EdgarTigranyan

EdgarTigranyan

Hello all, Will keep it very simple and day trade BTCUSD for a month. For the first trade we will wait for the price to hit 27,500. Looking to sell at $31,800 with 15%.

EdgarTigranyan

Happy Friday everyone, and congratulations for making profit during this wave. As expected (see previous post). Looking at TSLA on the daily timeframe we see that the price of TSLA broke above the $207 and is testing the new resistance at $215. The trend remains bullish as long as the price creates higher highs. Of course there will be a correction, and for...

EdgarTigranyan Updated 

Happy 2023 everyone, and thanks for supporting the channel. Looking at TSLA on the weekly timeframe we see that the price of TSLA is now inside a new descending/downtrending channel. The price of TSLA is currently trading below the 200 week EMA (Bearish sign), The RSI is in the oversold territory (Bullish sign), and we have a doji candle formation on the weekly...

EdgarTigranyan Updated 

Hello and welcome to my channel. Looking at ETHUSD on the weekly timeframe we see that the price of ETH is inside an ascending channel and currently trading above the weekly descending resistance. To confirm this bullish price action I want to see the weekly candle close above the 200 week EMA (sitting at $1380) and above the descending weekly resistance...

EdgarTigranyan

Hello all and welcome to my channel. Looking at BTCUSD on the weekly timeframe we see that the price of BTC is at very critical support at 23k. For the price to get really bearish the price must break 23k, 21k, 20k, and then the Fixed Range Volume Profile point of control and the greater support which sits at 19k . Also Keep an eye on the stock market, and...

EdgarTigranyan Updated 

Hello all and feliz sabado. Looking at ETHUSD on the weekly timeframe we see that the price of ethereum trades below the (yellow) long ascending line of support. More importantly the price currently trades below the 200 week MA, and the daily RSI is in the oversold territory. The price is also below the 2018 all time high price of $1400. If this breakout is...

EdgarTigranyan Updated 

Hello all, and thanks for supporting the channel. Looking at TSLA on the weekly timeframe we see that the price of TSLA once again is inside a descending/downtrending channel. We have two previous rejections on top of this channel with over 30% drops, and I believe we can see third 30% drop too. The long ascending line has a support point at around $240, and...

EdgarTigranyan

Hello all and welcome. I was asked to give my opinion on SOL so lets get straight to the point. Things are looking extremely bad and I recommend selling whatever is left in the bag and forgetting about SOL. Why? Looking at coin market cap, the 24 hr trading volume is recorded to be $4,063,992,273. Secondly, Nearly $1 billion of solana is set to be unstaked...

EdgarTigranyan Updated 

Hello all and happy Sunday. Looking at ETHUSD on the daily timeframe, we see that the price of Ethereum has reached a resistance at 23. 6% fib retracement level at $1651. Indeed, it was interesting to see the price to break bullish out of the symmetrical triangle, instead of seeing a bloodier drop if the bear flag pattern was to play out. It is possible that we...

EdgarTigranyan Updated 

Hello all and thanks for your continuous support. Looking at BTCUSD on the daily timeframe, we see that BTC is still trading inside this big falling wedge channel , but more importantly, the price is now coming very close to the resistance of this channel, which I see as the apex of a descending triangle pattern. If we take a look at may 9th 2022 price action,...

EdgarTigranyan Updated 

Hello All. Looking at Doge/Usd pair on the weekly timeframe we see a formation of a falling wedge pattern which is a bullish chart formation. We extrapolate the measured move for this pattern and estimate a breakout point at the end of the apex. This puts us around September 20, 2022. As such, this breakout to the upside can put the price of doge coin at around...

EdgarTigranyan Updated 

Hello all and thanks for your continuous support. Looking at ETHUSD on the daily timeframe, we see that ETH is still trading inside a descending channel , but more importantly, the price is now trapped inside a symmetrical pattern which I see as part of a bear flag pattern. If we extrapolate a measured move for this bear flag pattern, we get a bearish target at...

EdgarTigranyan Updated 

Hello all and thanks for your continuous support. Looking at ETHUSD on the daily timeframe, we see the price of ETH has reached the apex of the symmetrical triangle. As such if the price breaks towards the upside, I expect that we will see the price going up at least 65%, which is the top of this pattern and the $3000 level. We can expect some resistance and a...

EdgarTigranyan

Hello all and thanks for your continuous support. As the entire market, so does polkadot headed south today. Currently trading inside a falling wedge pattern, the chances for breaking bullish out of this pattern are very little. As such, my bearish price target for this pattern formation is $4.70. This is our 161.8% fibonacci retracement level. The $4.7 is...

EdgarTigranyan Updated 

Hello all, and thanks for supporting my channel. Looking at BTUSD on the daily timeframe we can see that the price of bitcoin has broken out of the falling wedge patter and even hit the measured target at $21,520. As the price of bitcoin remains trading inside this big descending channel, we can expect that bitcoin can go as high as the top of the channel which...

EdgarTigranyan

Hello all, and thanks for supporting my channel. Looking at DOTUSD on the daily timeframe, we see a formation of a falling wedge pattern which has a bullish price target at $8.90. This price also corresponds with the 78% fibonacci retracement level and is also the top of the weekly candle formation. On the daily timeframe we are also trading inside the...

EdgarTigranyan

Hello all, and thanks for supporting the channel. Looking at ETHUSD on the daily timeframe we see a formation of a falling wedge pattern, and that the price broke out bullish out of this formation. Due to the fact that we did not see a strong bearish momentum, and due to the fact that we broke out bullish out of this pattern, I believe that ETH has the potential...

EdgarTigranyan Updated 

Everything on the chart. keep an eye on this ascending triangle.