In this analysis I want to shed some light on the fact that the weekly RSI on Bitcoin has reached the highest value in over 2.5 years. The last time that we weekly RSI reached above 70 was during the height of the bull-market, back in April 2021. Historically, Bitcoin's weekly RSI has very often been above 70, just scroll back the chart. However, the timing is...
In my most recent ETH analysis I took a look at the long-term rising wedge pattern that has been playing out on the ETH chart since early 2017. I noted that the break out occurred, and could potentially lead to more selling. However, now that I switched to a bullish view of the market (because of the BTC break out), I think it's likely that ETH will go up as...
Chart currently shows Bearish Signal as per the following reasons: Indicators: 1. Slight Dark Cloud cover indicated 2. Two Black crows, today's trading will indicate if three black crows are confirmed. 3. Slight Bearish divergence Patterns: 1. Bearish rising wedge on graph - indicates a potential bearish signal Bullish After Cup and Handle Formation ...
In my most recent BTC analysis I talked about the fact that BTC managed to break out through the main bear market resistance, which made me switch bullish with a target of 40.000, which has played out well! For the time being, BTC has a bit of trouble getting through the top resistance of the rising wedge pattern. Personally, I'm anticipating a break out soon,...
APE has been one of the weakest big tokens of this year, falling over 60% from the January 1st value. However, there's some light at the end of this dark tunnel. A falling wedge pattern has emerged on the weekly chart, as well as the fact that the weekly RSI has hit oversold levels for the first time in the (Binance) history of this token. This trade is risky,...
After an initial strong start of 2023, MATIC has generally been selling off all year. Helped by Bitcoin's strength, MATIC has managed to break through the main bearish resistance that was holding back this token. In my eyes, this can be the start of a new bullish trend for altcoins. Looking at 1.5$ target over the next few months.
M15, M30, H1 and H4 are overbought There is a previous days high and a long consolidation There are multiple tops on this trade and there is a lot of divergence Pattern on H4 which normally means this trade should fall.
M15, M30, and H1 are overbought, and there is a pattern for M15 to sell. This trade is with the H4 and Daily trend so it should go all the way to the bottom. There are many signs to sell this trade, and there is very good resistance at this level, stop loss above 100 should be good.
LRC has been losing value steadily after the initial 2023 pump. As of recently, LRC has fallen through the neckline of the head & shoulders pattern, completing this bearish pattern. In my eyes, this token will see more selling in the coming months. I'm looking at 0.10 for a potential long-term bottom, might even go lower than that.
At the start of the month I was looking for a short entry on ARB, which has been playing out great thus far. However, with ARB losing value rapidly, I'm starting to look for long opportunities. ARB is trading in a very well-defined bearish channel (or wedge). My strategy is to wait for the price to touch the bottom support. Ideally, the daily RSI will be below...
M15 and M30 are overbought with multiple tops and divergence and there is a M15 pattern, this trade is with the trend so it should be able to fall to the bottom where it will get supported.
This trade is with the trend, and there is a pattern on M15 and M30, there is a double top on M15 and M30 with divergence, this trade has a tight stop loss but a very high target that is expected to reach.
XAUUSD Short time bullish trend. it could be drop from faky zone and continue for trend on the other hand it will be break all zone in 2 candle with side way and make new trend.
In this analysis I want to shed some light on a long-term (and often overlooked) trading pattern for Bitcoin. The indicator in question is the monthly RSI. As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern. Long-term investors and whales are using this pattern to time their entries and exits...
This trade has a pattern on M15 and is with the trend, there is a lot of resistance for this short and the stop loss should be above 60.5. There are multiple tops on M15 and M30 with divergence.
The Triumph of the Triangle: Triangles are classic chart patterns often characterized by converging trendlines. Solana is currently shaping an immense triangle formation on its chart. A Bullish Perspective: Triangles are typically continuation patterns, meaning they suggest the resumption of an existing trend, which, in this case, is bullish. The pattern...
We can see here is some correction over the share price may be it's making head and shoulder pattern on Syrma SGS CMP - 622 First think then observe then invest
This trade has multiple patterns on M15, and it is with the trend. All timeframes are overbought and have divergence, this trade should be able to fall to the bottom and maybe even more as it is hitting the H4 moving average and has the strength to fall especially with the news regarding Isreal as of now.