Hello Traders In last post we noticed and evaluated some bearish signs in #BTC. afterward price broke the 51500 resistance but couldn't hold itself above it and then crashed (I believe that was a big trap just like when #BTC broke below 30K!). Right now we are in a crucial zone!!! WHY? Price had been caught between 2 support zones (46500 & 44500) for a few days...
Hello Traders BTC/USDT seems to be bearish. Reasons: 1- Broken upward trendline. 2- RSI is declining(bearish divergence in Daily TF) 3- Chart is forming a Bearish Curve(scallop). 4- Upward trend has no more strength or in simple term BTC is weakened(Price went up but BTC Dominance is falling). 5- Strong resistance in 50.5-52k zone. In case, this analyze will be...
Hello Traders SUSHI/USDT has broken a rising wedge and confirmed it. also it has broken a local support zone then retraced on it and moved down. Weekly TF is showing some bear strength.
Hello Traders Price is moving in a downtrend and has formed a descending triangle. Also price couldn't break Resistance structure multiply times so it may go a little lower.
Hello Traders Looks like AUD/JPY is forming a SHS pattern and right now price is completing right shoulder. Also we can see downtrend in RSI (Daily TF).
Hi Traders & Investors Here is short idea for GBP/USD. Reasons: - Price has broken 365 days uptrend line. - RSI has downtrend in TF 4H - Price has pulled back on broken trendline and supply zone.
Possible bullish pattern is forming. let the price complete its pull back if you want to jump in.
In daily TF, MACD shows some bullish sign also we can see RD+ on both RSI and MACD. Price is trying to form a double bottom pattern. If Price could break downtrend line so it will go higher.
Hello traders and investors I looked at CKB today at it is showing some upward strength. Reasons: Price has broken resistance at 0.011500. MACD is showing bullish sign. Volume is increasing.
we have possible incoming inverse head and shoulders...
We have strong resistance zones on 5.85 and 4.65. After multiply rejections from resistances, price made a corrective movement downward. Targets are on chart.
as we can see, price made a cup and handle formation and we have and uptrend movement in RSI. in this case price should break the red line and make confirmations above it. Targets on upward direction are: T1:14000 sat T2: 24500 sat
It seems that price broke the blue upward trend line and yet trying to hold the price in range but with some big upward rejections , it could go lower. first target in downward is about 45800. also since we had big strong red weekly candle in previous week we can assume that 40-42k target is still on the table.
Looks like some big players are playing with price!!! we can see big rejections. These signs aren't good...