FWOG has dropped to a strong support level, where I’m also expecting a bounce. The downtrend breakout is confirmed; now it’s just a matter of waiting for a pullback to start building a long position.
There’s a reversal structure on the LTF, but I’m a bit concerned about BTC (plus, it’s the weekend), so let’s not take big risks. SKL is preparing for a breakout, and I’ll start building a position from the current levels (you can wait for the breakout and pullback, where I’m planning to add more). Stop-loss goes behind the order block, targeting the top and beyond. RR 1:4
A clean breakout of the trendline resistance, and we now have a confirmed CHoCH. At this point, we should wait for a pullback into the discount zone on the Fib. with a stop-loss set below the OB, it's safe to open a long position.
There’s a confirmed downtrend break, the lows have been swept, and a reversal structure is in place. Currently, we are seeing a retest of the previous resistance level + OB. This type of setup is always worth trying for a long position.
After repeatedly testing and confirming the bottom, WIF broke through the diagonal resistance and formed a reversal structure (CHoCH). It has since returned to the same support zone for a R/S flip. This presents an excellent entry point for a long position.
PIXEL has dipped lower to sweep the low and garb the liquidity, and from a strong support level, the trend reversed to an upward movement by breaking through the trendline resistance. Now, we just need to wait for a pullback into the discount zone, where we can place several limit orders in anticipation of a stronger upward move.
PIXEL has dipped lower to sweep the low and garb the liquidity, and from a strong support level, the trend reversed to an upward movement by breaking through the trendline resistance. Now, we just need to wait for a pullback into the discount zone, where we can place several limit orders in anticipation of a stronger upward move.
SLP has dipped lower to sweep the low and garb the liquidity, and from a strong support level, the trend reversed to an upward movement by breaking through the trendline resistance. Now, we just need to wait for a pullback into the discount zone, where we can place several limit orders in anticipation of a stronger upward move.
ARB has dipped lower to sweep the low and garb the liquidity, and from a strong support level, the trend reversed to an upward movement by breaking through the trendline resistance. Now, we just need to wait for a pullback into the discount zone, where we can place several limit orders in anticipation of a stronger upward move.
AEVO has dipped lower to sweep the low and garb the liquidity, and from a strong support level, the trend reversed to an upward movement by breaking through the trendline resistance. Now, we just need to wait for a pullback into the discount zone, where we can place several limit orders in anticipation of a stronger upward move.
During yesterday's Bitcoin drop, AR fell into a strong support zone, from which we saw a solid bounce and a subsequent breakout of the downtrend, following the formation of a reversal structure (CHoCH). Right now, I'd like to see a correction back to that same zone below $18, where I plan to build a long position with a target at the previous high (or even...
Enjin Coin is making its first attempt to break the diagonal resistance after a 6-month correction. A breakout from the downtrend could signal the start of a new rally. Futures positions at these levels are quite risky, but all pullbacks should be considered opportunities for spot purchases and averaging positions.
The crypto community is buzzing with surprise as the S&P500 and Gold continue hitting new all-time highs, despite current economic conditions, while Bitcoin has been stuck in a downtrend for over 6 months. After digging into this, I noticed an interesting pattern. In the last cycle, something similar happened. Starting in early 2019, the S&P500, Gold, and...
On the daily timeframe, we are moving upward following the Bull Cross on the MACD, while on the weekly timeframe, a potential breakout is forming on the RSI. Of course, it’s essential to wait for confirmation in the form of a weekly candle close, and tomorrow’s events could play a significant role in this. On September 18, the U.S. Federal Reserve meeting is...
ADA - potential head & shoulders or three mountains/triple top forming. Big liq. pools at $0.28 so that's the target now.
It looks like MATIC formed a head-and-shoulders on its 4-hour chart! A sustained candlestick close below the pattern's neckline at $0.79 could trigger a 16% correction toward $0.67. Invalidation of the bearish outlook comes with an upswing above the right shoulder at $0.86.
Given that in recent months Solana has been the leader and alpha of the local altseason, this scenario could impact all altcoins. On the 4h timeframe, a "Head and Shoulders" pattern has formed, and at $38, there is a significant liquidity pool (note that from the current level up to $40, there is essentially open space). Late longs are punished the most, so be...
Last week was nice, and yesterday we witnessed the highest weekly candle close of the year. This week will also mark the monthly close, which is expected to show significant growth. Since the beginning of the year, Bitcoin has been moving within an ascending channel, forming new HH's and HL's. The correction from $30k was highly predictable, and I have been...