LINKUSDTHi guys
It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued.
The support area of $17.24 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.24; The downside scenario is more likely.
What do you think?
Ceypto
XRP & 0.53 support line: Two scenariosThe important XRP supports and resistances are plotted on the chart. The canal floor support line is a very strategic support line for Ripple that Ripple has respected twice in the past. Ripple, on the other hand, has a static support/resistance level in the range of $ 0.53. Although Ripple has reacted to this level of static support over the past few weeks, I think it will probably return again to this level of support.
Ripple, on the other hand, appears to be forming a descending triangle pattern on this support level.
Given the above, my idea for the future of Ripple is as follows.
1- If the descending triangle pattern is ignored or the formation of this pattern fails, Ripple can respect the support of the channel floor. If there is no breakdown, we will face an uptrend scenario.
2- If we take the pattern of the descending triangle seriously, there is a possibility of a breakdown of the support line drawn on the bottom of Channel 1. If the 0.53 support and the channel floor are lost, where will the next stop be?
Based on this, I have drawn Channel 2.
This channel is based on 2 top prices and one le, but Fibonacci fan and Gan confirm it.
ATOMUSDT A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 14.500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: ATOMUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
ADAUSDT head and shoulders foundedThis is warning to all cardano holder if cardano didn't close today candle above 1.5 usdt level than higher chance of head and shoulder pattren will in play and the measured move is at 0.92 usdt level this move will be so quick as like dump 🙈
Note: Analysis market with your brain do not fallow me its just an idea and my thought
BTC is in down trend if fails to close abobe 42k level and lower than i can bit on ada will fallow more harder than btc 😎
Again wait for today close above 1.5 usdt after that take the trade do not forget to use stop loss should be at 1.76 usdt level which is 0.78 fib level as well
Happy trade