Get started

Resistsance

BTCUSD → Expected correction within consolidation BITSTAMP:BTCUSD forms a false breakdown of the key resistance after which the format of the movement passes into the correction phase. The price is consolidating between 0.236 and 0.382 fibo Paying attention to the chart we see the continuation of the ascending price channel formation. The price indicates a rather high interest on the part of buyers, as the price after long consolidations continues to strengthen and does not give deep corrections. A correction is forming within the new movement, which may reach 0.382 fibo in the near future. The rebound within the bullish trend can follow both from this level and from the level below - 28474. The trend at the moment is bullish, although recently the price has not reacted much on the hype around BTC-ETF, but the potential is still on the side of buyers. The hash rate continues to grow, glassnode in its reports claims that the price is coming out of the capitulation mode, SEC accepts applications of funds for spot BTC-ETFs for consideration - these nuances give some bullish prerequisites. Support levels: 0.382, 28474, 0.618. Resistance levels: 0.236, 30575 I expect the correction to continue, I don't think this movement will last long. Another retest of the nearest strong resistance will provoke a new impulse. In the medium term I expect a retest of 30575 and growth to 34000. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
7
ETHUSD → Global ascending triangle. Retest 2020BINANCE:ETHUSDT is forming an interesting situation. For more than a year the price has been trading under the strong resistance of 2020. After a while we begin to realize that this level is the upper boundary of the ascending triangle. This pattern can be interpreted as consolidation of potential by dynamic buyers with the purpose of possible overcoming the resistance and reaching new tops. A symmetrical triangle has been forming for several months as well. The price is in consolidation and on the background of bitcoin correction the price may form a decline to the support of the pattern. MA-200 clearly outlines the ascending support of the bullish triangle, which only strengthens the essence of this formation. In the medium term, the price may either make a false breakdown of the local support line or decline and retest the MA-200 and trend support. The further target is growth with the aim of breaking through 2020 and strengthening to 2450. Support levels: 1875, 1830, 1800 Resistance levels: 1938, 2000, 2020 I expect the correction to continue to the nearest support levels from which a reversal and resistance retest may follow. Regards R. Linda!
Long
by RLinda
5
MATICUSDT → Breakout figure and an attempt to change the trend BINANCE:MATICUSDT breaks through the resistance of the key figure and opens a new bullish potential. If the nearest resistance is broken through, the price can form a strong momentum. Earlier we saw an attempt of strengthening, which smoothly changed from an ascending price channel to a bearish wedge. The latter figure is quite capable of breaking the trend and changing it, for this in our case, the price needs to pass through the resistance of 0.7440. Recently cryptocurrencies, both bitcoins and altcoins, start to recover, and there are even some fundamental reasons for that. The moving averages act as resistance, but at the moment the MA-50 is being tested and in case of a breakout the 31% range will open, which is quite an interesting prospect for us. Support levels: 0.6500 Resistance levels: MA-50, 0.7440 I expect consolidation near resistance, followed by a breakout and bullish momentum. The medium-term target is 0.9700. Regards, R. Linda!
MLong
by RLinda
12