After you have seen many analyzes that tried to define the market trend with all kinds of lines and drawings, I presented this simple analysis and as you can see, it showed interesting reactions to all the marked market prices. Bitcoin price did not reach 10,000 and purely technical analysis could not analyze the real market trend. Now it's time to put...
Hello to all, First of all, the market does not have a specific trend and we are definitely facing two possible market trends in the short term. The first path: increase in price to 28,850$ and then reach the price of 32,000$ and return to 28,850$ and then rise to 36,500$. The second path: price drop to 25,285. The important issue is that if any of these two...
From today, we have to wait for ETH to move towards the price of $2150. After that, we have to wait for ETH to enter the specified range, most likely, crossing the specified resistance range which is $2350 and $2850 is not an easy task. Finally, after passing the price of $2,850 and the general conditions of the cryptocurrency market being favorable, we will see...
hello to friends There is a lot to talk about the price of BNB, however, in summary, I am trying to introduce two resistance area that crossing them will cause the price of BNB to grow in the long term. The first resistance range will be $345, which will be a weak resistance. The next resistance range is $430, which is a stronger resistance, and after that we...
In terms of technical analysis, the chart is very similar to the chart of October 16, 2020. The current market conditions are completely different from October 2020. However, we can hope the market will finally have a strong upward movement similar to the previous analysis I presented. Finally the price of Bitcoin will go from 24,000 to 34,000 with a strong...
Hello to all, Personally, I like to analyze the market and make the desired trade at the right time, and I never look at the chart for a long time. It depends on what your purpose of trading is, and of course, you trade according to your personality. So, I'm waiting for an established trend where a suitable entry point can be identified, so I don't think the...
Hello everyone, I'm so glad that I was able to predict the short-term trend of the market in this article series'. Now there are two support zones, the price passing through these two zones causes the short-term uptrend to be lost and the long-term downtrend to follow. On the other hand, crossing the resistance zone will move towards future resistances.
Hello everyone, I hope the previous two published articles are useful for you. In this section, I will discuss the continuation of the process. So, After crossing the drawn dynamic resistances, Bitcoin crossed them again, and now MA and the 50% RSI line are dynamic supports of this trend, if nothing strange happens, it will continue its upward trend...
Hello, Although it is very difficult to analyze the cryptocurrency market these days, as you can see in the RSI indicator, dynamic resistances and supports can be seen for Bitcoin, and crossing any of these will definitely be a temporary upward trend or It will lead to a decline. RSI settings: RSI 26 hlcc4 (RMA) 52 2
Although the current situation of Bitcoin is very dangerous for the cryptocurrency market, but as you can see in the RSI, Bitcoin urgently needs to break the MA and cross the 50% line to start an upward trend.