* Close to 0.618 retracement of the overall leg up from 2020 * Such area already tested twice * TD count 8 * Stoch / RSI close to oversold * Negative CMF seemingly painting a bottom So watch altcoins market as if 0.618 holds it may bounce within next few days.
Ethereum is forming a sparse ascending triangle whose top sits in the 2.950-3.000$ area. That's resistance. Daily BB shrinking, price currently above mid-line. Supportive MACD. A move is coiling, a lot depends on BTC now. Watch it as well. Bullish confirmation on breakout of 3.000$ psychological resistance. Look for volume. May be worth a speculative Long,...
A very sparse falling wedge, to be fair. Pretty interesting anywhere closer to the 200$ mark. Anyway, watch it as it may bounce at any time.
Correction hadn't caught us by surprise. So far even MA200/D got tested on volume, and daily oscillators are supportive for a bounce. BTC strongly needs a further bounce and test of 42-44k resistance area. That's imperative in order to avoid a worse outcome. Then wel'll further evaluate.
* TD count=9 * 0.618 FIB retracement reached * Ongoing bullish divergence Speculative LONG setup with decent R:R here. THat's a high risk trade, like catching the falling knife. DYOD, good luck.
Any time from now, within few days. We're witnessing one of the most prolonged impulsive moves down in Bitcoin history. I can see only 2 comparable strips longer than 15 candles in terms of TD count: * 17 red candles strip in June, 2013 * 20 red candles strip, in november, 2018 In both cases they've set or closely preceeded a major market low. The latter is the...
Possible diamond in formation. Given a collaborative Bitcoin EXRD may spike up. Crucial level is 0.13, watch support . WARNING: this is a very risky setup on a highly speculative and pretty illiquid small cap coin . The kind of stuff may easily do 10x or go straight to the floor. So be aware of risks, DYOD.
It's surprising that -despite the enormous hype- DOGE bull run basically complied with very basic AT rules / patterns (so far): * Bull run was constrained within a clear ascending channel. * The second high was basically 1.618x the first one. * The recent pullback found support on channel support and MM20 middle line (neutral trendline). So what should we...
We have declining volume and some bearish hints. Unless volume picks up + Bitcoin manages to breakout/reject the wedge the odds for a sensible correction will grow, day by day. Keep an eye on support, don't take more risk on a confirmed breadown. Be vigilant in case of price moving down to the 50-55k danger zone. Have a SL.
Dominance completed the route down all the way down to 53 after failing to confirm a huge ascending triangle. See previous analysis for reference: In my opinion it's likely we'll see a dominance bounce from anywhere within to 53-49 to about 58-60. This within some weeks / few months. I would consider that a technical movement. Longer term i foresee altcoin...
Neat chart. With a supportive Bitcoin SUSHI may find a breakout. Watch it and look at volume. If breakout succeeds it may pave the way for a +25% upside, even more having some patience. Scenario likely to be invalidated if Bitcoin sinks, keep it in mind.
At resistance, top of channel. Nearing vertex of a triangle. Volume down. It feels stretched. The longer it takes the fewer the chances of a resistance breakout. Matter of days at best. Failing that an impulsive retrace (towards bottom of the channel) may happen. Fragile scenario. Watch out, protect your positions.
Provided Bitcoin holds, XRP may attempt to reach 1$ once again. It's looking for a breakout now.
CAKE broke its consolidation channel and is now looking for a further test of resistance. With a supportive Bitcoin it may achieve a Cup & handle.
With a supportive Bitcoin REEF may look for a short term bounce in order to test resistance once again. Watch support, look for hints of a breakout in case of a further test of resistance.
Mind the ascending triangle and the supportive MACD. Invalidation under marked support. As usual: watch it!
See the ascending triangle. Now testing support, lots of volume involved. Critical phase. Watch that support, bounce vs. break is the key for next market move. I see a slight upward bias, but thats subjective speculation. Nothing is certain so far.
Showing an almost zero Stoch RSI, a falling wedge and a huge red TD count BNBBTC hints a strong bounce incoming within next weeks. Those who will have patience will likely earn a 40-50% premium in my opinion. For starters. As always, do your own diligence.