BTC broke down from the respected trendline that was formed on the 11 Nov on the hourly time frame. Could this be a bear trap? BTC still setting higher low though. Now for the bearish scenario i would anticipate more downside to come as on the daily chart we have a large falling wedge pattern. Im looking at 16438.74 for a relief bounce. if that plays out. BTC 1H & Daily
Ascending triangle pattern on the hourly, however it failed to break out thrice, area of resistance is the blue rectangular, bullish cross on the macd signal line. SOL 1H
Bearish pennant with double top pattern. Still negative on the macd. Idea down target will be 0.426. Will short it if it breaks the lower accending support. ADA 1H
Falling wedge pattern for CRO on the hourly, currently testing ma50 resistance. Lack of volume currently. CRO 1H
Blooming updates on BTC, we have a massive ascending triangle for BTC on the hourly. We got a nice bounce off right at the bottom support. Using Elliot wave theory and wave analysis is applied as this could be a one possible outcome. Which is Wave F and the technical target we have is around 52K ish BTC. Overhead resistance 45k zone as mark on my charts (blue...
Sweet V recovery for ADA, i bought some ADA last night at around 0.88, not a big bag though, as im still skeptical about the market directions and with all that is going on with the world and news. RSI rising, ADA moving, and on the Trend exhaustion indicator, ADA is in an up trend ADA 1H
We got relief bounce as expect, everyone was betting on a double bottom last night. Looks like we had it. Sadly bulls need to show more strength, we are losing volumes. Key resistance 40536.66. We fell below ma200 and ma50 on the 8 hour timeframe. Some factors that will shake the price of BTC I believe, (1)Confirmation on Russia invasion on Ukraine (As of now,...
Key support going for a retest for SOL at 124.47, if if dont holds, deeper retracement for SOL. And it's quite bearish on the daily chart of that happens. Lower low and lower high form. Back to $70-100 SOL, quite possible. Unless we hold that key support line. SOL Daily
ONE retesting support on fib 0.618, i don't think it's gonna hold. Deeper retracement towards 0.26 seems possible. Slightly above the 200 MA on the 8H timeframe. ONE 8H
Going for a retest on 200ma. Great entry point for Long will be 1.329 which is slightly below the 200ma on the hourly. Idea is to catch the wicks. Bearish cross on the macd and rsi reaching oversold. ADA 1H
BNB is going down too, continuing deeper with the bull flag pattern on the hourly. 417.5 we might get a bounce off from there. Bearish cross on the macd, rsi reaching oversold. Drag down by BTC. BNB 1H
VET been moving real slow, being drag down by BTC. Unable to climb back and continue the Apex trendline. Next key support down for VET will be 0.06072 (Blue line). On the RSI VET failed to hold 45.48 which is the key support on the weekly timeframe. RSI reaching oversold. Bearish cross on the macd. VET 8H
Might be going for a retest on key support 40536.66. Hope we can hold it again, would be a great entry point for Long. Bearish cross on the macd and rsi reaching oversold. BTC 1H
Update on BTC, apparently the price is going down, as i did post earlier. Key support will be 40536.66. if we breaks it, and it's not a bear trap like previous cases. I'm quite sad to say that we are going into a bear market. If we lose the key support, technical target towards the downside will be 30K BTC. Death cross on the daily. Rsi oversold. BTC Daily
Limit order set for Longing BTC at 41926.69. Anticipating a double bottom. Bearish cross on the macd. Next level down key support after my entry will be 40536.66 BTC 1H
Kinda hard leveraging right now. I has set limit order to 1.477 short ADA. The entry target is right at the 200MA on the 8H time frame ADA 8H
XRP not much volume, after the dip due to BTC dump. Hopefully a recover will come soon for XRP so we can continue with the bullish symmetrical triangle pattern. XRP 8H
Large ascending broadening wedge for BTC. 80% chance the price will break downwards. Look like a potential form of a complex HNS, shoulder not yet form though. BTC 1H