Well ETH is not currently at any strong support level but in short term price holding this zone and a falling wadge breakout happened so taking a long position here, target is low time frame supply area (red box) and POC line. Will recommend not to use very high leverage at this point and use 2% or 3% stop loss must must and must. DYOR.
Probably this should be the local bottom for now. All the stop losses hunted who bought at support and place SL below s/r level, taking off all the liquidity at 36.6k to 38k as daily Demand, POC line and fibs levels are there. If we go more lower unfortunately 30k support what I'm seeing. 🥲
Whoever selling, don't fear and please give me this. 🥺
Answer is I don't know! 😐 But Only one thing i know is, it's always a better option to leave the choppy market alone. Anyway for now i have 2 view on BTC chart. Currently it's trading in a mini channel if it breaks bellow next is 48k or 44k. If it goes upside and break this mini bull flag then we can see a rally towards 64k. (Not financial advice at all, DYOR please)
Atom/Usdt finally broke the long accumulation phase but its currently trading below the S/R(red line) level and holding Daily Demand zone and UpTrendline. Expecting price will hold this demand zone and UpTrendline. Then we can see an upward rally soon. Invalidation at $20.60. (It's not a financial advice. Before trade anyone's idea always do your own research first.)
Bitcoin a simple but high volatile road. 3 target in short view for now.
Alt season: likely to be postponed for a few weeks in my opinion. 👀
I don’t want to share ideas about Bitcoin because there are so many ideas here. But after looking at dozens of bearish charts just saying I'm still bullish on BITCOIN. I can be wrong because I know bitcoin will proof me wrong. Call me crazy or hope trader, Still looking for 11.2k target. 🤦 Don't forget to share your ideas. Happy Trading. (Also this is not...
Dusk/Btc expecting something like this if 250-260 satoshi hold as support.
If ATOM price reject to break SUPPORT line and hold this 25500 satoshi level then we can see a Breakout of trendline and super gain in upcoming month.
Fantom/Bitcoin chart looking juicy to me. If price reject to break ascending trendline and 21 SMA (yellow line) and bounce from S/R 57/58 satoshi then aiming for a continuation towards 71/81/91 satoshi.
WRX/BTC broke the descending trendline and now its coming downside for a breakout retest. If 1550 satoshi S/R level reject to break and bounce then we can see continuation towards 1750 and 2000 satoshi.
EOS/BTC sitting at 28000 to 29000 range. Which is preparing for a run. An ideal buy can be possible around 26000 to 27000 after price reclaim previous low. Or another buy can be possible after descending trendline Breakout and at the retest point around 28000 to 29000 with tight Stop Loss. EOS can give us 20% to 40% profit near future.
On the H4 chart ETH/USD showing a potential triangle. Expecting to breakdown for re-enter on SHORT. If the upper trend line break up this analysis would be invalid. Don't forget to share your view or opinions. Happy Trading.