Kenanie

Kenanie

BTC is at major support zone and the chart pattern formed is head/shoulder (also a double top) which is a bearish pattern. If support zone is broken, BTC would trade at levels below 29k and possibly hit 18k zone which is another major support zone. An OB at 10k might be taken out before there's bullish bias in the BTC market. (NOT FINANCIAL ADVICE).

Kenanie

The price broke out of a descending wedge and has retested local support. The support wasn't broken, which indicates a strong presence of buyers. The price is expected to test resistance at 0.24 zone first. If resistance at that point is broken, then there would be a further move to the upside. Entry: CMP. 0.21 Targets: Short term-0.22-0.24 Mid/Long...

Kenanie

The price broke out of the descending triangle and has been consolidating between the 0.1 and 0.3 zone. The price was rejected at the major resistance and it's about to retest local support. If the support holds, a break out is likely. The support coincides with the 78.6% fib retracement. Average entry: 0.12 Target: 0.13-0.16 SL: 0.11 The set up would be...

Kenanie

Break out of the descending triangle is confirmed. Price is consolidating. If local support at 45k holds, there would be a large move to the upside. Conservative entry: CMP, 47k Targets are marked out by the horizontal lines on the chart The setup would be invalidated if the price breaks local support and goes below 44k

Kenanie

BTCUSDTPERP entered the resistance zone, got rejected, and formed a double top. The market structure was broken and there was a large pullback. If the price closes below 49200, there might be a trend reversal. The price might hit local support at 39k and if it breaks through, it'll get to 29k.

Kenanie

The market is currently in a downtrend and has hit support. It bounced off support but hasn't broken out of the descending flag pattern. A breakout of the descending flag would see the price retest the resistance at 23.6% and 38.2%. Entry: 0.005 Target: 23.6% (0.005354) and 38.2% (0.005956) Fibonacci retracement. Stop: 0.004189 This would be invalidated if the...

Kenanie

The Market is currently in a downtrend. It's hit the support zone and was rejected at 23.6% Fibonacci retracement. It then retested support. A double bottom could be formed if the price breaks out of the support zone. If a breakout of the descending triangle is confirmed, the price would have to break the neckline at 16.351 to continue further movement to the...

Kenanie

The market is currently in a downtrend. The price bounced off support and got rejected at 23.6% Fibonacci retracement. A double bottom could be formed if the price doesn't break the support zone. The price would have to break out of the descending triangle. Break out of the descending triangle would see zones of last known resistance. Entry: 12.656 TP: 15-27 SL:...

Kenanie

The price bounced off support and has broken out of the descending triangle. A close above the descending triangle would see the price retest area of resistance. Entry: CMP Target: 0.62-0.7-0.81 SL: 0.47039 This would be invalidated if the market closes below the descending triangle.

Kenanie

The market is currently in a local area of support. A breakout of the descending triangle would see the price retest area of known resistance. Failure to break out of the descending triangle would see price retest the previous area of known support. Entry: 0.11742 Targets: 0.14-0.16-0.18-0.2 SL: 0.09951 This setup would be invalidated if the price fails to break...

Kenanie Updated 

The market bounced off support and is currently experiencing a pullback through an engulfing candle. If the price hits support and breaks out of the descending triangle, the price would retest the former area of known resistance. Entry: 0.05733424 Target: 0.065-0.075-0.087 SL: 0.04701561 The setup would be invalidated if the price fails to break out of the...

Kenanie

The Market failed to break out of the descending triangle, the price would retest the area of known support. Breakout of the descending triangle would see price retesting the previous area of resistance. Entry: 0.9718 Target: 1.15, 1.2392, 1.3918, 1.4608 SL: 0.9041 This setup would be invalidated if the price fails to break out of the descending triangle

Kenanie

Market is currently in an uptrend except it breaks the previous low. For the uptrend to continue, price would have to breakout of the descending triangle. If it breaks out, price would retest local resistance. Entry: 0.6672 Target: 0.87-1.3-2 SL: 0.5146 This would be invalidated if price fails to breakout of the descending triangle.

Kenanie

ARUSDT bounced from support on the 1D chart. it's currently retracing back to support. A double wedge is about to be formed if price bounces from support. Also, it'd be considered bullish if there's a breakout from the descending triangle. Entry: 53.31 TP: 60-90 SL: 42.06 This would be invalidated if price fails to breakout from descending triangle

Kenanie

SHIB/USDT is about to breakout from a descending wedge. Breakout would see a move on the upside and would possibly retest previous ATH. This invalidates if the market breaks support at 0.00004 Entry: 0.000045-0.000046 TP: 0.00006-0.00008-0.0001