The fifth day of this week is showing us some further movements towards the upper resistance zone, while yesterday we also had a nice liquidity movement to the lower zones (liquidation hunting). We are still waiting for this zone to be reached on BTC before any significant movement to lower zones (potentially reclaiming many unfilled gaps down there!).
As LTC is trading inside the ascending channel, the price is moving slowly towards the lower line of this channel. From here we have two possible scenarios to play out: Plan A: Upon reaching that trend line price will find a nice foundation and will have bounce to upper trend line! Plan B: Price reaches the lower trend line and has a nice breakdown with a...
Solana coin caught our attention where price has reached very strong resistance line, which has stopped for now that magnificent bullish run on SOL coin. We are looking here for a further weakness to kick in and potentially break that middle line of Bollinger bands, which will result in further movement to higher zones! Our gameplan still stays intact until we...
We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened! As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the...
Ethereum's price action on the 4-hour chart presents a pivotal moment for traders. Following a recent downturn, ETH has the potential to move towards the critical support zone around $1950–$2010, which previously sparked a rally. Currently, as we got rejected from the upper zones, we are looking at how today's daily candle will close, so we have a better...
Second Day: After amazing movement to the lower zone, re-testing the trend, and filling our first FVG zone, the price has dropped by 9%. During that drop, BTC also liquidated multiple positions (look at the heatmap), and now the closest liquidity is laying in the upper zones. With that being said, we are seeing a high probability of movement to upper zones to...
The first day of the week has started with a very sharp movement to lower zones, resulting in some nice liquidity hunting for millions of dollars. With prices getting rejected from the upper zone, we started slowly moving toward FVG zones that have been waiting long enough for them to be reclaimed again. With that being said, it is a little early to say if it...
Bitcoin's monthly chart is painting an intriguing picture as we edge closer to the April 2024 halving. The price is not only going for an attempt to test previous all-time highs but the RSI is echoing a pattern from the last pre-halving period, striking a pattern to be repeated with historical price movements. As we see the RSI return to levels it last saw right...
The ETH coin has had a nice breakout from the major resistance zone, where a new weekly candle pushed even further, breaking 100 EMA fully. No long poems here so gameplay is simple: we need to see how new weekly candle will close (if we see a nice closure above resistance zone, we will go for major resistance in the upper zones; if we see a closure of the price...
Hello everyone! With BTC having a run like it has in such a short amount of time, a logical trader knows that a price correction is massively over due. Using my technical analysis, I have calculated the price of BTC to drop down, within the next 48 hours. Not long after it will bounce back up but not before it goes back down quite a bit. This is just my...
Cardano (ADA) is experiencing a significant breakout on the weekly chart, as the recent candle has surged past both the descending channel resistance and the key horizontal zones. This impulsive move indicates a potential change in trend, suggesting that buyers are regaining control. But what caught our attention is that the RSI has spiked into overbought...
Solana's recent price action suggests a consolidation at a significant resistance level. The Relative Strength Index (RSI) has retreated from overbought conditions, indicating a potential easing of buying pressure. While currently holding resistance, a good hold near current zones could lead to a test of lower support levels, with the first notable support zone...
We've been tracking the MASK coin closely and have noticed some interesting movements. The coin attempted a breakout which didn't hold, leading to a sharp decline towards a re-test zone. If this re-test fails to push through, we're likely to witness a further slide into the lower price regions, with the 200 EMA as our primary target. This area will be crucial to...
The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push) The path ahead for...
Hello Everyone 🙋🏽♂️ Overbought + Supply zone 🟠 EP 1.49437 🔴 SL 1.50724 🟢 TP1 1.48111 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.46692 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.45514 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot...
Solana Coin has been on our radar for some time now, so here is a quick update on the current situation: The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded,...
The middle line of the Bollinger Bands and recent lows serve as markers for the support zone, which puts traders on edge. A decisive break below this area, confirmed by a sustained move below the middle Bollinger Band, could lead to a test of the lower FVG zones. We should watch for a retest of the support level; a failure to reclaim this zone may intensify...
Intriguing scenario on the 4-hour chart. Recent market sell-offs that resulted in a structure break have marked a significant resistance zone, which the market price is currently testing. Despite a slight upward movement, there's a clear tension as traders anticipate whether the resistance will hold or not. If the price sustains below this resistance, then we...