🌻It has already taken support once on 1.17000 to be precise 🌻Rsi showing divergence with price 🌻Buying above 1.17140 🌻It could retrace upto fib 0.6 (not in parabolic move but with some small pullbacks) 🌻Could get 1:3 (RR)
After great rocketing 🚀 by solano 🕵️Possibilities looks like to be creating a head and shoulder pattern 🐾I've got no chance to enter solano, not willing to enter at this point 😇Just analysis
🕵️Descending triangle 🕵️ previous breakout was sus because of two reason little consolidation + rsi divergence 🕵️ Pre planned for 1.88 as buy zone (Check previous ada post) 🐾 Trading initiating only halting above 1.88 🐾 Bullishness (pinbar, wick rejection, big green candel)
🕵️broken previous higher low 🕵️ Rushing towards potential zone 2900 (let's wait for candel's close on 4h tf) 🕵️ No decision and trades taken as a reversal for short side 🕵️ Time to re-analyse, no clear view Will update soon if there is anything Good day
As discussed about the potential buying zone 🐾the 173-175 to 180-183 (day trade demand and supply zone) 🐾 Let the price come to the particular lvl, and wait for confluence , (pinbar, ingulfing, bearish bullish sign) before taking trade
Etherium so far consolidating in range 🐾No higher high, or lower low created 🐾Still above ema 9 of daily chart 🐾White arrow could make double top for short time or 🐾can be up move >> exhaustion pullback >> and breakout 🐾 Safe side to be trade on 4h breakout and retest (if so can be swing trade) 🐾 3330-3135 can be day trading range (high low) 🐾 Rsi above 50...
Bnb breakout and coming for retest Trade only if halts above 420 Rules ⚠️ not buying on first green sign (candel) ⚠️ Waiting for structure formation ⚠️ entering with stop entry ⚠️ 420 lvl is the golden lvl on fib between (0.6 to 0.7) area
Buying zone can be 173-175 area Still will wait for the ema 9 (day chart) to coincide with the price + our buy zone + wait for bullish sign
⚠️As the zone discussed in previous update, Did not make breakout And breakdown from range created ⚠️That double bottom within zone looked like price was not able to break previous high ⚠️ Let's see how price reacts to 3190-3175 levels (fib 0.6 lvl) Probability ✍️ it can halt and show reversal from 3190-3175 , which can state about the new higher high on 4 h...
Update : The white arrow candel seems like 50-50 bear vs bull could be the boundaries of consolidation zone, let's wait and see which side price will break. The pink arrows are marked indicating a small double bottom forming near resistance, this means price tends to remain at resistance zone forming a bullish sign, looks good on long side build up, let's see if...
Ema9 of daily chart at 175 lvls has good wicks On the structure (consolidating) looking for breakout and retest Ltc good bet to keep on watchlist
Although chart looks good, the latest formation looks like higher low, and rsi dipping, My add on level will be 1.88 still
Breakout and retest, was expected although good solid move, next move is to wait for mean reversion with ema9 of daily chart with bullish signal
Among top alt coins to add on watchlist ⚠️ Not wild move 👍 Expected strong trend
Latest higher high Higher lows Looking for 3900 positional
Found out ema 9 on (day chart) settings works dynamically perfect, could use this tool as trend rider and (same chart 200 ema) for either side setups as per your work flow cheers
It's been great weeks of trading cadusd structures From Range and breakout to lower high formation Seems it is likely to consolidate Blue marked zone would me by buying zone And below swing would sl
Jun to July and August 1 week been still in long term range (sideways) Probability of going up depends bon how the marked zone act and holds If it holds this could good swing trade