Currently, AVAX is in a compression zone, where I believe, the next big directional trade is about to take place. It is either accepted above $23.3 and lead towards an expansion towards the weekly FVG or is rejected and continue its downward momentum. So all eyes on $23.3, Peace!
Currently, SAND is possibly at the stage of distribution where I am expecting when the 4H candles closed below the NPOC which is the green line, which confluence with the trend line support, once two of them are breached by the price action, I am expecting a mean reversion to the down side for them. The risk:reward over here is pretty decent and a lot of unsweep...
The structure of ATOM is looking really good. All of the EMAs are above and potentially merging, price currently consolidating around mid-range where this is what you wanted to see however, the nature of ATOM is extremely lagging. Hence, if you are considering longing ATOM, give it a little more patient due to its lagging nature. From the midrange to the range...
To be honest, NEAR is looking quite bullish, there is currently a potential inverse head and shoulder in the making. $4.63 is key as if it is able to flip it as support, it will eventually lead to expansion. Moreover, the resistance has been challenged quite a few times, where as it get tested the more, the weaker it gets. Hence, I believe that eventually the odd...
As of today, after a weekend consolidation BTC finally chose to trend down, however, there is a potential scenario where it retraced towards thw 0.618/0/66 zone forming a deviation below the previous high and continue its uptrend, currently the overall bias remained short bullish, medium term bearish long term bullish! Peace
AVAX currently is looking forward to reclaim the key level. RIght now, the price is consolidating right below the key level, hoping it to break above the trend line. Set up is provided inside the chart. Moreover, the bullish engulfing candle is really looking promising however, hopefully it can reclaim the key level. Peace
ETH right now is at the previous high of the range, where opportunity presents as a great shorting opportunity. Set up is indicated by the red arrow. The price target of $1250 is a high probability target where it coincides with the 0.618/0.66 of the golden pocket. Peace!
For SOL, if bull wanted to step in. This should be the time. Currently on the 1H time frame, the market structure is making a falling wedge where it contains a bullish bias. Besides, price right now is oversold, and the CVD of spot is leading. Hence it indicates that right now, there is probably a bounce coming along the way. Peace. However, $37 is the last line...
Currently, BTC is sitting at the previous range high, where it is situated around $21800 where right now price is either hold or back to the range formation. Hence, the price right now is extremely crucial. Ideally speaking, this place offers great risk:reward when it comes to longing. Thus, if the price failed to hold here, we should expect the price of BTC back...
Right now, from the daily perspective there's two candle closed above the previous high. From the 4H perspective, it broke down from the previous high and is currently reclaimed. Hence, I think it definitely worth a try. Most people are sidelined and waiting to deploy their cash lower, however I think ideally, we should sweep the high first before coming it down....
Currently, VAH couldn't hold for AVAX. Right now, $24 is an important level to flip, can be considered as a SNR flip. The price action right now for AVAX is that it is possibly to go and retest the VAH @ $24 where we should all pay extra attention, if the price is able to flip it as support, we should long it meanwhile if it turned into a resistance, we shall...
Right now, AVAX is looking really great on higher time frame. Making a series of higher high, higher low, supported by decent volume as well. However, there is currently a concern is that personally I think that a healthy uptrend suppose to be lead by BTC instead of ETH. Hence, right now it is not a bad time to take profit off the table. Moreover, as for AVAX the...
Currently, SOL is experiencing a minor retracement, right now there is two levels worth watching. First of all is the VAH, and secondly is the previously which coincides with the trend line. The setups are provided by both of the arrows, hence pay attention towards these two levels. However, previous low scenario is much more likely to play out. Peace!
Right now, SOL is currently back testing the trendline, looks like a bearish retest. However, right now in order to remain bullish the price need to reclaim $37 in order for it to remain a bullish momentum. Do notice that everyone is super comfortable to short when price bounced, however do notice that SOL in fact did showed some strength so it is possible that...