Nykosia

Nykosia

What's Ether looking like today? Let's look at the chart! I am sure most of you guys out there can already tell it is not looking good. We have quite a bit of resistance above. Let's start with the MA first. I have displayed the 50 (purple ) and 200MA (yellow), the 50 MA is well above price action, which suggests it will likely be a resistance if we decide to...

Nykosia

Bitcoin is currently forming an ascending triangle on the daily time frame. This is a continuation pattern suggesting that Bitcoin might continue its descent towards the next support level. Personally, i believe 20K is the next strong support level. There are others before 20K but i see 20K as the strongest one for now. Volume is also very low thus making it...

Nykosia

ETH/EUR on the 1H timeframe shows the formation of yet another ascending triangle suggesting that a push towards the upside is likely. However, for this push to take place we will need more volume, as it now seems lower than previous days but i am confident that it will increase when the green candle will be closer to the resistance of the triangle ( trend line...

Nykosia

As you can see from the chart (1h Timeframe) different ascending triangles ( Blue- Yellow - Green) have been forming inside a larger ascending triangle (Red) Looks like something is brewing. Ethereum will most likely show its move soon. There is reason to think that it will move towards the upside to continue its momentum and try to break the resistance,...