Rhaonnor

Rhaonnor Updated 

Last two days volume is higher than before. Nonetheless, price is stuck below $47.5k with little fluctuations. Last two candles have small bodies are longer tails. In a technical point of view, that’s bearish sign in the short term. Maybe a correction is coming. It is not a good idea to open a short position if you are a novice trader. But it is better to...

Rhaonnor

In 4H LTF, volume is decreasing last 7 days while price is rising. That increases the probability of an upcoming short-term retracement. A possible support is around $45k. I doubt if it will reach 0.382 Fibonacci level, all it's possible in crypto. Don't forget there is a war is process. Nuclear war threats, etc. It is not recommended for novice traders to open...

Rhaonnor

Bitcoin find strong resistance at $45k, at least in the short term - I think everyone expected that. Volume is above MA. Market sentiment has begun to change. 1) There are great news about crypto, in the last days. 2) (Sadly) The media no longer attach much importance to the war and to all the victims. If $45k rejected, next support is the bullish trendline...

Rhaonnor Updated 

CHZ is ranging since March 2021 – almost 1 year. Support at $0.20 was tested many times before it breaks and price drops at $0.16. After a couple of weeks of accumulation, price pass through $0.20 to $0.24 confirming in this way the shakeout/spring. The are some long shadow candlesticks between May and June 2021 - an indication that large traders entered the...

Rhaonnor

Those are the most important Supply and Demand zones, Support and Resistance levels.

Rhaonnor

BTC is trading in an ascending triangle since January 22. It just closed slightly above the bullish trendline & support level at $38K . If this line breaks, next stop is $35k. If $44k resistance breaks we will see soon $50k. I expect a drop a drop near $35k or a little lower.

Rhaonnor

Yesterday, BAT found strong support near $0.58. It bounced very quick in the same day and closed at its open price, formed a dragonfly doji candlestick. That’s an optimistic sign at least in the short term, because it seems that large traders entered the market. Low volume (locally higher buy volume). Maybe the last weak hands are eventually out of the market....

Rhaonnor

Hello to everyone, ADA is testing once again the psychological support at $1.00. This level was tested successfully several times in the past. A bullish confirmation will come after the bearish trendline break out and a stronger signal after the resistance break - near $1.50. The current price gives a high R/R ratio for long positions. Current tensions between...

Rhaonnor Updated 

NKN is traded in a huge rectangle since May 2021. Price respected the ST bullish trendline one more time, while at the same time is remaining above the 20MA for 10 days. A break through the MT bearish trendline is a matter of time. After that, the next resistance is near the LT bearish trendline. If accumulation is completed, SZ breakout will be no If you’re...

Rhaonnor Updated 

Today ZRX shows the first sign of strength and a bullish reversal sign after a three-month bear market with a long green bar - accompanied by relatively high volume - started near $0.58 strong support towards resistance area – previous high. One more bullish sign in the short term is that price closes above 20MA. Yesterday, ZRX tested support level, formed that...

Rhaonnor Updated 

IOTA is traded in a huge triangle since April 2021. The area between $0.78 – 0.69 is considered as a high demand zone. Price may reach the bullish trend line, before the upward movement, but I doubt if it will fall and stay below $0.78. At the time of writing this report, Iota is retesting $0.85 support – previous resistance level. That’s a very good opportunity...

Rhaonnor Updated 

BNT is ranging since May 2021. Support that built at $2.66 on June was tested again one month later in the form of a fakeout. In January 2022, price passed through $2.66 and found strong resistance in the high demand zone between $2.30 – 2.08. In the 4H LTF, BNT was accumulated between 22 Jan. and 05 Feb. That in conjunction with the long tail candlesticks - in...

Rhaonnor Updated 

Yesterday, there was high buying pressure (high volume) but the price raised only +0.96%, that's a good sign that large investors absorbed all crypto selling orders. Bitcoin and Ethereum broke resistance zones in relatively high volume. Entire crypto market will follow soon. I expect Aave will break above $170 tomorrow or in the next few days. If you want a...

Rhaonnor Updated 

AGIX was traded in a falling wedge since September 2021. On 21st January price breakdown the lower trendline and find strong resistance between $0.13 and $0.11 – a high demand zone. Panic selling caused by market uncertainty, Russia – Ukraine conflict, etc. is over and whole crypto market is seeming ‘pretty healthy’. These in conjunction with the relatively low...

Rhaonnor

Markets are falling due to uncertainty caused by the latest events on Ukraine, etc. I think most panic sellers left the market during the last sell off on the second half of January. So, there is a lower probability to see a lower low. Crisis brings opportunity, It is hard to say, but in such horrible situations, like on the brink of a war, whales are...

Rhaonnor Updated 

BTCUSD break two trendlines and support at $37.3K on 4H MTF. If the break below the support is valid we will see $33K levels soon. If that's a fakeout and Bitcoin break above $38.5K, is likely to see a violation of the $40K resistance.

Rhaonnor Updated 

BTC breakout above $37250 LTF resistance. After the breakout test this level as support and continue the uptrend. Expected target $40K - $42k strong resistance zone. Stop Loss just below $37K High Risk/Reward: 3.5 – 5.4 Always Do Your Own Research!