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Bitcoin could be done with a fakeout rally Yesterday, Bitcoin dropped below an important support at $26,800. Currently, it trades slightly above this level. As a result, we will pay attention to Bitcoin’s ability to stay above $26,800; if it fails, it will be negative. Besides that, we will also watch RSI, Stochastic, and MACD on a daily time frame, all of which started to flatten recently and now point to the downside; furthermore, MACD is approaching the midpoint. Overall, technicals are turning increasingly bearish again, suggesting that the recent rally might have been only a fakeout after all. Illustration 1.01 Illustration 1.01 displays the daily chart of MACD as it approaches the midpoint. If MACD breaks below zero, it will be strongly bearish for Bitcoin. Illustration 1.02 The picture above shows the daily chart of Bitcoin and two simple moving averages. The yellow arrow indicates a bearish breakout from the upward-sloping channel. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
8
LOOMUSD On course to test the All Time High.LOOMUSD crossed over the High of the previous Cycle (0.2650) and got ridiculously overbought even on the 1W timeframe (RSI = 91.375, MACD = 0.029, ADX = 42.981). However this doesn't necessarily mean that it can't go higher and even more so by a significant margin. The 1W MA50 will inevitably cross over the 1W MA200 next week and will form the first ever Golden Cross on the 1W timeframe. That is an incredibly strong bullish signal on its own but coupled with the 1W MACD which shows us that we are potentially around February 8th 2021 in relation to the parabolic rally of the previous Cycle, we can realize that this rally still has fuel in it. We are still long, targeting near the ATH level (TP = 0.7000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LOOMUSDLong
by InvestingScope
6
BITCOIN Haven't we seen this before??Bitcoin (BTCUSD) tends to repeat its historic patterns. Not always in the exact same way but some principles remain. Since March 2023 we see a consolidation/ accumulation pattern which in our opinion draws comparisons with April - June 2020. A Falling Wedge gave way to an aggressive break-out that formed an arc top, which then declined again below the 1D MA50 (blue trend-line). At the moment we are in the phase where the price is again above the 1D MA50. As you can see the 1W MA50 (red trend-line) has been supporting this whole time, since it formed a Bullish Cross with the 1D MA50. The RSI patterns between the two fractals are also similar. We are well aware that 2020 was a Halving year while 2023 is not, but at least on a micro level, do you think that if the 1D MA50 holds, it will give way to some type of short-term rise? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
56
RUNEUSD Megaphone rebound aiming higher.THORChain (RUNEUSD) is testing the 1D MA50 (blue trend-line) as short-term Resistance after a clear-cut bounce at the bottom of the Megaphone pattern and just above the 1W MA50 (red trend-line). This mobilizes the 1W MA levels to come into focus and justifies a short-term (at least) buy towards 2.5000 (top of Megaphone and expected contact with the 1W MA100 (yellow trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:RUNEUSDLong
by TradingShot
2
GALAUSD Short-term buy signal on a Bullish DivergenceGala (GALAUSD) is trading within a Channel Down pattern since early January and recently got rejected on the 1D MA50 (blue trend-line). Despite the declining trend, the 1D RSI is on Higher Lows, i.e. a strong Bullish Divergence. The Lower Highs trend-line has been broken, and the previous two times it did so within the Channel Down after a bearish leg, a counter-rebound took place. As a result we consider this a buy signal towards the top of the Channel Down. We don't wish to exceed the 1D MA100 (green trend-line), thus our target will be contained at 0.0170. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:GALAUSDLong
by TradingShot
1
Bitcoin's dominance continues to march higherBitcoin has been primarily choppy since our previous article. As a result, not much has changed in our stance, and we continue to pay close attention to the resistance at $28,000. A failure of the price to retake this level and hold above it will be bearish. Contrarily, a breakout above $28,000 will raise our suspicion. Besides that, there is one more thing we want to point out: the growing number of Bitcoin addresses with balances exceeding 1,000 BTC (which is bullish; however, the growth has not been too immense so far). We will update thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 shows the daily chart of MACD, which is in the bullish area. However, if the price continues to trend sideways for a while longer, we will likely see MACD flattening. Illustration 1.02 Illustration 1.02 displays the daily chart of Bitcoin dominance, which has been growing in line with our recent prediction. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Neutral *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
17
RNDRUSD: Small but steady rise. Expect more aggression soon.Render Token has been steadily rising since the August 28th contact on the HL trendline but more importantly the 1W MA50, which held for the second time since the week of March 6th 2023. The 1W technical outlook is neutral (RSI = 53.781, MACD = 0.060, ADX = 33.069) meaning that there is significant upside potential. The Bullish Cross that is about to be formed on the 1W MACD also reveals that this is only the start of a long term leg. We are aiming at the R2 level (TP = 4.25000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:RENDERUSDLong
by InvestingScope
BITCOIN Yuan & China bonds tell you everything you need to know!This is not the first time we emphasize the strong correlation of Bitcoin (BTCUSD) with Yuan (USDCNY) and the Chinese Bond Yields (CN02Y and CN20Y). We made an analysis right in the aftermath of the FTX crash, indicating why those indicators have all aligned, paving the way for BTC's new Bull Cycle. As you see that happened and this time we incorporate two mixed elements, the USDCNY/CNY20Y (red trend-line) and the CN02Y/CN20Y (blue trend-line). ** The CN02Y/CN20Y ratio ** Every time the CN02Y/CN20Y ratio's Lower Highs broke in the past, Bitcoin started the second phase of the Bull Cycle. Typically this was achieved while BTC was within a Channel Up (green). Right now the CN02Y/CN20Y ratio is testing its Lower Highs trend-line. ** The USDCNY/CN20Y ratio ** The CN02Y/CN20Y break-out has historically taken place a little after the USDCNY/CN20Y ratio peaked and started to decline. Not unexpected based on hard economics as a cheaper currency favors capital flowing to risky assets (such as Bitcoin). Right now the USDCNY/CN20Y ratio has started to decline but not emphatically yet, even though the 2023 rally is very similar to the ratio's peak rallies of January - March 2020 and June - October 2016. ** The harmony of the Sine Waves ** It is very interesting to point out the high degree of symmetry between those CN02Y/CN20Y break-outs and USDCNY/CN20Y rejections. We have applied the Sine Waves tool on them and the trend turns out so harmonic, almost like a Cycle itself. This shows that at the bottom of the Sine Waves, it has never been a bad idea to buy historically. This mix is incredibly bullish for Bitcoin technically and it prompts to a new parabolic rally as we get closer to the next Halving, the likes of which we may have not seen in the past. But what do you think? Is this pattern good enough for you to buy when the ratio's Lower Highs break-out takes place? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
13
XTZUSD Extinct crypto starting to move?Tezos (XTZUSD), a long forgotten market favorite, is posting today the strongest 1D green candle since February 22 2023. This is backed up by a long 1D RSI Bullish Divergence. As long as the 0.6300 Support holds, we expect XTZ to target first the Lower Highs 2 (dashed) trend-line and the 1D MA200 (orange trend-line) and finally the strongest long-term Resistance Cluster, the 1W MA50 (red trend-line) along with the 0.92500 Resistance. Our target is 0.9000. Notice the similarities between the current mid-2023 Triangle, with that a year ago in 2022. That broke the Support to the downside and extended to the 2.0 Fibonacci level, while the current is breaking above the Triangle. Keep that in mind however, in case the 0.63000 Support breaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XTZUSDLong
by TradingShot
1
BITCOIN The Gaussian giving one of the rarest buys you can get.Bitcoin (BTCUSD) has been trading within the (now green) Gaussian Channel since the mid-August decline. It is no surprise that it held that low and trade basically sideways as once the Gaussian turns green historically, it has signaled the phase of the bull market before the Halving. It shouldn't turn red again before the new Bear Cycle. Last time BTC dipped inside a green Gaussian Channel after breaking into while red, was in October 2019. December - January 2020 followed with a strong rise before the non-technical and outside of any model's reach Black Swan event of COVID (which is an irregularity and doesn't count on our models). As a result, such Gaussian green dip and trade is a rare buy opportunity during a Bull Cycle while prices are still relatively low. For reference, such an opportunity didn't emerge in the 2016 - 2017 Bull Cycle. Perhaps a 1W RSI at 40.00 would be the most ideal buy entry (lowest risk/ highest return). But what do you think? Is this Gaussian pattern good enough for you to buy? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
A flight of capital to considerAfter reaching more than $28,500 on Monday, Bitcoin fell to about $27,200. So far, that seems to justify our skepticism about the recent rally (a potential fakeout). However, the number of Bitcoin addresses with 1,000 BTC or more in the balance started to tick slightly higher, which raises our suspicion as it is a bullish development. In addition to that, MACD continues to rise on the daily chart (already within the bullish zone), and RSI failed to break down. To support a bearish thesis, we want to see MACD start flattening (eventually reversing) and RSI, with Stochastic declining. Furthermore, we want to see Bitcoin struggle to regain a foothold above $28,000. To support the bullish thesis, we want to see all mentioned technicals rise on the daily chart; additionally, we want to see Bitcoin march higher, being accompanied by an uptick in volume. While we still remain skeptical about the steep price tags that people continue to predict, there is one bullish scenario to consider. We refer to the phenomenon we saw in the late first quarter of 2023, when regional banks began to implode, which caused a shortlived flight of capital into Bitcoin. Recently, the U.S. banking sector (mainly regional banks) has started to weaken again, which would be one thing to pay attention to in the near future (along with commercial bank deposits). Nonetheless, at the moment, this is rather a thought than a concern. Illustration 1.01 Illustration 1.01 shows the daily chart of Stochastic. The yellow arrows indicate a bearish divergence. Technical analysis gauge Daily time frame = Slightly bullish Weekly time frame = Neutral *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
12
LQTYUSD Some more fuel left to burn on this rise.Liquity (LQTYUSD) broke yesterday above the 1D MA200 (orange trend-line) for the first time since July 14. That is the 2nd major bullish break-out signal since the breaking over the Bear Cycle's Lower Highs trend-line on October 01. The presence of the 0.382 Fibonacci retracement level now shouldn't stop this rally, but Resistance 1 (1.8200) could. As a result we are only willing to take the risk until 1.8000, as the 1D RSI is vastly overbought (85.00). After that, look for the best buy opportunity on the 1D MA50 (blue trend-line) again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LQTYUSDLong
by TradingShot
3
ETHBTC Channel Down but how long before it takes off?The ETHBTC pair is trading within a Channel Down pattern on the 1W time-frame, with the 1W MA50 (blue trend-line) its key Resistance basically since the March 2023 sell-off. What's new though is that after this week's bearishness, it is approaching the 1W MA200 fast. This coincides with the ETH's previous Bear Cycle bottom. That could be the test level before the price rebounds and really takes off breaking finally above that Channel Down. The current trend is bearish but you wouldn't want to bet on it too long. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
5
BITCOIN May not face again a Resistance Zone as strong as this!!Bitcoin (BTCUSD) is consolidating within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) for the last 10 days. This neutrality, this sideways price action may be directly attributed to the presence of the Lower Highs trend-line since the top of the previous Bull Cycle. But it's not only that double hurdle level that BTC needs to overcome. Directly above it, we have the 31800 Resistance (July 13 2023 High), which is also the Mega Pivot Zone between the two Cycles, as it started as a Support Zone (closing all 1W candles from May - July 2021 above it with emphasis) and since May 2022 has been the Resistance to beat. It becomes obvious that this is a quadruple Resistance level and quite frankly the strongest obstacle BTC has faced thus far during the 2023 recovery phase and quite possibly a Resistance Cluster the likes of which may not face again during this new Bull Cycle. But what do you think? Is this the most critical Resistance Zone for Bitcoin and if so, will it break now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
5
TUSD: Strong breakout confirmed. Rally just beginning.Threshold crossed over the LH trendline of 2023, turning bullish on the 1D timeframe (RSI = 67.372, MACD = 0.000, ADX = -21.212). This is a confirmation that a new rally has started, as it also closed over the 1D MA50. This has been done before on June 23rd but there was no RSI Bullish Divergence as it built up now. Consequently, the short term target is the 1D MA200 (TP1 = 0.0240) and after a pullback rebuy and target the R1 level (TP2 = 0.02955). After that, the upper Fibonacci levels will play the Resistance part. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TUSDLong
by InvestingScope
3
LOOMUSD A rise the likes of which we've never seen.Loom Network (LOOMUSD) is on the 5th straight green 1W candle, with the last 3 weeks in particular being the strongest bullish sequence LOOM has seen since its historic All Time High on the week of April 30 2018! Last week it closed the first 1W candle above the Bear Cycle's Lower Highs Resistance and the 1W LMACD sequences resembles the last strong rally of 2020 - early 2021. Based on that we should be currently on leg (c), which can extend all the way to the 2.0 Fibonacci extension, despite the presence of Resistance 1 (0.26900). Our target is 0.60000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LOOMUSDLong
by TradingShot
2
BITCOIN Cycle mapping like you've never seen it before!On today's Bitcoin (BTCUSD) study, we plot the historic Cycles on top one another, classifying them into different phases. This is an alternative but very useful way at looking in BTC's historic cyclical action as it offers a sound perspective regarding our current place on the Cyclical Scale. As you can see, the 2011 - 2013 Cycle is displayed in blue, the 2014 - 2017 Cycle in orange, the 2018 - 2021 Cycle in black and the current one 2022 onwards in red. The phases are: Bear (red), Accumulation (orange), 1st Rally (blue) and 2nd Rally (green). The three most recent Cycles are plotted as they are in terms of duration but the 2011 - 2013 one is stretched in order to fit the phase classifications and relate to the more recent Cycles. As a result, its Halving (1) is also moved to its respective spot. It is no coincidence then that all Halvings (1 through 4) fall close to each other on what we call "the Halving Belt". Now this Cycle display gives a sound sense of Bitcoin's Cyclical perspective in relative terms (for Cycle 1). The "we are here" vertical line reveals the respective place relative to the past Cycles. As you see, it is about to end the Accumulation Phase and as it approaches Halving 4, start the 1st Rally Phase of the Bull Cycle. So what do you think? Does this chart give a fair sense of where we are now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
8
BTCUSD: The key to aggressive expansion.BTCUSD is neutral both on the 1W (RSI = 53.284, MACD = 507.200, ADX = 28.424)) and 1M (RSI = 49.845, MACD = 467.000, ADX = 18.857) timeframes, an encouraging outlook as it is recovering ground from the 2022 Bear Cycle. This is a chart illustrates quite accurately the Cycles of Bitcoin, transitioning from Bear to Bull and vice versa. Right now we are in the retest phase of the Bear Cycle's Support that broke in order to create the bottom. Every Cycle did that retest and in all cases it was performed on the green part (buy level) of the accumulation that preceded the Aggressive Expansion phase. If the top dashed line breaks, the Aggressive Expansion starts. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
6
MINAUSD: Two targets after the LH breakout.MINAUSD crossed over the LH trendline that was keeping it inside the Bear Cycle and broke yesterday through the 1D MA50 aggressively. The 1D MA100 (which rejected the price on August 15th) is the next target (TP1 = 0.41500). After that we will wait for the first 4H MA50 pullback to buy and target the R1 level and 1D MA200 in extension (TP2 = 0.49350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MINAUSDLong
by InvestingScope
3
ALT SEASON underway and this Support shows you WHY!Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind. The latest was on September 11 but stopped last week on the 1W MA50 (blue trend-line). A 1W candle close above it opens the way for a Lower Highs test, similar to January 09 2023, which when it broke it started the 2nd part of the rally. There is only one long-term Resistance left from the Bear Cycle and that is the 1W MA100 (green trend-line) that is intact since May 09 2022. This what the markets target should be, we estimate a potential contact at 650B, by the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:TOTAL2Long
by TradingShot
1
Bitcoin - BTC comparing Alligator cross-over 1.🔴 2.⚪️ 3.🔵 4.🟢Comparing Alligator cross-over... 1.🔴 2.⚪️ 3.🔵 4.🟢... ...dear BTC and Crypto Nation👀 Will call out loud for you when next 3.🔵 occurs🚨🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BNC:BLXLong
by Crypto4Everybody
1
AAVEUSD Strong rise but still not bullish long-term.Aave (AAVEUSD) is having a strong bullish sequence since the September 11 Low on Support Zone 1. Both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) are Supports now. However, it remains inside the 1.5 year long Triangle pattern and is approaching its top (Lower Highs trend-line). This suggests that the most optimal sell entry is approaching. The previous Lower High was priced right when the price hit the 0.618 Fibonacci retracement level. The one before a little below the 0.786 Fib. Now we are approaching the 0.5 Fib so the zone between that and the Lower Highs, is the most optimal sell entry. The 1D RSI is actually printing the peak pattern of that July Lower High. Sell and hold as long as 1D closes candles under the Lower Highs trend-line and target the 1D MA50 at 64.000. If a 1D candle closes above the 0.618 Fibonacci, buy and target 95.000 (a little below the 0.786 Fib and potential contact spot with the 1W MA100 (red trend-line) which is the long-term Cyclical Resistance). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AAVEUSD
by TradingShot
2