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Exponentialmovingaverages

NEOUSDT | Bullish Trend | Resistance Confluence | Low Volume Today's analysis – NEOUSDT - Currently trading in a healthy uptrend, retesting structural support. Points to consider: - Bullish trend- consecutive higher lows - Trend line support holding true - 55 EMA (visual guide) - Fibonacci and structural resistance confluence - Declining immediate volume - RSI below 50 NEOUSDT’s trend has been putting in consecutive higher lows, now trading between two important levels, structural support and structural resistance. The current trend line support is holding true, a higher low projection will be at play until the trend line has been breached. The 55 EMA will act as a visual guide; price trading above this indicator will support the bullish bias. However, the .618 Fibonacci retracement in conjunction with structural resistance has been serving as a strong resistance zone where price has had multiple failed attempts to breakthrough. Historically we have seen an influx of volume correlate with an expansion of volatility, thus, the current decline in volume is indicative of an influx being imminent. The RSI is currently just below 50, bias is still bearish in the immediate market. However it is attempting to cross back above 50, trading beyond this level will indicate increasing strength in the market. Overall, in my opinion, NEOUSDT is likely to continue its uptrend and consolidate within structural resistance and trend support as it reaches its apex where a break is expected. A long trade will be valid with a break and retest of structural support with volume follow-through to avoid fake-outs.
Long
by Kudiiee
DASHUSDT | Impending Breakout | Apex | Symmetrical Triangle Todays Analysis – DASHUSDT – Consolidating in a symmetrical triangle, nearing its apex where a breakout is probable. Points to consider: Multi-confluence resistance cluster Support and resistance converging (Apex) Declining volume RSI showing weakness DASHUSDT has been in a multi-week no trend scenario, trading within a contracting range where resistance is being held by the 200 EMA and .5 Fibonacci retracement. Volume has also been on a steady decline, indication of an influx being imminent, possibly coinciding with the breakout. RSI is also below 50 showing weakness in the market. Overall, in my opinion, a break in either direction is impending. The break needs to be backed with increasing volume to solidify legitimacy and avoid any fake outs.
Long
by Kudiiee
SNTBTC | Apex Zone | Healthy Trend | Low Volume Todays chart - SNTBTC – Respecting a healthy uptrend, impending the apex zone where a breakout is most probable. Points to consider: - Nearing its Apex - Volume Declining - RSI breaking 50 - 55 EMA (visual support) SNT BTC trading into trend resistance, historically leading to impulsive breakouts. Volume has clearly subsided, indicating an influx being imminent, this will coincide with the possible breakout. The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market. The 55 EMA will act as a visual guide; price trading above this indicator will support the bullish bias Overall, in my opinion, SNT needs to respect the local trend where a bullish breakout is expected validating technical targets above.
Long
by Kudiiee