paper_Trader1775
PlusIf we can get some HH and HL from 40.54 price area on a lower timeframes like the hour maybe, the next few weeks or days we can possibly get a Golden Cross with the 50 EMA in blue crossing over the 200 EMA in Orange and even better some upward movement with in upward channel.
Price is currently testing a downward trendline and possibly forming and Head and Shoulders at the trendline. The Bulls need to push price above the 21 EMA( in yellow 0.22378$) to avoid a highly probable bearish movement.
Bulls need price to show some bullish action on the 226 support level. We have a nice EMA stack 21 yellow 50 blue and 200 orange. If we do not hold the support at 226 we can test one of those EMA's, or one of the key levels under price.
SMR on the 3 Day chart is at the support of a parallel channel and in a Demand Zone, but is that enough? It is also hovering under the 21 EMA(in yellow). If price fails there we have a 50EMA(in blue) close to a key level 31.26 that may possibly be the next price target. Price needs to break from the Demand Zone and the 21 EMA(37.76) if that happens possible price...
On the 3D chart Price appears to be in a Fallen Wedge. Volume appears to be drying up. Stochastic RSI is oversold. RSI is under 50. We need prices to make HH and HL from the 12.40 price area then clear 14.00 for bullish activity.
It seems on the 3 DAY chart price was cycling up in the parallel channel but faced rejection at the midpoint. Price needs to make HH and HL from 21EMA(in yellow) 0.21448 area and clear the midpoint (the 24 cents) area to cycle back to the top of the channel; if not price can drop to the 19 cents region(200 EMA) in orange.
Bulls had a sever break of structure of the upward parallel channel and a big drop with no retest. If bulls don't support the .22 cents area price can drop to the 21 cents area.
BTC is clinging to the 21EMA(in yellow) on the 3D chart. If it fails the 21 EMA 114,258.69$ price area, we can see 110K$ price area.
It seems that DOGE tested the the 200 EMA in orange and passed and we are waiting for price to close above the 50 EMA in blue, and hopefully price can cycle through the resistance and move upward in the channel. Price needs to clear 0.23449 the 50 EMA and then 0.23578 resistance.
DOGE on the 15 min chart is forming and ascending triangle. With a strong resistance around 0.23578. Please observe Chart for key levels.
It seems BTC tested the midpoint of the upward parallel channel and it's all time high. It briefly made a new all time high but return back to the value zone and 21 EMA. If price fails structure, bulls may see low 115K price has next target. If we get some bullish activity we might see 120K but bulls need to clear 120K to hopefully make another all time high.
Bulls need price to break above the downward trend line and also break out above the consolidation in the black box. If that happens price next target will be in the 24 cents area.
Double bottom forming on support of upward parallel Channel, Bulls need a clear break from the 21 EMA in yellow ( 0.23184).
Doge is in an upward parallel channel. It must maintain structure and price must close inside the channel; price recently tapped the 200 EMA and is currently hovering around the support of the channel. There is also a strong bearish RSI divergence.
If the Bulls can keep price above 120K and maintain the channel structure or have a bullish breakout the RSI divergence threat will be of no worry. Please see chart for key levels.
Price has recently touched a Demand Zone. Price is right under the 50 EMA. Will price return to the 40$ price range or will the sellers/shorters bring price down to the 35$ price area? If price can claim the 50 EMA and make Higher Highs and Higher Lows, the bulls can say this is just a pull back.
Bears marched on below the 50 EMA and the midpoint of the parallel channel. Bulls had hope with some consolidation around the 50 EMA, but the bears carried out the bearish MACD(Chris Moody) cross over. Now price is testing a hypothetical trendline which has been solid from April 22 2024, which is also the support of the parallel channel. Bulls need to reclaim...
BTC has a nice EMA line up 10 21 50 200 EMA. However it seems to be facing resistance around it's all time high where it wicked up the 123K area. If resistance forms around here we might have consolidation in the form of an ascending triangle. Also, in the hypothetical ascending parallel channel; price has reached the midpoint. A pullback and consolidation is...