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Abanefsobulls

$RSR : Looking for an easy mid term 2X move.#RSR, one of the most undervalued coins didn't show a good move in the recent crypto market surge and it seems to be it is going to be its turn. Technicals: - Falling wedge formed. Price already broke the triangle. - RSI and MACD on favor of the bulls. - Guppy EMA showing a bullish sentiment short period EMAs crossing longer period ones. - Volume Decrease + Falling wedge formation = really bullish pattern. - For now it seems the 200EMA is the magnet towards the 38.2% fib resistance at around $0.0057. Before that it should close above the current resistance level of $0.0045 - Volume looking not bad but needs a more momentum. - Price formation looking good and strong for the past 4 to 5 week. - Correctional retracement and a pull back is expected in the middle before reaching all the targets. Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of neither #AbaNefsoBulls nor its subsidiary CTE community, rather it is authored and complied by its founder. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. With Regards. Nathnael B.
Long
by cryptotalk_et
Bitcoin - We still need more indications to see the aftermath.Hey guys. Its been a little while since I posted last time. Bitcoin just seemed to show us its drama as usual and unfortunately we are in a hard position to speculate the most probable outcome at this point. But it seems its in a short term bearish trend and needs more indicators to be considered patiently. Therefore I will try to list the outcomes that have a big possibility by the following days and weeks by which I will be updating on the issue when we get more indications. - By this as I have already tried to point it out it seems short term bearish scenario is more handful at this moment backed by some fundamental indicators from the US government interest rate news. Looking at the chart we are in a point that Bitcoin is trying to escape a bearish downtrend breakout which is a critical point to whether it is going to breakout for a further downward correctional movement or not. After looking out the outcome from the daily candle at this point we will have a more clearer sight to predict where it might go in the coming days and weeks. As many traders and analysists are saying there is a probability of going downward to 33,XXX or even 28,XXX area if things are going to keep like these espicially in the US stocks and other major economical agents around the world. I will be giving updates after we see what happen to the close of the following candlestick. For now the scenario's can be taken as : 1. Refusal of a bearish breakout and going to test the 36,XXX - 38,XXX area. 2. Breaking out of the bearish side for a further correction towards the area of 33,XXX and 28,XXX respectively. Stay Tuned For Live Updates. @abanefsobulls
by cryptotalk_et
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