AAVE/USDT looks very weak right now on the daily chart. Strong RSI divergence (yellow lines) shows uptrend has been losing momentum since the peak on November 10 and if today's candle closes in the red it'll be the first lower high on the chart since that explosive rally that started on November 5th.
There are a couple of order block supports (top two green...
Clear reaction at the 0.618 Fibonacci level on the 4-hour chart + a bullish divergence on the RSI against the price action (red lines + white arrows). This one is much stronger than the divergence we saw at the Nov 26-27 bottom that led to a 19%+ rise (yellow lines + white arrows).
Even though we're now inside the CME gap I think we will see a resurgence back to...
According to Willy Woo, number of Bitcoin days destroyed is spiking right now which tells us long-term holders are off-loading their bags. This, coupled with the fact we've had two fairly large sell-offs in the last 48hrs seems to suggest there's a lot of indecision right now.
I hope bulls can pull off another surging breakout but I'm getting the feeling that...
ETH is testing a critical resistance right now at $500. Historically this has been a difficult ceiling to break through but will it be 4th time lucky?
The next set of resistances to watch out for over the weekly timeframe if bulls are successful at the retest:
(1) $592 - the 0.382 Fibonacci level
(2) $625-$660 area - Next major resistance zone (red bar).
Key resistances to observe if BTC breaks beyond the red zone at $18,200.
(1) $18,488 - the current high (1.0 Fibonacci level on chart).
(2) $18,953 - key daily resistance from December 2017 (red line).
(3) $19,386 - 1.618 Fibonacci level.
(4) $19,660 - the official Bitcoin all-time high according to Bitstamp BTC/USD chart.
One the 1D LINKUSDT chart, LINK marines are currently retesting the psychological $13 level (blue bar) for the 9th time since November 7.
As we can see, the asset has been tracking inside a rising channel (blue channel) for a few months now and is consistently printing higher lows. We can also see the Fibonacci levels have been getting clear reactions (red...