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Shortterm

NEAR PERSONAL ANALYSIS IN THE SHORT TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for NEAR is bullish. The coin itself has a very healthy price action and structure which can signal any investor that this asset is indeed a buying opportunity for each and every oversold indications, however the price itself as of displayed in the previous days are presented with a triple top with a large chance of being rejected in the same region for a quadruple top which is a bearish sign. The Relative Strength Index also shows weakening in momentum to keep the price above the heavy resistance zone. Recommended Strategy: The better play here is to short the coin in this heavy resistance and buy it on the previous tested supports in the Fibonacci 0.5 and 0.382.
Short
by Wamses
GALA PERSONAL ANALYSIS IN THE SHORT TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the coin itself is neutral-bullish. The sentiment has carried the coin to new heights, however it was too fast and too high that it is already overdue for a retracement and will need to go back to 0.5 or 0.382 to establish long term confidence in buyer interest (support). As of the moment, the coin has no established supports therefore one should be cautious on performing a soft buy as if you did, you are actually buying the top which is not good. Recommended Strategy: Short in the appropriate resistance, do not short just yet nor long just yet. Coin itself is very hard to trade/scalp in its region at the moment.
Short
by Wamses
1
BTC |Technical Analysis| 1HR✅ BTC/USD ANALYSIS✅ Btc is currently in its consolidation phase after the most recent massive sell off. As you can see price has traveled quite far away from the 4H down trend line, price wants to retest this area at least one more time before continuing down. It has broken the 1hr timeframe downtrend and created higher high's. All that is left to confirm this entry is a break + retest of the 49.6 R level. As we monitor price around this area, if we see price create bullish price action then we will long it with a nice 1 : 2.5 R
COINBASE:BTCUSD
by EnlightenedFx