Volume is one of the strongest indicator and can help you clear any doubts. Ethereum Classic (ETCUSD) hit a higher low compared to June (5 months ago) but how to know if it will recover here or continue lower? Here we use the volume indicator. Notice how trading volume continues to diminish, it goes lower and lower. That's your signal. It means the current...
Back in July 2021 Fantom hit bottom vs Tether (FTMUSDT). This bottom was marked by a hammer candlestick and what followed was a 2,180% bullish wave. This wave lasted 98 days. The bear market started right after and has been going for 434 days. A huge 95% correction (-95.29%) from the All-Time High... If the low is confirmed at 21-November-2022, then the total...
It is possible that MANAUSDT (Decentraland) hit bottom after dropping 95% in value from its All-Time High. The weekly RSI is at its lowest level ever and continues moving lower. The current price hit its lowest level since February 2021. Altcoins tend to correct between and 90-98% in bear markets so this one is very likely done. We are seeing altcoin after...
This one is looking pretty strong in the past few days. Looks like we will have a very nice bullish-crypto-weekend this week. Fetch.AI (FETUSDT) has gone above EMA50, 5 days closing green, a strong RSI and really high volume. We had a lower low 22-Nov. but bear volume was really low. While the bull volume continues to be predominant in this chart. The easy...
In the past we would have the USDT pairs and BTC pairs print completely different charts, they would also move inverse to each other. When USDT pairs went bullish, BTC pairs went bearish and vice-versa. This isn't the case right now and that is why we need to open ourselves to new possibilities, change, different types of scenarios. Here we have the BTC pairing...
We will know look at potential targets for the AGIXBTC (SingularityNET) altcoin trading pair. This week AGIXBTC is moving above EMA50, which opens the door for additional growth in the midterm. The first target is set at 89% or the 1.618 Fib. extension, this level was already hit in October 2022. Since we have higher lows after this level was hit, we can aim...
Ethereum Chart Analysis:- Ethereum (ETH) is currently trading at TSE:1841 and looks bearish in the high timeframe (8H). There is a potential formation of a head and shoulders pattern that may suggest a price target of HKEX:1500 in the coming weeks. Investors should keep an eye on the HKEX:1830 level, which could potentially act as a support level before a...
#Bitcoin Update: Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at $28k, the cryptocurrency experienced a sharp fall towards the FWB:27K level. With not much bullish strength in sight, we are now expecting a move towards $26k in the coming weeks. That being said, it's important to keep an eye on the charts...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Decent case for an impulse up. Move down could go a couple ways, so waiting for a bit of clarity. Some nice reactive levels to watch in the meantime. Cheers!
Traders, Arbitrum is hot. And for good reasons. That is why I have added it to my trade list. If we touch that orange area I will be entering and holding till we hit $2.22. Stew
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Got some precise hits on levels identified! Played the levels pretty nicely. Will be looking to play off of them again. Pierced a big level and bounced back up. Good look for the bull doges, atm! Cheers!
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Got some grindage on the PF! But could not get above and hold $.52. Some confluence for a turn here! I would like to see it touch the $.42 for a retest. A break below, would watch for a flip. Cheers!
#Bitcoin Update: Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at $28k, the cryptocurrency experienced a sharp fall toward the FWB:27K level. With not much bullish strength in sight, we are now expecting a move toward $26k in the coming weeks. That being said, it's important to keep an eye on the charts and...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Its got some Elliott wave flat characteristic, but have to wait for the C wave to know for sure... Flats usually happen after or before extended waves so would be an nice pattern to trade, if it plays out. Cheers!
We have a great support. UOS throwback on support. App go out after tomorrow. Maybe nice to get somes pieces of UOS.
SOL/USDT Technical Analysis: Bullish Long-Term Potential, but Short-Term Resistance Ahead Key Takeaways: SOL/USDT is currently trading at $21.75, 175% up from its recent bottom. An inverse head and shoulder pattern's neckline resistance has been broken, but a recent bearish close warrants caution. The key level to watch is HKEX:25 , as a break above this...
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. BNBUSDT aka Binance coin has a nasty history of pumps and dumps. In the past, the King of Pump & Dump use to be XRP. But lately, it...
Traders, Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can. Stew