Chart Illustration is clear enough. However, point 1 confirms there was a retest of the Support Zone before prices retraced back to the point 2 which used to be a MAJOR SUPPORT AREA, price created a BEARISH ENGULFING signalling a SELL OFF but considering the BREAK-OUT at the Support Zone, there was a rejection, we expect the price to sell below 0.77079 to enter a SHORT.
The price has been a steady uptrend before now, several consolidation has occurred on the 200 EMA. looking at the chart there is a valid trend-line acting as support and price tends to create ATH in may on the 10th to be exact and after which price created a lower High. A pennant chart has been formed which if a break below the price 83.956 happens then we are...
I said in the previous analysis shared that, I have been here before with this particular type of setup and I made it clear a clear break-out should be a good entry for SHORT. follow me for more updates for entry opportunities.. P.S: This is not a financial advise and you should consider doing extra research on analysis I provide to stay clear of any unfortunate...
Hello Guys! Looking at the chart, we have 200 EMA attached for trend confirmation. There is no clear direction yet to focus and we have multiple rejection on the 200EMA and the Trend-Line acting as support, as you already know, a clear Trend tends to move way above the EMA and Trend-Line indicating a clear direction of price action. We have been able to identify a...
A successful correction of the FIB lev over the past 93 days eventually broke below the SWING LOW which also has been a STRONG SUPPORT ZONE for the past 93 days. A temporary SELL OFF occurred below the SUPORT ZONE but the Bears MOMENTUM couldn't push the price below. Price is currently moving to reclaim above 1.07500.
I have been observing this chart pattern and seeing the Cup and Handle signals a possible Long Term Bullish opportunity when we see a successful break-out. According to the team, the engagement to the progress of token is extremely slow but as we all know, the rapid growth of NFTs and gaming based on Block-Chain is gradually evolving.
In the space of 268 days #Eth made a serious move with 1685.10% in profit. unfortunately after reaching its ATH, a huge SELL OFF occurred also in the space of 11 days causing a huge 60% PULLBACK. Considering the previous UP TREND which saw multiple consolidation and false break-out, and the multiple rejections on the trend-line which eventually broke to the...
previous move showed that there was a strong bullish momentum which was corrected by the bears and a strong support zone was created, price is currently inside the Resistance turned Support zone. The connecting highs from the downward trend created a valid support with rejections above the support level of the connecting support area, currently the anticipated...