Based on the chart for XRP/USD, we had a bullish break of trendline and will be anticipating some type of corrective move or retracement before price continues to move up in price. Will be monitoring XRP/USD and other cryptos in the near future to look for a possible execution point in the market
Ethereum has been on a bull run for the previous weeks. Last week price was bouncing back and forth in a Ascending wedge formation. Price is trading into a previous resistance level that is marked on the chart. Looking for price to break through the resistance level and get a retest so the bull run may continue. If price decides to reject the resistance level...
After we had some sell pressure come into the market near the $3000 price point. We identify a possible Head and shoulders pattern that may be looming. If price returns to the blue area to line up with the "left Shoulder" then we will be looking for any sort of bearish price action confirmation. In this case, first target would be aimed towards the neckline...
Ethereum has been on a downtrend for the higher-timeframe. Price had broke the bearish trendline to the upside before selling at the ending of previous week. We are anticipating a retest of the trendline to continue bullish (Buy-side scenario). If price breaks support then we can see more sell pressure (Sell-side Scenario). Read and React!
We posted our trade idea for Ethereum on 2/20/22 and here is the update. Price did broke the support zone for the short bias when the News regarding Russia vs Ukraine and retested the trendline that we marked up earlier in the week before going bullish. If you were following the trade idea that was sent earlier this week. Please leave some feedback if you were...
Price is approaching yearly highs AKA as a Liquidity Level. There is divergence going into the Liquidity Level so predicting price to immediately reverse and go short (short term) once it hits the Liquidity level OR Break and retest yearly highs to continue long. Wait for your price action and confluences. This is simply my analysis and not financial advice