Dear Esteemed TradingView Members, Environment In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including: Economic Disparities: The ongoing economic challenges in Europe, particularly the energy...
We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone...
We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the...
AVAX/USDT caught our attentions here with both the 100 and 200 Exponential Moving Averages (EMAs) breakout, signalling a potential bullish momentum in the market. Notably, the price action has managed a clean break from the 100EMA, and it's now testing the zones above the 200EMA with a minor pullback as a re-test. Here's what's happening: The way AVAX went past...
Can you spot the bounce back? It's just lacking volume. Keep on Radar.
Currently in an overbought state for an extended period, the coin hints at an impending corrective move. If the overbought conditions lead to a reversal, we may expect SOL to visit the first support level. A further decline could bring into play the second support, which seems more probable given the setup. We see that 1 Month RSI has been in overbought zones...
Sunday analysis. Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents. Good Risk/Reward here. Ascending Triangles target is around 0.83 cents, 50% move. Price has respected nicely the 9EMA support (picture below) Check out my analysis...
Starting off with the DOT coin, we can see a robust uptrend that has propelled the price towards a significant resistance zone. As the price is touching this key area, we’re on the lookout for a strong rejection that could indicate a shift in momentum, presenting a potential opportunity for a short position near $5.04 to $5.10 If the resistance holds, we might...
Dogecoin is at a key point, as observed on the hourly chart, teasing the upper edge of a triangle pattern. This technical formation suggests a tightening consolidation, with the highest point acting as a potential catalyst for a significant shift in momentum. The immediate focus is on whether Dogecoin will undergo another bullish test at this resistance level. If...
🔴 The exponential moving average (EMA) is a weighted moving average that assesses the bullish and bearish trends in a securities over a specified time frame. The EMA can be used to predict the direction of future prices and is used in trading to identify whether a security's price is rising or falling.🔴 🟢 11 EMA - Strong Momentum 🟢 21 EMA - Dynamic Support &...
Bitcoin, the flagship cryptocurrency, has been caught in a narrow range lately, oscillating between the SMA 100 and SMA 200 on the charts. This tight consolidation phase has traders and investors on the edge of their seats, anticipating a potential breakout. Let's explore what this could mean for the world's most prominent digital asset. The Narrow Range...
The price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend. The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop. Approaching the...
- Sell Signal Below Resistance Trend Line - Squeeze between EMA 144 and 233 - RSI Picking Up - MACD Neutral/Descending Looking back to 2020 we can see a similar pattern. What this mean?!?.... Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000...
📊 The EMA 200 Line: Imagine the EMA 200 as a historical trail, highlighting the average price over the past 200 days. It's like a long-term perspective on Bitcoin's performance, smoothing out short-term fluctuations. ⏳ The Prolonged Stay: Looking back, we find that Bitcoin spent a whopping 280 days beneath the EMA 200. This period reflects a phase of prolonged...
Price action has been adhering to the uptrend channel for a while. Tested res @ 0.165 several times and a base forming on the 0.150 support with the 200 day EMA coming in. Might look for a slight retrace and see whether this candle closes above the 10 day EMA. Has respected most of the uptrend with solid support & resistance points interacting with the 200 day...
When looking at bitcoins weekly EMA's we have a few interesting things develop. First,we have the 20 EMA crossing under the 200 EMA, coincidentally, its also the first time the 50 EMA has crossed under the 200 EMA. ( side note , the 100 has never crossed under the 200 and i dont expect it to this bear cycle.) To me both of these occurrences mark the bottom...
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Approaching trendline (orange) while just sitting above the 200ema with a bit of resistance around that area. Last couple candles closed above all emas with wicks touching the down trendline. Price reaching an area of confluence with the trendlines and ema's interacting with that S/R line @1.970