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Buysellline

ANKR 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. ANKR has a negative overall sentiment recently. I have the following price targets: ANKR/USDT short Entry Range: $0.033 - 0.039 Price Target 1: $0.030 Price Target 2: $0.028 Price Target 3: $0.024 Stop Loss: $0.045
Short
by BuySellMarketMaker
3
4hr gldncrss trajectory=September 9; Nearing inv h&s completionWe can see many positive signals here for the bulls on btcusd on both the 4 hour chart(shown here) and on the 1 day chart right now. On the 4hr we can see how price action has finally overcome the 4hr 200ma's resistance and we can also see that a 4hr golden cross is in the works with a current trajectory placing September 9th as the day of the cross. We can also see how both of the 2 current inverse head and shoulders in play(in pink and yellow) seem to now be completing their right shoulder as price action heads towards their respective necklines. Another big sign shown here for he bulls is that we are once again back above the ascending red neckline that belongs to a huge 3 day pattern bearish head and shoulders. This has been the 3rd consecutive time we have broken below it thats ended in a bear trap only increasing the probability of us breaking bullishly up from the 3day symmetrical triangle(in green). On the 1 day chart we also have the great bullish sign of closing our previous 1day candle back above the 1 day 50ma and the ascending red neckline(as well as two key horizontal resistances). All of this seems to suggest the bots, algos, and whales will likely try to at the very least finish painting he right shoulder on the charts before attempting any sort of bull trap fakeout dump of any kind to maximize liquidation. So I will wait until I see confirmation of either a breakout of the inv h&s pattern or confirmation of a fakeout bull trap to make my next move...even though I feel probability favors the bulls for now.
COINBASE:BTCUSD
by DrDovetail
Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
Long
by DrDovetail