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Cardano about to drop?Cardano has just finished a shoulder head shoulder formation which means that Cardano is more than ready to do something very drastic. Cardano is in Sell right now and that is for a good reason. Cardano has a very weak support to help it raise. Cardano will go up to the resistance at 1.100 but then it will begin a bearish trend all the way down to 0.876 . Below Cardano are some remarkably interesting support levels but it seems to be out of reach for now. We have seen some drastic drops before to compare with, but Cardano will drop around 20% the next few days to some weeks.
Short
by Aksel_Rom
Bitcoin: Potential Wyckoff Distribution completedAlthough still continuing with an uptrend on the 4h chart, we now can see a clear Wyckoff Distrbution being completed for bitcoin which can be a signal for a significant upcoming drop. If this Wyckoff Distribution is confirmed with a drop within the next 24 hours, we can expect bitcoin price to go down and test support at ~39,000 mark. However, at this moment we are in no mans land for various reasons but specially because: 1. Wyckoff Distribution forming or complete, waiting for reaction 2. Potential golden cross between the 20 and 50 EMA forming in the upcoming hours. 3. Superbowl event is expected to have an effect as crypto commercials will take place which is a historical moment 4. Russia vs Ukraine geopolitical situation is one of the major factors to watch as any news regarding this can cancel all other signals. It is recommended for traders to refrain from any trades and observe a market trend shift.
by UnknownUnicorn35305092
Analysis GBPUSD (Overall down Side) Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 23.60% or to 50% once again retracement to reach to the target area at 27%. It also shows the retracement area around the Quarter point and making LH and LL's. It will possibly retrace up on the "mini resistance" (I have marked) before the way down. Beware of news: January 28, 2022 at 8:30am on EST TIME. All USD pairs Thank you for reading!
Short
by MonaySess
ETHEREUM (ETH) DOUBLE TOP (SCENARIO 2/2)THIS IS SCENARIO 2/2 If ethereum completes a double-top/M pattern, it will probably fall below the 2k range. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by xtekky
CYPTO.COM (CRO) GOING FOR (0.33) SUPPORT RETESTKUCOIN:CROUSDT looks like it has broke its upwards momentum and is now heading towards the 0.33 support. I expect the support to hold ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
by xtekky
2
Analysis GBPUSD (Overall down Side)Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 38% to the 50% retracement to reach to the target area. According to the RSI, there is a divergence which it let me know that it is retracing. It also shows the engulfing candle to the retracement area around the Quarter point and making LH and LL's. Beware: news is coming out for all the USD pairs. It is a red flag. starts 1/26/2022 2:00pm EST time. Thank you for reading!
Short
by MonaySess