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Sonic

ETH/USDT (3D) Global SituationSo, globally we are having a bullish wedge on ETH and the price entered this wedge from below. By definition "the wedge" is the pattern, where highs and lows are updating and go lower or higher, depends on what kinda wedge we have currently. So, right now if the price will break a current high, which is $223.94. Then we can expect the pattern to outplay its main target(which is around $360) since the next high won't be lower than the previous. Let's see. Good luck everyone and happy trading!
by SonicTrade
BTC/USDT (4H) Current SituationThe whole picture looks weak and everything tells us that the price should go lower to 7200 level at least. Over there we gonna have dynamic support and also the lower border of our falling channel. And from that level, a bounce-back would look logical. But the only thing that I don't like here and what makes me suspicious is that the picture is so clear and every single trader sees that. And I think that market maker is preparing a surprise for us, which we are gonna see soon. Keep your stop losses active and be ready for any outcome. I don't exclude the chance that we can grow from the current price. The price will form a double bottom, bullish divergence on RSI and go up. I am in position and just keep my stop loss active in case we will go to 7200. Well, zones of interest and targets are on the chart. Good luck everyone!
by SonicTrade