Buysellindicator
Stellar XLM Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
XLM/USDT short
Entry Range: $0.110 - 120
Price Target 1: $0.098
Price Target 2: $0.0.092
Price Target 3: $0.080
Stop Loss: $0.129
Golem GLM Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Golem GLM has a negative overall sentiment recently.
I have the following price targets:
GLM/USDT short
Entry Range: $0.21 - 0.26
Price Target 1: $0.19
Price Target 2: $0.166
Price Target 3: $0.149
Stop Loss: $0.285
Celer Network CELR bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Celer Network CELR has a negative overall sentiment recently.
I have the following price targets:
CELR/USDT short
Entry Range: $0.015 - 0.019
Price Target 1: $0.013
Price Target 2: $0.011
Price Target 3: $0.009
Stop Loss: $0.021
BNB Binance Coin bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
BNB Binance Coin has a negative overall sentiment recently.
I have the following price targets:
BNB/USDT
Entry Range: $270 - 285
Price Target 1: $250
Price Target 2: $229
Price Target 3: $203
Stop Loss: $310
ApeCoin APE bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ApeCoin APE is a cypto with a negative overall sentiment recently.
I have the following price targets:
APE/USDT short
Entry Range: $4.70 - 5.10
Price Target 1: $4.20
Price Target 2: $3.50
Price Target 3: $3.10
Stop Loss: $5.90
ATOM bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ATOM is a cypto with a negative overall sentiment recently.
I have the following price targets:
ATOM/USDT
Entry Range: $11.40 - 12.10
Price Target 1: $10.45
Price Target 2: $9.65
Price Target 3: $8.80
Stop Loss: $13.40
ETH Long Continues to Print!Our ETH long prediction has been playing out perfectly these past couple of days! Yesterday I mentioned my thoughts on ETH climbing to 1430 and that has not changed.
Looking at the 8hr chart, we can see ETH has had a strong bounce off of the 1040 area (major support) and BROKE through our micro resistance of 1165 (which I believe we'll test again as support before retesting the 1220-1270 level). I believe we'll break through the 1220-1270 level within the next week and retest it as support (this will coincide with our Stoch RSI reaching the 100 level and cooling down for a few days) before finally reaching our target of 1430.
There's been a lot of volatility in the market so it may not play out exactly as predicted but my narrative has shifted to a more bullish stance for crypto the past few weeks but I will continue to look for great setups both ways.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment below or send me a DM :)
ETH Holding Support!So far ETH has been respecting our S/R lines to a tee on the 8h chart and continues to trade in a channel. Currently I'm in a long on ETH from the 1040 area due to a few reasons:
1. ETH has major support near the 1040 area since June 14th
2. The Stoch RSI was extremely oversold and is now starting to curve to the upside
3. There's not much resistance until 1165, 1250, and 1430
Based off of our current price action, I'm expecting ETH to continue higher until we get to our micro resistance of 1165 then consolidate for a few days because attempting the push past the major resistance of 1230-1270 (red shaded area). Once we get past those levels, then it's clear skies to 1430 (our next major resistance). If we break down from 1040, our bearish targets are 950 and 880 (orange lines). I'm expecting those to hold and would be perfect levels to DCA if we have another capitulation event.
If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a DM :)