BTC is now testing our weekly support, after the strong rejection of the begin of the week, a new resistance has formed. We can clearly see on the daily chart that previous support became resistance. BTC is also moving in a desending channel. 2 scenarios possible: Bullish scenario: If we break 47200 on the 4h timeframe, we will open a LONG to the next resistance...
TRX is creating an ascending channel. It successfully broke the major resistance and retest was successful. IF TRX breaks the dynamic resistance (descending trendline) we could see a nice move to 0.18. TRX looks really promising here, Keep an eye on it !
We waited ALGO for a while. This coin is really undervalued (like XLM, IOTA and XRP). really nice move since BTC correction. We expect a fibonacci retracement on the 0.618 level, which is the most important FIB level for a healthy growth. From this point, we open a big long and use this retraceemnt as new strong support. ALGO is big and was a sleeping giant for a...
BNB is currently creating a double bottom on the 4H chart. We need to wait and see if the new support hold. We won't consider enter a LONG position now. A scalp can be done with tight stop lossjust below the current support.
We should see a nice move soon. DOGE created a nice double bottom on the 4H chart. If it breaks the resitance at 0.265 we would consider open a LONG on the retest . The profit on this trade can be nice but we laso know that DOGE is regularly manipulated by our friend Elon so we use tight stop loss on every DOGE trade. Let see what happens !
ETH i currently testing our daily rsistance. 2 scenarios like BTC: 1/ Either we flip our local resistance as new support and we go directly to 4K OR 2/ We have a rejection from here and we could open a SHORT trade at the second restest of this resistance. Note: If we flip the resistancehere, we are confident enough to open a LONG as we can see ETH formed a...
CLV successfully broke out his downtrend on the 4h chart, this was likely as we saw the double bottom formed before nice nice break out. If you didn't enter in this trade before, so wait and see if the price come to retest the downtrend line broken. We can also see our weekly resistance is perfectly situated on the 0.618 Fibo level, this area will be important....
We can see nice rejection from our weekly resitances and GBPUSD formed a double top on the weekly chart. An Adam & Eve pattern was in fomr but apprently the resistance was strong enoygh to cancel this pattern. On the daily chart we can see that the price is testing the upper line of the current forming descending channel. If we have a rejection from here, we will...
CARDANO formed a double bottom on 4h structure. We expect a break of the resistance created. We open a long after retest of old resistance as new support
The new support around 0.315 seems to hold well. If XLM break 0,34, we will consider opening a long position to the next resistance at 0.40. We expect a nice move from XLM in a short term period, if we break 0.40, which became a strong resistance, we can expect a nice upside movement. We won't be surprised to see XLM at 1USD$ before the end of the year!
DOT is inside an ascending channnel and tested the previsous resistance as support . We open a long position here. If BTC doesn't go crazy; the target should be reached soon