Trendline and support below at around $0.30 - $0.20. Very possible with a similar sell-off to last year but either way is a gamble near ATHs. Bit of a wedge forming as well should we hold up.
Bearish trendline held up. Check weekly for HTF downside potential. Weekly close beneath and a pull back early in the week would be ideal
Update on the downside bias for crypto in general, currently tapping into a bearish trendline. Also a potential fibonacci in play with the 78.6% retracement lining up with the resistance. Rejection at resistance would also create a head and shoulder formation, for another confluence. Eyes on XRP rn, dont think we will break above the $1.30 region for now but...
After some manipulation around ATH, this short looks solid now. We had a bearish candle close and also created an upper wick on the 25th. Now we are breaking the low of the previous candle which should continue lower. Will be putting money on this for sure. The fib is from the Monthly chart.
Currently at 78.6% fibonacci retracement on the intraday timeframes. Entered this morning now back to entry adding to position.
Long-term view of this pair, still waiting for regulations. Would be a perfect reason to crash this as its being pumped by USDT.
Potential reversal from here with this fibonacci retracement. A bearish week for a monthly close below the 78.6 would be great.
Last time we was at these levels we had a head and shoulder. Shown by 1 (green) and 2 (red), expecting this weekly candle to close below this range. This is where a lot of selling pressure is, above the ATH is obviously free game but for now we have resistance here.
Currently at some important reversal levels from the HTF. If today closes bearish will be a solid confirmation aswell.
Expecting this to continue downwards if we stay beneath this trendline. Alternatively, if we break above we have a solid range to go upwards. If the dominance goes up that probably means there is less money in other coins.
If the 61.8% retracement holds up at the support, a good chance that this will continue upwards. Will be watching this stock in case this does hold. We have an interesting week next week for fundamentals / news.
This one is a slow mover, it has been bullish ever since its listing. Any pullback I would expect to be sudden and fast. Overall it makes sense for this to continue going up, no point trying to guess for a reversal. The last resistance could make for a break and retest to continue going up.
A fib drawn from the last high to the last low on the daily shows the 61.8 lining up with the top of the range. Unsure if 78.6% retracements work for stocks so this is a test for now. If we reach the extensions before pulling back then 61.8 is the ideal level to enter.
Zoomed in look at Amazon. Currently within a range since July 2020. The previous range broke above and came back before breaking higher. Similar scenario could happen here.
Engulfing candle on the previous close, any significance will be confirmed on the weekly.
Taking a short here since the Weekly is at the 78.6% retracement. A head and shoulder could form after a drop over the next few days. Any price action above $57,000 will be an opportunity to take a short position. A break above the shoulder and head would change my bias.
Zoomed out view of Amazon starting from 2008/09. This stock has only gone up since the financial crash. I would expect the same should there be one with the USD. Currently within a range, last time we wicked above we continued higher. Alternatively, a candle close below this range will be a clean move down.