we can see it bounce off the major support and as of now we very close to the 50ma resistance on the 4hr and also the 50ma on the 1d its at 280 . if bulls qonquer that we go higher to 288 and beyond. anything below the major support is a win for bears.
major battle ground happening. this level was challenged multiple times either as support and resistance since 2018. we are also at the major multi year uptrend line. i am shorting this but theres also a slight chance of a small pullback to the 277 area due to the fact that bears might be exhasted from the last two days and are at oversold territory.
a quick retrace then out. mf overbought on the 1hr i expect then a fall further
we can see we are in between the 50 ma and the 200ma on the 4hr. death cross aproaching so xrp needs to get avobe the 50ma. we can see the macd on the 4hr showing bears losing momentum but we are still below the 0 line so it could go either way. on the 1d the mac is still above the 0 line which is a good thing as long as we dont go lower the 200ma on the 4hr.
we can see is at the bottom of the channel a possible retest to the highs stop loss if closes below 1665. re enter at next buy oportunity.
200ma on the 4hr support and at bottom of linear channel
we see the trend line broken and also the fib 50% was lost . this is a really bearish sign , but most of the technicals on the 1hr are oversold so i expecet dead cat bounce to previos resistence . then fall further.
btcusd on top of linear channel. strong resistance at fib 7500.
we clearly see that we are at the top of the linear regression channel. with a strong resistance at 292. we also notice the decreasing volume in this rally which is a bad sign. we can also see the trend line which ends around April 29. monday we can see a possible retrace to ~279. . should we close below 278 the rally would be over.
200ma on the 2hr acting as resistance now. fib levels takes it lower and mfi its overbought . with strong resistance at 288 292 shorts can be open now but if close above any of them take a loss and wait untill next shorting oportunity
we can see that es1 broked the trend line started april 2nd thurday april 16 . and friday it tried to break above it again but failed. it could try to break above it again but first needs to break resistance at 288.5 the mid line from the linear regression channel also coinsides with the 288.5 and macd shows a bearish divergence , even though the divergence...
we can see stoch rsi being overbought. and we are at the top of the linear channel. i expect a retrace to the 0.1830 level if not lower.
still in a short with non existing volume will be hard to close above 21MA on the 4hr