daymouse

daymouse

BINANCE:OCEANUSDT , 1d Price is trading above the 200SMA suggesting that the long term trend is intact. The downward trendline has been broken and has been consolidating for the past two days. On the 4h, price has formed an imperfect cup and handle with the consolidation being the handle. The MACD line has crossed above the signal line indicating a bullish...

daymouse

BINANCE:KAVAUSDT , 1d After reaching failing to break it’s 2024 high around the $1.15 area, price created a lower high and broke below the 200SMA forming a lower low. This creates a bearish sentiment for KAVA. The downward trendline aligns with the stiff resistance created by 200SMA and previous support turned resistance. This is a key level where bears will...

daymouse

MEXC:TWTUSDT , 1d Following the breakdown of the descending triangle, price also broke below the 200SMA. Now price faces a major resistance level since this area is, 1) previous support turned resistance 2) descending trendline 3) 200SMA Bears will look for opportunities to sell the market at this resistance level. Bulls are in for an uphill battle after...

daymouse

BINANCE:XVGUSDT , 4h On the daily timeframe, price is trading around a previous swing low area which is also above the 200SMA suggesting the long term trend is bullish. On the 4h, two chart patterns are emerging; 1) Descending Triangle & 2) Cup and Handle. It is prudent for traders to wait for break out or break down of the pattern to initiate a trade. For a...

daymouse

BINANCE:BTCUSDT , 1d Market is trading between $63,000 and it’s all time high, $73,000 levels. Swing traders can buy at the support and sell the resistance of this range. On the contrary, Breakout traders will wait to trade the breakdown or breakout of the range. BINANCE:BTCUSDT Price recently broke below the 50SMA which could signal a mid-term...