Hello speculators! Avax has pulled back to an important support that has absorbed the last wave of selling, giving us an excellent stop point for a long position. I see Avax as an excellent risk-return ratio for starting a long-term position in the bitcoin pair. Reasons for opening a trade. 1 - Beartrap in the support zone 2 - Double bottom formation with...
Hello investors, I would like to share my perspective on Bitcoin for the next few days and explain why I am betting on a drop. Bitcoin recently made 2 bulltraps at the important $100,000 level and it seems to be forming a head and shoulders pattern on a daily basis. I believe that this movement has the possibility of correcting to around $70,000 due to the...
Binance coin is trying to break out of a giant triangle on the weekly chart. We may be about to see a big price rally that will possibly give us many profit opportunities. I'm keeping an eye on the next steps of this coin, which according to graphical analysis, has the potential to increase in value by up to 500%. For more analysis like this, follow me on Tradingview.
Ethereum showed a good show of strength from the bulls as the asset broke and returned to an important support level at $3,540, characterizing an important beartrap. I am opening a long position with a target at the next important resistance at $3,991 and stop just bellow the last botton in $3488. Reasons to buy: 1 - Beartrap at an important support level. 2 -...
The Avax coin is showing several bullish signs and could provide a great buying opportunity in the coming days. I usually avoid buying when continuation patterns break out, however, in this case, the asset is forming an ascending triangle just below the resistance line. This type of accumulation serves as a great support point for protecting a possible stop....
The TIA coin has just broken an important milestone and could give us an excellent buying position if it pulls back to support, which could be an excellent stop bridge and a very favorable risk/return ratio. For more analyses like this, follow me. Never forget to manage your risk and not expose yourself too much to the market.
The Sol coin is in a clear uptrend. At the moment it seems to be creating a bullish continuation pattern in the form of a triangle whose projection points straight to the historical high. I suggest opening a position if the coin manages to leave the accumulation zone and there is a good risk-return ratio with a target at the historical high. For more analyses...
The SLERF coin is forming a reversal Harami over an important support on the daily chart, which should be confirmed when the chart closes later. I am opening a buy position, because the risk-reward ratio is very favorable. Reasons for buying: 1 - Reversal over important support. 2 - Excellent risk-reward ratio.
Ethereum is beginning a correction of the upward movement that should probably lead to an ideal buying zone in green that is above an important support zone and within important Fibonacci zones. I intend to start a buying operation in this range if I see a reversal formation of candles on the daily or if I notice a downward movement of the movement.
Binance coin closed the weekly chart with a candle formation that indicates a very important beartrap, giving an excellent buy indication with a target at the next important resistance level. Buy recommendation Reasons: 1 - Formation of a penetrating doji indicating a beartrap in an important long-term support zone. 2 - Excellent risk-return ratio with target at...
Bitcoin seems to have started a correction process. I indicate on the chart the most likely zone for the end of this correction, as it coincides with a very important support zone and with the 0.5 and 0.618 Fibbonatty levels. I recommend buying in case of a candlestick reversal formation in this zone and especially and I would be attentive in case there is a...
Due to the positive context of the cryptocurrency market and the fact that Ethereum, the second most important currency in the market, has not yet shown significant movement, I make my buy recommendation based on the following technical aspects developed. 1 - Formation of reversal candles of the tomorrow's star type on the weekly chart. 2 - Beartrap at important...