Tracing a fibonacci retracement we see that the main targets of the ascending triangle coincide with point 1 fibonacci and 1.618 and also with the pivot points. If the news of the Dex arrives early next week, I believe we will have enough volumes to support this price growth. Even the indicators do not look bad, the RSI is at 56.84 on the Daily, and it still has...
We have identified two scalping areas, the first on EMA 9, followed by the second area on EMA 21. Once the price reaches this area, I think it will have a bounce if Bitcoin does not surprise us with an unexpected move. This is not financial advice, it's just what I do.
For this bullish scenario we expect to see the pullback to enter long with small take profits on the red areas. This is just one example of what I do, it is not financial advice.
At the macro level we are still bullish despite the market sentiment not being one of the best at the moment. The ideal scenario is to see Ethereum retrace a bit, BTC making a new ATH and then lateralizing and at that moment those who will take profit will direct part of the gains in the altcoins.
Support rejected the price to go down. I'm bullish on Origin Protocol. Good news coming plus MACD Crossover. Long term target $ 10
While Bitcoin continues its rise, Bake goes into an accumulation phase with the next target at 2.36 busd before reaching the new ATH 3.23 BUSD!
If BTC dominance continues to be favorable to the Alts, Bake will continue the race for the second target indicated in the Fibonacci levels.
Bake is bullish back again and is breaking the triangle, moving towards fibonacci level 0.618 at 1.74 BUSD. Let's see if the resistance at 1.62 creates some problems but in theory it shouldn't after the long accumulation period.
There are 3 basic things I noted when i analized this chart. - Upward channel that confirms the bullish trend -New levels of support and resistance -The new resistance level also becomes the target price in February If the weekly candle is green I think it is a good entry point. What do you think about ?
Polkadot super bullish in ultima saptamana . In grafic am identificat un canal de trend pozitiv ,alcatuita din cele doua linii de trend ascendente paralele. In grafic avem si doua triunghiuri simetrice , care reprezinta o pauza a trendului ascendent dupa care acesta teoretic ar trebui sa continue. Scenariul negativ . Daca volumul scade, iar pe graficul zilnic...
Analiza Elrond/ USDT timeframe 1H. Am trasat trendline-urile si am vazut ca s-a format un triunghi simetric.Din punctul meu de vedere este foarte posibil sa avem in urmatoarele zile un breakout, asadar pretul sa rupa nivelul de rezistenta din trendline,pana sa ajunga in zona rosie. De acolo este posibil de altfel si un pull-back pana sa atinga zona verde de target...
BTC/USD DOLLAR 1H TIMEFRAME FORMING NICE TRIANGLE PATTERN. WHAT DO YOU THINK ABOUT THIS?