Maker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Price broke above $1,350 resistance, where it got rejected in August, which signals continuation of Uptrend. Now it’s pulled back to that $1,350 level, which could be an attractive swing...
There have been many people calling for a sub $20,000 Bitcoin and the start of a new multi-year bear market? I do not believe that will be the likely scenario considering we have already crashed and the major selloffs have already happened. I highlighted the 3 most major sell of volume sticks since 2017. It has been clear this period has been turning out to be a...
Hi guys! 👋🏻 🔔 Ethereum is testing the previous ATH as support, bullish sign. 🔔 The scarcity of Ethereum taking into account the fact that the DeFi demand of ETH is high will push Ethereum higher. Breakout from this triangle is a good signal of that next Ethereum bullish run. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for...
Right now OXTBTC, Orchid, is trading above EMA100 on the daily timeframe. EMA100 is the blue line on the chart. This is a strong resistance level that is now being challenged. If OXTBTC closes above 0.00001247 (EMA100) today, we can expect higher prices as marked by the green arrows. EMA50/10 (light blue area on the chart) works as support. This is a...
Hello and welcome to my Trade Idea of the currency pair XRP/USD. Lets start with the Top Down Analysis. Weekly: Weekly is bearish with a huge bearish candle in the past weeks. On this timeframe we also find the strong weekly support Daily: On the daily timeframe we see bearish momentum. H4: On H4 we draw the trendline and expect a fall to the lows. Have...
We have a bearish possibility for Ethereum. after (b)-wave it seems that we have a diagonal which could be leading diagonal ( first wave of an impulse) or ending diagonal ( (c)-wave). If we assume the second possibility, then we should have a close look to the 167.49 level which is the end of the ((i))-wave( note: wave ((iv)) can't reach to the territory of wave...
Shorting it. Looks like the market is going to retrace. Target looks to be a double-bottom, possibly lower. 4H Stoch is overbought. Rising Wedge.
1 day view of ADA/ETH. Massive upswing in volume accompanying the second breakout above a short-term uptrend. This all comes after ADA fended off the bears well before the recent uptick in the rest of the alt market, too. Just look at the volume in the recent spikes compared to the earlier ATH. I'm going long here, see you at the next stop. This is for...