After the pump price may have be sometime in the rectangle to rest.
There is a support zone in the corner of the current price. It is important how the price will react to this zone, then we can choose our position to enter the market.
As you see if the price pullback to the key level we may enter with a good trade.
After breaking this resistant line (Key level) we should wait and see how strong it will be broken and decide to enter or not.
There is a strong support zone below the current price which are Ichi base line , MA 50 and a trend line
So the price may bounce up after touching the key level if this scenario happens there will be a good opportunity to trade the other scenario is the bullish one which we should wait and see how the price will react to MA 50
I entered this position my self as the scenarios were mentioned before. Price is in a support zone now.
There is a key level which help us predict which one of the 3 scenarios (Green lines) will happen
The price is going out of a triangle pattern but there is also a rectangle which we should see is going to be broken bearishly or bullishly. Although I think bitcoin worth more than its price nowadays.
We have a resistance which is because of the fibo 38% and the trend line plus MA 50. Im waiting to see how the price will react to this zone.
There are two scenarios possible in QTUMUSDT. The more probable scenario is the bullish one which says the price is going to the upper channel (Channel NO.3). So lets give it a chance.
Will market take some rest after the huge fall or keep moving downward? I think the bullish scenario is more probable.
Today Bitcoin broke many support zones and lines but it bounced up as it touched the fibo cluster. Many people have been liquid in different exchanges if you want a huge profit you may enter in these situations but if you want a long term profit and you look to this market as a pro i suggest that not to enter the market without a good reason and just by...
In every action in the market there is a lesson to learn in this case we realize some of the news maybe true but they are not as big as the media says. Im talking about the Plus Token rubbery which was accused to make Bitcoin price come down this much but as you can see the reason was something else. Considering the whales strategies the price will increase while...
Here is a support zone for FETUSDT lets see how the price is reacting to this zone.
There are two supports which can stop the price decreasing one of them is based on triangle pattern and the other one is based on Fibonacci cluster. Lets see how the price will react to these supports.