Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00001340). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETPBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00001340). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETPBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
It's a video, worth watching. woo.
Following a heavy move to the upside signaled by a RSI divergence in may time, ETP/BTC has failed to make higher highs for the last few days while the RSI strength is weakening. It could appear a change of trend is upon us. I have cloned the previous downside and laid it over the proposed temporary top of market swing here and it looks relatively aesthetically...
ETPBTC has seemingly reversed already after hitting the 0.00029564 Resistance on 1W (RSI = 54.551). 0.00022501 and 0.00019525 are the support levels to watch (the latter is our current short's TP also). If the price action imitates the previous pattern (Jan - March) on 1W then we will have another Resistance test before dropping further. In any case shorting here...
This is not a signal to buy. The buy-zone is my personal target. :) Downtrend Continuation Head and Shoulder - bearish 1h 50MA (cyan blue) moving downward indicating downtrend MACD indicates more selling power than buying Expect to touch 45k in the short term Uptrend Indications H&S is bearish.. Reversal may take time Break through resistance line / 1hr...