It's time for a few days fo correction. Price levels, Trendlines, Momentum and Volume suggest that bias.
A look into monthly chart confirms that we are way far from a bull run. It is also pretty evident based on volumes and candle rejections that we didn't see yet any meaningful signs of capitulation. There more downside ahead. Perhaps a strong support at the next technical level wich also coincides with marginal cost of production less hardware costs price zone....
Price heading towards resistance. Expected to be bounce to outlined support. Overall looks like a trading range is in the cooking.
Price hit resistances zones. Market looks weak. Down we go.
Let's highlight some heuristics on the chart. It looks like we have more downside to explore.
Cardano (ADABTC) - Looking for green zone for an entry. If momentum developers into opposing direction, perhaps, an entry sooner. As of now... patience.
ETCBTC Weekly is starting to look good but Daily is telling we are not yet ready for optimum entry. It is likely to see the trend developing a bit lower to the HL and TL support zone for better levels and potential divergences.
SPX is looking tremendously bearish. Price heading towards Monthly price and rsi support lines for a possible bounce. If that bounce doesn't happen. I promise to light up a candle in name to all perma stock bulls.
Bitcoin has broken the compressing triangle near the apex and now broke the closest support line based on triangle lows. Oscillators also show broken structures. If short placed before breakout good. Stick to it - It is not yet time to exit since nothing suggests otherwise. But adjust the stop loss to decent level in case of surprising reversal (wouldn't be...
NEO seems that is back in the Matrix. Volume increase on rejection. Clear Bullish divergences showing up. Once Price above the Hull MA (34) seems good chance to go long.
OK Ethereum Classic is one of those shitcoins looking in great position for possible long position. Would wait for one or two candles closing above the Hull MA (34) . RSI 5 and 13 showing divergence. Yes i know recent close is not exactly same level or lower but the geometry of RSI is too steep to not consider these. Volume increase on rejection also show...
We all know USD is another shitcoin like XRP and eventually will go to 0. How about to comparing Honey Badger to Gold?
Quick update with signals produce by RSI Delta on Renko chart. Lookin neutral leaning bearish.