The price try to retest a downward trade line (MT). As a resistance, we have a red line (6850) and a red block. If the price can break through downward blue line and retest it from upward, we can expect the growth of the price. If the price can't break out - it will be a bearish signal to sell. So, summing up, resistances: red line (6850), trend line (MT), red...
symmetrical triangle. Volume decreasing. EMA50 will act as resistance with the upper trendline of the triangle. For now set up alerts & wait, breaking above or below are both potential situations and BTC will have a big influence in this action. Important levels in the chart
This beautiful mathematical pattern forms in the wake of a downtrend, as ascending triangle patterns often do. The reaction breakout of the pattern would bring us right up to the 200-day moving average; gorgeous math! TA and stop losses are how I never lose more than 1-2% on a position before leverage. Always trade at your own risk. Never risk more than you can...
I've been keeping a keen eye on EOS. On a fundamental side the blockchain project has raised so much money it is really leading the pack in innovation. On the technical side, EOS has entered the cloud and it is likely it will exit out the top. Nothing is for sure, and this market has been surprising everyone lately, but I have entered into a position. I set my...
Still bouncing in this range without a breakout above 7500sats (my trigger). Price above Ichi cloud & EMA50. Volume is not showing up yet, but if the alts keeps pumping, will happen. Keep the alert where we have it and ⏰. I have put my targets if breakout occurs
Another test of possible supply based on daily chart and its still bearish. Where is the catch and why bears should be more agrressive here ? It is third test of the supply and previous rejection was not strong and we may see break higher soon. Two consecutive daily close above 76000 will confirm the break. So im staying short ( small ) but ready to flip to the...
Xrp to me is looking a bit heavy- (Daily chart) Rsi not healthy OBV "M"ing out Volume dropping off (Bulls and bears falling a sleep) W%R over bought I think we will have a bounce off the .382 fib to create a M top. From here ill be looking for a short position. There is a double distribution going on in VPVR the line up with my reload zones. Also there is a...
Doesn't have to happen. Thread updates from link in comments section. GL This isn't investment advice. Trading near a bottom can and will rekt you. oh, if btc pumps don't expect a retrace.
EOS dove off a cliff a couple days ago, falling from the support that had held for a little over 2 months around the 0.0008 area, dropping to roughly 0.0005 It appears some historic support here is acting as a spot for EOS to bounce, referencing out the support from December 2017, this would be the red line on the chart. Checking out the 0.00066 area was support...
Let's keep it simple. Updates will be posted here.
After the long beat up there, I think there is room for a move higher, EOS must breath a bit after such prolonged downtrend...
EOS recently broke a trend line ans has been in free fall. Looking at the 3-day here, support around 67k sats was broken. I would look to the 54k sat range as a potential area for a bounce, but things do not look great for EOS here. After this recent drop there has been a lot of over-bearishness for good reason, as EOS will liekly see another -10% to -20% drop...
DESCENDING TRIANGLE LONG 0.0006700 - 0.0006650 AREA TRIANGULO DESCENDENTE LARGO 0.0006700 - 0.0006650 AREA
There's nice liquidity (stops resting) above that high I took the fib from, and a daily level that sent us to the recent lows that we haven't retested yet. This feels like a good setup to trap shorters and take their stops before dumping further on a bigger scale.
As it stands, "Ethereum Killer" has seen better days. This recent dump has broken some previous lows, we got a nice retrace back to fill up the empty spaces and retest the 4H pivot level as resistance, and it seems to me it's going to try to take those lows for now, or maybe reach for even lower lows. Trade wisely.
Looks like we made an SFP and are now sitting inside the optimal fib retracement a bit lower than I would've liked but this seems like a good pivot support + 1H breaker confluence. For better odds in this trade, wait for a break in the market structure on lower timeframe and enter on retrace. Around 3.8 R/R as it stands now, not bad. - Bullish breaker - an...