Hello traders CAKE is one of the high potential coin , as you can see in the chart CAKE price already is on the weekly support ; previous time that price was here and formed something like double bottom or maybe triangle like what we already have here move about 237% . so keeping your eyes on it. for opening long position price needs volume supported...
Hello traders . follow my previous update about BTC which is already played out , you can also go and check it in this analysis I want to looks at smaller time frame ; as you can see in the chart , price makes inverse head and shoulder pattern which is already broke out , there is two different scenarios : 1 : price continue going up without retest it 2 ...
Hello traders in my opinion BTC is trying to create big pattern something like falling wedge or maybe bull flag , so lets explain it in more details to make it easy for you : as you can see in the picture BTC is almost hit bottom around 28.8k and 30k its because in this levels there is strong weekly support and if bitcoin breaks bottom of 28.8k it can be big dump...
Hello traders as you can see in the Title , SOL price after the big dump about 70% since 19 may is in the accumulation phase and hold weekly support 18.66$ , also price create nice triangle pattern but important thing here is that overall trend is bearish in the 1D time frame but in the weekly SOL still remain bullish ; so if price break above the resistance line...
Hello trader AAVE is in the down trend but in this chart we can see price make LL and now we have HL in the descending channel if price can break above the channel at 0.5 fib ratio with high amount of volume and at least close 1D candle above the weekly resistance so we can count this as good break out and trend reversal but still necessary for price to goes...
Hello traders : as usual we need to look at bigger timeframe first , so if you pull fibonacci retracement tool from start of bull market until to the top you can see ETH/USDT is in the fib golden ratio at 0.618 its very important for ETH to hold this level , also in this level price attempt to create triangle but the main trend is bearish so the pattern we have...
Hello traders I'll start with the weekly time frame : you can see price get bounce from weekly support and rich higher price target and now start to retracement but we need to zoom in to achieve more information . so let's dive into the daily timeframe : in the daily we can see price create a beautiful flag or something looks like falling wedge and clearly...
hello traders in this analysis i'm looking at HBAR/USDT , and see this clear triangle , which is already breaking below the upward support line and now trying to retest it as resistance , its seems good for short position because the main trend is bearish and in the 4h chart we are clearly in the down trend . but because of market situation Be careful
Btc in the weekly timeframe retrace to fib golden ratio at 1.618 its also weekly support ; also in the stochastic rsi hit all time low , last time we reach almost zero in the stochastic rsi in the 2019 we bounce up about 60% in the daily time frame we forme a bullish pattern ( failng wedge ) .
maybe its end of bear trend for btc dominance and its bad signal for ALTS
as you can see in the 1h chart BTC trying to hold above pervious STRONG RESISTANCE and its seems good for buy