BTC/USD(1 day) chart study
Bitcoin is still above .5 fib level in the correction/fud period.
It is still following its long-term uptrend path.
BTC facing resistance at .38 fib level currently.
MACD showing signs of trend reversal.
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TRX/BTC chart analysis
Trx retraced to 0.6 fib and sitting on its support level
currently. if it didnt break its support at0.6 fib
then we can expect it to bounce again to 0.38 fib (first resistance).
TRX/BTC chart analysis
Trx retraced to 0.6 fib and sitting on its support level
currently. if it didnt break its support at0.6 fib
then we can expect it to bounce again to 0.38 fib (first resistance).
Eth broke its uptrend 1 and now following uptrend 2.
major resistance at 0.09 is also turning into support now.
Volume is also rising dramatically. MACD also suggests rise
of the market again .
Adex seem to have broken its downtrend after bouncing off
from its 2nd support line.
Volume also appears to be rising in 2hrs chart.
buy zone around 18k satoshis.
Adex seem to have broken its downtrend after bouncing off
from its 2nd support line.
Volume also appears to be rising in 2hrs chart.
buy zone around 19k satoshis.
Adex/ BTC chart Analysis:
Adex brokes its support at around 14000 sat
and trending down. Adex has a major major support
at around 4500 sat. So we can expect it to bounce
back from that support in case it falls below 5000 sat.
Therefore in our BUY ZONE we have higher probability
of making profit right now. Below are the two cases,
1. Adex fall below 5000 : We...
BTC is showing breakout signals. so wait for the next two
candles after the breakout to confirm the trend.
Case 1 : If it goes down, then we should prevent it to break
support at 0.5 fib to keep uptrend or else we dip again.
Case 2 : if it goes up, then it should break resistance at .5 fib
to confirm long uptrend for ATH.
Adex seems to find its bottom @14500 sat.
MACD is suggesting trend reversal in 15 min chart and
Volume also moving upward.
Expecting an uptrend uptill 0.5 fib before facing first resistance.
In case of Downtrend next support seems to be around 9000 sat.
