Target: The box area, blue box. Reason: As you can see the arrows basically shows the points where price touching the green line 50 EMA before falling down. I noticed that this pattern one week ago and it shows enormously a lot in my opinion. This indicates that there is a resistance running along this line. You can see that two shooting star candles were formed,...
Instructions: At the moment, everything is following BTC movement. In a scenario where BTC goes up, STRATBTC would probably hit a target around the green line (50 EMA) or pink line (200EMA). It would hover around this area (Hit a top then go down to point .a or hover between pink and green without much price moment). In worst case, the price will drop down to the...
The purple line shows the current support area for NAVBTC. While it seems like a strong support, be aware of current market situation (Bear market). A head and shoulder can be seen on the chart also. The black line aligned under the head and shoulder shows the heavy resistance area. This means that it will probably take a long time for NAVBTC to recover if the...
Possibility: Around 100% fibonacchi retracement or a little bit above. The fall could be short but yeah... Reason: Resistance is coming in every single time that the support tries to push back. MACD doesn't show promising indication of bulls buying in (This goes for 1H chart also, where the MACD is slowly turning downwards). The price is sticking to almost the...
Target: Price equal or above green line (50 EMA, a bit) after stabilizing (Guessing a few hours) Reason: NAVBTC is still in a bearish flag if you look at this drawing (Good or bad? You decide). I expect it to at least rise again to 50 EMA which is around 21,5K satoshi at the moment. From that point, we will be able to see if it is a bullish or negative sign. Time:...
Target: Around the upper black line or above. Reason: Long term support 200 EMA seems to be relative supportive of this. It seems like a bullish flag is about to form. It will probably go up to the black line where resistance is. One day, MACD doesn't look too bad (I am looking at 4H, but I checked). It may seem like it's going to fall on MACD 4H but I believe...
Target: The black line with fibonacchi extension. Around that area. Between middle of 1 and upwards to 1.618 Reason: A bullish triangle seems to have formed. Watch carefully because there is still a small chance that it will go down if it breaks the lower part. MACD will probably reverse itself within 2 days (Estimating). One last ride... Maybe, probably... Pretty...
Target: Bounce from pink line (A bit or a lot from the long term line) Reason: A falling wedge has been formed. Clearly, sellers are putting pressure on top of the chart. Let's see what will happen at this point. I suspect that it won't be going too far up. The price will probably meet the long term 200 EMA. A bounce to the black upper line will probably happen...
Target: Expect a heavy drop to the pink line (200 EMA on 4H). From there, we will see what will happen. Reason: The price will probably stay around this level. MACD shows that bulls cannot beat the bears (Bears incoming). A bearish flag has already formed also. Even if ethereum happens to spike, I suspect it will not go above the black line. Prepare for a fall....