Evening traders, Today’s TA will focus on CGC which is in a brutal downtrend and is currently testing a critical support that if broken will send it to next local support situated at the $5 level. Points to consider, - Strong bear trend - Critical support being tested - Break of .236 Fibonacci (bullish case) - RSI broke key trend line - Stochastics...
Evening Traders! Today’s technical analysis will focus on LINK’s blue sky breakout that currently has a probable bearish divergence at play. Points to consider, - True blue sky breakout - Structural support (S/R flip) confirmed - .618 Fibonacci in confluence - RSI diverging from price - Volume nodes below average LINKBTC has been in price discovery mode...
Evening Traders! Today’s update will focus on ETH’s recent developments of getting rejected from structural resistance; a retrace is probable to the .382 Fibonacci. Points to consider, - ETH Parabola rise - EMA’s currently support - Structural Resistance tested - RSI overbought - Stochastics topping out - Noticeable bear volume ETH has had an insane...
Quick update on CRON, which has broken a key resistance level, now potential support upon retest Points to consider, - Trend change with Higher High - Structural resistance broken - RSI diverging - Stochastics in upper regions - EMA’s support - Volume increasing Higher high has come to fruition; this is the first time in CRON’s bear trend, signalling a...
Hello Traders! Today’s chart will be on BTCUSD which is testing a critical level where a break bullish can negate this long weekly bear structure, as the lower high trajectory will be broken. Points to consider, - Weekly trend bearish - .50 Fibonacci as resistance - EMA’s as support - Stochastics in lower regions - RSI hitting resistance - Volume...
Hello Traders, Quick update today on BTCUSD, where we have a potential long opportunity Points to consider, - Trend consolidating - Local resistance to break - EMA’s neutral - Stochastics neutral - Volume declining BTC has been consolidating on this lower time frame in a descending broadening wedge formation, which can be a bullish continuation. Local...
Hello Traders! Today’s chart update will be on TRX, 240 timeframe, testing an important resistant level that needs to break to keep the bullish bias. A break from this level will increase the probability of TRX testing structural resistance, which has multiple technical confluences. Points to consider, - Confirmed Trend Change - Support provided by EMA’s - Key...
Hello Traders! Today’s chart update will be on XRPBTC, we have another potential rising wedge formation looking to break to the downside with a strong bearish divergence. We need volume to back up the bears when and if we break out… Points to consider, - Trend broke out of rising wedge pattern - Double top formation / Local resistance - Local support at .618...
Hello Traders! Welcome to another update, today's chart will be on BTC, hourly timeframe! Points to consider, - Clean descending triangle - Potential retest of support - Trend putting in lower highs - RSI respecting downwards resistance - Stochastics showing downwards momentum - Low volume - EMA’s giving price resistance - VPVR showing decreasing...