Significant support/resistance level. RSI's are oversold. Taking a long here to retest resistance and for a slight pull back from the dump we had yesterday.
Sol currently at 2 major supports Could we see a rally up after the shakeout that just happened? Regardless of the big drop the general sentiment is bullish. We will see if the bulls can keep the buys flowing through.
PEPE retraced back to the 0.618 fib level and saw a strong rejection after the correction from the top of the range. I expect a pull back to test the strong support before we see a rally higher.
Jasmy has broken out and reached the top of the channel. I can see a 5 wave structure to the upside and expecting an A,B,C correction before we rally higher.
I understand we have had a lot of bullish news and a potential for a rally and everyone is anticipating a move towards the up side but looks like we are trading in a range and a healthy pull back before the move up is still necessary. This is just my opinion.
We have hit the 0.618 fib level of retracement and also we are at the top of the range. High probability we test one more time.
We had a nice rally along side BTC and the rest of the market including the stock market. In our previous Long trade we took some advantages of this rally. I will be entering a short from this position for these reasons: - Lower low and lower highs - the 21 EMA&SMA has been a significant level where price rejected on corrective rallies - Very strong support at...
Fet has been trading in this range for quite some time. Long trade reasoning: - Bottom of range - RSI oversold - MACD potential flip over
We are at a key resistance area at the 100EMA. Will be looking closely to see price action but we could see a potential downside to test the bull market support back around 0.48 before we see further upside
Avax has been trading in the descending range Why I think there will be more downwards price action before we see a higher rally up. - Key resistance in the descending range - Key support/resistance area - Next support aligns with the bull market support band Tight stop loss has been placed since we never know with these markets.
Chainlink potential downside - Rising wedge pattern - Key resistance area - RSI was very overbought
I understand with the BTC ETF hype and narrative pushing towards alts we could see more upside but based on technical analysis we are at some key areas. - Potential triple top formation in the range. - Potential head & shoulder formation - A key descending resistance line that dates back to late 2021 and early 2023 - We have seen another rejection off the area...
Eth has broken through it's strong resistance with strong price action. Next target is 2500 Happy trading everyone
We have had a nice run up in the cryptoverse and we saw huge price movements in the last couple months. Eth has been trading in this range for some time now and the price action has managed to break through the upper range where price reacted every time it touched. But if the daily candle closes below the range again, we might see a slight pull back. We may see...
Strong resistance area around 35-37k zone. Believe we can take a breather before we go up as the market is running on a lot of speculation and fomo. If we see further upside price action and we clear through 37000 this is invalid.
Strong resistance at the yearly high, expecting a pull back but of course never know. if price breaks above this is invalid.
Of course I am very bullish in Eth but in the short term I am bearish. Rising wedge = bearish & historic resistance It has shown in the previous price actions this is a very strong resistance level and usually we see a movement towards downwards and based on probability i believe it will happen again. But of course trading is reactive not predictive, if it...
We have broken down from the uptrend and started forming a lower low lower high Price is strugglingg to break through the range and to record lower highs that support the chances of continuing the recently suggested negative scenario.