Aug 2021 resistance at 1.64365 Inverted H&S pattern notafinancialadvise
Over the past few hours, it seemed that the price was supported at the 0.9-0.905 level. If the current intraday bounce becomes a pivot point for a few weeks reversal, it might be able to go back to 0.92-0.925 range. A higher TF swing potential would even be better for those who are long in the current status of AUDCAD. TAYOR. Just a random thought from my end.
The selling pressure has somewhat stabilized in the short term and supported by 0.8 to 1 level. If BTC will stabilize and hold, WRX might follow. Otherwise we can go lower as low as 0.5 to 0.6 and even further lower.
If it doesn't break out from the falling wedge, expect the price to go down further back to 1.8-2 level especially since BTC is currently in bearish sentiments. However, if it regains bullish momentum, expect it to go back to 4$ level. For pump, it might go back to test the current all time-high at 6 - 6.7 level.
Here's my perspective on ETH BTC. Given the current performance of ETH vs BTC in terms of USDT, this pair might be able to run up as much as 0.060-0.065 level if this continues. ETHUSDT can run up to 3200 level based on its movement at the moment. ETH is "cheaper" right now in case BTC dumps again. Some enthusiasts also see it as better in terms of its applicability.
Bulls remain unfazed by the sudden drop yesterday. Got supported by 2.6-2.8 level and is now at 3.2 level at the time of writing. WATCH OUT FOR THE movement on the descending channel at the shorter term and take caution on the descending triangle as well for the medium term trend. TP 1 4-4.6 TP 2 6-6.6 TP3 10
WRX today has made a strong bounce up and got resisted at 3.9 to 4 as expected since it is a psychological resistance. It has already pierced through the plotted triangle. Either you buy at the pull back once break out is confirmed in the 4hr TF. Once confirmed, expect run up from 4.7 to 5 then 5.6 to 6 before it breaks ATH and reach my longer targets at $10...
This was plotted few days ago before the current run-up of ETH and BTC. Who will run faster? TP1 and TP2 for reference. Set your respective stop losses or just hold it if you're a firm believer.
As plotted before, this coin pair might find support at 3-3.2 level. Let's see if this holds. I updated the plotting of my triangle since the previous ones have already been invalidated. If it reverses here with strong volume, this might be it. Price going down with volume drying up means that there's an increasing volume of holders of the asset. Let's see when...
Long term hold as much as $650 dollars. Next resistance at $350.
I am still long on this one but it will take longer unless a big pump will happen. As of this writing, 3.6 to 3.8 still acts as support. Selling volume goes lower and lower without driving the price down at a fast rate. If 3.6 breaks down, you can check 3 to 3.2 level then 2.6 to 2.8 If the new down trend line breaks, expect a recovery back to 4 to 4.6...
Bullish A somewhat ascending triangle at 58 to 60k level. Bearish Breakdown of trendline Bearish divergence Triple Top
Plotted estimated support levels. Swing to 3.8-4 then to 6.6 then to 9.8-10.
If 3.8-4 becomes a strong support, hold for swing to 6.6 level or as much as 9.8-10.1 level