What is happening to BTC / imminent DROP ?????? let me tell yaBTC is not looking any good.
We see a descending triangle + head and shoulders pattern (yellow line).
I am NOT expecting BTC to go further below the 58k level since this has proven to be a strong support level.
If the 58k level gets broken and a daily candle closes under that level - the bullish run would be in DANGER and things will look very bad.
Stay tuned.
DROP
What is happening to BAKE - BAKERYSWAP ?????? let me tell yaBake did surprisingly not surpass the previous resistance level at 2.10 USD.
I see this however as a great buy-in change.
Bake is currently struggling at the support level of 1.85 USD.
I see two ways this is going:
1) (green line) BAKE will bounce for a while at the current 1.85 USD level and then continue the run towards the upside.
2) (red line) WORST CASE: Bake will touch the support levels of 1.70 USD again to then continue the route to the moon.
BAKE is a great DeFi and NFT project based on the Binance Smart Chain.
I will definitely wait for a further dump and buy-in!
Cheers.
Downward GOLD RUSH!We've reached a major pull back point on GOLD, after some consolidation earlier today a drop was imminent as we started to loose upward momentum. If you missed the previous drop/rise today or got blown out from the spike, here's your chance to recover/profit. I'm expecting GOLD to make it's way down to the 1750 area in the coming days with minimal pull back. If the candles can break down past the 200 EMA line it should be a nice ride down. Take notice that the upward spike earlier was after a touch on the 200 EMA.
ADA Bearish.Hello everybody, today is Monday and Cardano is not looking great yet.
I am expecting ADA to go even lower than the actual level hitting 1.9ish during the week.
I would not suggest any of you to buy now, I noticed a lot of influences and pages are pushing people to buy the "dip" when the actual dip is not here yet.
This is my personal opinion, do not trade nor invest based on somebody's opinion.
Thank you for viewing this post ! Have a fantastic trading week.
Incoming potential Avalanche (CHFJPY)Since price has been failing to break and make new highs
I forsee an avalanche. The convincing factor is that
there seems to be a clean divergence in the RSI
on the daily time frame.
Looking for a break to downside.
Of course nothing is 100% in forex!
trade safe!!
BTC Heavy Fall Again?Bitcoin has been in the downtrend for almost 10 days and shows signs of wanting to fall further.
If this time it hits its lilac resistance and goes back down, its fall will be more definite and it can easily break the 46700 resistance down.
There is no definite opinion, but my opinion is that bitcoin wants at least a bigger drop, and heavy BUY ORDERS in the range of 40 to 44 can throw it to 50,000 and the hit its ATH soon ...
USDCAD: Can You See It?Price is playing around a key structural area but is failing to push higher!
Could this mean that price wants to push lower to take out the equal lows?
I believe price will play around this area and lure some buyers in before it collapses to the lower regions marked.
Once this has been completed we can look to buy!
Let me know your thoughts in the comments below.
Bitcoin dropThe current trend is upward ... but we see that the higher the price, the lower the volumes ... as well as the divergence of rsi and macd line indicate the weakening of the trend ... as well as the rising wedge pattern, which is a strong reversal pattern The price level of 40,000 or 42,000 seems to be a good support level ... If this level fails, the decline to 29,000 may continue.
"XRP to the moon!" - they say...Within a couple of months, I watch over this chart. And wait a lot this diagonal structure. Now, I hope, that the nearest big drop put dots in places.
It's too much happy news around Ripple. This can't be so clean and simple.
Get ready to buy XRP much lower, than it is now!
ADA may dropHello everyone, as you can see ADA is trying to break through a strong resistance right now. All the altcoins had a big growth today but we may see a pullback in the following days due the hypothetical recover of the BTC Dominance.
I am expecting Cardano to fail the break through and bring us down to the support level ending our current uptrend.
Make sure to take your profit and to do not join the market yet !
For any questions make sure to use the comments area below!