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Today, sellers throw FTM coin below 2022 low; what next?Fantom coin price has breached 2022 year's lowest level of $1.296; traders should wait for daily price closing. FTM coin's price is observing near the neckline of double top formation over the daily price chart. Fantom Coin price action is currently showing low-high formation. Thus the Fantom Coin is well below the red zone of the Ichimoku indicator on the daily price graph. Moreover, Leading Span A is trading at $1.68, and Leading Span B is at $2.15. Stoch RSI has declined sharply from the overbought zone and is now moving into the highly oversold zone. Moreover, the Average Directional Index is slightly bullish at the 21.6-mark, which indicates bearish momentum. Phantom investors await today's price close; if the coin's price closes the $1.24-mark, it could slip widely; On the other hand, if the coin price corrects today and the daily price closes in the green zone, we can expect a slight recovery. Resistance level- $2.0 and $3.30 Support level- $1.24 and $1.0
Short
by TheCoinRepublic
1
BNB – realistic and insane targets!Hello, guys! Let’s take a look at Binance Coin. It is looking good! Today we gonna answer the question, which target can BNB price reach? The price now is testing the daily Supply Zone and 1 Fib extension level for the last impulse. If the daily candle will close above the Supply Zone the road to the next targets will be unlocked. 1.61 Fib ($740) is the next realistic target for the current bull run. I am going to fix 75% of position at this price. Other 25% I am goin to hold for the insane target – 2.61 Fib level ($1000!). I don’t think that there is a high probability that $1000 is going to be reach, but I am not risking too much for this funny trade. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
10
#BTCUSD Extensive Analysis, Next Demand Zone!Welcome to this extensive Analysis on bitcoin 3 days Chart. BTC is currently trading around 33k level at the time of writing this update. The weekly level still maintains the 50D WEMA which is a good sign for the Bulls. While everyone wants an answer whether BTC is going to 28k or 43k I would like to share with you something very important that we need to keep an eye on, Every time BTC starts a new rally we see a very sharp sweep to the downside to kick out all the weak hands. We haven't seen that since we broke the 52k level. I believe that last sweep is still due. This could be anywhere between 23k to 28k level. I would buy a good chunk of BTC at those levels. I just want you to realise the current trend is too bearish! Lack of volume, Breaking Support levels. No fundamental catalysts. Nothing but a series of FUD being posted everyday. Unless BTC breaks above the 42k level with good volume and a weekly close we can expect more consolidation in the coming weeks. We haven't seen much confirmations from the various important indicators too. Though MACD looks bullish in this chart but it could just divert in the very next candle close. You can't just rely on one pattern or indicator for confirmations. Remember, only a weekly break and close above the 42k level confirms a new uptrend. Till then it's better to do small trades. Scalping is recommended if you know the basics of TA. Do you agree with my analysis? What's your thought on this? If you like the information I shared here do hit the like button and share your views in the comment section. Thank you Stay safe #PEACE
BITFINEX:BTCUSD
by Cryptorphic
17
Per Request: $MCO, Is This Legit? Bulish Bias 2 : Bearish Bias 1MCO was named as Monaco, right now it is already changed to crypto.com. MCO was quite hyped looking really great because of the expectation within VISA partnership or the same business model but with crypto. Great thing is that the apps are already released both for Android and iOS. I bet the bottom is in, as like many others. If Bitcoin go lower then probably crypto is doomed to another level, which is Insya Allah, probably would not. I use three indicators for to judge this chart, which it's quite 2:1 ratio bull towards bear. Even 2:1, it actually 2.5:0.5 because of the bearish bias still have such room to grow. So, ya bullish at the moment, looking forward for bounce. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
MLong
by blockchaindedi
6