PhoenixICF

PhoenixICF

Keep this possibility in mind. A 25% drop is inevitable if the 40k support breaks. Alts will drop at the same pace and we'll enter in meta alts when BTC is around 30k.

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Broke out and retested. Target of 0.7 can be expected soon.

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Entering a trade on the basis of bullish candlestick pattern. Buy: 1.2080 TP: 1.2270 (190 Pips) SL: 1.1985 (95 Pips) R:R-2

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EURCAD Sell: 1.5650 TP: 1.5485-1.5350 (165-300 pips) SL: 1.5710 (60 pips)

PhoenixICF

$BTC UPDATE This is the Daily chart and it looks like btc might oscillate between the horizontal S&R or the channel trendlines. Currently 5600 is the resistance level and 4000 is the support. If this support breaks then 3100 is next. Some people are saying we might see btc below 2k but I don’t think it’ll ever break 3k support level. It’s best to let btc settle...

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Currently we can see Adam and Eve pattern formation on 4h chart and it is on the verge of breakout confirmation which can also act as the resistance. If pattern confirmation happens then btc might move as described by the arrows. Otherwise we’ll see 10000 again.

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$ATOM Ascending triangle is being formed which is a bullish pattern. If it crosses the 5200 level, then breakout will be confirmed and 5700 can be considered the first target.

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$MATIC If it breaks this resistance around 220, then it will head towards 350 with another resistance around 275 on the way. Can be a good entry once it crosses 220.

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$CELR Bullish crossover and fib support around 155 indicates a good entry here. Buy; 155-160 ST1; 185 ST2; 210 ST3; 240 Stop Loss; 145

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$LINK Almost close to 0.618 fib level and it can bounce again from here like it did before. Stop loss should be placed just below this level somewhere around 0.000175

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$ZIL Broke the diagonal support and will probably go down to it ATL around 200 before jumping back up.

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$ETH Ready to move up from this golden ratio support if btc doesnt interfere. Stop loss around 0.0280 is recommended if anyone is willing to enter this trade.

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$ZEC Travelling through the rising channel and can break doen anytime. Can be swing traded meanwhile between the 2 trendlines.

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$MDA It just bounced from it ATL and can move up to 11000 before facing rejection.

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$GTO might move up to make double bottom pattern. 346 will be the DB confirmation level to increase the position. It still has got room to fall down to 305 before moving up.

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$CELR Trade can be opened at this 0.618 fib level support and 220 is expected to be the first target if it bounces from here. Otherwise wait for BTC stability before entering this trade because if it gets broken, it might fall down to 157.

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Expecting a drop till 26 and then a bounce to 32 INR.

PhoenixICF

$ONE It might face challenge to cross 272 level, and if it does then 295 is next stop. Otherwise we will see 255 before it bounces again.