Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...
Polygon (MATIC) technical analysis: Trade setup : Pullback near $0.75 support and 200-day moving average could be an attractive swing entry in Uptrend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance :...
Litecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence signaled that price could not hold above $75 key level and pulled back near $60 support and 200-day MA, which could be a swing entry opportunity. Price remains in an Uptrend. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a...
Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...
Litecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence made us cautious and indeed price could not hold above $75 key level. Price remains in an Uptrend and pullback near $60 support and 200-day MA could be a swing entry opportunity. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a...
Trust Wallet Token (TWT) Analysis: Trade setup : Pullback in Uptrend opportunity. Price was 2x rejected at $2.75, forming a bearish Double Top pattern, and pulled back to near $1.25 support. It is getting oversold (RSI ~ 30) as well and could see a bounce up near-term. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. ...
DogeCoin (DOGE) technical analysis: Trade setup : Weakening momentum near-term suggests price could revisit $0.075 suupport. Wait for a pullback near $0.075 support for a potential swing entry. That’s also near 200-day moving average (another support area). Previously, after massive gains, price got extremely overbought (RSI > 90) and pulled back. Trend :...
Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...
Binance (BNB) technical analysis: Trade setup : Trading in a Sideways Channel. Price bounced off of $260 support (big volume) and broke above $300, but failed to hold. Now it’s pulled back near 200-day moving average, which could act as a support and be a good swing entry opportunity. Pattern : Price is trading in a Sideways Channel , which is a neutral...
ChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by lanch of staking service. Trend : Downtrend across all time horizons (Short- Medium-...
Ethereum (ETH) technical analysis: Trade setup : Following a breakout of Channel Down pattern, price rallied to and got rejected at $1,700. Hence, price made another Lower High and Lower Low, signs of Downtrend. Wait for price to 1) break back above $1,500 and 200-day moving average to reverse the downtrend, or 2) pull back near $1,000 support for a swing...
Ape Coin (APE) technical analysis: Trade setup : Trading in a Channel Down pattern and appears on the verge of breaking out. Swing traders can trade the Channel (Enter near support trendline, Exit near resistance trendline). Trend traders ought to wait for a breakout. If it breaks out above Resistance Trendline (around $4 currently), price could rally to $5 or...
Trust Wallet Token (TWT) technical analysis: Trade setup : Price broke out of Pennant (bullish) and reached $2.75 resistance. Now wait for price to break above $2.75 resistance to resume Uptrend. (set a price alert). Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small...
Trade setup : Price rebounded from Support zone ($125-130) and reached stiff resistance area near $150 and also 200-day moving average. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term...
Trade setup : Price is in an Uptrend but in the middle of Support and Resistance, and weakening momentum. Wait for a pullback near $0.075 support for a potential swing entry. Previously, after massive gains, price got extremely overbought (RSI > 90) and pulled back. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish...
Trade setup : Following news of AXS taking steps to decentralize, price bounced off of $6 support level, with huge volumes, and reached $10 resistance. If it breaks that, the next major resistance is $14, which is also 200-day moving average. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above...
Trade setup : Trading in a Channel Down pattern. Swing traders can trade the Channel (Enter near support trendline, Exit near resistance trendline). Trend traders ought to wait for a breakout. If it breaks out above Resistance Trendline (around $4 currently), price could rally to $5 or higher. Pattern : Price is trading in a Channel Down pattern. With emerging...
Trade setup : Price rebounded from Support zone ($125-130) and reached stiff resistance area near $150 and also 200-day moving average. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum ...