BTC is using 50ma as support for the third time since July. Will it hold? Normally acts as a trampoline that makes price bounces at least 65% Will we now see $70k + ? What to watch for: - Bounce from here - If no bounce, might be some danger ahead.
ETH Weekly RSI has been in downtrand for most of 2021 until recvently where there has been a trend reversal marked by first higher low and higher highs. Thing to watch: RSI breakout of the resistance line. RSI at each resitance. How does RSI respond to resistance? What to expect: RSI to reach the highlighted box. As ETH is in ATH territory the moon is the...
HOPE YOU LIKE MY SIMPLE CHART SEE WEEKLY CHART ATTACHED - CANT HELP FEEL BULLISH MOVE COMING BULL SIGNS: NVT has turned Red (for now) STOCH RSI shaping up nicely 30k and 50MA has become support BEAR SIGNS: Resistence @ 44K Still below 20MA STOCK RSI can still be rejected
Lets see what happens. A nice breakout of the downtrend. There is a clear support at 1.2T, and a clear resistence at 1.77 We are in the middle so lets just see. My positive prediction is that we confirm breakout before going higher.
As mentioned in my previous post, I knew a big move was coming. This move was big. It is as strong as when the price moved to £64,000 the current BTC All time high. It is too soon to start talking about a long term reversal but this defintiely was a short term reversal. I have attached a Wyckoff setup and from my intuition a SOS could be the next thing on...
Descending channel and Bullish Divergence on RSI + MACD = High chance of trend reversal. Also nice bounce from $29,000 support line. All beit short tem. Expect $41k - $43k
Falling Wedge and Bullish Divergence on RSI + MACD = High chance of trend reversal. Also nice bounce from $29,000 support line. All beit short tem. Expect $41k - $43k
Falling Wedge coupled with bullish divergence on RSI & MACD = Good Chance of Reversal to previous highs and above. Eth now also confirmed $2000 support for the 5th time. Base.
Just observing: ETH has been creating a very strong base for the future at $2000 since February. The $2000 line was rejected X3 times before braking out of the resistence and re-tested it as support X4 times. A descending triangle has formed since May so excpet $1400 to be hit before being bought up VERY quickly. On the other hand we might see $2600 for the less...
Nice falling wedge getting squeezed. Bullish Divergence on RSI Daily and Mac D. 40k breakout target but could reach 46k with the bullish divergences signalling a strong move.
Nice falling wedge getting squeezed. Bullish Divergence on RSI Daily and Mac D. 40k breakout target but could reach 46k with the bullish divergences meaning a strong move.
Just sharing my chart. A re-test of a breakout. No bullish divergence. Will it fail?
Expect $18 to be hit. Set alerts to buy and take a ride to $31 which is the 0.618 fib retracement. Hopefully it will make its way back up and continue the bull market.
ETH has met and confirmed $2500 as predicted in my last post. Price has fallen below and unless it can hold $2500 as support, ETH will go to next support which is $2000.
Eth rejected at the top with what looks like a head and shoulders but my main concern is that we have not yet confirmed the $2500 breakout so just posting a potential outcome short term.