I share with you a chart if the market remains bullish. However, Momentum is weak on weekly frame not shown there. Potential location to sell and take profit around 5700 and 6000. NEXT location to reload or take position : 1 - Around 50 000$ / 0.618 FIBO 2 - Around 42 000$ / 0.382 FIBO 3 - Around 37 000 $ / 0.23 FIBO ( I do not expect this one) RSI -14...
Look at the chart and do not hesitate to share whatever your want in the comments
Price keeps going up but indicators such as Momentum and RSI (4H) are showing that the internal dynamic does not follow this rise. A potential correction may happen. Notice the resistance around the 10 & 10.50$, DOT may not be willing to be traded above this level
If the market takes time to draw properly this pattern, traders could push prices up & even break the past ATH. However, Momentum indicates a divergence that means that price could decrease in a short time, the price could go down nearby 18 300 & 18 400 $ in a few days.
Formation d'un triangle de compression du prix
NEXT resistances ahead: 420$ & 450$ Long zone between 320$ - 310$
leave a comment in French or English if you want to share your point of view. All comments are welcomed
A potential trade for this week ETH could form an M on the 420$ which could push the price further down if no buyer/seller consensus is found above this level. This scenario could worth to be shared with the community, all your commentaries are welcomed. This is neither an advice nor a certainty, everyone is responsible for their own investments. Moreover,...
I would rather be more bullish for the next days such as we went through the breakout of both trend lines that were mainly bearish However, the 0.23 of FIBO (breakout&pullback more visible on 1h timeframe) remains a resistance that the market is certainly about to restest, I suppose that a bearish scenario is not to exclude if the market rejects one again the...
BTC is stuck and I'm not optimistic, I don't think that we will get back bullish. I suppose that BTC will keep correcting and that the next target is the 10200$.
Due to the BTC dominance if BTC get through a correction this scenario of short could be interesting
I have spotted a possible AB=CD A beautiful cross of the moving average 7 and 20 periods, showing a potential restart of the bullish trend But having looked at the momentum and RSI the trend is changing the trade ratio is 2:1, so 2 indicators for one trade I don't think it worth to gamble on it but I would like to have the opinion of someone
I have tried to identify the supports the most relevant for the next days. In my opinion, the double Top at approximatively 446 $ has stopped the Bull run started since July, moreover, RSI is back to the normal + It looks like the bulls lost strengths referring to the Momentum which means for me that the trend is about to change and is not impossible that we get...