Mohsen_Abbassi

Mohsen_Abbassi

Salaam BTC moves in the descending channel since Nov 2021 at ATH. Here I show my probable scenario. Falling to somewhere around 16.6 to 17.6k that coincide with 61-78 Fibo. After that, if bounces from there, will try to break the channel, in case it could succeed, could go around 24-26k, then retest the broken level or descending channel. Finally could retest 61...

Mohsen_Abbassi

Salaam SPX located in a huge broadening wedge. SPX stands at the descending trend line that coincide with the 61 Fibo and also retest the broken level of the rising wedge. In down scenario, it could send S&P down to the 3400 area! that could cause another lower leg for crypto!

Mohsen_Abbassi Updated 

Hi Hope you all doing well. After a good rally, SOL is in a triangle pattern that is bidirectional. But usually it show continuation. Waiting for break to enter is better. In case of breaking upside, SOL could reach 32 area. Manage the risk and try to keep your mind free!

Mohsen_Abbassi

Salaam After breaking the ascending channel (bear flag), BNB broke the trend line that could be a trigger for going to the bear flag's target of about 216. In the higher time frame, BNB could go to even 140 area. Manage the risk and keep patience

Mohsen_Abbassi

Salaam AAVE has moved in a huge descending channel. It made a possible head and shoulders pattern that broke already. AAVE coiled in a bear flag under the broken neckline that targets a possible 40% drop from here! Pay attention to all the analyses are only possibilities and the art of a good trader is to play well with Risk Reward ratios and manage the risk! Good luck!

Mohsen_Abbassi

Salaam ADA moving in a descending channel for 10 months! Also moving in a range for 4 months! Regarding ETH, I expect fast rais by breaking the channel to the upside. In my opinion, ADA is coiling and is ready for a good jump, If the kings allow! Breaking the channel on the daily basis could trigger it. (In my opinion, this probable rise is only a relief rally...

Mohsen_Abbassi

Salaam I revised my last chart. The Head and shoulders pattern will invalidate if this daily candle closes above the neckline. There is a large broken bear flag. Also a falling wedge. My probable scenario is shown in the chart that targets 930-1030 area. Retest the wedge's line and pullback to the bear flag resistance and then, go for the final target. IMO...

Mohsen_Abbassi

Salaam There is a head and shoulders in the chart. ETH retesting the broken neckline. The neckline showed in green. Always wait for the daily candle to close for confirmation, smaller time frames are noise only. If it plays, could send ETH to 1140. Good luck and manage the risk

Mohsen_Abbassi

Salaam As seen, BNB broke the rising channel (bear flag), now retesting. Regarding false break at upside, expect extended move to the opposite side! SR levels and pattern target showed in the chart. Good luck Do not forget to set yor risk before entering any trade!

Mohsen_Abbassi

Salaam I share my ideas about what I see. Please do your analysis first and have a plan for your trades! ETH broke the flag at to and broke down some levels after that. Now bounce and it seems go to request the flag about 1500. That coincide with 61 Fibo of last swing, VPVR highest volume and the flag's line. Aware of FOMC event that will today. As Justin...

Mohsen_Abbassi

Salaam S&P bounced from support. May see some bounce here. Control emotions from FOMOing, it seems only a relief rally before more down! Good luck

Mohsen_Abbassi

Salaam ETH moves in a rising wedge. Break to the downside and ETH could retest the 860 area. SL: Close a 4h candle above the local resistance at 1250. Manage your risk IF you want to keep your account alive! Good luck

Mohsen_Abbassi Updated 

Salaam After a long time, I'm here to share with you my thoughts: WOO is located just below the descending channel. Today we have CPI numbers that are important for crypto. WOO is also located in the falling wedge that expects to break to the upside. In this case, we could see a 50% relief rally for WOO. RSI only breaks the MA to the upside and could do a...

Mohsen_Abbassi

Salaam WOO is located at the bottom of the descending channel. The consolidation below the channel could be considered a false break. in this case, expect an extended move on the opposite side. Today we have CPI numbers that are important for crypto. Remember in such important news, we usually see opposite moves from the market before true movements. You could...

Mohsen_Abbassi

Salaam many coins reached their targets. Regarding the market cap, S&P, and DXY, buying here is a good idea IMO. Whether the market goes for a higher high or a lower high, we should see a decent bounce from here. Do not forget risk management Good luck

Mohsen_Abbassi Updated 

Salaam AAVEE moves in the descending channel. It broke a smaller bear flag just below the channel's resistance that could be a trigger to turn down! for the first step, could close a daily candle below 156. The target1 is about 115 but It could go below 100 with some wicks. Manage your risk and good luck, Always try to control your emotions to could become profitable!

Mohsen_Abbassi

Salaam BTC moves in a descending channel and now approaching the channel's resistance within a rising wedge that lines up with the 40k key level. Waiting to break the wedge to the downside and retest to enter a trade. close a candle (daily or 4h) above the 40k will neglect the idea. By the way, based on DXY and the whole trend, I expect more downside moves. The...

Mohsen_Abbassi

Salaam Despite VET return backed to the channel and we saw powerful bearish candle 2 days ago, it stopped at key level 0.057 and yesterday's candle closed as beautiful bullish pinbar that coincide with 61 FIBO of last swing 0.044-0.087. The key levels are the most important of analysis compared with trend lines and channels because trend lines are subjective and...