💎Technical Analysis Summary💎 BTC/USDT -BTC closes below the 100D MA yesterday but was only a fakeout -The Bulls may have found the new local bottom today -The 47k dollars is our key level to maintain in the coming weeks -We know there is a big CME gap from 57k-62k dollars -This area perfectly coincides with the 50D MA and Fib resistance levels -Bitcoin must...
💎Technical Analysis Summary💎 BTC/USDT -After the breakdown of the upward trendline support and 50D MA -The price continued lower and currently testing the 100D MA area -This is the second day of trading just barely above this important moving average -If the Bulls failed to defend this current level -Bitcoin could drop to 44k area which coincides of previous...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -From my update last week, the price continues to fall to 100D MA -ZKIN touches the 100D MA 3x and we saw a bullish rejection on it -The 5 dollar zone is acting good support in the midterm area -Currently, it is starting to break outside the trendline resistance -This is a good sign because it may have found the...
💎Technical Analysis Summary💎 ETH/USDT -Ethereum found support at the previous resistance level of around 2000 dollars -We saw two bullish rejection at 2k and confirmed support yesterday with a bullish candle -If ETH can send more follow-through today and tomorrow -I think the potential to challenge the recent swing high price increases -And if an all-time high...
💎Technical Analysis Summary💎 Bitcoin CME Futures -Bitcoin creates a big CME price gap from 62k down to 57k zone -We didn't see any bounce up reaction to fill the big CME gap above -But what BTC did is filling the small gap last March 29 around the 55k-54k area -Currently, the price is trailing just above the 200MA support at the 6H time frame -If BTC holds...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin just had a failed breakout after hitting a new all-time high recently -The price broked the upward trendline of support and touches the 50D MA -Currently, BTC is trading below the 50D MA which is not a good sign -But we saw a bullish reaction at a key level around the 51k region -We have two possible scenarios for...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin made a new all-time high price and now retesting previous resistance -The previous top is around 61k-60k dollars which may act as support today -We can see the red candle is reacting to this zone -The bulls are trying to push the price up or buying this price dip -If this area can hold for the next 2-3 days, I...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK continue to trail below the trendline resistance -The price is currently rejected by the 50D MA -We haven't seen any strong move up by the Bulls -ZK is now -60% from the high price -When do we expect any potential reversal? -Since we have lost the 50D MA area -The next important key level of support is at 5...
💎Technical Analysis Summary💎 BTC/USD -After consolidating inside the ascending triangle pattern for many weeks -The bulls finally pushed the price into a new all-time high -The price almost hit the level of the 65k dollar -If we can see more follow-through from the bulls -I expect the next upside target is 70k dollars -But if a pullback is in play, the 60k...
💎Technical Analysis Summary💎 BTC/USD -The bounce from the support trendline 4 days ago is still valid -BTC is playing around 60k dollars but having difficulty passing 61k resistance -If we will follow the end of this triangle pattern, there is still 4-6 days of trading left -The time is running out for the bulls, they must clear the resistance as soon as...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin found support at the trendline area again in the confluence of 50D MA -The price is currently experiencing minor rejection at the 59k resistance area -But that is fine as long as the upward trendline support holds -I am expecting a breakout within 1-3 days -If I'm bullish, I want to see BTC clear the 60k region and...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK continue its short term correction today -The price has entered the mid 7 dollars range -The 50D Moving Average also entered the 7 dollar level -This will likely catch up with the price and potential give extra support -If I'm bullish, I want to see ZK hold the yellow box above the 50D MA -Because if we hold that,...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin faces another rejection at the flat resistance zone -The price is likely to retest its upward trendline of support -The trendline support is a confluence of the 50D MA area -If the Bulls will repeat the recent bounce at support trendline -Then, this bullish ascending triangle will increase its probability -We...
💎Technical Analysis Summary💎 BTC/USD -The mini consolidation from my last published idea hit my 56.k target zone -The 20D MA acted good support and currently holding the price above the average -This is a good sign in the short term price action as the Bulls defend that region -Bitcoin may likely be forming an ascending triangle with an area of resistance...
💎Technical Analysis Summary💎 BTC/USD -After the bullish rejection at the 50D MA for the 2nd time -Bitcoin is up by almost 20% from the recent daily higher low point -Currently, the price has been consolidating in this small range between 56.6k-60k dollars -If this a mini bull flag to break into a new all-time high price? -Or a little weakness as the bulls are...
💎Technical Analysis Summary💎 ETH/USDT -ETH is back above the 2000 dollar area making a new Higher price -After breaking the 1900 dollar resistance zone, the Bulls came back strong -If we can see more follow-through in the coming days or weeks -The price could hit up to 2500-2800 dollar zone using the Fib extension -But if a pullback is on the card, our...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN closes the monthly candle of March with a strong bullish momentum -This is the 7th consecutive green candles since September 2020 -The price is above the monthly support of 2017-2018 trading history -The RSI is above 70 level which is a good sign of strength -If ZKIN may retest the historical support, it must...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK International is currently retesting the 0.618 Fib level -This zone is a confluence of 20D MA support area -The pullback from 14.7 dollars down to the current level is still healthy -We are just looking for another potential Higher Low zone -The bulls are waiting and looking for the best opportunity -The 50D MA is...