The Volume for this Breakout was high, but there is still the possibility for a FAKEOUT.
The BollingerBands getting tighter, this shows a HIGHER Chance for a big Move in one direction.
We should wait now for a confirmation.
--Dont let the FOMO control your Trading now.--
Above is the SMA20 on the Daily Chart , this is why there was a rejection on the H4...
Link/USDT is a really high volatile Asset
This here is only a little Analysis.
Link Outperformes BTC everytime when BTC moves 1 % up .
In the H4 its now a bullish Pennant all important Moving Average are under the Price for Support.
BUT
Above is the 3.5$ Level its the last Resistance before the Important Weekly Resistance.
IF
4.7$ will break with a...
In the H4 there is a consolidation , its forming a bullish Pennant atm.
The Volume is also decreasing thats good for the Pattern.
A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$
WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here.
AND
there is always the possible...
In this Chart i tried the Ghost Patterns for the first time to predict the TRX Price.
Lets see what will happen ;)
Note:
TRX got a high correlation with BTC , keep in mind if you take a Trade here.
Hey guys here is my update after the bug Move from the last Hours.
FIRST of all, please always keep safe from FOMO as a serious Trader.
There will be always an oppurtunity to take a Position in the Market.
BTC was strong last hours and days please keep in Mind that the overall overview is still Bearish. ( D1 - W1 )
H4 and lower are with the Break of the...
Just read the Chart, be strong against any FOMO feelings.
Remember, there will a trade . Anytime on everyday.
If you just hunt the 9-10% of ETH from today, you will lose your money and capital on longterm.
WE ARE STILL IN A DOWNTREND
WEEKLY : DOWN
DAILY: DOWN
H4: DOWN
As i write down on the Chart, this could be the bottom.
Its really important to claim the PURPLE Area to change the Progression Direction and start a Bull Run. ( HIGHER HIGH ON WEEKLY )
If you are a really aggressiv Trader you can search now for a Entry on Longterm .... BUT... i always want to wait for a Confirmation and i want to enter with a nice Chart...
Its only a Short Analysis.
Please dont forget in the Most Assets, we are in a Bear Flag .
And the Price must close and confirm above the Goldenpokets to change the Trend direction.
For a real Bullrun, we need a new CLOSE Higher High on the Daily.
! BNB got a high correlation to BTC, keep this in mind !
Notes:
ETH and BTC has a high correlation so ETH Chart is nearly the same like BTC.
BTC is also the Index from all other Cryptos ( Like the Dow or DAX ..)
So its really important to watch what BTC will do the next days, for me we need first a cleary bullish sign with strenght before i will take a Position on ALTcoins.
F1 = Bearflag small
F2= Bearflag...
Its a small update for the previous Analaysis.
I want to catch the Big Bullrun, without the "in & out, repeat" Game, so i will wait until the big BEARISH Flag is broken.
Here is a short Analysis for BCH/USD
I think actual it looks really like an EVE & ADAM Double Bottom.
I will place BCh on my Watchlist i will do an Update.
If you like my Analysis you can follow me :)
You also can contact me for questions or my Trading Journal.
Hey sorry guys the previous analysis was deleted because i post it in the wrong Language, here is the same a little modified analysis from today.
Later this day there will be another one.
If you like Follow me i will do daily TECHNICAL Analysis
