Trade setup: Price has again retreated to the $3.20 support zone where it received big support volumes in September. Overall trends remain bearish. Check out our recent research note ). Trend: Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). OBV (On...
Trade setup: Trading in a Sideways Channel ($0.06-$0.08), with $0.06 support having recently received big buying volumes interest. (set a price alert). Pattern: Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the...
Trade setup: Trading in a Sideways Channel ($50-65). Price bounced off of $50 support zone with big volume, reaffirming the relevance of that support area for buyers. Now price is approaching the channel resistance trendline ~ $65. Swing trader: trade the channel (Enter near $50 support and Exit near $65 resistance). (set a price alert). Pattern: Bullish Pennant...
Trade setup: Price has rallied on big volume days and broken above $0.09 resistance zone where it got rejected in August. However, it is extremely overbought (RSI~90) near $0.15 resistance and momentum is starting to cool off (MACD Histogram inflecting). (set a price alert). Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is...
Trade setup: Trading in an Ascending Triangle and price is approaching $5 resistance zone, where it was rejected in August. It also lines up with 200-day moving average. If price is able to break above that, it could revisit $8 thereafter. (set a price alert). Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of...
Trade setup: Trading in a Sideways Channel ($100-$150). Swing trader: trade the channel (Enter near $100 support and Exit near $150 resistance). Trends remain bearish but $100 support area could be a swing entry point for a riskier trade setup; keep a tight stop loss (~$95). (set a price alert) Trend: Neutral on Short- and Medium-Term basis and Downtrend on...
Trade setup: Following a bearish break from Sideways Channel ($14-$20), below $14 support, price made a new Lower Low, which is a sign of Downtrend. It is now approaching $6 support. (set a price alert). Trend: Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50...
Trade setup: Trading in Sideways channel ($5-$7). Swing traders can Enter near $5 support and Exit near $7 resistance. (Set a price alert). Trend Trader: wait for price to break above $7 resistance to resume uptrend, with upside potential to $10 thereafter. Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term...
Trade setup: Following a bullish breakout of Channel Down pattern, price rallied to $1,700, which is a stiff resistance area as it also lines up with 200-day moving average (SMA200). Wait for price to 1) break above $1,700, or 2) pull back near $1,500 support for a swing entry. If it’s able to break above $1,700, price could revisit $2K. Short- and Medium-term...
Trade setup: After a promising run, price was rejected 2x near $2.00 resistance zone, forming a bearish Double Top pattern, then broke below $1.40 key level and reached $1.00 support. Price needs to break above 200-day moving average (~$1.30) and above $1.40 horizontal resistance to complete a trend reversal. (set a price alert). Trend: Uptrend on Short-Term...
rade setup: Bullish breakout from Falling Wedge pattern, which can be a reversal pattern (bullish) once price breaks out. Price could rally to $7-8 resistance area. (set a price alert). Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a...
Trade setup: Price is in an uptrend but has reached $0.27 resistance zone where it got rejected 2x in recent months. It’s also somewhat overbought (RSI > 70). Wait for price 1) break above $0.27 to resume uptrend, or 2) pull back for a swing entry in uptrend. (set a price alert. Chiliz is a digital currency for sports and entertainment, powering the world’s first...
Trade setup: Price has regained its uptrend but is approaching $17 resistance where it got rejected 2x in September (Double Top). Wait for a pull back near $14 or $12.50 key levels for another swing entry in uptrend. (set a price alert). Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal...
Trade setup: Bullish breakout from Descending Triangle could be followed by price revisiting $6.00 resistance area. (set a price alert).Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline). Trend: Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish ( MACD Line is above MACD Signal Line and...
Trade setup: After two rejections, price finally broke above 200-day moving average (SMA200) and reached $7.50-8.00 resistance zone. Now wait for price to 1) break above $8 to resume an Uptrend or 2) pull back near $6 support. (set a price alert). Short- and Medium-Term trend has inflected bullish again. Uniswap remains the biggest DEX, as mentioned in a recent...
Trade setup: Bullish breakout from Ascending triangle (above $150 resistance zone). Price could swing to near $180 resistance where it got rejected a few times in August. (set a price alert) Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders...
Trade setup: Following a bearish breakout from Sideways Channel ($7.00-10.00), price reached June lows of $6 and bounced up. Now approaching $7 resistance. (set a price alert). Trend: Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). OBV (On Balance Volume):...
Trade setup: Following a bullish breakout from Sideways Channel ($260-$300), price has reached our target of $340. Now it’s getting very overbought (RSI > 80) and could pull back. (set a price alert). Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal...