PolarHusk

PolarHusk

💎Technical Analysis Summary💎 COINBASE: ETHUSD -ETH broke its short term upward trendline of support -The price is now at 0.5 Fib level, and currently holding as of now -If Bitcoin will not make further downside action -There is a chance for ETH to retest the previous green support line -But if more bearish price action is seen, -Expect to test the lower 0.618...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -The candle is about to close in 4 hours -This will be its highest weekly candle above ATH -Can we get a retest back to 20k dollars previous resistance? -I don't know but many traders are waiting in the sideline -It is a really interesting 1st quarter in 2021 for Bitcoin -A confirmation of the Bull market has...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -This ascending triangle pattern broke to the upside -And making another new ATH for Bitcoin around 24.2k dollars today -This is a sign that Bitcoin is not yet ready for a big correction -I'm expecting it to move sideways again for a few days -Provided the previous resistance becomes new support -Waiting for...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Temporary top is found for Bitcoin today around 23.3k dollars -Also, local support is being established above 50ma in 1 hour time period -Bitcoin might be forming a small triangle, potentially descending? -The support area is only tested twice, will it bounce again for the 3rd test? -Or it will finally break the...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin is now testing its mid-term trendline resistance -Plus this zone is a confluence of Fib ext 1.618 level -I'm not saying BTC will drop now but only looking at a possible profit-taking zone -Bitcoin All-Time High is all over the internet news -Extreme FOMO can easily pierce through this level of...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: SKLUSDT -The price action is technically bearish for the last 7 days -We can see a series of Lower Highs and flat area of support -This is not a good sign, because this support becomes weaker over time -Most of the time, this triangle breaks to the downside -Please be cautious and always to follow your stop...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -New All-Time High for Bitcoin today with strong volume -Many short position orders has been liquidated or stopped out -After breaking its recent top around 19.9k dollars -Since this is a new high, potential price discovery will happen -I have used the Fib reverse extension to potentially see the next minor...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin is back at its previous resistance zone around 19.6k dollars -We can see this area is a flat rejection point or Ascending Triangle pattern -Make or break for Bitcoin otherwise it will drop back to the trendline support -And things might not go well once back in the bearish territory -So please always...

PolarHusk

💎Technical Analysis Summary💎 NASDAQ: ZKIN INTERNATIONAL GROUP CO LTD -After 700 days of consolidation, finally, the price broke to the upside -We can see the BB indicator started squeezing last June - Oct 2020 -And then a strong breakout direction is seen to the north -We still have 17 days left until the monthly candle closes -If this month of December is...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin did a good job finding support at 0.618 Fib level -It is now trading above the 0.5 Fib of a potential new bigger box -If BTC can maintain within this bullish zone in the next few weeks -The probabilities of another move higher will increase -For now, the Bulls are still alive in the short term -No major...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: ETHUSDT -ETH tested the gold Fib zone twice and currently still holding -It is also a confluence of 50ma on the 12H period -Looking at the technical pattern, it is painting a potential bullish channel -The confirmation is the breakout above the trendline resistance -This will signal an upside short-term movement -If your...

PolarHusk

💎Technical Analysis Summary💎 NASDAQ: ZK INTERNATIONAL GROUP CO LTD -ZKIN broke out the weekly strong resistance zone -This confirmation is followed by a strong volume above average -This is normally expected during a long consolidation since Mid 2018 -The 50MA & 100MA on the weekly chart is about to cross bullish -It is a good sign in the mid-term price...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin bounce off perfectly at 0.618 Fib with the confluence of 200ma support -A more than 5% small run-up giving some Altcoins a relief day -I think the Bulls showed some strength in the short term -Things are about to get choppy now because -The price is already trading Between the 50ma and 200ma zone -The...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -3rd rejection or 3rd lower high at 19.3k dollars -The price fell back at the previous support area -We can see the Bitcoin is forming a flat zone of support -And multiple lower highs painting a bearish triangle pattern -This is not a good sign in the short term -Also, the price is now below the 50MA on the 4H time...

PolarHusk

💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -It seems 19.5k dollars is acting as a strong resistance zone -We can multiple rejections around this region -On the technical side, it is forming a symmetrical triangle pattern -If this pattern breaks to the upside, it will turn out a continuation flag -But if it breaks down the downside, expect the CME gap to be...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: EGLDUSDT -EGLD is up over 140% from the daily swing low up to the recent top -The price is currently trading at a strong resistance zone between 0.5 - 0.618 Fib -There is no sign of Bearish rejection yet as the daily candle about to close in a few hours -If we want to stay in the Bullish momentum, EGLD must hold within this...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: XRPUSDT -XRP potentially broke its neckline of support for this H&S pattern -If the Bears can send more follow-through in the coming hours or days -The potential next area of support is located around $0.48 -That is like a -20% downside move, it is a long process if it will happen though -So I'm giving this as a warning...

PolarHusk

💎Technical Analysis Summary💎 BINANCE: ETHUSDT -ETH is at the apex of this ascending triangle pattern -Normally, this pattern usually breaks to the upside -We can see the resistance area has been tested 3 times -If there will be another 4th test, I think it will be broken upward -But the safest approach is to wait for the breakout direction -Either up or down,...