💎Technical Analysis Summary💎 ETH/USD -ETH for the second time around got rejected by the 50D MA -The price has declined from 2.8k level to 2.3k dollars -If this short term selling pressure continues -I think a potential retest of key support around $2.1k- $1.9k -And if the key level of support holds, expect a good bounce up to $2.6k -For now, the overall...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN almost closes below the 4 dollars key support zone -But the bulls defended that region with a strong rejection candle -The price manages to regain above 4 dollars respecting the trendline support -This is a good sign of strength in the short term -Yesterday, the bulls tried to break above the resistance line but...
💎Technical Analysis Summary💎 BTC/USDT -After the recent strong selling on Bitcoin last week -The price may have found support at the 31k dollar range -This area is a confluence of previous swing support last January 2021 trading -Also, the 100MA perfectly coincides in this area which gives an extra level of defense -Now, the big question if the Bulls can hold...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin weekly swing top has been set at 64k dollars -The recent dump touches its weekly strong support zone -We can see a bullish rejection near the 50W moving average -This is a good sign but still not enough to push the price back above -I think we will trade below the 40k or low 40k zone in the coming days -Expect high...
💎Technical Analysis Summary💎 WABI/USD -WABI formed a double bottom reversal pattern in the weekly time frame -The price finally broke the long term trendline resistance -Currently, the weekly swing top is now confirmed -And it is now going back to the mean to retest the old resistance line -If WABI can hold the key area of support plus the 100W Moving...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK may have temporarily found support at low 4 dollars -The price is respecting in this region for the last 9 days -We can also see a strong bullish rejection from here last March 5th -There is also a mini bull flag consolidation on Feb 3-12 before the strong move up -The bulls are trying to hold their current...
💎Technical Analysis Summary💎 KP3R/BUSD -The 220 dollars has been a strong support zone since Jan 2021 -We can see multiple bullish rejections whenever the price returns to this level -Can we expect another strong bounce once the market starts to cool off? -There is a big chance provided BTC will remain stable in the coming days -For the bearish side, KP3R is...
💎Technical Analysis Summary💎 YFII/USDT -YFII is back at the key area of interest around 2.4k dollars -This zone has been at a strong resistance level since Oct 2020 -If YFII can flip this zone into new support territory -I think the 3rd attempt to break the trendline resistance increases -For now, everyone is waiting what will Bitcoin's next action -Because...
💎Technical Analysis Summary💎 BTC/USDT -My last BTC update was still trading in a small range around 55k-58k dollars -The bitcoin bears won the game after breaking its local support at 53k dollars -The price touches the 3D 50 moving average and the price reacted with a strong push-up -I think the bitcoin bulls defended this important moving average like history...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -The major support at 5 dollars has been broken as the price continue to trade at $4.24 -If you were holding a position at around 5 dollar range, you'd be stopped out already -Now, the trade idea for upside continue is invalid at 5 dollars buy range -Looking at the current market structure, the next potential support...
💎Technical Analysis Summary💎 WABI/USD -WABI has been in a correction phase after the strong run-up to 1 dollar -The price has retraced back to the 100D MA support and bounces up -Currently, the WABI is retesting the previous trendline resistance -This may act as support if the overall market condition turns out good -If you are looking for a buying oppurtunity...
💎Technical Analysis Summary💎 BTC/USDT -Hello everyone, I'm not able to update my BTC idea -Because there is no significant data at the moment -Bitcoin is still trading within the Neutral to Bullish zone -We can see BTC tried to close above 58k dollars -But the Bears easily send the Bulls back inside the ranging zone -Many altcoins are benefiting from this...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK failed to hold above 7 dollar area last week and now trading around 5 dollars -This is technically not a good sign in terms of price action -The good news is the price is reacting at the 20MA in the 6D time frame -ZK bounces from this Moving Average the first time it tested last April 19 -The 5 dollars key support...
💎Technical Analysis Summary💎 BTC/USDT -The bulls entered the market with a good bounce back above 0.5 Fib level -We still have 6 hours left before the daily candle closes -And if the bulls can maintain above 55k dollars, that is a good sign -Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins -We are large-cap altcoins are...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is still trading within the mid resistance zone -Currently facing minor rejection at 0.618 Fib resistance -The good news though is the price is holding above the 50DMA -For me, as long as the 55.8k dollars holds, I'm still bullish -But if BTC failed and closed below 55k dollars, the bears might re-enter -We are...
💎Technical Analysis Summary💎 BTC/USDT -Looking at the 2D time frame chart, BTC found support at 50MA -We can see two perfect rejected candles closes above the 50MA -And followed by two green candles and trading at 56.6k dollars -Currently, Bitcoin is facing a minor mid-Fib resistance zone -This resistance area is the previous bear flag last April 17-19...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN broke out of the trendline resistance a few days ago -And the price started trading above 6 dollars range -Currently, we can see the ZK is showing a little weakness -This may lead to a potential retest of the 100D MA support -If the 6 dollar support failed to hold in the coming days -I think to go down to mid 5...
💎Technical Analysis Summary💎 ETH/USDT -Ethereum is set for another All-Time high price today -The bulls retested the previous resistance area at 2.5k dollars -The price bounces up and currently trading around 2.7k dollars -If the bulls can send more follow-through in the coming days -The potential next target is up to 2.9k - 3.1k dollars -This coincides with...