Habib0601

Habib0601

STEEM broke out of its channel on high volume and rejected the fib golden ratio (61.8%). I expect it to retest and break it, from there we have a lot of resistance in the 1.2-1.3 area. If we break it, our targets are the recent high at 1.44, then 2, 2.3, 2.6, 2.88 and 3.8 Support is at 1 and 0.94 Any questions? Good luck traders Remember not to break your rules Habib

Habib0601

DOT is approaching a major resistance area at 38-40. If we break and close above it, this could be a pretty safe trade. The 1st target is 43.7 which is a previous resistance level in confluence with the 78.6% of the fib. Then we have ATH at 46, then 48, and finally 62 (1.618 of the fib). Support levels are 34-35 and 31. Any questions? Good luck traders Remember...

Habib0601

We can see that TKO bounced off of our 3.6 support level which was a previous resistance level. It is now breaking out of the descending channel which was established on descending volume which means, as you know, that there wasn't much selling. Targets are still the same : 5, 6.2, 8 and 10. Support is still 3.6 which remains unbroken for now. Any...

Habib0601

As said in our past 2 posts, the major support level for Bitcoin was 55.5-56k. We clearly broke below that level and it looks like the 4H candle is going to close below it. To me, this is a clear indication of a trend reversal (for the short term at least), and Bitcoin could be heading lower. The first level that I am looking at is 51k, then the big one is...

Habib0601

As said in my last idea, Bitcoin had resistance at 59k. We can see that it rejected that level and is now probably pulling back to the support level (also mentioned before) at 55.5-56k which is also in confluence with the fib 50% level. We want to see Bitcoin test that level and shoot back up. A break and a close below 55.5k on the 4H chart could signal a trend...

Habib0601

Bitcoin broke out of its consolidation and is headed towards its ATH. We have resistance at 59k, then psychological resistance at 60k. After that there is another resistance level at 61k, and if we break and close above it on the 4H chart I would expect a move back to the ATH and look for new ATH. At this point, the most important thing that I want to see is a...

Habib0601

Looking at the close of the 1st 4H candle on the 2nd of April which is at 8.5, from this price point at 2.9 we are looking at a potential return of almost 300%. We can see that the breakout of this descending channel is accompanied by high volume meaning there are a lot of buyers. In addition, this is a very asymmetrical trade (the upside is much bigger than the...

Habib0601

LUNA recently broke out of its descending channel and is now retracing to 16.8 - 17 (which was a previous resistance area), before continuing is push upwards. The major support area is the 15.7 to 16.1 price zone and a break below it could change the current trend of LUNA and turn our view from bullish to bearish. The break of the descending channel was also made...

Habib0601

After breaking out of its long descending channel, NEO broke out and consolidated sideways. Now, NEO broke out of its sideways consolidation and also broke back above 100 (which is a psychological resistance level). My targets are 110, 121 and then ATH at 134. After that, according to the Fibonacci retracement, we could see a move to 171 and 232, which are...

Habib0601

After breaking out of the triangle TKO pushed up to 3.58 and pulled back. It just bounced off this very recent support level at 3.2 established on the lower time frame and is heading back up. For now, I am looking for a close above 3.65 on the 4H chart. Looking at the fib retracement, my targets are 5, 6.2, 8 and finally the ATH at 10. However, if we break below...

Habib0601

SOL just broke out of its descending channel and is headed to its ATH. With this impulsive move I expect a break of the current ATH with my first 2 targets being 54 and 62. The important support level being 42, if we break it we could see a move back down to 38. For now, we are looking for a break and a close above 48 on the 4H chart which would confirm our bull...

Habib0601

After its strong move on the 30th of April, Bitcoin hit the 58k resistance level and is now pulling back. The support level that is important to my eye at this point is 55.5k, meaning if we break below it it would raise a red flag, and bitcoin could continue its push lower to 54k and possibly 51k. If we break and close above 58k, we can expect a move back to 60k,...

Habib0601

After an explosive breakout out of the descending channel, ALICE is now consolidating for the 2nd time which is giving you an opportunity to catch the next impulsive move to the upside. We can also see that ALICE broke out of the channel on the 28th and 29th on very high volume which is another indicator of the current strength of ALICE and the current...