Currently has not broken out of the 2022 downtrend Is above key S/R level Seems to have low momentum as compared to other tokens.
Fib retracement lines sit well with this chart Have to look for better levels to trade at & find R/R on this one
Chart made with WETH as USDT chart has very less data. Reminder to check performance here w.r.t to WETH and take buy/sell calls (?) / As for some basic info: -A game that actually looks good -No tokens locked - all are circulating -Actual Mcap is $10million as of 28/01/2023 - unlike $3mil as most tools show
Clearing $0.3 can take it to $0.6 $0.38 & $0.43 are also S/R zones
Marked are S/R Zones: Purple - based on volume profile Orange - based on price action
Break above $1600 should signal strong upward momentum Marked are S/R zones: Purple - Based on volume profile Fibonacci Retracement levels Key levels to watch out for: $1600 $1750 $1950 $2300
1) Parallel channel in BLUE drawn from '17 & '21 Tops Price going above the bottom of channel has resulted in Macro Reversals so far 2) Green Channels drawn for '21-'22 tops & bottoms of rally - BUT the channels had been drawn with priority to middle of channel acting as a major S/R level 3) Price breaking through $22.7k should take it: Above '22 down trend...
Key takeaways: 1) Breakthrough down trend, preferably re-test and convert it to support 2) Major S/R levels at $28k $35.5k $41.8k 3) Watch out for the dotted mid-level of parallel channel to be a resistance, price should meet it at around $35.5k 4) Price going into $18k-$16k is RISKY TERRITORY as it is a strong S/R level Close below $16k would be bad...
Key aspects of chart: 1) Fib levels marked w.r.t. 2018 bear play well with the 2021-22 trend 2) 2022 Down trend gives us a major S/R zone to look out for 3) Take purple parallel channels with a grain of salt
A draw down to S/R zone at $3.4 level seems likely Crypto having matured, is being effected by the U.S. stock market much more than previous cycles, wednesday's CPI announcement from the U.S. will decide the near/mid-term trend for BTC and most of the market. If there is a bounce, and a resumption of a bull run - expect fan tokens to give outsized returns.
BTC Daily Price is currently ranging / fighting a long standing(historic) trendline -- indicated by the yellow dotted line It was a strong S/R level in the '19 run and also since Dec'20 - so ranging because of such a resistance is possible, but: Confluence: RSI We see RSI breach into overbought territory(whiteox) when the trend attempts to take the previous...
BTC 4H Price is currently fighting a long standing(historic) trendline. (This chart will be further explained in chart.2/3. Confluence: Both RSI & MACD are in a longterm ascending triangle. Withe trend on MACD grazing the lower line. If the buying pressure sustains, the indicators RSI & MACD should breach the triangles between the 22nd & 25th of october -...
1. Parallel channels drawn between key points of bull run tops & bear market bottoms indicate parallel ranges in which $BTC has been playing in 2. Fib retracement drawn from 2013 top to the next bottom shows corrections during the next ralley around Fib 2.6 & 4.2 regions Fib levels drawn from 2017 top to the next bottom also show the fib ranges in which $BTC has...
$BTC seems to need another healthy correction before resuming a possible final leg of the bull run, wave 5. $43k is a good S/R level - a possible breakdown from there should take it to $37k area or even lower to $35.5k -> range indicated by yellow flag
Avalanche ( $AVAX ) - has been around for just a year, but has a very strong team lead by Emin Gün Sirer, who notably discovered a key flaw in $BTC - 'Selfish-mining'. Avalanche's is building an entirely new system of protocols, with an aim to raise entire ecosystems around it. This project holds a lot of promise fundamentals wise. ................... To the...
Since its last ATH on 14th of april, BTC has been in a downtrend indicated by the main channel. It has been in 3 sequential, parallel channels within this downtrend, including the bloodshed on the 19th of may - post which it has moved into somewhat of a symmetrical triangle and just seems to be breaking out of it. A strong move out of the triangle formation to...