Regardless of what we've all been expecting for BTC over the past 30days, the past 30days has shown us nothing more than a consolidating market. A break towards 53k (Closing above + continuation) would show a greater chance for our beloved coin to resume its bull run. for now its safe to say we are neither in a bull or bear trap. Just a very long ( over 30days)...
BNB looks like its about to make a move towards it former ATH and beat its ATH Like BTC, BNB has yet to achieve this feat. its only a matter of time. For this analysis its best to focus on the HTF to see what's to come. 1) Looking back BNB makes a double top A & B, sadly it couldnt break that zone hence the double top, followed by a rejection in that Area....
1)Price breaks the 57700 region on 1Hrs "S/R Zone" 2)Next zone located at 56600 range (Not major but best to identify just incase) 3)If price rejects this zone it would retest the 57700+ zone and back to 57600+ zone 4) if the following above pulls through it could also reject the 57600+ zones and back up to 58000+ zones 5) This could mark a continuation back to...
Looking at the charts, 1) RARE broke the first channel to hit 2.3 2) It reject that zone back to 1.66 3) Rejecting 1.66 back to 2.3 a second time 4) Rejected that Zone again but only went as far as 1.827 (Support zone + Channel range) 5) Forms a bullish engulfing candle at that zone and continue upwards to 2 6) Next zones are 2.1 and 2.3 on 4hrs chart 7)...
Rare is going to pump, its about the time? Rare is going to pump, its about the time? Rare is going to pump, its about the time? Rare is going to pump, its about the time?
Not much to say about the movement. Total market is in a current retest. this only shows a possible bullish outcome. Bullish trend would only take place if price maintains movement with in the channel. if price breaks the channel, we are looking at a retest within the lower levels.
formed HnS H4 ... following market structure 1755 would be the major decider ... once it hits that zone, it would retrace back to 1762 before it makes its final decision down to 1755. Golds movements follow a large momentum. this drop to 1740 could happen in a flash.
Based on the movement of tron we can see an uncommon consolidation between 0.021405 and 0.02800. Its currently entering a bull stage (Bullish engulfing candle 25th and 26th April 2019) till it hits around 0.025644. at this price (0.025644), market forces would decide if the bull would continue its momentum or if it'll retrace back to around 0.024231 (decision...
Still have about 40 pips till exhaustion. buyers rules!!!
Based on the current movement of the market, the trend is slowly moving at a bearish momentum
Any break at 1.1147 or 1.1067 would determine the exact direction market would take.
Basic as always, analysis is strictly technical, doesn't factor in news events. Trends and candle movements have been explained as well as why its currently bull. View chart for comments
Crude is still quite bullish, there might be some retracement which cant be determined at this moment but the overall trend remains bullish