What is going on with this?
I see a massive selloff down to $20, then sellers had exited. This caused price to sharply reverse, as buyers came in. A bounce ensued and would have been unsurprising, but it has not stopped.
In five weeks, W is up 500%, up from $20 to almost $140. Can someone explain better what is going on here?
TRX shot up from 0.00000311 with high volume. After that, it continued to float up slowly on low volume, indicating a lack of resistance; so not a bull flag. Price action has little momentum.
Price Target
There is probably demand around 0.000320 so that might be a good place to exit.
There is more downside, and also more upside on this. Be careful
The...
A lot of retail trading and a lot of wicks on each candle leading into a rising wedge. Those wicks show indecision and not a strong trend. Looking to the larger time frame, we've either formed a double bottom or prices is weakly rising from resistance to form said wedge. Looks more bearish than bullish.
A strong surge in price on strong volume and especially...
Wicks point to the direction price is headed. This contradicts common knowledge that the wick indicates failure.
What to look for: Trend reversal on higher volume.
1) HIGH VOLUME bounce
2) HIGHER VOLUME wick breaks through former support/resistance level
3) Look at the LARGER TIME FRAME for support/resistance levels. Are we there yet? If not, then...
Granny Tit/Saggy Breast pattern is bullish, though often can be simply a retest. So it's "LONG", but also a "SELL" for now.
Confused? Here's my strategy… I'm long for the long run, so was overweight in this position off recent lows. So I sold some off today's big green candle and I'm watching for support around 0.000060 ETH, or around $0.30.
If ETH drops it...
BNB retesting critical $12 support level. Price hit $18.00 level for the third time and was quickly rejected, this time, sending it back to $14, where it had almost no bounce, and then back down to that $12 support level.
BNB at $12, down 30% from $18
However… If crypto market is diminishing on Binance, with fewer and lower-volume trades, this could mean less...
AEETH keeps hitting resistance at 0.006150/0.006400.
Strong the volume is pushing price upwards into and perhaps through that level. It's hit that level many times.
Next level of resistance is 0.007180.
Breakout coming soon. HODL
TA on video. Feedback wanted
Strategical trading advice needed!
I am very heavy into this position. You might say "all in" from the bottom of ETHUSD around $500, though can use personal funds if price drops.
I used much of this ETH to buy alts, including EOS, RDN, BAT, and GNT
From my current position, where should I exit EOS?
LONG position for the longer-term.
Selling 20% of position of BNTETH in the short-term.
Buyback price 0.006790
The comment " comment " is where BNTETH broke through resistance. If there are still enough buyers at that former resistance level, it can become the next support level.
In the likelihood of a big S&P correction, other markets, including IWM, DJIA, will follow. This will effect the economy as a whole including Ethereum, which might end up dampening the ever-exploding coin market, thereby leading to a decrease in the Quantity Demanded of ETH, thereby leading to a drop in price of ETH.
That might not happen. But in any case, ETH...
Price will probably find good support at $520. It might push lower, so be prepared for that, too. But it might turn and go back up, so be prepared for that.
Never go all in. You might want to double your ether holdings at $520, but make sure to leave room for levels below. More on this to come.
S & P Major Support around $2450.
With fear momentum, price can touch slightly lower.
Diamond top on the W chart. S & P failed to make ATH for several weeks, consolidated in the middle where it is today.
"Sell in May and Go Away."
Where do I exit?
0.00129000
– 60% sold - Take some profit off of this one at the purple line. Price increased 20% in a week. How much higher can it go?
– 0.000132
Remaining 40% sold - there was a lot of selling at that price before. If it goes up there, expect major resistance. Leaving some of the TRX position with a limit at 0.000132.
Guys, IOTAETH just hit a very tight zone where price took off from just days prior. Expect a sharp rise in price and a quick pop of up to 20% with a tight loss on the underside of it.
