There's not much room/time left for AAVE to consolidate. AAVE has been making lower highs but holding support at the lows as well. After the next potential selloff to the golden pocket or the range lows, I would expect AAVE to make a very big move once the downtrend line is broken decidedly and the price consolidates above. BULLISH ONCE TRENDLINE BREAKS! Every...
Bitcoin is currently trading below the point of control. The value area low is the next target at $30,000. I will be looking to enter a long position if we sweep the lows and reclaim the lower purple line which is support. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts...
When taking a look at Bitcoin on the hourly timeframe, we can see that on a local level (Low Timeframe) Bitcoin has been very choppy. This price action is currently for the professionals or the ones that like to get REKT. I marked a few areas on the high of the range and the low of the range that I would be interested in trading as long as we get the right price...
There are a few things to look at with SwftCoin. 1. The stochastic RSI on the 1hr timeframe you'll notice is way oversold. 2. The point of control which is the yellow line, is a resistance zone that it couldn't clear. 3. The dynamic resistance right below the POC is the initial resistance that seems to be the main reason for the rejection. These 3 factors are...
When analyzing Bitcoin, we can see that we had a nice move up from the lows. After this move up, we can see on the chart that it's struggling to get past the Point Of Control. Usually when the price gets rejected from the point of control, it tends to find the Value Area Low of the range before continuing its move up of finding new lows. Since bitcoin did break...