in a continued uptrend, I anticipate a pullback to the given support in the chart before a continuation to the upside .
Ensure to plan your trade , Entry , Exit , and SL ...and dont get greedy ...take profits on the way up ....Thanks For stopping by . ..Appreciate the support , show your appreciation with a Like/Follow and...