AZERO testing the previous resistance as new support here while squeezing against the local downtrend resistance...tracking closely, great setup if holds:
Eyes on GMT which is breaching up the main downtrend resistance after weeks and bouncing on the key 40 cents support.
Eyes on SNX breaching up the local resistance with increasing volume:
EGLD initially rejected on the main resistance. If revisits the new local support setting a new higher low would be primed to enable a new and stronger bullish wave. Solid fundamentals.
In the meantime Bitcoin has been consolidating nicely, Yesterday had a minor drop but recovered back in no time pushing a great daily candle close. We are still at the verge of a key bullish breakout, testing levels not seen since the summer 2022. The volume influx it's being super positive so far. Still no full confirmation for now...but things are really...
Eyes on FLOW, resisting the pressure and starting to breach up the key $1,2 resistance, key level
Yesterday's night, after a bounce on the key support, it breached the local downtrend resistance like butter. Keeps pushing even today, and we are just scratching the doors of the key reversal. Breakout and consolidation over the $1,700 resistance would unfold the real action:
Eyes on MATIC which is bouncing on the main uptrend support and getting closer again to the key resistance. Breakout here would unfold the bullish reversal
LRC bouncing on the main horizontal support confluence with the local uptrend. Also breaching up the local downtrend resistance
XRP squeezing on the local downtrend resistance but respecting the key support at 40 cents:
Tron squeezing against the horizontal resistance while holding the local uptrend support. Primed for the bullish reversal.
Ethereum remains rejected on the main $1,7000 resistance, but continues holding the local uptrend support...squeezing there and pushing for the breakout.
After a long consolidation, the main bullish pennant is breaching up on SHIB
Today we are going to focus on the Bitcoin chart but on the long term perspective. For that, we are going to focus on the trends and why are going to use the MA's (Moving Averages). To be precise, two of the most common and more widely used, the MA 50 and the MA200. The 50/200-day simple moving average is a trendline that shows the average of 50/200 days of...
Unable to breach the main horizontal resistance is struggling now to hold the local uptrend...be careful for now.
ETH, which continues being rejected on the $1,700 support. As we have been commenting the last 2 weeks...the main horizontal resistance. For now holding the local uptrend support, looking for a final squeeze there. But as with Bitcoin, I would be careful, the risk/reward to add positions here...ugh not really interesting, the H&S pattern remains there, and as...
This one remains on my radar...for a couple of weeks have been consolidating and building up momentum into the ascending triangle, usually a pretty bullish pattern. Notable volume increase too. The horizontal resistance at $18,5 is the level to beat, breakout here would signal the local bullish reversal. Really nice setup
Along with Bitcoin, ETH has been rejected also, straight on the main $1,700 resistance we pointed out the previous days. This is probably the most important resistance to beat right now. The correction pushed the price down to the local support on the $1,500 range. Early to say...but it's starting to look like a Head & Shoulders pattern...perfect neckline so far,...