Sober_Trading

Sober_Trading

ETC has a nice and neat upward trendline, and the price is touching the trendline again. We have some weak signs for continuing the growth, and it's more likely that the price will cross the line. There is a lower high, where we had a powerful rising candle that didn't continue. These signs show us weakness.

Sober_Trading

AVAX broke the supporting zone and can fall to the next demand zone. The previous zone can act as a resistance now, so probably the price pullback to it and after that decrease more. Don't get FOMO, and don't buy on the pullback.

Sober_Trading

The BTC price couldn't cross the $25K level, and it just made an exhaustion gap. The latest rising leg is smaller than the previous one, and this crossing of the last high is smaller than the previous one. Don't open long positions at these prices; we will probably have a pullback.

Sober_Trading

The CRO price is now on the top of the channel, which could be strong resistance. As you see, there is a long candle at the end of the bull run, so that it could be an exhaustion gap. The price trend has been reversed three times by this pattern in this channel.

Sober_Trading

These channels were accepted by traders, and they are valid, so be aware of these resistance zones. Don't open the long position at the top. Wait until the price makes a weak pullback that shows the rising could be continued; otherwise, don't get FOMO to buy without signs. The supply zone is entirely valid and is a strong tension zone within the daily time frame.

Sober_Trading

Matic price could have a massive move after it crosses the triangle edges like the last triangle pattern on this chart. Besides, BTC always affects altcoins, and it's in the trading range now and will probably rise to the top. So the uptrend scenario has more possibility for MATIC, But we must first wait for the CPI and PPI on the following day.

Sober_Trading

FTT is at the important zone now in the daily timeframe. The price has been falling about 70% from ATH, while this drop is 90% or more for most altcoins. Additionally, it has a double bottom and almost a higher low in the lower time frames, so it seems to be good to buy for the mid-term and long-term at these prices.

Sober_Trading

In the left chart (4H time frame), you can see buyers are weak now and couldn't push the price to cross the supply zone (136.4-136.7) The angle of the upward leg is lower than the downward leg and shows a possible pullback. On the other hand, in the 1H chart, we have a large green candle, which after that, the price completely reversed with two candles, so it's...

Sober_Trading

Don't rush! Read the description first. There is a couple of technical and price action supports at this level. If the reversal signs appear, we will buy at these levels. Please don't rush to buy; it could be a pullback, and the price could go deeper. Remember, the reversal signs and patterns could be in the 1H time frame.

Sober_Trading

AVAX shows a couple of price action falling signals. We have two lower lows and a lower high, and the support zone has broken on the 15m time frame. You can short it at these prices to the next support zone and manage your position on that level.

Sober_Trading

Buyers are weak now and couldn't push the price to cross the supply zone ($22K - $23K). Attempts to cross the previous high failed. All price action data shows that it's hard to break this resistance zone, and probably we will have a trading range between these two tension levels.

Sober_Trading

We have an inverse head and shoulders pattern on most coins' price charts. Some of them are at the beginning of the pattern, like BTC, and few have completed the pattern and reached the target, such as MATIC. Do you think this classic pattern will work on all charts? I don't think so. That's a little hard, and there isn't enough money to make the market bullish...

Sober_Trading

Pay attention to these two candles. It could change the trend and make the price bearish like it did last time. When the market attempts to go bullish, but whales don't support the trend, we will have the strong bullish candle and a Doji candle after it. On the other hand, this candle is more likely to be an exhaustion gap than a real bullish candle.

Sober_Trading

BTC price decreased about 35% in the 36 days (May 12 - Jun 18), while ADA price didn't change significantly and increased a bit. Also, the $0.4 resistance works well on ADA and can push the price. It seems to be a perfect opportunity to buy ADA. When the market goes bullish, ADA could rise more than BTC and other altcoins.

Sober_Trading

There is a high possibility of a trading range at these prices, and with this breakout, we can have a short bear trending to the bottom of the trading range. So use the opportunities at the top and bottom and make a profit.

Sober_Trading

After the BTC price fell to $26K, we had a trading range for a month, and last week the price broke out of the demand zone and decreased to $18K. We must know that this is a second leg; if the price goes deeper, it could be reduced as much as the first leg. So the target could be $16.5K. Additionally, a strong trend line and static support zone in a weekly chart...

Sober_Trading

The price didn't rise significantly on the last try. On the other hand, all three rises are so emotional because of their rising speed. There is not enough demand to push the price up.

Sober_Trading

Remember, if the BTC price breaks down this demand zone, the price will go deeper. On this chart, we are searching for the short positions, but don't rush; not yet