Wunderbit

Wunderbit

ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month. Trading Plan COINBASE:ETHUSD : There are two...

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As we wrote in the previous posts, BITFINEX:BTCUSD price is targeting the final upward rise towards the golden pocket in the area of $11,241. Based on the volume and the level of RSI, if the price will able to reach this level then it will create a divergence on both of these indicators. We are starting to monitor the short position as this looks like an...

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The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume. The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current...

Wunderbit Updated 

BINANCE:SUSHIUSDT is forming a nice global descending triangle. Usually, this is a continuation pattern and in the case of SUSHI/USDT, the price should break the bottom of the triangle. There is number of reasons for that: 1) The Sell Zone on the top $2.39-2.51$ which is combined with the downward resistance line 2) Multiple checks of the bottom of the triangle...

Wunderbit Updated 

The bitcoin price BITSTAMP:BTCUSD broke above the horizontal channel. However, the volume does not support this breakout. The price is aiming to retest the level of $11,100 as a new resistance level. Trading plan: If the price will continue to increase while the volume is decreasing this will confirm the false breakout and the fact that the price is driven...

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Based on the 4H timeframe, COINBASE:ETHUSD is forming a nice and solid long setup. The macro picture Starting from March 2020, ETH is in the upward trend. In the past, this trend acted as solid support and so far it remains as a good support level. However, from the price level of $489.38 the asset experienced the downward impulse wave that was accompanied...

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Looking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this. 1) Price/Volume and Price/RSI divergence. 2) This divergence occurring next to the important resistance zone of $22.90 3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9 Trading...

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Like most of the crypto assets, BINANCE:EOSUSDT is currently trading in the horizontal channel. This channel is supported by the decreasing volume and the buy zone between $2.65-$2.8. The overall high of the channel is around 8% and there are 2 main ways how to trade in the horizontal channel. 1) Trade from one end to the other. Taking into consideration that...

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After the rapid fall at the beginning of September, it looks like Bitcoin was able to establish another horizontal channel between the $9,825 and $10,600. The price can easily stay on this channel for a long time and it is a good opportunity if like to trade the horizontal zone. The overall high of the channel is 7.41%. If you are risk-averse trader, make sure...

Wunderbit

After a dramatic panic crash, BTC/USDT (Binance) is now in consolidation. Expecting an upward move till midnight. Elliot waves worked great on 1H crash. General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to $3k. Hodlers are...