As can be seen in the chart, Bitcoin is in the Support zone: 1- It is on the border of the Komo cloud 2- Above the support of the moving average of 40 3- ABove the support level of the Swing Zone Bitcoin's reaction to this support area will affect its short-term and even long-term trend
There are some signs that the trend is starting to reverse. Looking at the Moku cloud, the bottom of the cloud is starting to curl up. However, the top is starting to curl down, so that balances things out a bit. On the price line itself, the red bricks are still forming downwards, meaning the trend is still clearly negative. We are also below the 10SMA ,...
ETH is forming a boarding wedge pattern in 4h timeframe. On the other hand, ETH negative bias in the TSI indicator. in a daily timeframe, we can see the bearish crossover of MACD In Renko analysis, ETH is At the border of re-entering the swing area. Re-entering this area will not be a good signal for ETH
BTC reenters the range area. However, no signal should be confirmed until Bitcoin is out of the range area, the re-entry of bitcoin into the range area makes us consider the recent local top as a potential upthrust. Bitcoin is currently above the EMA20 support line, and we have to wait and see how Bitcoin reacts to it and the moving average of 40 bricks.
BTC reacted to the resistance of Kumo Cloud. It is still is inside of Kumo Cloud and above the support level of range area. In Renko analysis, the future trend can not be confirmed until it re-enters the range area or exits the Kumo cloud.
Can Cardano ADA break the Renko-chart resistance ? Using Renko-Chart with $0.10 each candle you can delete all the noise and see clear. Current price at FIB golden pocket. What do you think - do you want to see more Renko-Charts? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
AVAX is below the resistance level and is forming a swing pattern. we can see bullish crossovers in the brick indicator and moving averages. Wait for the breakup of the swing area to confirm the uptrend
Bitcoin is below two resistances in the Ranko weekly chart. The first is the resistance level of $ 47,000 and the second is the MA 40. Bitcoin seems to have respected these levels of resistance.
Apple is below the resistance level. It has formed the boarding-wedge pattern, And has formed a swing pattern in the Ranko chart. Wait for the swing pattern breakout for the trade
The initial signals of the uptrend are noticeable: 1- brick indicator bullish crossover 2- EMA 20 and MA 40 bullish crossover But bitcoin is still inside the Kumo cloud This can lead to a local top. To confirm this uptrend, wait for the $ 45,000 resistance level breakup in the Ranko chart.
RENKO candles show that BTC has been ranging for two months. This is an indication of a big move to follow in either direction.
Make of this what you will, I thought this macro perspective was neat. The lack of bullish divergences and the current structure of this formation we are in makes me think we see a further dip down before up unfortunately. We could also hold here at the level of CVD divergence as support. However in this geopolitical climate, anything can happen. The green/red...
A look at the technical and on-chain analysis on bitcoin shows that the market has not yet decided for the future trend. In the Ranko diagram, we can see a wedge that is neither ascending nor descending In Ichimoku analysis, bitcoin has entered the Kumo cloud. This indicates that the market is making decisions and it is recommended not to trade. OnChain...
Gold has confirmed an uptrend. In Renko's chart, we can see a bullish crossover of EMA 20 and MA 40. In addition, we see a break-up of the one-back pattern. Ichimoku confirmed the uptrend. the first target is 2000 $ and the second target is 2050
Filter the noise for Ethereum ETH by the help of Renko-charts (upper chart). In this long-term view we see current price did not break through the interesting support level starting from the cycle top January 2018. The lower chart shows the candle-chart in comparison - much more noise, right? Drop me a nice comment if you'd like me to analyze any other...
Bitcoin BTC long-term view without all the noise. Just set the chart to Renko with $2.000 each candle to see that we are at a very important support level . Still nothing has happened yet. For me this chart calms me down - what about you? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research...
Fantom respected the resistance of MA 20 in Renko chart and return above the support line. the reaction to this support is very crucial. If it fails to respect support and we see a breakdown, we will see a drop in prices. This breakdown will be the completion of the double top pattern. the target area is marked in the charts
ETH is above crucial support. this support is marked in the chart. this support line is also a neckline for a double top pattern of ETH. If it is broken, we will see a heavy drop in the value of the ETH. Right now, as you can see from the chart at the bottom right, we are seeing a price squeezing above the support line. It is recommended that no trading decision...