3100$ level is the confluence of many factors: - The intersect of 2 MA lines (MA 89 in yellow and MA 200 in blue) - Key level of the wig at the price 3101 (purple line) - RSI is rising to retest the red dash trend line, whose breakout caused the latest dip to 17xx$ Plus, the Bitcoin Dominance is also rising. I expect to go short at the 3100 level WHEN I SEE A...
1. BTC increased from 12k to over 40k with a strong, increasing and healthy volume. Yet its 2nd increase from 27k to over 60k was accompanied with a decrease in volume. From that, we can also observe abearish divergence shown in RSI and the price (black arrows) 2. The red line support on RSI was broken down with a huge volume (blue ellipses) then the price went...
KAVA has established a cup and handle pattern where the latest candle has broken up the triangle flag which is also the blue OB that made the little downward previously (the handle), especially with a huge volume. So my plan is to go long KAVA/USDT when it goes back to the blue OB which is near the triangle line which is also around from 0.382-0.5 fibonacci of the...
BTC has broken the black trendline and is now retesting it. The area it broke the trendline also has an OB to support it now so we can go long it from here with the stoploss below the OB
ZEC is showing a breakout from its trend line together with a break upon MA89 (confirmed by high volume). You can long now or wait for it to close the 4h candle and enter at the retest on the trendline
LUNABTC is really bullish, the RR ratio is attractive. Trade now on KuCoin.