Price broke throguht down trend line but it is currently at a previous support that should act as a resistance now. Most likely price action would be to visit back ATL at 0,1 USDT. Shorts would get confirmation of this target if price fell below 0,145 USDT. If 0,145 USDT stands and price manages to break the current resistance level, expect a retest of the area...
After the strong breakout above the trend line that ocurred in late October 2022, price action has been quite weak. Price was rejected at key level 0,15 USDT and after the pullback, it failed to make new higher highs, and printed a higher low below 0,11 USDT resistance. Such mixed signals point towards a range of consolidation to be the main scenario until...
Price managed to break clearly above 60 USDT and it has been consolidating the breakout for the last weeks. Most likely scenario is bullish (1), with the upper band of the channel projecting GMX above 200 USDT. In the short term, keep an eye on 58,31 USDT level as it could activate the bearish scenario (2) if it was lost and significant volume was printed below it.
After the downtrend being broken on Jan 24th, the upside move was able to penetrate the closest relevant level (4,08 USDT-4,32USDT) although it could not hold it. Such short term weakness leaves a clear path down towards 3,13/3,30 USDT level. 3,46 USDT will be a key level to hold for bulls as it would open the possibility of having HHs and HLs. 5,5 USDT is...
Price could not break down trend line and most likely price action would be to visit back the range between 1,6 and 1,84 USDT. Wait for confirmation below 2,39. If 2,39 stands and price manages to break the upper trend line, target would be between 3,94 and 4,6 USDT.
APT Trend remains strong. No weakness signals this far although it is quite overbought. Eyes on the accelerated trendline to find out whether the momentum is still up and going. If price holds the trend line, we will continue to make new ATH. In case accelerated trendline failed, wait for 8,22-8,55 USDT area and seek for a reaction in the level. If the trend...
Price has reached a long term down trend line with barely non-stop price action in the last weeks. Price is not expected to break the trend line without previously revisiting the 0,2 - 0,165 USDT zone. If it managed to break the trend line, expect a retest to 0,2 USDT and a further attack to the 0,49-0,62 USD area.
BINANCE:INJUSDT has seen an explosive move upwards. Accelerated downtrend line (orange line) was broken and leaves still around 15% of upside until the next big resistance is reached. Normally, we would expect price to retrace after reaching 3,05-3,75 USDT area as the main down trend is still active. Longs make sense only once the down trend line is broken...
Holding the area between 5,25-5,44 USD is key in the short term. If that level and/or the trendline holds, there is room for further upside based on current momentum. Keep an eye also on RSI trendline to seek for an advanced signal. Should that level be lost, expect price to test the range between 4,21-4,41 USD.
Apparently I received a call from a broker today who insited on me buying this CDE stock at 3.48 USD (price they expect to get during today's session). This company is supposed to have just signed an important contract that will make the price go to 5 or even 6 USD within 3 months. Maximum loss they expect is 15%. Apparently more than 30 analysts from this...