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BEAM in a downward trendchannelHello traders, Here is a chart of BEAM-USDT on the 4 hour chart We see a huge move from 40% in BEAM. But we can clearly see that we have are a downward trend channel. A breakout above 1.4 USD with a lot of volume could push the price to the top of the downward trend channel. For a further healthy rise we need an RSI above 60 and good volume otherwise gravity will do its work. Currently there is resistance through the trend line at 1.4 USD and the moving averages as well at a higher level the top of the downward trendchannel. Everything will also depend of how Bitcoin develops because this is the leader of the Crypto currencies. Take care and If you short then clearly place a stop above the trendline. Targets are then the lower trend line at 1 USD.
BShort
by PegasusTechCharts
Is That A Dolphin!?!!? 🐬I had sometime to practice my drawing lol One of many catalyst to the deleveraging event still yet to come in crypto. "I personally feel that buyers are going to increase their exhaustion buying dumps. Things can happen too fast for the little guppies to nibble up all the Whale crumbs.. As things sink down toward the inevitable abyss." 🤷‍♂️ #Fixed What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a lot??? LOL -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" "KEEP CALM AND MANAGE THY RISK!"
KRAKEN:LTCUSDShort
by BradySWilliams
2
BFLY update.I had previously put this on a watchlist for going long. Now, I am actually thinking it's going to fall further. I thought at this point the wedge breakout would have occurred, and since buyers haven't moved in, I think it may be headed down further. I have seen similar setups where the wedge keeps getting tighter and tighter on the top, then finally no buyers are to be found and price plummets. I'm not saying this is going to happen.. but if market makers are trying to hide their intention to buy they are doing it strictly and collectively. I think I will steer clear of trading this, but I do enjoy a good case study, especially when it's not being done on me, so let's see what's in the cards.
NYSE:BFLY
by emehoke
1
Analysis on NZDUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL and also hit its TRENDLINE RESISTANCE. Breakout can be on the down side. WAIT FOR THE BREAKOUT. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Short
by Ryan_lopes