Sol is struggling to break $48.60; an area in which there are many limit short orders, so a pullback is quite possible to occur. If you are looking for longs its better to buy the bullish retest of $48.60 (see chart) as it gives you higher probabilities of bullish continuation. The next strong resistance is around $75.50.
Matic surge caused after Polygon was selected to participate in Disney’s accelerator program. What’s the trick? If MATIC rejected at $0.75 or in the worst case at $1.08 -due to too many short orders-, the probabilities of breaking the $0.38-0.29 demand zone are highly increased. Under these conditions, next support is $0.04 or lower; a 94% fall from the...
Last 30 days AAVE doubled its price before finding local resistance at $91.50. That’s the first good level to look for shorts. If $91.50 breaks, AAVE will hit the next resistance near $115. That’s the max distance this pullback can cover. With the possibility that a fakeout may occur, another nice level to watch for shorts is around $105.
GMT is forming a double top pattern. If you are intend to trade this pattern, the first take profit target is around $0.56-0.55, And the more optimistic one near $0.44.
After a 92% fall $Shib found strong support at $0.00001037. I would be looking for longs at the next crucial support $0.00000592 Be aware of these meme coins, they have zero utility. Risk only what you can afford to lose on them.
#Bitcoin found support below $19k and begun ranging between $18.6k and $21.5k. The last is the most crucial level because a valid breakout results in a 32% pump to $28.270. Between those two S/R levels there are only two weak resistances; the first one at $27.5k and the second around $27.6k If this scenario is going to play out, I’m expecting a really quick...
After selling pressure above $1250 ETH is testing a very important – but not strong - support level at $1105. A monthly close below this level could be really a disaster for Ethereum, as it will trigger a 40-60% fall. Except some local stops there is nothing strong to support the price. Be Careful with leveraged longs!
Same pattern as many other altcoins. After an 84% surge $Sand rejected at long-term resistance around $1.34. There is not enough strength to break this level. Yes, a fake out is possible, but the only way for now leads to Hades. First support at $0.936 but it will break. The next stronger one located around $62.
Mana pumped last week 45% finding resistance at $1.08. It seems quite difficult for Mana to succeed a valid breakout on this level, plus the next crucial resistance is 65% above the current price. A fakeout is likely though and an excellent opportunity for shorts too. The most possible scenario is a return to $0.75 and then down to $0.60.
$Matic broke $0.56 and now heading down to $0.48 – previous support. Will break … it’s inevitable! The 1st important level to watch for longs is $0.38, on condition that it won’t break.
It’s the second breakout attempt at $0.62 that Matic failed to succeed. Matic already did a 99% pump this week, so don’t expect much. We may see a fakeout around $0.79 and that's all. These levels are excellent to look for shorts. You can find my previous TA below.
After several breakout attempts DYDX rejected at $1.53 resistance. If selling pressure withdraw in conjunction with a BTC short-term recovery, it will hit $1.62 strong resistance. $1.53-1.62 are perfect levels to look for shorts. The revisit at the ATL is inevitable.
FTM seems to strive for a new breakout as rejected at $0.30 yesterday. Maybe we see a breach at this level, but it will be temporary – a fake out - as the next essential resistance located over 65% of the current price. In the short run there are two supports to watch: a) $0.24 will break for sure b) $0.185
GMT is testing again $0.86 resistance and a temporary breakout is possible. The 1st short-term support located around $0.57. And the 1st long-term crucial is remaining at $0.438. Once again, it's better to earn GMT than buy it!
Zil surged over 50% last day, of course this will not last for long. At the time of writing, Zil is exactly on $0.043 important resistance. That’s the 1st resistance you need to look for shorts. The second one and most important is at $0.05, n’ I think that’s the max top of Zil’s pullback.
$Link is testing one more time $7.50 as resistance; it’s a good level to look for shorts If breaks, the next crucial resistance is at $9.80. Wait for the day’s close before taking any position.
It broke $212 crucial support. Next short-term stop is at $140, but is a weak one. Unfortunately, the next strong support is way way down to $45.
EGLD broke important resistance at $53.40, yesterday, but today is below it again. Daily candle close will confirm or not the fakeout. Anyway do not expect huge pumps in a bear market. Next support is at $40 and I’m sure will break it, after all. The first crucial support to watch is around $25.