Overall the chart isn't looking good at all. Volume as near an all time low and price has fallen below a pretty solid support line. Price reclaim above that support line and a retest would be positive and could see further movement towards the upside. However, as crypto markets are drying up I suspect we might trend lower. $0.53 would ideally be the bottom...
Would look to long this once we get clear confirmation of break. If we fall lower will just load up on spot bag and play the long term waiting game.
Had a clean break at resistance however bounced and fallen back below. If we get clear retest i'd look to short down to 2019 high area.
Missed the entry on this one however would look to short down to mid range. Had deviation and rejection at support. First target would be midrange ($20) then range low.
Volume has been really dry these days so we could see a break down in price. If we break out above id be wary of fake out. We get a clean break below support and retest I'd look to short down to around 1500 range. If we see volume pick up we could break out and shoot higher. If so I'd look for the clean retest and aim for around $2020 area.
Trade idea mention on chart. Entered in to trade a little late as I was away. Will cut trade which ever way it goes just before earning. Still holding a long term bag.
Idea of SFUND mention on chart. Take trade accordingly.
RIVN short trade. Reached monthly highs. Would short down to previous resistance. Long term bullish on Rivian.
Looking to short GBP at these levels down to the 2018 low.
Looking to short BTC if we fall below 2020 high. Will short if we get 1 day candle close below.
Trade idea for RIVN. If we break resistance and bounce take long to around $17.78 or if we reject at resistance I'd look to short to around $13 area.
Looking for a retest at $0.56 area. Medium term. Not gonna short, just looking at the moment and seeing what happens.
Just an idea if where I think we could be on the graph.
Could see SFUND going down from here. Keeping a close eye on it. Can't leverage trade SFUND so just gonna see if analysis is correct.
I plan to enter a short position on GBPUSD at a significant resistance level to take advantage of a potential reversal or continuation of the bearish trend. I'll monitor the price action closely and wait for confirmation as it approaches the resistance level. Proper risk management, including setting a stop loss and take profit levels, will be implemented. I'll...