Price is moving in down channel, bellow the huge bear flag formed from 19th of June low. RSI on daily <50, on the 4H TF RSI, has more room to grow, MAYBE just a little fake out the break the channel and hit resistance at the lower line of the bear flag, before next collapse. It has broken the bear flag already, it can just unsuccessfully retest it from below. Take...
NFA, DYOR, everything I see on the chart. The previous breakout was fake, this down channel is drawn on daily TF with only candle bodies included, dotted line above represents the extreme point of it. Price can go up from here but volume is low, I think one more push to the downside is needed to meet the daily demand zone and the trendline before price rises...
Cardano has already broken the downtrend line, RSI on 1H TM is overbought, expect the price to retest the trendline from above, as support to continue moving up. EMAs are still bearish, except 21 which is slightly curving up. Everything is planned on the chart, just waiting for price action confirmation. TP1 on previous swing high (75%) and rest (25%) if price can...
NFA, DYOR, just my view. If BTC and the market start to rebound, MATIC can pump a little in short term. Wait to break the upper line of this consolidation range and close the candle above it with RSI>50, and use 89 EMA as support for price growth. Everything else is on the chart. Look price action first. Have good luck.
Everything I see on my chart, for now, Sunday today, low volume, this could happen on Mon-Tue next week. We have bullish divergence on 4H timeframe on significant support, but 21-55-89 EMAs are lined perfectly, pointing down, expect the price to go up to test them as resistance, also downtrend line is near. If daily RSI stays negative, and upside breakout fails,...
Everything is on the chart. NFA, DYOR, do not risk what you can not afford to lose. Have good luck, traders.
Not financial advice, DYOR, everything on the chart from my perspective. Have a good luck.
Everything is on the chart. Do not follow my trades blindly, DYOR before risking your money, not financial advice, just my view of the current situation. Thanks, have a good luck. Entry: 1680-1730 SL: 1830 TP1: 1460 TP2: 1383 TP3: 1320