There is no supply pressure looking at 1D TF, and at 1H TF, selling pressure is cooling down. Expect another leg up to reach ATH and even higher. Entry : Spread orders from $3.06 to $3.00 SL : $2.8 Target : $3.6 (short term, 1M) and beyond (long term, 3M),
The previous ascending wedge (bearish indicator) is broke out and now we are on a smaller scale descending wedge (bullish indicator). Currently ICP is at key level of $49 ish level, breaking out the descending wedge and holding the support level of $49ish will signal reversal. Neutral at the moment until the trend is reversed to uptrend but bullish mid-term. Enter...
$0.34 level of resistance was broken and holding strong. Flag pattern spotted and the next level of resistance is around $0.44. Good risk and reward. 30M TF is showing strength of holding, re-accummulation is happening and rampant run could be expected. Entry: around $0.34 SL: $0.31 TP: $0.44
Observed H&S at 30min TF Short: 129 TP : 115 SL : 133.5
SOL is forming and ascending wage and have made higher low after breakout. BTC is having a small correction at the moment. Take not on price action of SOL. Entry level $148 to $154, go for stacked order TP: $200 range SL: $135
Inversed H&S broke out, double bottom on trend line. Long potential Entry : 10.20 to 10.40 TP1: $12.60 TP2: $14.60 SL: $9.2
BTC broke $43k and re-tested $43 during small correction. The rebound is clear and in mid term $43k acts as new support level. Next level of resistance to break is at $50k, the level was tested 4 times from Mar to May and once that level is broken we are on the way to $60k level. Do expect correction at current $46/$47k level but shorting is suicidal against short...
BTC currently stands at $43.5k breaking daily resistance of $41.5. Higher lower is another indicator that BTC is on the uptrend and we are clearly out from $30k bottom. If BTC plays through Elliot wave 12345, then we are now on wave 3 and potentially heading to $53k to $57k area. Verdict : Long, buy now or wait to re-enter at $42k SL : $38k TP1 : $53-$56k TP2 :...
ETHUSDT is current on wave 5. Room for profit is extremely tights whilst chance to go for ABC correction is higher. Expect correction around $3.3k area. Longer term ETH is still bullish, if you would like to play for short term gain, short is very good opportunity. Verdict. Buildup short position around $3.3k area. SL: $3.5k Tp: $2.9k Very tight and short term play.
Ascending triangle for COMPUSDT spotted on daily time frame. Double bottom and impending breakout soon. Very good double bottom confirmation and good entry level at the moment. Mid term play, suggest to hold at least 1 months to see the play. Entry : Around $440 SL : $318 TP : around $740 to $760
4H parallels trend broken, volume is extremely strong and basically see not much of sellers at the moment. Interesting to see that 1D timeframe is touching the limit, daily closing above $32k would signal a reversal. Verdict: Long 4H timeframe, wait to re-enter at $31k.
Base upon Elliot impulse wave considering S&R at different time frame (1D, 4H & 1H). Entry : $31 to $31.3 TP : $35k SL : $30.5k S&R Color Legend: 1D : Dark Blue 4H : Pink 1H : Light Blue
BTC 1H death cross, 4H and 1D pointing to death cross as well. 4H playing in downward parallels trend line with triple top and failed to breakout, imminent correction as 4H shows low volume strength. On top, with all time frames pointing to the downside, expect price to go $30k or even below. Verdict : Short $34.4k, TP: $30k