STX is on its third cycle within a descending parallel channel. Channels tend to break at this point. However, STX has shown a tendency to hesitate at 1W support/resistance lines, but not to fully reverse until a 1M or greater line. The breaking of the current long-standing rising 2H support in red indicates retail traders are likely to sell short-term.
Red:...
CHZ is currently trading in a tight resistance/support band. The direction of the crypto market in general will determine direction, but as shown here, the likely upside movement should the market rise is much greater than the immediate downward movement should the markets move down.
These bands are partly based on both monthly and quarterly trends, so expect...
CHZ is testing very strong support at about 0.10$. If support is broken, the next zone of strong support is at about 0.05$. Conversely, if buyers come into the market at this level, it will establish a bullish higher low. The strongest upside resistance is in a band between 0.25-0.28$ with several weaker resistance bands between.
There appears to be a strong line of resistance which has been exceeded by ~4% each of the last two times BTC has crashed. Large institutions, namely BoA have recently forecast a coming crash to about 12k$. If BTC drops in the same way a third time, by the same percentage as the last two dips, it will arrive in the mentioned 12k region.
This is also the...
BTC is in oscillating in a narrowing channel between a more recent lowering upper resistance and much longer held rising lower resistance. It looks likely to break up, but plan for either. Friends don't let friends leverage crypto trades, etc...
