On the weekly timeframe, a double bottom has formed. After breaking and testing support, a bullish pennant has emerged, indicating a continuation of the upward trend. Growth potential towards $2. 📈🚀
Despite the market downturn, ETH's price remains above the crucial mirror support zone at $3,650, still leaving room for growth and a potential new ATH. ❗️However, a likely scenario before the ETH-ETF launch is a corrective dip, allowing big players (funds) to buy at better prices. 📉 Therefore, a decline to the $3,400 - $3,200 range is entirely possible. This is...
❌ Market liquidations in the last 24 hours, CoinGlass: ~53K traders, totaling ~ FWB:78M — ~80% long positions and ~20% short positions. No major changes in the market; BTC remains below 70K, and this is likely to continue today. 📉 Closing the weekly candle below 70K could trigger a further drop to at least 67K. We'll be closely watching for a potential bounce...
❌ Market liquidations in the last 24 hours, CoinGlass: ~149K traders, totaling ~$416M — ~85% long positions and ~15% short positions. Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over. ❗️Yes, there is a bounce, but the downward movement needs confirmation. To...
The price is testing the ascending trendline for the fifth time, and each time we've seen a bounce 📈 Considering that some indicators show oversold conditions, I expect another upward bounce. So, I'm opening a long position 🔼 Long X5-10 ✅ Entry: ~41.2 - 39.5 - 38.2 🎯 Targets: 43 - 44 - 45.5 - 47 - 49 ❌ Stop: 35.7, just below the 8-hour MA200.
After breaking out of the triangle and consolidating above resistance, it's a good time to take a position with targets of 50-100% growth. 📈
After testing the resistance, I expect growth above $10 in the near future. 📈
MANA is breaking out of an ascending triangle pattern. The growth potential is highlighted on the chart.
After the breakdown, I will open a long position for a small part of the deposit.
In this analysis, we will delve into the price action of the cryptocurrency Storj (STORJ) utilizing 1-hour and 5-minute time frame charts. On the 1-hour chart, we've identified several notable levels, with a specific focus on the level 0.4077. This level was chosen due to its significance, having been tested twice, making it a key point for analysis. We plan to...
In the chart, I've highlighted a level with two touches at 212.17. Today, while reviewing the charts, I noticed that there aren't currently many compelling levels. Among the more evident ones, I've singled out this particular level. I'm looking to enter a short position if there's a breakdown below 212.18 for BCH upon approach. The approach to the level is...