BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Following our last analysis on Bitcoin, we were expecting price to continue to drop from the 38K level. We are still very much bearish on BTC until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
Following our educational post about flag patterns, we are now seeing a bullflag for Dogecoin.
After the breakout of the descending wedge at the end of May, we had a nice impulse and now we are in a correction that looks to be a bull flag. The bull flag support lines up nicely with our previous structure and the 100EMA.
Watch for buying pressure at the 0.28...
We have had Shib on our radar for the last few weeks as it has the potential to make exponential gains just like Dogecoin did recently. From the chart we can see that we've approached the bottom again within a descending channel, which is often a reversal pattern. A break upwards of the channel will be validation of our reversal signal.
1inch has been really clean in terms of technical analysis. It has given us clear patterns and structures to work with.
After breaking out of the parallel channel, price retested the structure level within an ascending correction. We are now on our way back to the bottom where we can look for signs of reversal.
Keep a close eye on the double bottom level 1.7770.
Following our last ETH analysis, we were anticipating a rejection of the lows. Price pierced the low and then made a bullish reversal. Currently, price is making a series of bullish break and retests and is grinding on higher and higher. As long as price respects that structure, we can work our way back to the very top! Look closely for bull flags and retests on...
Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...
We have multiple bearish signals starting to develop on this chart.
Today, we can see DOGEUSD moving below EMA10.
EMA21 has already been tested as support... The next time it is hit it is likely to break.
We have bearish divergence with the RSI, same on the weekly...
Following the break of the major trendline, we saw a retest of the major trendline, previous structure, 100EMA and the 50% fibonacci which made it a high probability short! We are now approaching a key level where price has the potential to reverse.
The key are to look at is the $15 level where we have previous structure. If price bounces continues to correct...
In our last analysis of Cardano, we managed to push up 30% from our entry zone. We marked out the $1.90 zone as a potential area where price would face resistance. Price tested that zone and is creating what looks to be a bullish correction. Price is creating higher highs and higher lows indicating that bullish momentum is kicking in.
Watching closely for price...
Bitcoin is currently in a correction and has the chance of breaking on either side. At the moment it looks likely that it will go lower! Buyers do not seem committed at this moment so there may be another drop!
Back to 22K-26K? Possible.
From the chart we can see various phases for Bitcoin. In technical analysis, we have various patterns for various phases of the market.
Impulse - large bodied candles signifying strong move in the market
Ascending/Descending corrections - happens at the end of a trend indicating a reversal is near
Flags & Pennants - a trend continuation pattern
We can see that...
EURCAD is in a bigger pennant pattern and is approaching the support of the pattern. We can see that we are currently in a descending wedge indicating that a reversal may happen soon. On the lower timeframe we can look for trading opportunities within the wedge until we buy the breakout. Will update once we achieve a breakout.
Goodluck and trade safe!
A Trading Signal is seen in the DOGEUSDT Dogecoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.278
⭕️SL @ 0.233
🔵TP1 @ 0.379
🔵TP2 @ 0.473
🔵TP3 @ 0.583
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After Ethereum broke out of the trendline in late May, we have been seeing a series of higher lows indicating that buying pressure has been introduced. We are not at a pivotal point where we have previous structure, 100EMA and a possible higher low. All signs point to Ethereum being bullish!
In our last analysis on Dogecoin, we were anticipating a bullish break of the descending wedge. Once broken, price pushed up 50%!
We are seeing a brief correction now for another move higher. Watch for the correction to break to take Dogecoin higher!
After the huge move down recently, we are now at a pivotal point for Bitcoin. The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively,...
From our last Bitcoin analysis, not much has changed. We are still between 2 important levels $30K and $42K. The more important level to keep an eye on is the $42K level as that is the recent bearish swing point. If we manage to break that, the structure will shift from bearish to bullish.
We will keep a close eye on this an update as it progresses.
The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!