Hello guys. Hope you are having a nice day. Today I have decided to perform an analysis of THETA. Technically, THETA is in a descending wedge in the weekly timeframe, which is USUALLY a bullish sign. The ceiling and floor of the wedge are reliable factors as they have determined the price behavior in a significant fashion in the past. Critical levels are...
ADA is on the verge of losing EMA100 in the weekly timeframe. If the current weekly candle closes below EMA100, the possibility of losing the critical support area below will be real. Personally, considering the weak volume and bearish behavior of the price, I think more bleeding is on the way. Plus, the grand scheme of the markets does not bode well for the...
Hello everybody. Hope you're having a nice day. I am going to lay out my view regarding the current BTC situation. I still firmly believe that BTC is in a bull flag in the weekly timeframe. The mid-line of the channel has been respected on several occasions and I find it incredibly valid. After the bull trap that ensnared bulls in October and November, I think it...
LRC has managed to break above the descending trend line that is designated in black. POC aligns perfectly with the resistance zone, and I expect a retest of the trendline to confirm an upward movement. Volume has declined in a significant way. In order for LRC to scale higher, more liquidity must flow in. Resistance levels are designated in red and support levels...
I can see a bullish flag. The price needs to break out of the flag and retest it and then hold it, so you can open a trade safely. The volume is significant. The POC line of the VPVR is flipped and I assume bullish momentum must build up soon.
The price action has printed a head-and-shoulders pattern. To confirm we will go down. we have to wait for the price to break down below the neckline and retest it. Then, we can wait around 1.7 to open a long in case the price shows signs of reversal. Good luck.
SRM is in the midst of flipping the resistance level to support. If the current 12H candle closes in the current fashion, I expect a massive upside to 18. The rounding formation at the bottom has the shape of a parabola. I intend to exit at 18. If you're a hodler, you might want to wait for higher prices. Good luck!
Hello dear traders, Hope you're all doing fine. After yesterday's BTC plunge, many bears have started to crawl out of their caves, but I think being a bear right now will cost you everything. I have my own reasons and I will explain them here. First, I would like to discuss the critical price levels BTC has to face. As many of you might be aware, a critical...
Blue rectangles are daily levels price has to contend with, and red ones are weekly levels price has to conquer. We seem to be on the verge of a breakout out of this humongous triangle. EMA30, EMA50, and MA21 are acting as clusters of support. The weekly outlook seems bullish. Volume seems to be picking up.
MA50 & EMA50 are strong clusters of support. LUNA is about to break out of a descending triangle. To confirm the breakout, the price action must retest the descending trend line and hold it to validate an entry. The volume is decent to propel the price higher. The major resistance zone is designated in rectangular red. The major support zone is designated in...
RAY is riding an ascending triangle, which is bullish. The ascending trend line has been respected a few times to validate the triangle. MA30 is acting as support. A retest must follow a breakout to confirm an entry.
MACD is divergent in the positive area and has room to grow. The price is riding a trend line and has managed to break out of a descending trend line that was resistance. The value area between 0.081 and 0.092 shows that TRX has enough strength to scale higher. This trade could procure a profit of 35% - 40%. The support zones are designated in green and resistance...
Dear Traders, Today I would like to share my personal thoughts with you in hopes to contribute to the trading community. When I was a novice trader, I used to trust patterns blindly, like they're sent by God! But I learned that the market SOMETIMES works according to patterns. Patterns are merely guides that help us explore possibilities. To make decisions, we...
OMG is riding an ascending channel. The midline of the channel has proved to be a stubborn resistance area many times. The price might blast out of the channel, which is super bullish. In that case, it could easily scale up to 12. Volume is beginning to pick up. Altcoins have received a boost from the smart money, such as AVAX, SOL, ADA, and KSM. OMG is part of...
XLM has broken out of this triangle and retested it to confirm an upcoming bullish wave. MACD is divergent and exploring higher grounds in the positive zone. However, volume is still insufficient. Possible targets are highlighted in green based on price action history. These designated areas are where the price has struggled to flip in the past. If the momentum...
BTC is riding an ascending channel. The floor of the channel has been respected three times. The ceiling of the channel has been respected twice. The midline of the channel has played a significant role in price action movement; if you pay close attention, you can easily see it has been resistance and support on several occasions. We can notice repeated M Barts...
MACD is about to exhibit a bullish cross to catapult the price above the trend line. EMA50 might prove to be a strong support to hold the price in the event of a retest. The volume is significant. The descending triangle is USUALLY a bearish formation; however, it is a continuation pattern as well. Considering the bullish nature of AVAX at the moment. I am on the...
MACD is on the verge of showcasing a bullish cross. We have a strong cluster of support with EMA50 & MA50 perfectly aligned. The bullish flag is broken upwards and retested, so bullishness is confirmed. Plus, we have an inverse H-&-SH pattern, which adds to all the bullishness in the air. The volume is decent. This is a trade that might produce 60% of profit. Send it!