BTC briefly wicked below 30k and buyers stepped with big buying volume. For now the price of btc is trading within a descending broadening wedge which usually indicates a bullish reversal. If price continues to also trade above the VWAP we can confirm an uptrend in the short term. The bearish scenario would result in testing 29-30k level again, which can cause...
In the 4 hour timeframe all indicators show price weakness. For now btc has broken down from the previous support level and a candle close after a candle wick rejection will validate a support now flipping into resistance. This further confirms the price will remain in the descending channel. The monthly CPR support level will prove to be a good place to enter the...
The price of BTC has shown a lot of weakness after a week long fud storm. The ema ribbon is in a complete downtrend as the moving averages begin to diverge and expand. Moving forward, the lower 30k level has shown great support in buy volume which will limit the extensive sell pressure. The normalized ATR and %R momentum indicator have also shown the same reading....
By now everyone has seen the bump and run as well as the head and shoulders pattern for btc play out. For now bitcoin has pulled back and has closed exactly above the H&S neckline which is also a trend based fib level (.382). The indicators are currently looking weak for btc price action moving forward, so definitely keep an eye out for what bitcoin does next...
A bull flag has been formed on the 4hr time frame for $DENT, which shows price action will continue to the upside if a break out occurs. This flag is also forming in the .5 fib level zone which has acted as good support. For now the indicators are showing weakness so a continuation of side ways price action within the bull flag can be expected. The break out...
After a daily candle close above the neckline from the double bottom, BNB is in a confirmed uptrend. All indicators show a bullish momentum in the short/mid term. For the best entry, buy the retest of the neckline which is also the .5 fib level
One of my favorite layer 1 projects is ready for another leg 🔥. Lots of hype could fundamentally push solana to new highs, but for now there must be more bullish confirmation from the indicators to support an incoming break out of the bull pennant. Best entry is the retest of this pennant. Fair warning the weekend usually brings weird price action so a break down...
Alice EMA ribbon constraining and price breaking above 55 MA. There is also an ascending triangle that further confirms an upcoming move to the upside. Entry levels are highlighted
The neckline of the double bottom is starting to get breached. A candle close would prove great upside for uni in the short term. A good entry would be the neckline for a long position.
After breaking out of the ascending triangle and retracing due to market volatility, UNI has shown a double bottom which could lead to a trend reversal and a new ATH. For now there is heavy resistance that could cause a short term pull back to the buy level (.618). This would be good entry for a long position depending on market conditions
The symmetrical triangle for MKR shows a possible break out within the following few hours. The bearish and bullish targets are highlighted. Safest entry would be a retest with break out confirmation in volume as well as a macd rejection or macd cross!
Solana has been one of the best performing alts. The momentum to the upside seems to be continuing as the top and bottom trend lines for the parallel channel have been respected. Waiting for a pull back to the .236 fib level/bottom of the channel would be the best entry for a long trade.
The trend for SFP has flipped to an uptrend after an extensive downtrend. Depending on market conditions SFP has a lot of room for upside after a double bottom break out was confirmed. The indicators and alligator moving averages are also flashing a bullish uptrend for SFP. The best entry would be the retest of .236 fib level since it has shown to be good support!
Celo has broken back into the rising channel after a solid pump. Within the next 4-8hrs a trend for celo will be established. If the bottom trend line of the channel holds it will prove to be a good entry area. If the price drops and closes below the bottom trend line then we could see further side ways action. A good entry to accumulate celo is the .5 fib level...
Eth has shown 3 bullish patterns that have been playing out successfully for the past few weeks. RSI has flashed a double bottom reversal so the remaining target is rising broadening wedge target. The best entry price would be the .236 fib level retest for the next potential uptrend
Altcoins have plenty of room for growth now that a multi year support has been broken. To further confirm downside and more upside for the altcoins, a retest or multiple weekly candle closes below this zone is needed. The next test level will be BTCD resistance of 2018
For the past 2 weeks btc has been bearish. There has recently been a breakout from a bearish pennant with solid volume to confirm it. The indicators used all flash bullish momentum. The alligator moving averages have also crossed in a uptrend for the first time since April 9th. To further confirm this uptrend a retest of key fib level .236 is necessary. It has...
An ascending triangle reversal pattern is playing out for Uni. The upper resistance of the triangle is the .382 fib level, a break out would be confirmed with a daily candle close above this resistance followed by good volume for more confirmation. MACD is also flashing bullish with a bullish cross, CCI is above 0 confirming uniswap is in a buying market making a...