Mohsen_Abbassi

Mohsen_Abbassi

Salaam We have broken rising wedge but not falling enough?! I think it may top off the last local high and then begin falling. It could be a good idea to scale out your longs. Note that this is only a possible scenario and there is no certainty. Good luck,

Mohsen_Abbassi Updated 

Salaam There is a good falling wedge in the VET chart just above the support. Let's see,

Mohsen_Abbassi

Salaam I bought it at 2870. till 2900 hold, it could bounce. break the flag to the upside and bounce some. Then after should check the price action and how impulsive this probable bounce. Good luck!

Mohsen_Abbassi Updated 

Salaam After falling last day, it doesn't seem any rejection and bouncing! VET going to make a rising wedge in 15m. break it and could go down about 10% from here! I'm still waiting for a good buying opportunity. Do your analysis first before entering any trade. Because you need efficient confidence to hold a trade and give good decisions. Good luck!

Mohsen_Abbassi Updated 

Salaam For the short term, 1h time frame, it seems ETH can't break the resistance and break the semi wedge to the downside. My TP and SL are shown in the chart. Good luck!

Mohsen_Abbassi Updated 

Salaam Happy Friday We see a good rally in the last 17 days from ETH as the only up move! It seems overbought and many people waiting to sell for now, but I'm looking for a buying opportunity. In the 4h time frame, we see coiling in the stochastics oscillator below the trend line. Also, ETH sticks just below the resistance of the daily descending channel. I...

Mohsen_Abbassi

Salaam BNB is in a descending channel (falling flag) and it seems to go to break it. Also, it's just above a key level and many coins break the channels and go upside. So it's a good idea to buy here or after breaking the channel. The risk reward ratio of the trade is very good. Good luck,

Mohsen_Abbassi Updated 

Salaam All healthy markets need some correction after a decent rally. VET retrace 60 Fibo of last up move. Also, there are falling flag (channel) in 15m charts of many coins that could be a good sign to show the correction will end soon. But remember that no pattern is perfect and always consider some percent to fail patterns. So, manage the risk and use stop...

Mohsen_Abbassi

Salaam it's time to see a nice BTC rise! The trade is based on ascending triangle that broke and retested. Stop shown in the chart and close 4h candle below 38300. Manage the risk! good luck!

Mohsen_Abbassi

Salaam VET is located inside a descending channel that is a rising sign. Waiting to break and retest. TP is about 0.053 Personally bought some lower but it's risky because it may continue to fall in the channel before breaking and also could break to the downside! Good luck,

Mohsen_Abbassi Updated 

Salaam After falling 2 weeks ago, Matic trying to recover. The first step is breaking the descending trend line. To continue rising, Matic should make a higher high and higher low. I draw my probable scenario for Matic but remember it has not to follow anybody's pattern and will do what it wants. Do not forget to set a stop for your trades. In this situation,...

Mohsen_Abbassi Updated 

Salaam ETH as king of altcoins keeps well above the support line of 2340. But there is a long way to turn bullish, ETH should make a new higher high from the last high of about 3375. For the first step, ETH should return back to the descending channel. If it does, the nest resistance is located around 2900. Manage the risk and do your own analysis before...

Mohsen_Abbassi

Salaam The market not seems good at all. I exit my long position. Get a small short on DOT based on the chart's drawing. (short term) don't have much conviction. Today have FOMC that expect high volatility in the market. T reduce your risk, you could close some of your trades and waiting to the market be calm down and reenter again. Good luck,

Mohsen_Abbassi

Salaam After a long time of red candles, seeing some bounce is very good! There is an inverse head and pattern that VET broke with 30m candle. But waiting for 1h candle to close significant above 0.052 is a better idea. The target of the pattern is about 0.059 but there are resistances to break. Waiting for the market to make new higher highs and lows, till...

Mohsen_Abbassi

Salaam Good day After making a bullish pin bar, now it seems we have an inverse head and shoulder pattern and also a falling wedge. Both are bullish signs. The target is around 2700-2800 area. We have the same pattern in BTC also that target is around 40k. Good luck

Mohsen_Abbassi

Salaam Good day After today's falling, many coins reach the last pattern's target. DOT reaches the base of the ascending triangle. The next target is around 15.5. Let's see price action here to decide.

Mohsen_Abbassi Updated 

Salaam Today we see some bounce. But the market arrives at resistance and in many coins, we see rising wedge or descending trend lines that could trigger leg down. it could be only a correction for the bounce but regarding fear, in the market, it could hit local bottom if don't go lower. So be cautious with your trades. Waiting for the market to break resistance...

Mohsen_Abbassi

Salaam After dropping 20% in just 2 days without any retrace, I expect at least a good bounce. Because no market moves straight up or down without correction. Here we have a descending channel in BTC (It's Justin Bennett's idea) and also inverse head and shoulders, wedge, and descending trend line in several coins that I checked. ADA, LINK, DOT, VET, SOL They...