ETH Has been out performing BTC for a while now but the recent double top looks like the first early sign of a pullback before ETCBT resumes the bullish trend.
BTCUSD Bitcoin went for support and is in the long zone. The price has a potential for growth both in the form of the accumulated energy for this, and the power reserve - up to the upper limit. Waiting for the price to rise to the resistance of 47446 ———————
The currency pair is gradually grinding higher. At this moment, the $45 - $46 support level is serving at a strong swing point for a bullish channel formation. Likewise, the trendline break is resonating with the symbolic appearance of a descending triangle. In a few hours /days, buyers should be filling the BTCUSD blank cheque with lots of buying orders. For...
Polkadot (DOT) has been increasing tremendously; the coin is currently up by 500% in less than three months. What is even better is that DOT’s pattern is actually predictable and one of the easiest for support and resistance traders. Polkadot Pattern The token has so far proved to follow Darvas’ box theory better than most other assets (including stocks). This...
In this technical analysis I share my current views on LINK/USD. I tried to make the chart as self-explanatory as possible, but feel free to reach out or drop a comment if you have any questions.
SHORT TRADE SETUP: False breakout followed by price dump In this scenario, we are waiting for price to break above the high of $670 and then breakdown for us to take a short position. Entry criteria for opening a short position: 1. Price Action: Price breaks above the high of $670 and then rapidly falls below $670, forming a bull trap 2. Candlestick Pattern: A...
TEZOS (XTZ/USD), weekly timeframe: Support line + Hammer + Hidden divergence
BINANCE:LINKUSDT we passed 15 res and now we're going to reach 16.5-7 res (red horizontal line). take profit! Afterward, we have sideway between 16.2 - 17.3. take profit again pls check my long-term link analysis
Hey everyone, here's my analysis on BTCUSD Summary: There was a breakout of the trend line and price is making a pullback to its previous breakout level where we could see a drop, as illustrated by the yellow dotted lines. Action: Sell Limit: 7120 Stop Loss: 7343 Take Profit: 6567 Analysis: On the D1 chart, price is facing a key resistance zone which it...
ONTUSD is trading within a Channel Up on the 4H chart since he January 3 bottom. Levels to watch: - The MA50 on the 4H chart is supporting so far the uptrend. As long as it doesn't break, the price targets the 0.9550 Resistance 1. - If the MA50 breaks the pattern makes a pull back for a higher low. This happened in January 19. Projection: - This appears...
TRXUSD is testing the 5-month Resistance following the December/ June aggressive rise. Levels to watch: - The Resistance is at 0.0235 the Support at 0.0121. - A Golden Cross is about to take place on the 1D chart. Last time this happened on a top (February 1 2019) Tron turned sideways for almost 4 months. - The RSI is printing a similar pattern to February...
BSVUSD is consolidating after the aggressive run that led to a peak on January 14. Levels to watch: - The Resistance is at 457.500 while the Support at 76.500. - Golden Cross took place right after the January 14 top. Last time this happened on a top (June 2019) it initiated an extended pull back to the 0.786 Fibonacci retracement level. - The MACD is...
ETHUSD is extending the Channel Up on the 1D chart since December 2019 low. Currently it is attempting a break out above the 199 Resistance. Levels to watch: - The Resistance is at 225.00 while the Support at 153.50. - The former 199.00 Resistance is being tested at the moment. - The MA50 is now on the 153.50 Support. - The price is above the MA200 for the...
BTCUSD is trading inside a Channel Up since December 18 2019 (monthly low) on the 4H chart. Levels to watch: - The Resistance levels are 9600 and 10370 while the Support levels are 6850 and 6430. - The Channel Up is making the first important test of this uptrend on the 9600 Resistance 1 level. - The Channel up is following a very clear Higher Low pattern....
IOT has broken above the 1D Channel Up that started the strong uptrend early in January. Levels to watch: - The price not only crossed above the Channel Up on the 1D chart but also broke the 0.618 Fibonacci retracement level. - It is comfortably above both the MA50 and MA200 and in fact a Golden Cross may be due. - The 0.3150 four month Resistance broke. -...
EOSUSD is on a rebound since the December low and is testing today the September Resistance. Levels to watch: - The Resistance is at 4.2550 while the Support at 2.1200. - The price is already above both the MA50 and MA200. - The MA200 is in fact providing Support, keeping the price sideways within the trend line and the Resistance. - The RSI is on a bearish...
XRPUSD is consolidating after the Jan 18 high and broke this month's channel up sideways. Levels to watch: - January's uptrend stopped exactly on the lower high trend line of the medium term channel down that started in August. - That lower high was right below the MA200 on the 1D chart. The MA200 has sold the price and acted as a resistance on several...
The cryptocurrency market is flashing red again. Specially EOS lost over 3% in the last 24 hours. The digital coin now is fighting to come out of a sideways trading trend below $3.0. At the same time EOS is trading below the 100 SMA and the 50 SMA on the daily chart. The nearest resistance for EOS/USD is 2.70 area which is critical. This area includes 50, 100...