mancochong

mancochong

BTC is showing signs of weakness on the weekly time frame and could see a down trend in the coming weeks. not financial advice

mancochong Updated 

BTC is forming a similar structure to the new schematic of the accumulation phase. The schematic shows the decrease in sellers would result in shorter down waves. Not financial advice.

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It can be interpreted that BTC is showing a Hidden Bearish Divergence, which could result in a retest of the 29,000 - 30,000 price level before it goes back up. Not financial advice.

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Link is currently trading on a major trend line. If it closes below the trend line, expect high selling volume. If it holds, buy on the bounce. Not financial advice.

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ETH can be seen to be forming a bearish pennant, together with a hidden bearish divergence. If it breaks down of the bearish pennant, the price of ETH could reach around 700. Not financial advice.

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BTC can be seen forming a bullish divergence which could result in an increase in price in the coming few weeks. A trend reversal to the upside may happen soon. Not financial advice.

mancochong

BTC retested its trend line and is looking likely to close the month above the EMA 50. It can also be seen from the charts that BTC is forming a hidden bullish divergence as the price shows an upward trend, while the RSI shows a downward trend. The high volume also supports this bounce as there is a high demand for BTC below the $20k price levels.

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MTV is breaking out of the descending triangle in the 1H chart (NFA)

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MATIC is currently at a major resistance and must hold the 2.457 level to create a new ATH.

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SOL is currently breaking down from its rising wedge and could retest a major trendline before continuing its run to the upside. Buy areas would be at the 170-185 level (not financial advice).

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SHIB is currently breaking out of the descending triangle and is supported by EMA 50. Based on Fibonacci, the potential price to reach before a big retracement is at the 0.0009 - 0.001 levels. It can also be seen from the MACD that sellers are slowly losing momentum (not financial advice).

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AVAX is creating a rising wedge with a bearish divergence. This could lead to a retracement if the RSI does not break out of the downtrend. Possible buy-back levels: 76-80, 60-65. (not financial advice)

mancochong Updated 

BTC is forming a bearish divergence and may see a retest of the 53000-55000 levels in the coming days if the rising wedge does not hold (not financial advice).

mancochong Updated 

Sylo forming a descending triangle with a chance to breakout in the coming days/weeks, and a potential upside of 400%-500% (Not financial advice)

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MOVR may breakout of the ascending triangle to the upside in the coming days (not financial advice).

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MTV is creating a rising wedge pattern together with a bearish divergence, which could indicate a short term bearish move. May retest 0.011 levels (not financial advice)

mancochong Updated 

XPR may break out of the triangle within the week. Potential upside of 170% (not financial advice)

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FTM is due for a correction as it reaches the end of its Elliot wave pattern. It is also forming a rising wedge with a bearish divergence, which could allow it to retest its support before continuing its run to the upside (not financial advice).