CCI is a momentum oscillator can be used to identify oversold/overbought and trend reversals. When the indicator reaches relative extreme level it becomes oversold or overbought, in this case, ADAUSD is overbought. Trend changes can be identified when CCI crosses a specific threshold between zero and 100. Historically, every time when the CCI indicator was below...
The last time ADA 's 20Day MA busted through the 50 and 100 Day Moving Averages, ADA reached new ATH. ADA has also bounced nicely off the 78.6% fib retracement and currently testing the 61.8% at $1.25. Watch fro the break above $1.25 on daily confirmation should another run.
Cup forming on the 6H. Neckline confluence with the long-term down trend resistance. Watch out for breakout.
ADA weekly is looking to bounce off long term support trend line. You can see it has touched and rejected this trend line multiple times since the start of the year. Still early to say as the week is only past the half way point, we are looking at the first green candle from over 5weeks now. Could this be the reversal ADA holders are looking for? MACD showing...
ASX.TEG Weekly showing very bullish divergence, OBV rising while the share price has declined.
Vection Technologies (asx.vr1) - XR/VR/AR Cup and Handle Pattern forming, the price target is taken from the depth of the cup and added from the top neckline of the cup. Price target shy of the all-time high back in October 2020. Watch for the break above 11.5c for confirmation.
ASIA is now trading above the 50day Moving Average and within the medium-term support zone. It is now forming a double bottom reversal pattern as ASIA for the last 9 months have been in a downtrend.
Using the Fibonacci Retracement I have identified several support zones. It is clear ETH has bounced off the mid-long term support zone several times back in May/June/July, which also coincides with the long-term trend. MACD indicates there is a short-term downward momentum which could see a correction ETH price to the short-term support zone which is the...
Zilliqa forming a beautiful Cup N Handle on the weekly. - Current resistance at $0.14 neckline - MACD looking to cross 0 baseline - potential bounce off the 50Week MA
ADA/USD pair potential double bottom in play. I wouldn't be surprised if we see a continuation of increased price action as we head towards the release of the smart contracts in September.
ASIA BETA ETF looking bullish, broken 100 Day Moving Average which is the confluence with the 62% fib retracement mid-term support. Inverse head and shoulders pattern completed and reversal confirmed.
ADA is testing critical support at the. 786 fib retracement around $1.32 which is the confluence with the long-term trend in green. Still holding within the long-term rising channel which may test the lower trend of the channel. One thing to note is the decreasing volume and falling price, this sometimes indicates weakness in the current trend and will probably...
COTI/USDT forming a long-term falling wedge pattern. Currently consolidating in the fib retracement support zone from the previous high to the previous low. Watch out for the potential bounce off the .786 support.
What do we have here? ADA/USDT MACD Crossover on the daily. Looking bullish.
ADAUSDT on the 30mins potential double bottom in play. ADA has retested and bounced off the 62% Fibonacci support level at $1.176. Needs to break the 38.2% resistance level at $1.296 to complete the double bottom play and create it as new support. ADA is expected to be 100% decentralized by the end of the month which could see it retest the all-time...
BNBUSDT on the 3hourly forming a symmetrical triangle, breakout imminent. I have applied a fib retrace and as you can see it is holding strong support on the 62% at $247 which has retested 3 times in the last week. A bullish symmetrical triangle is a bullish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in...
ADA on the 6 hourly. ADA is forming a descending wedge. In this case, the wedge is likely to be a continuation pattern (meaning the trend is likely to continue). For one, we have a strong trend up and the wedge does not form the trend but is rather just a consolidation showing ADA/USDT is pausing. Also, the price will typically breakout out in the opposite...
ASIA is holding and supported by the long-term trend and the 99 Day Moving Average. The recent move down is a healthy market correction. If this is to break the blue trendline, the next support is at the 62% fib retracement at $10.78.