BullmarketFX
EGLD has broke out of this falling wedge pattern from a daily and 4hr perspective and formed a new higher high, market is now currently retesting the previous resistance as new support, if this area holds we are likely to see the continuation to the upside and market to fill in the wick on the monthly timeframe.
On the daily timeframe market has made a strong bearish impulse breaking below support, which is now being followed by a nice correction to retest previous support as new resistance... we are waiting to see how the market reacts to this new level of structure if we see proper confirmations we will then drop down to the 4hr timeframe and wait for new bearish...
BAKEUSD from a fundamental perspective i have a bullish bias on this coin. On the monthly timeframe the candle is about to close in the way we expect the next candle to fill in the wick, on the daily timeframe market is consolidating inside this falling wedge pattern... we are waiting to see if the market will break out of this pattern and form a new higher high,...
TEZOS we are bullish market has formed a nice M formation on the daily timeframe giving us a upside target, on the 1hr timeframe market is trading inside of this triangle pattern, we are waiting for a confirmed breakout above resistance before possibly looking for an entry to long.
BNB is still respecting the downtrendline since the correction has been made, now market is forming a nice double bottom at suppor ton the 4hr timeframe and looking as though we could see a breakout above resistance soon, i am bullish if we see a confirmed break.
ADA is also looking bearish, on the daily timeframe market has made a correction after the recent bearish impulse and is rejecting resistance forming a masssive double top, on the 4hr we are waiting for a break back below support and new lower low to form before looking for an entry to short.
DASH is following the whole bearish correction in the crypto market, we are now approaching daily and 4hr support. market has formed this massive head and shoulders pattern after failing to make a new high yesterday, waiting for a break below support before looking to short.
1INCHUSDT On the daily timeframe market has made a strong bearish impulse breaking below support, followed by a nice correction to retest previous support as new resistance and is showing multiple rejections at this level, on the 4hr timeframe market has rejected new resistance and formed a bearish engulfing candle we are waiting for a break of the counter...
BNB after the fakeout of this descending triangle has bounced back above support and formed this nice inverted head and shoulders, waiting for a break above the descending trendline before looking for entry.
OMG on the daily timeframe has made a strong bearish impulse now we are expecting a correction to be made, also on the daily market has formed this nice over extended M formation in which we expect the pattern to go and complete at the neckline giving us a upside target, on lower timeframes we are waiting for market to form new bullish structure before looking for...
ADA is in a extremely strong uptrend on all timeframes, on the daily timeframe market has recently broke above previous high with a strong bullish impulse followed by a correction and a retest of previous daily resistance turned support, now i am expecting the continuation to the upside and market to form a new higher high from a daily perspective... we are...
DOGE is looking bullish we have broke out of the massive correction/downtrend and broke above daily resistance forming a new high. On the 4hr market is currently retesting previous resistance turned support and also looks to be forming this nice inverted head and shoulders, We are long ! this is a higher risk trade with a reduced position size ! FREE telegram...
On the daily timeframe market has broke out of the downtrend and started to form new bullish structure. Also on the daily timeframe we can see market has recently made a nice bullish impulse followed by a correction, now we are expecting the continuation to the upside and another new higher high high to form from a daily perspective... we will be waiting on the...
USDJPY - since breaking out of the longterm downtrend on higher timeframes, is now forming new bullish trend higher highs and higher lows. On the daily timeframe market as recently formed a nice bullish impulse which has been followed by a correction forming again another new higher low, now we are expecting the continuation and market to go and complete this...
On the daily timeframe market is testing a historically strong support zone after forming this bearish impulse, after a impulse you expect the market to make a correction also on the daily you can see market has formed this nice M formation in which we expect to complete at the neckline giving us our upside target. At the moment on lower timeframes everything is...
From a weekly perspective what we can see is market has been extremely overbought and is over extended after making this huge BULLISH impulse breaking above resistance.... after a impulse what you can expect to see is a correction to come down and test the previous weekly resistance which is now a strong support (demand zone) for bitcoin, if this zone holds...
DAILY TTIMEFRAME BREAKDOWN From a technical perspective what we can see is market has made a big bearish impulse breaking below daily support at 51k ( which is just a correction on higher timeframes) After a impulse what you can expect is the market to make a correction to atleast the 0.382 fibonacci, which is also aligning perfectly with this level of previous...
ETH has followed bitcoin as it usually does with this massive market sell of ! we have now hit a key support at 1400 im expecting a bounce here and market to begin to make a correction after the correction and market forms a new lower high (restesting the breakout) we will have a nice short trade opportunity!