KNC looks strong. We can see some correction but the overall outlook is good
Kyber looks close to bottom if not already been there. Been waiting for weeks for 200 SMA to Cross the 314 SMA. Looks very near. Little overhead resistance. Couple that with staking announcement any day now we might be looking for an rocket ship. Team looks good. Lot of players in the market but they standout for many reasons for big investors. Not saying it can...
Sold half...for retrace...if it clears $6400 then buy back in. Remember $6300 is a double of yearly low of 3150...expect retrace but be ready buy back at 64-6600 supply area
Vet after a good run and small bounce is looking bearish again
We are down to last 20 hours until we know which direction in short-term Bitcoin will go. Still believe we will retest 3100 then 2800 if we break down. 4200-4800 if we break up then back to test 3400. Maybe earlier!!!
That being said it looks like sellers are getting exhausted. Big whales and market makers can still bring us down. What are your thoughts?
Ripple’s XRP is closing the year while trading in the red following the rejection it experienced above $0.4. At press time, XRP has corrected lower 2.97% on the day after it opened the day’s trading at $0.3753. The asset is trading at $0.3641 is below the 50 SMA and the 100 SMA on the 60’ timeframe chart. Moreover, since the downward correction from the December...
Daily-Weely Support and Resistance Look for short term grind lower then a retest of 50 day moving average with a most likely failure then a then drop back to .618 Medium timeframe-Levels to watch for are 4.3k and 4.7k. Weekly-Once rejected true turmoil we start. Will need to test 3.1k. If breaks look out. 2 month time frame at least for possible true test of bottom
The ascending triangle as in all triangle patterns can be used as trend reversals. It must be noted that the ascending triangle must form at a key level of support or resistance, I like to use double tops or bottoms. This pattern forms as price pushes into support or resistance and then consolidates making equal highs and higher lows forming the ascending...
As I had stated before a short term ascending triangle has formed and looks dominate. It could be a strong bottom argument. Only time will tell. The ascending triangle as in all triangle patterns can be used as trend reversals. It must be noted that the ascending triangle must form at a key level of support or resistance, I like to use double tops or bottoms....
We are finally here. Is this a descending triangle or a head and shoulders pattern. Either way I am locked and loaded. Would love your opinions and comments.
BNB looking good for longs....
As we have all seen BTC is trending back down. We have found support around 8750. Expected correction considering we did a $1600 bounce off last support. Key points to consider are that if we continue down and break through the nearest strongest support around 8380 then thing could get ugly real fast. Keep an eye on these levels and be prepared to protect your...