Price - 223-225$. A good price to long ETH with low leverage for a higher time frame. Reason- Retested 223$ resistance turned support. - Overall Bullish Bias. -About to get out Cloud. Kijun(Cherry line) is acting like a resistance. Bullish Kumo twist (future cloud is green). Already had a bullish TK cross. ...
So BTC is again facing strong resistance of 11800 (orange line) and purple horizontal line. On the bottom we have a strong support around 11.1k from fib .382, pink trend line and the other horizontal line.And a okayish support at fib .236 Directional Bias is still bullish unless it break those. But again breaking 11800 is unlikely for a little while. Possible...
In my last signal as I said we need consolidation before moving up. I think in 1 hour chart we have found enough which can trigger a move upwards. Because all this time btc didn't move downwards significantly. RSI has come again to 52 in H1. We may wanna tighten our stop loss as in if we placed a short at 11800, a stop loss at 11775 would be better. We are still...
Shorting would be better than going long right now. Risk to reward ratio is too high in Long.
Here is a good signal for bulls. But other indicators still are a bit bearish.
Strong Resistance from fib and 2 trendlines. Placing a long right now won't be a good idea. Wait for a breakout for a long.
Green volume candles are getting shorter and shorter while red are somehow maintaining themselves. Continuous bouncing off from 9K level might have decreased the bulls in that range. We may be touching the other end of Kumo soon and hence breaking the resistances. A change in trend might happen if price closes above EMA50. Till then bearish.
Entry price = 216.12$ SL = 219.15$ Target = 209.75
The sudden drop in BTC has broken the .5fib level and is in support zone now. This can be a fake breakout but is highly unlikely to see a trend change from here onwards. I am overall bearish 1) RSI is still far above from being oversold. 2) Bearish TK cross ( Blue line crossing the Cherry line from above) when we are already below the cloud. Kijun(cherry line) is...