CryptoFallen

CryptoFallen

Thoughts on this ETH chart at play, we have retraced to the 0.618 relief rally bounce, looks like we will go up first to the ~$1425 area before we come back down to form a newer low.

CryptoFallen

Picture paints a thousand words, if ATOM breaks the neck line of $13.3, down to $11.45 which is also the 0.5 fib retrace before expecting any bounce.

CryptoFallen

Possible ETH Bear Flag continuation in play, if it plays out, it will be possible to hit between ~$1100-$1200 of the massive Head and shoulders. Thoughts?

CryptoFallen Updated 

Thoughts on ATOM? Cosmos still has a Double Top and 1hr bearish divergence in play

CryptoFallen

If it breaks where the fib retrace is at 0.236 then up we go, get rejected, down we go, wait for confirmation

CryptoFallen Updated 

ATOM/USD Bearish Case - Double Top can be seen (white line) - 1hr and 8hr RSI shows a exaggerated bearish divergence - BTC is retracing, eventually ATOM will follow to in this bear market Target Zone - $13.41 (neck line of the bottom of double top) - $12.81 (0.618 fib retrace) - $11.60 (0.5 fib retrace & start of double top) Bullish Case - May break higher 8hr...

CryptoFallen Updated 

Last bear flag before ETH hits $1400 USD, nearly there, thoughts?

CryptoFallen Updated 

BTC Bear flag continuation with descending triangle in play?

CryptoFallen Updated 

After the Ethereum merge, although we had a bit of a run up, the bear flag continuation pattern still looks in play. What's your thoughts?

CryptoFallen Updated 

No one wants to talk about this probability, but failure to break out of the downtrend line is making it a possibility that BTC will break to around $7-8k given the descending triangle...

CryptoFallen Updated 

Possibility of a bear flag continuation for ETH, price target would be approx. $1400 if it is to hit. Will the Eth merge send those to sell the news after buying the rumour? Thoughts?

CryptoFallen Updated 

LUNA/USD Bearish Case - Double Top formed and retested at $6.42 (0.236 fib retrace) - Exaggerated Bearish Divergence on the 1hr - Testing to break down of the ascending support line - MACD on the 4hr looks to be turning bearish Target Zone - $4.888 (0.5 fib retrace) - $4.202 (0.618 fib retrace) - $1.99 (full retrace) given it is a double top Bullish Case - Stays...

CryptoFallen Updated 

ETH/USD Bearish Case - Break through the resistance downtrend and come back down to retest the supporting trendline - Rising Wedge breaking sideways - MACD on the 4hr and Daily looks to be turning bearish - Ethereum Merge coming 14th of September, buy the rumour sell the news event? Target Zone - $1100 (0.786 fib retrace) - ~$1550 (blue support...

CryptoFallen

BNB to head to previous support if we get rejected from this area, possible target areas are $260 and $242 as levels of support

CryptoFallen Updated 

LUNC/USD Bearish Case - Bearish Divergence on the 1hr, 4hr and 8hr - Broken out of the ascending channel - MACD on the 4hr looks to be turning bearish - Topped out at 2.618 fib extension. - Currently bouncing off the 0.236 fib retrace area, Target Zone - $0.00044958 (0.382 fib retrace) - $0.00036185 (0.618 fib retrace) Thoughts?

CryptoFallen

Are we possibly going to these old support lines, keeping this as simple as possible without too many indicators on.

CryptoFallen

Having trouble breaking the downtrend ever since April 1st. - Multiple attempts at breaking resistance line, but couldn't break (3 times) - RSI and MACD on the daily shows reversal back down again. If we get rejected again, I can see it heading to $0.67 first then as low as $0.61 area to hit the 0.786 fib zone. What's your thoughts?

CryptoFallen

The Pi Cycle combined with Weekly MACD/RSI reversal seems to think so... Macro environments don't seem great, but a relief rally?