Mission is simple, 1. Wait for break out 2. Buy the retest 3. Moon
Entries are the cluster area or the retest of current resistance level after breakout.
Whatever it is, it's just above the buy zone. You can reduce the risk to enter a bit early! It may not test the buy zone because of the market situation.
Either of areas are good entries, you can buy if it drops to lower support area (avg. 2200 SATs) or buy after breaking out of resistance area (avg. 3300 SATs). I see two major targets for it as shown on the chart.
Retest of current resistance after breakout can deliver a perfect RR.
Looking at things from a different view can always help! BTCEUR is trading in a range just like BTCUSD but not as many fakeouts here and much more horizontal! The bottom of mid-term range where BTCEUR is currently sitting (7900) can break soon since there is not much liquidity left, we may see a free fall like previous times to 5k area (6k on BTCUSD) or even lower...
A better entry with lower risk can be after breaking down the 1.1894 level. However even right now we have a decending triangle formed, and a broadening wedge which may be considered a continuation pattern. In another view, the area around 1.4 level which has been bottom for couple of times was broken and retested successfully, and a lower high was created that...
The bearish channel is the most clear thing here to me. You may say there is a big inverted Cups & Handle or a possible Head & Shoulders pattern in near future. You are not wrong, but whatever it is EURUSD should not break out of the bearish channel, otherwise bearish scenarios will fail. In case EURUSD breaks the 0.618 level it will be even much easier to drop...
As you can see we have a strong S/R zone in the middle, clearly respected many times, and expected to hold the price down until we get a higher low before reaching it. However, breaking it will signal a buy.
ZEC rejected from top of falling channel and broke out of mid-term rising channel. I expect it to test long-term bottom again and could go for bottom of bearish channel if $26 does not hold. If we see a bullish breakout from longterm channel $75 will be my target as range high.
After multiple rejections from 63x recently it was broken. We can say it is in the buy zone. after breaking out of 714 (weekly resistance), 0.85k 1k and 1.4k are easy targets for ONT.
Previously Silver had consolidated around current levels for six months, and it is facing that range again after the break out which was followed by a massive sell-off. We can expect a strong rejection here. Final target will be bottom of longterm range.