COIN broke a 5month swing low. COIN is strongly correlated with BTC and by consequence the entire cryptomarket. COIN starts downward trending when VIX values increase. Currently VIX is printing his lowest values of the year. Everything is setup for strong downward move in coming weeks.
EGLD trading below 200d range. Resulting in bearish prospects until trading back above the support zone. This leads targetting 1,6 extention of that range. Aligns with untested monthly close of Sep20. Forecasted potential scenario's. 38,5 would be an excellent entry.
Potential distribution Pattern on BTC Would be interesting development in relation to alts.
Alpha flipped a S/R zone and is now consolidating below the resistance level. as long as its not trading again above this level the outlook is bearish.
Back to long term trend. Critical support zones are mapped out. Below red trendline would see this (currently) as buy opportunity. Through the history of the stock this would have been successful.
Imense run-up over the last couple of months. These moves see typically a full or close to full retracement. Tartgetting green box, the 1.6 extention of the current distribution range. While I wouldn't expect the price to trade sustained above the red line. Eventhough when price is above red, I would still expect that the price at the green box is visited later...
When Coin breaks down, so will BTC Close correlation between COIN and BTC. Earnings reporting on 3Nov
LDO short setup on triggers : - breaching the upward trendline. - rejecting at top of range and rolling over
GME consolidation pattern. expecting to break downwards. first trigger rolling over at 36usd. second trigger losing the red upward support line.
Back to long term trend. Critical support zones are mapped out.
Commodities short vs DXY vs VIX long stetup for the short commodities etf
Waiting to observe weakness on the range boundaries. leaning more bearisch currently due: - to price-action of last few days. - below trendline with origination of 12May
targetting long term trendline 50% of entire price action; -30% from current price;
Jasmy is at a crtical support level. currently still trading in the range. Given the structure im leaning more to a downward move.
short setup after broken trendline potential to backtest trendline first before more down. if current support of 16,6 is breached in combo with price acceptance below this level the odds of downward trend are building.
ADA short set-up after confirmation: when price remains starts to form a range under 0,445 (red box) its triggering a short set-up.
LTC short setup after bounce and rejection Downtrend looks stalling for now. Potential entry after rejection of 62level of current range from low. sustained tradingtime below 50 will likely result in downtrend continuation.
Adding to shorts on trigger if upward sloping channel is breached and retested. 1inch managed to keep trading in this uwpward sloping channel for aprox 12days. if it breaks out i assign a high probability that we go back to the lows;