The market structure on the H4 chart was about to flip bullish. The FVG at $0.46 could offer an entry for long positions after a bullish MSB. Weak BTC meant $0.48 and $0.49 resistances could pose a substantial threat, especially over the weekend when extra volatility could arise. The Fibonacci levels are based on the move from $0.34 to $0.585 in late...
For the past 3 weeks, LINK traded in a range with extremes at $6.2 and $6.8. The range high aligns with a critical former support level in late March/April. The range-low coincides with a bullish OB (white) on the 4-hour chart formed on 12 May. A possible rebound at mid-range could see LINK rally to the range high of $6.8, especially if BTC reclaims...
MATIC’s price action rebounded from the mid-range. The range low is a confluence of a bullish OB in H12 formed on 16 May and another bullish OB formed in H2 on 14 May. A price rejection at the short-term range high could drag MATIC lower. Entry: $0.89 Target: $0.84 Stop-Loss: $0.91 RR - 2.8
DOGE’s mid-range level lines up with a FVG (fair value gap) zone of $0.07204 - $0.07272 (white). This could make the area a strong bullish stronghold and a likely positive price reaction at this level could push DOGE to retest the short-term range high. Entry: $0.07264 Target: $0.07506 Stop-loss: $0.07151 RR - 2
In late 2022, the $4.95-$5 region acted as strong support, but in May this level has been severely strained. The market structure is bearish OBV has made new lows Momentum is bearish Therefore a move below $4.9 and retest of the $4.95-$5 area can offer a shorting opportunity. FVG at $5.02 could also be tested. Slightly wide stop-loss can be considered. Entry:...
TRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May. Price action has hit the range high and could expose TRX to more selling pressure. A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan). The zone was a crucial resistance in the second half of April but was flipped to...
Weekend could see reduced volatility and Monday could set the direction for the coming week. With that in mind, the market structure of BNB is bearish H12 bullish order block at $300-$310 saw a strong reaction in early April, but each retest had a weaker bounce. When this zone is eventually shifted to a bearish breaker, a retest can offer a shorting...
Ripple oscillated within a short-term range of $0.4332 - $0.4869 between 20 April - 8 May. The mid-range stood at $0.4604. Price action broke above the recent narrow price compression range, seen from 8 May, and faced rejection at the previous mid-range of $0.4604. A pullback retest on $0.4413 could see XRP target the mid-range again. Entry: $0.4423...
The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin. The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone. Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days,...
Price action hit the bullish order block (cyan) at $0.4495 - the support has proven steady since the second half of April. A pullback retest and confirmed uptrend could rally the pair toward the bearish order block (OB) at 0.4800. A session close below $0.4385 will be an invalidation. RSI hit the oversold zone while OBV dipped - confirming the current selling...
The confluence of FVG and bearish OB on H4 in the $21.8-$22.5 area meant it was a strong resistance zone. Rising OBV and RSI showed buying pressure and upward momentum in recent days, which could see Solana rally to $22-$22.5 before reversal Entry: $22.1 Exit: $19.8 Stop-loss: $22.8 R:R- 3.1
XRP traded within a range from $0.44-$0.48 over the past two weeks The recent breakdown below the lows was accompanied by an FVG (white) Retest of range lows and a brief move into the FVG to hunt liquidity before reversal back toward $0.4 was a possibility. Entry: $0.4437 Exit: $0.3974 Stop-loss: $0.4585 R:R- 3.16
Possible short-term range formation after a strong ADA move downward from $0.42 that began in late April. Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well. A sweep of liquidity just above $0.375 was a possibility that bears must be careful of. Entry: $0.369 (aggressive, more cautious traders can wait for rejection...
ADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May. So far, ADA has seen two price rejections at this level in the past two days. A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470. At the time of publishing, the...
Polkadot breached the previous support zone of $5.60 - $5.87 (cyan). But the drop eased at the March low of $5.15. The March low level is also a daily bullish order block (white) formed on 10 March. Both the RSI and CMF were negative. But CMF had an uptick - evidence of capital inflows. If the March low holds, DOT could rally to $6.05, a key resistance...
ETH has traded within a range from $1800 to $1965 over the past two weeks. Aggressive bears can wait for a rejection from $1965-$1980 region over the next 12 hours before looking to short. A breakout past $2000 will invalidate the idea. Entry: $1960 Exit: $1805 Stop-loss: $2010 R:R- 3
The bullish order block on the daily timeframe formed on 18 Jan has acted as strong support back in March The retest of this zone on 9 March saw prices bounce to $1.24 The subsequent retest in late April did not see a positive reaction- instead, MATIC continued to slide lower from $1.025 to $0.977 over the past two weeks Therefore a daily session close below...
Price action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower...