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ONE/USDT Update: Second entry was triggered. What's next?The whole market just experiences a dip. These kind of dips are nothing special and happen frequently. It triggered our second entry point. Currently .1$ seems to be the new floor but this is not entirely confirmed yet. We first have to look how the market reacts next week. Another bearish entry is shown around .06$. The volume decreases for several days now which is a bearish sign. We can draw a parallel channel that shows us the short term trading range. Let's see if the old resistance around .1$ can hold. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
2
ADA/USDT Update: Looking for an upper breakoutADA longterm is one of the most bullish coins and ecosystem around there. However, currently updates are delayed and we look at a bearish divergence considering the volume and price action. So be carefull. It could breakout on the upside but it also could fail and print a bigger drop. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
The BTC chart nobody wants to see right nowAs a turbo bull myself, im staring at this thinking, how many monthly candles of vertical pump can we expect before it tips over and corrects itself? Honestly. If we look at volume we can see its clearly slowing down, meaning most people are already bought in and hodling and the influx of fresh buyers arent enough to sustain these prices. Most rich people/companies that come in dont buy spot price on your average exchange, they are buying over the counter and are handed btc instead of going through order flow. OBV is also showing lower high's (so far) Lets also hope that the DXY doesnt show a pump trend from this wedge(which usually is inverse correlated to commodities) For this pump to continue we need to see april candle breaking previous high and sustaining it, we need increasing volume coming in from buyers or I actually think this will start to go down abit. Fib target puts us at 29-40k area, where January peak volume is also around that area so its more probable that it should hold. So "worst" case scenario is 30-40k but still bullish bias.
BITFINEX:BTCUSD
by confirmationbias
1