PolarHusk

PolarHusk

💎Technical Analysis Summary💎 NASDAQ: ZKIN -After multiple Bullish rejections at new support around 2.8 dollars -Finally, a strong Bullish candle broke above the trendline resistance -What we need to see is more follow-through from the Bulls in the coming days -We have two potential Bullish scenarios here to watch -First is a retest of previous trendline...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin is trying to break above the trendline resistance today -There is still less than 6 hours left before this daily candle closes -If the BTC can hold around 33k-34k dollars, that would be a good Bullish sign -This will give us a strong bias that the trendline resistance is no longer valid -If it can form at...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin tested the weekly 9MA support area -We can see Bullish rejection around the 28-29k region -The weekly candle will close in a few hours -If this candle close above 32k level -There is a potential weekly consolidation on the way -During the long period of sideways action -Altcoins may outperform Bitcoin in...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin did a good job confirming the 50D MA as support -The price went up from 29k to 38k dollars or 31% increased -We only have few hours left before the daily candle closes -If Bitcoin can finish the day above the trendline resistance -That is a good sign for the Bulls and our bias will shift back -For now,...

PolarHusk

💎Technical Analysis Summary💎 NASDAQ: ZKIN -The price respected the 0.5 Fib support level twice -Today's candle is the confirmation of a new support area -Currently, ZKIN is testing important resistance trendline -This is the level that needs to break to continue its upward move -If this resistance level can't be broken today -Next week trading would be really...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Okay, yesterday's candle turns out ugly a few hours before the daily closes -This is the one I'm talking about that the Bears can easily enter the market any time -Today, the bulls are defending the 30k area of support -This is very important in the short-term to keep the Bullish bias alive -If the horizontal...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Today is a good day for Bitcoin as it manages to pass the mid-line trendline -This is a sign of strength so I'm expecting the price to test the upper trendline resistance -We have new short-term support below the daily candle around 32k dollars -If Bitcoin can break above this descending channel that will give us...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin almost touches the daily 50MA support area -The Bulls bought the dip and bounced up to a 17% increase -BTC is now testing the midline of this descending channel -If Bitcoin will just trade above the 31k area in the next few days -I'm expecting the 50MA will catch the price and hopefully act as support...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BEAMUSDT -BEAM may have a potential reversal pattern in the weekly chart -We can also see the volume is showing signs of buying a present -The only issue now is the long-term trendline resistance -Which keeps the price pushing down every time it is tested -If we can see a good clean breakout above this trendline -The...

PolarHusk

💎Technical Analysis Summary💎 NASDAQ: ZKIN -It seems the 3.7 dollar is a strong resistance zone -The price was unable to break its previous High -ZKIN has pulled back to its 20MA support area -We still have a few hours left before this daily candle closes -It seems to be the 3 Dollar zone is acting as a good support -This is also a confluence of previous...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -As mentioned yesterday, Bitcoin showed signs of weakness -The price broke support in the 4H timeframe sending the price to the 31k dollar area -It is currently testing the midline support of this descending channel -Can we expect a bounce from this level? -if not, it will likely go down to the lower channel where...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin is rejected at 38k dollars sending the price to its horizontal support area -We can see the Bulls are defending the green support zone as the price is pushing up -The Bulls are getting weaker due to a series of Lower Highs -If the Bulls can't pass this trendline resistance -And come back down to retest the...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin is showing signs of weakness after the 3rd rejection of the trendline resistance -The price is coming back to its local support around mid 34k dollars -This will be the 3rd retest of this area and that is definitely not a good sign in terms of price action -We can expect a breakout of this triangle pattern...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -After breaking its upward trendline of support -Bitcoin is currently facing rejection on the retest -The good side though it still holding the 0.5 Fib support level -For me, this is a crucial area for the Bulls to keep the short-term uptrend -A break below 36k dollars is a warning signal -We must not ignore the...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin got rejected at the last Fib resistance level of 0.786 -Also, it broke the upward trendline support with a Bearish candle -During the strong sell, the price reacted at 0.618 Fib level -The 34k dollar is a confluence of 100MA support area -This time around is crucial for the Bulls because they lose the...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin just had a -28% retracement from its recent ATH around 42k dollars -The price came down a retested the 20MA support on the daily timeframe -On the 3rd test, BTC bounce off strong and potentially will close the candle in green -This is a good sign in terms of price action and trading above the 20MA -If the...

PolarHusk

💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN did a good job breaking above the previous top around 3.06 Dollars last Jan 5 2021 -The price climbs up to the Fib extension resistance 1.618 or around 3.82 dollars -ZKIN has pulled back -19% to retest previous resistance of Nov 25 2020 top -If this is can switch into new support territory in the next few...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin found support around the $30.4k region -The price bounce up to 36.5 dollars -But having a problem breaking above the 0.5 Fib resistance zone -If Bitcoin can't go back above the bullish zone -This is a problem in the short-term -A strong rejection could lead BTC down and retest its recent low ⚠️Please...