Hi Traders, FTM had been in a downtrend. If that breakout will be successful, it might form a upper triangle in case a re-test. I've seen many breakout pattern with that kind of structure: First it is in a downtrend. Then, it form a smaller uptrend in that downtrend. Then, the uptrend gain some momentum in order to break that downtrend. We are observing that...
Hi traders, ETH has been a channel. Now, it is about to hit the upper level of the channel. But because of the low volume and that the upper level is nearly same as the MA200, I believe it will get rejected from that level. In that case, I will stop loss if the price closes above MA50. Otherwise, I am gonna hold the position until the next support level. Stay safe.
Hi traders, We've been in a bear flag for last few days. As you may see even it broke out the flag, it still is on the support level. So there is two possibility. 1- Bounce from the support zone and the breakout will turn into a fakeout. The uptrend will continue after having reduced the LONG positions. 2- Bear Flag works and we will see a downtrend up to...
Hi traders, You may observe that the volume has increased dramatically in last days. And also you can say that the traded volume is concentrated higher price levels by using volume profile. I interpret this situation as an important indicator of a strong bullish trend. By this information, the price level seems good to take a position. I've drawn stop loss...
Hi traders, Important levels are indicated in the chart. I am gonna buy it in ping area while I will stop loss in purple area. As it can be seen in the chart, there is a fakeout. Even there is a breakout, the price has been consolidating toward the trend line. Many breakout pattern has similar pattern. Basically, before breakout, price moves near the trendline...
Hi traders, AVAX is on its support level. For last few days, It has had bullish market structure even though BTC has made unstable moves. The price got rejected by MA-200 in 4-hour frame. And It made new higher high, which indicates a new uptrend. After vertical line, there is a increase in volume. It is also another hint of new trend. Finally, there is a...
Hi traders, As you know, DOGE broke out its downtrend. So I was expecting a re-test which happened actually. However, I missed the opportunity. In my opinion, there could 3 scenarious. 1- Price closes in demand area and go up 2- Price hits the downtrend again and go up 3- Price just falls. For the firsst and second cases, I am gonna buy DOGE partially. First...
Hi traders, I've been observing that QTUM has good key levels. This levels work fine in general. By combining breaking out volumes and key levels, I believe it will work this time also. That is why I am sharing my possible position. I hope it will work. Stay safe.
Hi traders, As you can see from the chart, the price may form a reverse head and shoulders. In that case, I specified the places where I take a position. My stop level is around 2.57%. This may change depending on your risk level. I am bullish for AVAX. It is because the volume has been increasing lately where you can observe in daily frame. Even though it...
Hi traders, The yellow area is the neck of the formation. You can ignore other lines and areas. The target is shown. Stay safe.
Hi traders, We've been in a range for days. In my opinion, it will break soon. The reasons are, 1- The RSI is on downtrend. Hence, based on the nature of RSI, if the price moves in the range, the RSI fluctuate around 50 level, which cause a break out on the downtrend. 2- The volume is still decreasing. This is not exactly TA but I do think that if it was a...
Hi traders, LINK has broken out its strong downtrend. However, I wasn't sure until it makes a new higher high. Now you see it goes on the small uptrend. If the price closes in the grey area, then the uptrend structure will be broken. Hence, in case there is a close in the grey area, do STOP-LOSS manuelly. The strong resistance and support areas are indicated as...
Hi traders, You see the important levels in the chart. The dashed ones are relatively weaker than the straight ones. If the price make breakout the return area, I can say that the major uptrend is starting. For now, the new minor uptrend has started by making new higher high. I will expect that the price will fall back on the yellow area. It is good place to...
Hi traders, BTC may form a head and shoulders formation, which is not completed yet. If it happens, the points are indicated in the chart. I expect a bounce from the LONG entry point and then a decrease to 31k's. These entries are risky due to that there is no clear trend. It is on horizontal trend. So, my advice would be that if you take an entry, you should...
Hi traders, The dashed line is a weaker resistance compared to others. The yellow area is the target. If the price make a close below grey area, I am gonna SL. For now, The breakout seem good and it does a pull-back. Stay safe.
Hi traders, According to Head and Shoulders Formation, Our new target is -4k's :) Be careful if the price goes below 0 ^^. Stay safe.
Hi traders, Everthing is in the chart. If the red area is broken out, The targets are the red levels. Stay safe.
Hi traders, There is a symmetric triangle forming in BNB. Possibility 1: BTC breaks up 42k resistance Possibility 2: BTC bounces back from 42k resistance. The volume is decreasing along the triangle. RSI is forming also symmetric triangle. Although the low volume bothers me, a position can be entered with a confirmation. Stop loss level is just below the...