Mohsen_Abbassi

Mohsen_Abbassi Updated 

Salaam I adjust the trend lines. It seems ETH broke the line and retested it. Trade idea: Personally waiting for 5m break the last lower low and retest it for more confirmation. I'll update when I place a sell order. good luck

Mohsen_Abbassi Updated 

Salaam There is a good triangle broken to the downside. Trade idea: Waiting for a retest and bearish price action in the lower time frame of about 12.55 Good luck

Mohsen_Abbassi Updated 

Salaam There is a rising wedge in the chart. Now it seems price breakout to the upside. If ETH wants to go downside, should return back to the rising wedge in the next 1h candle. If it does, it converts to a false break, in this case, it itself will be a good sign for sale. Moreover, the rising wedge is a bearish sign if not cancel. Note that in many pairs,...

Mohsen_Abbassi

Salaam Despite all cryptos are pumping, here I share with you what I see. There is a rising wedge with an upper false break and an ascending trend line. Break out to the upside and close 4h candle above 24.8 will neglect bearish scenario. Should wait for a breakout. Good luck

Mohsen_Abbassi

Salaam Pay attention to the concentration in the stochastics in the overbought region. (I don't know what it calls usually if you know, let me know) But I think it results in a dropdown. 0.0935 is resistance. I'm still keeping my short position at the average price of 0.087

Mohsen_Abbassi

Salaam I redraw the chart. There is an ascending trend line. The vet is now below it. Regarding the market is over-extended in 1h, it needs some retrace. the market has good momentum, waiting next 1h candle to close to see if VET could break or not?

Mohsen_Abbassi

Salaam I only share with you a possibility that I see. There is a rising wedge and VET is near the upper line. If the rising wedge plays a role, it will result in going down for VET. 0.0873 resistance. Also, bearish pin bar and over-bought in the stochastics indicator. So I expect VET will retrace more. Good luck

Mohsen_Abbassi

Salaam it's a long time that I didn't share any chart and want to start again. Because other than it's work or not, it helps me to think better and decide. The total crypto market seems to retrace some. I decided to trade only in chart patterns or buy in dip. Now VET has 2 options: 1- go to 0.08313 (double top - rising channel) It needs to close the...

Mohsen_Abbassi Updated 

Salaam Here it seems a good buying opportunity near the trend line while total momentum is bullish. 1940 may be a good stop. Although closing the H4 candle is a good sign of market behavior, I already open a buy position but keep my eyes on how the H4 candle will be close. DO NOT forget risk management! Good luck

Mohsen_Abbassi Updated 

Salaam Good day VET consolidates in a triangle. if it closes above 0.094, could rise to 0.12-0.13. In total, I think VET will outperform ETH. The minimum price target will be 1$ for 8 months period. Make your analysis before trade! Good luck

Mohsen_Abbassi Updated 

Salaam Hope have a good holiday and weekend! All crypto markets had some correction these days, the end of the correction will be a good buying opportunity. If ETH wants to end its correction, needs to close above 1730 to make a new higher high at least in the H4 (1790 make better sense). But there may be remained a dipper correction in the crypto market in the...

Mohsen_Abbassi Updated 

Salaam ETH still consolidate between 1750-1900 for several days. Regarding the SP500 break and price action, it seems more likely bearish. there are several bearish scenarios, the supports are: 1730-1680-1640-1440, and the 1200 area coincide with the lower line of the ascending channel. To end the bearish scenario, ETH needs to close a daily candle above 1920....

Mohsen_Abbassi Updated 

Salaam In the daily chart, it seems ETH wants some correction.

Mohsen_Abbassi

Salaam ETH rebound from h4 trend line.

Mohsen_Abbassi Updated 

Salaam It seems the correction going to end after a 50% retrace of the movement from 1730. It's only one scenario, ETH could retrace some deeper. Be aware of the opposite scenario too. Breaking the descending trend line in the m5 chart would be a good trigger for a long. good luck

Mohsen_Abbassi Updated 

Salaam Regarding the total bullish market, every dip and retrace would be an opportunity to buy the dips. think simple and trade safe!

Mohsen_Abbassi Updated 

Salaam If break it to the downside, could send 1600 at first. Should check price action there.

Mohsen_Abbassi Updated 

Salaam ETH can't make a higher high in H4, now I'm waiting for making a lower low. It also seems head and shoulders pattern forming. In the H1, it also forming Head and shoulders , waiting to make the left shoulder. It also breaks the EMA 10, EMA 20, and 1550 level to the downside and now pullback to them. Closing the H1 candle above 1550 and EMAs could...