Really wanted to post a complete update on #ETH so for this update we chose the 6h chart so that we can have a nice overview of the market structure. Ever since July , we have been predicting the outcome of the merge with a slightly bullish trend. Plotting Higher lows and higher highs along the way made traders think that we have the possibility to touch the...
CHZ has formed a pretty clear Cup and Handle pattern on the Daily , pattern that can have it's projection verified as seen in the chart. The volume is in divergence with the price action, indicating that there is low interest in pushing the price further down. We will consider this opportunity as invalidated if we close any daily below the 0.33 Fib .
CRV us in a rising wedge formation and also very close to the developing POC and previous high. Targets are based on high value areas . the only sub optimal "feature" of this trade is the RR, because the stop loss should be placed just above the previous VAH.
On the 4h chart we can establish that we are in neutral territory. Oscilators are low, MAs are neutral and we are blocked in a VPVR range that has a low of $20.4k and a high of $21160. The last 4 candles have a low ATR and therefore we do not have much room to trade. Due to the fact that the candle -2 was a doji and it was engulfed we can assume with around 80%...
We are given 3 scenarios in the Daily chart and all of them include a rebound of some sort obviously , but what is interesting is the levels we can get with them. 1st scenario - Rebound on the top of the last known demand zone, dating back to DEC 2020. 2nd scenario - Entering a range in that demand zone and finally leaving on the upside. 3rd scenario - Ranging...
$KAVA 4h chart , things we can see: - Asymetrical V shave recovery that lead to an ascending channel (can be considered as accumulation) - RSI + MACD neutral - Waves slightly positive - Fib trace shows us the possible Liquidity check area before springing upwards - $2.90 is the upper limit inside the range. Need to close 4h above that level in order to think...
Overextended and rejecting from channel top and bottom of previous bearish block formed on the hourly chart, NEO is on the way to offer a new entry opportunity. If we get scenario A (reject on 0.5F) we will not enter any longs because of the low RR If we get scenario B(break through 0.5F) we will activate a DCA trade that has two open orders between 0.5 and...
Willing to bet a donut hole that we are going to leave on the upper side. 4h looks slightly bullish, with the triangle exit yet to be determined. We are slowly pushing above kumo cloud , and we haven’t done this since the 4th of May and we failed back then. So , some things to keep in mind: - 1 We will exit the current triangle soon with a big move - Volume is...
Sitting on a tight but wide order zone , NAV has the chance to gain if we stay sideways on BTC or if it does not pump/dump with big volume . Good pair to watch aswell as ETH/BTC that has been holding strong but has less potential profit.
#BTC update As clearly plotted on the chart, we have printed lower lows since our last run on $48k. Since then we have had some tries at reversing the trend but we didn't manage to keep the higher highs. We are now in a historical accumulation zone ranging from $37500 - $39100 and breaking the local structure can allow the price to test the descending...
1H analysis Bull flag formation started at a clearly formed pole. The channel is respected thoroughly and inside that channel we have a confuence area that supports the price midway . Area formed by the kumo cloud, POC and 0.23 Fib. We also have a rejection area just before the 0.618 that can push the price back in the range (possibility to wick to it) The...
#BTC Update Technical update Taking a step back and looking at the daily chart we can see that the ascending channel is being respected. Not only that but the 0.78 Fib has been acting as a strong support level. The $39k area is a confluenced support that is comprised of: - Point of control - Bottom of the channel - 0.78 Fib Three technical supports that have...
The descending channel has been acting as resistance and support successfully this Week End and we have now headed to the 0.618 Fib on the 4h chart , for now it is holding. RR ratios for longs and shorts are not ideal for the moment so we will hold for a while. Important level to watch closely is the 0.618 Fib which is equivalent to around 41k. The orderbook is...
Luna 4h has a very nice candle formation just above the point of control , trying to break the cloud AND back inside the ascending range, waiting just for the cloud to be confirmed and can open a position given the general market can support the move. Bullish
ETH is now struggling to break above the confluence point (kumo+ ema200) that if broken will lead to the last rampart which is the descending trendline . Definitely an important level to watch that can lead to a big move if broken.
Daily view. We are in a triangle formation that is pretty wide , yesterday rejected from the POC and recently from the bottom of the Kumo cloud. The price is squeezed between two technical S/R levels and will probably stay like this till late Sunday. I cancel the potential long idea from yesterday and urge everyone to take a standby stance. On the chart i noted...
On this analysis we are taking a simple look at the daily chart that is looking great. Been a while since we said that but it does. Notable aspects: - We have an inversed H&S pattern that is pretty well defined and the price is now trying to break the neckline - Support is getting stronger at the $42.000 area - The Kumo cloud is breakable and will also offer...
In this analysis we are going to take a look at the classical timeframes with a focus on the 4H chart. So let's take the charts one by one and establish our findings: The main 4h chart - Price rejected multiple times on the descending trendline(red) - Price supported by the ascending trendline(white) that also rejected the price multiple times - Price inside...