Not going to lie, but ETH looks kind of bullish right now. Parabola continues to act as support and what is more interesting is that we are getting 21 and 55 EMAs contractions on the daily. Similarly to the end of August, those EMAs are rather going parallel now, which was exactly the case when the price took off last time. Now, the price need to reclaim 21 EMA...
Link has to hold 32.8% Fib zone on the weekly; Which also corresponds to the potential phase 4 of a Hyper Wave; Otherwise, a death cross will form; It may take price to a high liquidity zone USD 6-8; 6 USD will most likely provide a strong support (or at least a bounce) due to 377 EMA; And possible phase 3 of the Hyper Wave
Similarly to BTC we got a nice bounce of 21 EMA on weekly keeping the bull trend running The price is likely forming a bull flag If this is the case, the fib extensions suggest 600 area, as reasonable target
On the recent drop 21 EMA hold as support on the weekly, which keeps the overall bull run intact Price will be most likely rejected at 11,600-11,800 area going into US elections also forming H&S patter Due to that I expect price to range between 10k and 12k before taking of in Q1 2021
Augur has fallen out of a channel during a correction. But we might see here an equal an a opposite reaction drawing a W and getting back to the channel. The MFi also indicates that we might have found a local vottom. Sell & buy zones are on the chart. Use your risk management to enter!
On the daily, a potential H&S pattern can be drawn. If the LS is being formed now, than USD 2.64 looks like a very attractive spot to add to a position, as it also corresponds to 38.2% fib level. The price may also need some more strength, in order to brake down-sloping trend line, which will lead to the potential ATH.
Looks like a great buy to me in between 233 & 377 EMAs also supported by 38.2% fib. Take profits zones are on the chart as well. Stop-loss below 377 EMA. Good luck!
Since the crash in March, the price the price was moving in a channel supported by 21 EMA on the daily with a Golden Cross on 7 May 2020. On the daily we see that ETH is getting supported by a nice parabola. Support levels from 1h & 4h all indicate that USD 207-218 should be a good area to add to a position. USD 194 looks like a line in a sand that should...
We got a confirmed a bull trend in the end of April with multiple golden crosses on the daily and 4h after finding a bottom shortly after on the Black Thursday at around USD 3 500. After reaching its peek at around USD 10 300 in the beginning of June BTC was ranging ever since still being above 21 EMA on weekly and 610 EMA on 4 h, which are actually aligned. ...
- Troy is a great protocol that has a wide use case not only for the poping DeFi; - Down-trend is broken; - Big spike in volume. Simple & easy trade set up - stop-loss just below the trend line :) Trade safe! "Observe patterns, develop a process, hold on to your decisions".
Just thought it was an interesting formation for ATOM on both 1d and weekly time frame . But the formation will be cancelled for sure in case we see a huge dump in BTC again. What you guys think?
Bitcoin halving is right around the corner and will occur approximately in 15 days on 12 May 2020. Last halvings resulted BTC going parabolic; however, it occurred during the overall bull market. Clearly, this halving event is different and the BTC price is the lowest its been prior to the halving. But is it a bad thing or BTC is actually perfectly on track? Let's...
Short and simple analysis in bullet points: - Bitcoin was forming lower lows after reaching a local high of 7400 (green circles on the charts); - It was heading to its key support levels - yellow line (key support from 2019) and Fib 61.8% probably due to S&P correction and potential stablecoins ban; - However, it gained enough momentum to finally brake the red...