10$ is Major Resistance zone. It is highly likely that this zone will be reached in June, because many investors and people would like to see a price in that zone. We can see that at this moment the price is undervalued and it is a great investment to take. TP -- 9.90 - 10.00 $ SL -- 8.10 - 8.30 $ (Depends on your risk tolerance) ENTRY -- 8.60 - 8.80 $ Daily...
ETH/BTC has just reached strong resistance level in 0.031 area, which is very strong incentive to go long to 0.035 level. According to Mati Greenspan, a Senior Market Analyst at eToro explained that Bitcoin dominance is falling and that altseason is “upon us.” Bitcoin’s market dominance is falling in the past days as we can see in the chart. In just three...
As we may see from the chart ETH did not break support level and decided to reverse the trend in 1H TF. The price bounce from support zone - FIBO 61.8, uptrend line support, support zone. Possible long scenario till 115-117$ levels, with small stops in 107$ level.
As we can see BTC price is now consolidating in a bearish triangle pattern after a strong bearish impulse. There are two possible scenarios of price moving in that kind of situation. 1. More possible and likely scenario is trend continuation to 3000$ area, which is a strong support zone. 2. Less likely scenario is trend reverse and price moving to 5600-5800$ area,...
As we can see crypto is still in huge downtrend, so there is another chance to jump in and achieve some profits. ETH failed to break out resistance level 120$ twice, it is FIBO 61.8 level as well. It is great place to enter short after the confirmation, with small S/L and good Risk:Reward Ratio. Our target: 100-105$ levels, stops: above 121-122$. Invest wisely...
Whole crypto industry has suffered huge market crash. As we can see BTC stopped by 4500$ level, if we are looking to the previous market movements it is accumulation zone before new dump to the 3500-4000$ support levels. It is very likely that it will happen in the end of the week or in the next week: 1. Price has touched 5000$ and failed to break out that level...
As we can see price has hit bottom of the triangle and successfully bounced from it. Price has risen from 420$ to 500$ and now it is in consolidation and resistance levels (EMA50). there is possibility of small pullback as well as possibility of strong price action to the top of the triangle and FIBO 50. Whole crypto market has reached biggest market cap in past...
As we can see from the chart, NEO has formed HL (higher low), but still could not break its resistance levels at 40-42$ and EMA50 level, this is why it did not form new HH (higher high), now we can expect a little pullback to 34-35$ levels and impulse to previous resistance level at 41$. If price pass through formed resistance level at 41$ than there is a strong...
As you can see from the chart, price has hit the bottom of descending channel and overall volume of cryptocurrency market has diminished. It means that there are two ways of price moving in this BTC/USD Weekly chart: 1) If price break support below 6000 USD it would be strong incentive to move to 5000 USD in case of price action. This will lead to huge market...
As we can see from the chart, the strong triangle is almost at the end (end of consolidation), bounced from the bottom of the triangle and EMA 50, and the price is in the Up trend channel which means that BTC has more chances to go up. If this critical level will be triggered, BTC can reach 10 000$. Put you stops below EMA 50, Good Risk/Reward ratio.
As we can see from the chart, BTC correction has ended and bounced up from strong support level. And now it has a huge potential to break out its resistance zones and reach new ATH levels. Target levels are FIBO extension zones.
After massive market crash and sell off, BTC has bounced from falling wedge bottom support (The wick of candle) and it closed over FIBO 61.8. It has huge potential to bounce from this area, also the volume has slightly increased and it is a good sign. There are 2 possible ways of btc moving, if the resistance line will not be break outed the down trend will be...