It looks like the H&S pattern is completed. If this support can't hold, then things can get so ugly.
Looking for a good entry here. if it can stay above this level and consolidate here, then it would be a safe entry.
Price has been under the MA200 for the last 6 days, which is a sign of weakness. It's now above the first bullish trendline (red trendline). Failing to hold this trendline would result to see lower prices. if it cannot hold the red trendline, there is a #bearish trendline (orange line) that can act as support now. Also, there is another #bullish trendline...
This is the last #BTC chart in 2021: Although the price formed HL in weekly TF, but RSI showed weakness, the RSI level is lower than the previous HL. To see the continuation, price should hold the red trend line and RSI should break the orange line to the upside.
Failing to hold the FIb. 0.382, the next support is Fib. 0.5. Also, OBV broke the bullish trendline to the downside, which is a sign of weakness. In weekly TF, OBV is at the edge of breaking the trendline to the downside too.
It's at the edge to flip to complete #bearish mode. If it can't hold the MRL (around $9 area), then things will get so ugly.
A good R:R trade here with a tight SL. I like to take the trades which are at a good support with tight SL.
This is what I see; #bearish divergence on weekly TF. Don't listen to your #influencer, pay attention to what you can see on the chart, and play accordingly. Don't get me wrong; I don't say it will drop for sure. My point is to consider what makes sense based on your TA.
This shows the marketcap of the whole crypto market. This is what I expect to see. If this scenario plays, then we can say for sure we are in BEAR market.
A good R:R trade here. RSI shows strength but OBV still doesn't confirm it. I personally prefer to wait for tomorrow to see what will happen in traditional market
#PHA is one of the bests on Web. 3 space. Good R:R trade here with a lot of upside potential.
Bullish divergence on RSI and price heavily retraced over the last few weeks. It's time to see a bounce here.
Price hit the bottom of the descending wedge and RSI was below 30. Usually, when the RSI was below 30, ICP started a sharp move and gave us at least 2x profit. LEt's see what will happen this time.
Bullish divergence on RSI and the good support price was at, are the two main reasons I took this trade.
RSI shows bullish divergence while price shows something like a double bottom. SL is so tight and it worth to risk some money in this trade.
RSI shows bullish divergence and the price is at very strong support. A good R:R trade with tight SL. Worth to take this trade here.
I see bullishly diverged RSI and also the price is at the bottom of the descending wedge. This is a good R:R trade with a very tight SL.
I believe GALA will surprise all of us. I expect a sharp move to the upside like the last move from $0.8