TrevorSoh

TrevorSoh

With this trend line I had drawn previous days ago, it seems like CRO prices would head according to it. Thus, with that said, CRO prices may look to hit 0.000016 on the day of the next syndicate event before dumping like any other on the 15th July. P.S. I had closed my long order yesterday at around 0.0000135 as I had doubts and felt safer to close it.

TrevorSoh

With BTC Dominance decreasing, ETH Dominance increasing looks likely as yesterday's doji candle with a stronger price pull backs from the lower end indicate bullish sentiments.

TrevorSoh

Looking at yesterday's candle, it confirmed my bullish sentiments for ETH/BTC as prices faces a violent pull back when attempting to make a downward move. Guess I am going long in this

TrevorSoh Updated 

Looking at MCO prices, I am met with a dilemma. Often I found myself going, is this going long or short? If one were to look from an optimistic standpoint, MCO prices have been consistently moving upwards, indicating a rather strong bullish investor sentiments. However, if one were to look from a pessimistic standpoint, there are as much indicators pointing...

TrevorSoh

Looking back when the triangle was forming, ETH prices had a rather violent price pullbacks when trying to head downwards. On top of that, a Bullish Engulfing Candle formed upon the forming of the triangle, indicating a rather strong bullish sentiments when forming the triangle. Therefore, with all that said, I likely believe that the breakout of this triangle...

TrevorSoh

For the short term at the very least, BTC prices would move downwards to test supports. This sentiment is further support by bearish outlooks on BTC Dominance. (Graph on BTC Dominance)

TrevorSoh

As of now, BTC Dominance has just broke a 1 month long accumulation zone with movements going downwards. This would then indicate a bigger downward move as of now, none of that have occurred yet. Likely, BTC Dominance would retest the long standing support line. From then, I would need to closely observe the pullbacks of BTC Dominance before making anothe...

TrevorSoh

If you have seen my previous idea, I a have mentioned that if in the daily time frame, a bullish engulfing candle were to form, it would confirm that the recovery of prices from the dump is starting. As of today, the bullish engulfing candle did form and a support line is appearing with a very bullish sentiments. I would need to take a few days to fully confirm...

TrevorSoh Updated 

Looking back at yesterday's candle, it was indicating to be bullish as price pull back when prices were trying to head downwards. The 9 MA also looks unaffected and continuing its upward momentum. All pointing to a continuation of CRO uptrend or recover after dump in prices caused by syndicate events.

TrevorSoh

Even before the BTC syndicate event which should caused a lot of hype around CRO and cause the price to continuously rise, CRO prices traced back slightly right before the syndicate event. Therefore, this might indicate a possible ending of the uptrend or a possible downtrend as such upward movements CRO has been experiencing is unsustainable of long periods of...

TrevorSoh

I would see this as a short term short opportunity as BTC prices as of now does not look favorable for a continuation of a upward trend. BTC prices would fall and would likely test the 8400 support and return back to its upward trend as BTC prices are now below prices forecast by the BTC stock to flow ratio

TrevorSoh

When trying to breakout upside, ETH has so far received strong price pullbacks. Coupled with significant sell volume, ETH prices are most likely going to take a dump for now.

TrevorSoh

Looking at the areas that received strong price pull-backs when prices drops, you could see that bulls are not willing to give up the fight against the bears, showing that they still have some potential left.

TrevorSoh

As you can see, the circles are drawn where prices faced strong pullbacks when encountering support or resistance lines. Going with it, BTC have a more likely chance of breaking upwards or travel sideways rather than down. In order to have a upward breakout, volume indicator for BTC would need to have significant buy in amount.

TrevorSoh

Looking at current situation, BTC would head to the support line. Then, it is up to anyone's guess whether it would go up or down. However, I have recently read a cointelegraph article about BTC being bullish. You can fee free to read about it by clicking the link below. cointelegraph.com

TrevorSoh Updated 

Each white vertical lines represent the end of each syndicate event on crypto.com/exchange If you noticed, during that same time, CRO would dump and for simple reasons as CRO is coverted into other altcoins during this syndicate event, triggering a sell off. Later, people would sell their altcoin back into CRO to participate in future syndicate events with more...

TrevorSoh

Based on my previous idea, 9MA looked like a great indicator / support for CRO prices. As of today, CRO prices have touched the 9MA and looking at 1h time frame, a recovery could be expected as stochastic looked bullish with significant uptick

TrevorSoh Updated 

Stochastic and trend line clearly indicates a recovery of prices in BTC and if one were to look at 1 day time frame of BTC, it is possibly that upward momentum may resume as MACD look mildly bearish with little challenge from bulls easily overcoming it.