Dogecoin needs to hold the current level, which has acted as an important support level in the past. Because of low volume, and overall market conditions, price needs to be above this support in order to move upwards. On the other hand, if this support doesn't hold, it might move towards lower levels. Buying volume is very low and MACD and signal lines are...
After recent market slump, uniswap is trying to recover and break the resistance 1 at around $28, in order to move towards next resistance level at about $34. It has tried to break resistance 1 two times previously, but failed and if it fails for the third time it might go lower and land on the 200 day EMA which might act as a support. However, 20 day EMA has...
After the recent market correction, Ethereum is looking to accumulate further holding the immediate support level. If it holds this support, it might move up towards immediate resistance level, and could keep moving up to break the next resistance at $3500. Bollinger Bands are showing a squeeze, which means an advance or a decline is possible. If the price is...
With every asset plummeting recently, link was no exception. After seeing good growth, the price went down more than 100% from it's ATH. What's next ? After a dip to $14, LINK has seen a good momentum and is trading at $32 price right now, which is also acting as an important level of support. We can also see that the Gann Fan level 1x1 has become a trendline...
Yesterday, markets saw a good correction, Ethereum went as low as $1850, but immediately bounced from there. Does that mean traders just "Bought the dip" Well, time will tell ! I have used a Gann Fan to draw trend lines on the chart. As we can clearly see the previous bullish trend was respecting the 45 degree line very well, and after achieving an ATH, because...
Bitcoin finds itself trading around the $44,000 levels, with the low of $42,000 since the weekly close. What does this mean? Bitcoin was due to have a correction one of these days, as it was extremely overextended for far too long, A lot of overleveraged positions got cleaned out to reset the funding rate across the board giving the buyers fuel to power another...
ETHUSDT analysis on 4H timeframe, with three EMA's 20, 50 and 200. These three EMA's have crossed over, which shows a bullish momentum. Ethereum achieved an ATH at $4370 recently. It has an immediate support level at about $4000 and if it holds this level, it's going to see another ATH soon. On the other hand, if this support breaks it could see a downward...
What is pyramid profiting ? When we add to our existing profitable positions, while managing risk properly, that's the way to pyramid profiting. Pyramid profiting is done when we see a healthy trend be it bullish or bearish. While bullish, we add to our existing longs, and vice versa for bearish. Basically, we are taking advantage of trends by adding to our...
LTCUSDT on 4H is looking to break the previous resistance level, where it is trading currently. If it is able to do that, it can see a good leg upwards and try to make a new ATH breaking the previous one. RSI is trying to visit the overbought zone for the third time in 3 days and it looks like, with good volume it will visit this zone and try to achieve $400...
So bitcoin is ranging between the red resistance box, and the yellow up trending support. What's next? Well quite simply, we either need a break above the $59,000 to continue our upwards momentum, or... we see a retrace down to $50,100 If we retrace we will need to hold that level to be able to remain in the bull trend. If that breaks, the drop could be...
In this analysis I am using two DEMA's, one is 9 period and the other is 26 period, in combination with MACD indicator. Uniswap, after achieving an ATH, is again unstoppable. It is going to test the previous resistance turned support at about $39, and if it holds, is going to see another ATH very soon. On the other hand, if this support breaks, it could visit...
ETHUSDT is trading inside the parallel channel, if we look at 4H candles. It's giving a short term bearish sign, and seems like testing the immediate support at $2450. If it holds this support level, for few candles, it might make another higher high at about $2758, also making a new ATH. On the other hand, if it fails to hold the immediate support level, it...
Is this the bounce we have all been waiting for? Bitcoin just bounced from a multi month support zone that has been forming since December, This is extremely bullish. A few things that we need to keep an eye on is the green line, this will act as heavy resistance. This zone is around $60,000 currently. And with every day that passes by, it gets higher and...
This is a 4HR analysis for ETHUSDT on Binance exchange. After making an ATH, Ethereum is experiencing selling pressure. It has already broken the local support at $2100, and the bullish bias looks to be on hold for now. If there are more sellers, with a good amount of volume, it might see a downward momentum and a chance for it till $1800's level. On the other...
The ABCD Let’s start this lesson with the simplest harmonic pattern. So what could be more basic than the good old ABC’s? Lets make it more fun and add an extra letter on the end, (because we are cool like that), So now we have the ABCD pattern! What is the ABCD Trading Pattern The ABCD pattern is an easy-to-identify chart pattern that consists of two...
What is the bump and run reversal? The bump and run reversal is both simple and effective. The bump and run reversal (or BARR) pattern indicates an existing trend’s reversal. This can occur on both short or long-term time frames. The Lead-In The gradual slope forms where price is rising or falling and forms a trend. The price increases at an average pace...
This analysis is based on weekly candles for BTCUSDT. Bitcoin has been doing pretty well lately, making higher highs and breaking it's own records week after week. If the price is able to hold $57k range for some more time, it could see another upward movement, targets for which are $75K or even $100k. On the other hand, if it breaks the immediate support, the...
So, BNB has finally crossed $600 mark within no time. It was just last week, when I wrote my previous analysis for BNB and it was trading at around $340 at that time. It has been climbing real fast. What now ? Is it a time for a pullback or do you see another leg up ? share your views In my opinion, RSI is overbought for the fifth time now, MACD and signal...