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RLinda ! BTCUSDT-> What to expect prices in the heavy zone? BTCUSD what do we see? The price is actually sandwiched between the strong trend resistance from November 21 and the strong support level of the uptrend channel from June 18, 2021. The price on the upward momentum tests the downward resistance and falls to the support where it goes into a consolidation phase. Next I will break down two situations: Long and Short Long set-up (a pullback from support). It is worth considering such a development while the price is inside the ascending channel. On September 7, we see a false break of the uptrend channel support and the price moves into consolidation after a technical pullback to the support. The technique here is simple: buy from the support during the up trend, but on the condition that the price goes up from the local resistance 20500 and consolidates above it. In that case there will be a potential for the price growth to the zone of 21900 Short Setup. It is a breakout play of the price channel. In yesterday's "Trading View" tutorial, I told you how to break a channel. Since we see a retest of the support of the ascending channel and a consolidation instead of a pullback, chances are we are seeing a pre-break consolidation. It is acceptable to open the short positions if the price comes down from the area of 19850, or on the pullback, the potential target in that case will be the support of 17630. Regards R. Linda!
Long
by RLinda
32
RLinda ! SANDUSDT-> When should we expect a support breakdown? SANDUSDT - Very weak coin on the background of the whole cryptocurrency market. We continue to see the price drop after SAND went below 1,000. The global chart clearly shows the weakness of the coin, the price is not able to renew price highs on pullbacks with volatility ranging from 40% to 80%. In total, the market is down almost 90% at the moment and we see consolidation near the 0.8700 zone, which suggests a further drop after the breakdown of the level. I suppose that after the consolidation the fall can continue, I expect that the price can form a pullback to the resistance of the price channel or break the level at once, but in any case you should expect the retest after the breakdown for the price to consolidate under the level. The short-term target is the support at 0.7877, the medium-term target is the liquidity zone at 0.7329. Regards to R. Linda!
Short
by RLinda
9
TERRA LUNA CLASSIC LUNC IF MERGE GOES WELL THEN TARGET IS $.0025LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash of the whole crypto market will happen, not just Luna. I don't think that is the case and I believe this correction was just a little breather to refuel for the next run to $.002, and the ETH merge will go just fine. As I mentioned before I really do believe that all the projects and companies that went to Luna 2.0 will move back to Luna classic, its already happening. Then once Do Kwon (Con) is prosecuted and jailed his Luna 2.0 will rot in prison with him. No one wants to do business with a thief, so all those projects running on Luna 2 will move to Luna Classic in support of the community. The burns will really take off then I believe. This is just my speculation on how things will play out. I called the massive drop in Luna when it was at $70 dollars before its all time high, I also called the previous local top around .0006 in a previous chart as well Ill link my charts below. This is not financial advice this is just my opinion. If you like this idea then leave me a like and comment below with your thoughts. Thank you ON THIS ONE I WAS OFF ON THE TOP, BECAUSE OF THE BLOW OFF HYPE TRAIN THAT WAS CREATED, BUT THE CORRECTION I WAS SURE OF
Long
by Bitgolder
2
RLinda ! BTCUSDT-> Global TA. What's on the chart?BTCUSDT. Why I think that in the global perspective bitcoin has no energy for growth (I am guided by technical analysis without fundamentals and "pump" theory): We have a global downtrend channel that started with the peak of the "H&S" pattern from November 2021. Price has tested the resistance three times without the possibility of a breakout. There is strong resistance from the daily timeframe through the channel. Resistance is formed from the left shoulder of the "H&S" pattern and was tested in March 2022. Thus, we see a strong zone of resistance, which is above the channel resistance. Locally: price is trading in the 24100-18500 range, from the support we see a strong impulse rise, on the lower timeframe it looks like a distribution and price is expending energy for a possible breakdown of the resistance zone. I think that the distribution might end up near the resistance area of the global channel and I expect a downside rather than upside and think that the bitcoin might be trading inside the range for some time yet. The short term target is support at 18500. Regards R. Linda!
Short
by RLinda
28
RLinda ! FLMUSDT-> Breaking the resistance line. What's next?FLMUSDT The main trend on the chart is downward. For a long time the coin is moving behind the cryptocurrency market - going down. According to the price highs we can determine the formation of the resistance trend line and we can see how today the price breaks the downward line upwards and the price impulsively tests the resistance at 0.1210. The price tested the resistance many times before, but after shallow false breakdowns we see the continuation of the fall without the possibility of updating the price highs - the buyers did not have the strength. At this point we see a positive reaction and are able to identify the potential for further targets. I assume that the breakdown can be a true one, and on the retest the price can break through the resistance at 0.1210 and continue its growth against the trend. The short-term target is the resistance at 0.1483, and the medium-term target is 0.1866 Regards to R. Linda!
Long
by RLinda
11
RLinda ! XRPUSDT-> Trend change. Price is testing resistance XRPUSDT. On the chart, we see the change of the uptrend to bearish and a good opportunity to enter the market, as the price is trading near the resistance zone. On the chart, we can see that from the support 0.2935, the price forms an upward price channel, but could not get above the level of 0.3875, the price made only a false resistance breakout and started to change the trend. We can see a change in the trend, formation of the range boundaries, thus we can identify the boundaries of the downward price channel. The price rolls back to the resistance area and consolidates under the trend line after the false breakout I assume that after testing the resistance zone we may see the price fall along the trend line. The short-term target is the support and liquidity zone 0.2935 Regards R. Linda!
Short
by RLinda
10
RLinda ! BTCUSDT-> Big sales, support test. What's next? BTCUSDT breaks the 19830 limit zone and forms a strong bearish momentum within the bearish price channel and thus tests the 18626 support level and channel support. We see price making a false breakout and starting to form a pullback Since we have a strong bearish trend, I think that the momentum might not be over and if the price stops and goes back to retest 18626 support, breaks through the support and consolidates under it, there is a chance that it will continue going down to 17622. But we have a false-break of the price channel, and the price reacted strongly to that support trendline, so chances are high for the price to retrace to the resistance at 19830. I assume that the fall will continue, but we have to wait to see what the price will show. If the price starts to test 18626, then we look for an entry point near this level. If the price continues to form a pullback, then we look for resistance 19830. Regards R. Linda!
Short
by RLinda
26
RLinda ! HBARUSDT-> Breaking resistance of the downward wedgeHBARUSDT is trading in a bearish trend, but on the local chart we see the formation of a bullish set-up "descending wedge". On the chart we see a breakdown of the descending wedge resistance and testing of resistance 0.0632, I expect that on the retest of this level its breakdown with the subsequent activation of orders and a strong surge in volumes is possible. I assume if the price can consolidate above the previously broken resistance of the descending wedge, then there are all chances to see a good growth against the local trend. The potential of the pattern is quite high. The short-term target is resistance at 0.0674. Regards to R. Linda!
Long
by RLinda
16
RLinda ! BNBUSDT-> Price is pushing up against limit support BNBUSDT is in the stage of formation of Head & Shoulders pattern. We are watching the upward price channel break after the price tested resistance 336.4. On the chart I have marked the key patterns: upward channel, head and shoulders pattern and an attempted trend change. The global movement is a bearish trend. There are chances that the price is going to continue this move. I assume, as there is a strong limit support of 274.8 formed on the chart, the price has been forming a pre-breakdown consolidation near the level for a long time, there is every chance of a breakout. At the moment, the leading cryptocurrency coins are in the red zone and can pull BNBUSDT. The short-term target is support at 241.9 and the medium-term target is the liquidity zone at 217.8 Regards to R. Linda!
Short
by RLinda
16
RLinda ! ETHUSDT-> H&S and breaking the Uptrend. What's next?ETHUSDT Breaking it down: The global trend is still bearish and there is not yet a strong price reaction to change it, recently we saw a bullish movement, which many considered as a trend break. After the price tests the trend line from November 2021, the price reacts and forms a strong downtrend impulse and on the pullback it consolidates under the trend support, and here we see the formation of the H&S pattern. A new downtrend channel started to form on the chart (even two, local and global. The resistance of the global one is the trend line. The price reaches the right shoulder of the pattern and breaks the support, but a technical pullback is formed and the price is still in the shoulder area, but under the strong resistance (after the false breakdown) at 1597.5. I assume that if this pattern does not break and the price holds the position under the resistance of 1957.5, then there are all chances for the continuation of the movement to the support of the 915 range. There are also important liquidity zones below, which the price can strive for. The short-term target is the support of 1361, the medium-term target is the liquidity zone 915. Sincerely R. Linda!
Short
by RLinda
19
RLinda ! BTCUSDT-> Stalemate. Downward wedge and dovntrendBTCUSDT The price shows us an interesting situation and thereby trying to confuse. On the chart, the price after the activation of the bearish set "Rising wedge" forms a downward price channel and two strong downward impulses, within which the fall was about 18%. But if you look closer you can see a downward wedge within the descending price channel, the price breaks through the wedge resistance, but there is no strong reaction of the price, the price forms a pullback after the breakdown and falls, breaking the support 19830, in fact the price is in the critical zone We should also pay attention to the trend lines MA 50 and MA 200, the price made a false-break and went below them, and started to descend. On the chart I marked two potential scenarios, to enter the market it is necessary to wait for the price to show the development of a specific situation, I still believe that the bears have more potential and they can sell the market down, closer to the liquidity zone 17622. Regards R. Linda!
Short
by RLinda
23
RLinda ! ETHUSDT -> Breakdown of correction supportETHUSDT. On the chart there is an interesting situation in the resistance zone of the global descending channel. As we can see, then from the support, around the beginning of June, the formation of an upward corrective movement began, which reached the channel resistance. The price tests the zone and at some point breaks the support of the local uptrend channel. Consolidation in the short zone is formed. The chart clearly shows how the price on low volatility consolidates under the support. Here the short potential begins to form, as there is no update of the local tops and the market now preconditions are more to the fact that the fall will continue. I assume that in the midterm we can expect a fall in the price, the nearest target is the support of 1355, the next one is the support of 915, Regards R.Linda!
Short
by RLinda
21