Right now SHIBA is consolidating (going sideways) bouncing on and off pretty strong support and resistance levels. Don't take any trades until a new trend is confirmed (long or short) as shown on the chart. ⚠️ Let me know your feedback and comments below! ⚠️ Follow me if you would like to see more analysis like this
BINANCE:SLPUSDT is showing signs of going to the $0.09 price level. From there, most likely it will retrace back to $0.0864 and then have an explosive run-up to $0.0953 You can simply enter long and wait for $0.0953 to take profit or you can enter long, take profit at $0.09. After that place a short trade with take profit at $0.0864 and then go long again (as...
BINANCE:YGGUSDT can be observed in a nice channel right now, testing various supports and resistances. More explanations provided on the chart OKEX:YGGUSDT
BINANCE:AXSUSDT showing signs of a breakout and rejection at the support level.
BINANCE:FTMUSDT is at a very strong resistance which is also a 0.618 fib level. We can also see a bearish divergence on RSI. Short position taken.
BINANCE:ADAUSDT is testing some pretty strong support levels right now and has also broke out of the triangle. Long position placed with 1:1 risk-reward ratio. Due to a choppy market, stop loss and take profit may be changed later. Trade management is very important on this one. Let me know your feedback and opinion below in the comment section!
BINANCE:BTCUSDTPERP has been in consolidation recently, quite a boring scenario for most. If we zoom out and take a look at the daily chart we can see multiple bullish divergences as well as EMA 200 as a support level.
BINANCE:AXSUSDT just got rejected at the previous ATH resistance and formed a double top. Powerful sign of a bearish movement that will probably stop somewhere between the 0.5-0.618 fibonacci movement.
BINANCE:BANDUSDT price action formed a nice bullish ascending wedge above the previous level of support. Long position placed.
BINANCE:LINKUSDTPERP testing the lower fibonacci support level. Most volume is accumulated around the ~$27 price area. Long position placed with 1:3 risk-reward ratio.
BINANCE:BTCUSDTPERP has the fibonacci level acting as a support as well as previous lows. There's also a strong bullish divergence. Chances are, BTC will go up from here. BINANCE:BTCPERP BINANCE:BTCSTUSDT COINBASE:BTCUSD
BINANCE:BTCPERP is showing a short-term shorting opportunity. A new resistance level has been formed from where the price seems to be getting bounced back. I opened a short position with take profit on the ascending triangle support level. Risk-reward ratio about 1:1. I'm bullish on the general direction of BTC still but I believe we can scalp some profits by...
NASDAQ:BBIG just got rejected at the 200 EMA support level. Long position placed with slightly over 1:1.6 risk-reward ratio.
Short placed on BINANCE:BTCUSDT with a 1:2.3 risk-reward ratio. It tested the resistance level multiple times and a bearish divergence was formed recently on the RSI. Trading on the 4h chart.
BINANCE:BTCUSDTPERP shows bull signs including: - strong 0.5 fibonacci level that has been acting as a strong support; - bullish hidden divergence; - VPVR volume higher than current price. Long position placed with 1:2 risk-reward ratio. BINANCE:BTCPERP BINANCE:BTCSTUSDT BINANCE:BTCUSD COINBASE:BTCUSD PHEMEX:BTCUSD
BINANCE:HNTUSDTPERP just bounced off the descending wedge resistance level and right above it there's a strong 200 EMA resistance level as well. Furthermore, a bearish divergence has been formed on RSI & VPVR shows significant volume as being at a much lower price. Short position has been placed. I know the risk:reward ratio it's not ideal but the market has...
BINANCE:DYDXUSDTPERP is showing a nice pullback a bearish divergence on the 15 minute timeframe.
Testing multiple support levels right now, including EMA 200 and fibonacci. Long position placed with good risk-reward ratio. High probability of winning!