After a breakdown from the trendline we can see that the price was caught by major support which was solidified by an bullish engulfing daily candle. Right now it's testing key resistance, we can either see price take a breather down to .618 level around $23000 or we break the pink resistance line and go up to 1.618 level or $26000 Also RSI has broken its 29d...
Watching the daily chart on SANDUSD I can see that it broke out of a bullish pennant and the 1.618 level of fib. Currently the price is retracing from the big green break out candle. It's possible that price comes back below the 1.618 fib or lower to retest the previous resistance. 2.618 of fib or $1.035 is the next major resistance level to look at. If that...
I see a Bull Flag breakout forming in the Daily chart of AXSUSDT. Bull flags are usually a continuation pattern but I'm waiting on next daily candle close above the resistance to confirm the bullish breakout. The volume is increasing with it so it's possible to continue the bull trend it started. Both my take profits are shown which are major resistance zones.
This is the daily ETHUSDT chart I see that the descending channel or falling parallel channel has been broken out to the up side. When the resistance at $1359 was broken we saw the price shoot up to the next key resistance level at $1654. Currently price is consolidating and forming a bullish pennant pattern. Waiting to see if it breaks up or down. If it...
I can see a broadening wedge. This pattern is usually a bearish reversal pattern. It is possible we see ETH price to go down and retest the orange box support. If it holds above the box it could be a good accumulation range. The dotted white line is the nearest support if that breaks the next support is bottom of the wedge. Since this is a bearish pattern I am...
As shown in my chart ETHUSD broke below the descending triangle. The target price is the length from the top the triangle or ATH up to the first local bottom at around $2,500 If the pattern continues to fulfill itself we could potentially see a bottom of $650 - $200 (within the orange box) Let us see. We need to break the $1000 psychological level first going to...
I see the previous pattern formed a bull flag then price increased to 4.8k. I am seeing another similar bull flag pattern. I think price can consolidate within 4-4.2k to test resistance. We can see a possible run up in price if resistance at 4-4.4k is broken. Still hoping for 10k ETH
I see BTC currently at its last crucial support around 45k. If we see this break down we can see 40k-37k as the next major support. RSI historically shows that the bounce from over sold levels are followed by an increase in price. RSI major support at 16.2 There's a lot of FUD in the market so be careful in taking high leveraged positions.
After breaking down from the rising wedge we see it retest the bottom of the wedge and failed. The target for this break out is the bottom of the wedge at around 48k-47.7k usd. Currently it's testing support. Possibly to see a bounce here and continue the downtrend to 48k. If it bounce from here we can possibly see a retest at 58.5k and consolidate within the...