ADA is in dip of 2021 channel and lower of RSI , I think cardano was oversold in last month. There is good opportunity to get profits from bouncing up from dip of channel in JAN 2022.
in daily chart 1.5 $ is a firm support. first target is 1.90 $ then 2.3 $ .
compound wide channel in daily : dynamic resistance line was broken and retest, also price is testing longtime support line , potential profit in long position:
Entry : 296
SL: 198
TP 1 : 400
TP 2 : 500
TP 3 : 600
After 2021 ATH, I think correction waves completed and price is in a critical zone. now BTC has two option, once price break the 29k support downward and we can see reversal major trend and bullish trend of the year will be over at least in 2021, if bulls support BTC here price can make a range market.
After price supported in buy zone , in 4h chart there is a bullish divergence and absolutely bulls are in lower side of channel ,therefore upward is the direction of next movement
According to ON CHAIN DATA , outflow from exchange increased in recent last days and Net flow was negative. I THINK BTC has a major support at 32K and price will bounce from this level . actually we are in a range market now with high market volume in 32k-36k prices .I guess whales are buying and there is not too much fear for sell in these level.
Descending channel was broken after 78% retracement from ATH, and top of channel tested. now in bullish triangle , waiting for break and looking for targets and may be new ATH
EMA50 daily has a powerful support for bitcoin price actions in recent bullish rally. price bounced 3 times in previous corrections and made a higher high. after breakdown of ascending triangle, now price is NEAR EMA50 daily. if daily candle close below the EMA50, downtrend target is EMA100 AND a major dynamic support line as marked on the chart.
Enjin coin after 61.8% fib retracement from ATH , made a major pivot an retest the support line. I am waiting for a bullish candle for TRUE breaking the resistance line.
targets are clear in the chart.
