Similar to ETH, a weekly close under the last ATH would be bearish. Lots of room below across all cryptos that have gone up 100s of %. If you haven't taken anything off the table this may be wise to do so.
A close under $4614 will be bearish for this pair on the HTF. Big reversal signal if we close as a bearish doji like now. A top wick before breaking the low of this current weekly candle. The previous weekly candle closed below the ATH and now this is looking like a liquidity grab before a move lower. A weekly close above the previous ATH would be bullish.
Took a long on this pair, solid candle closes at this level.
Fibonacci set up on this pair, the recent push to $1.34 was a head and shoulders right at the 78.6 retracements. Zooming in further makes it more likely to continue lower from $1.29 - $1.30
Taken out the last ATH on this pair, now should have a solid move back down. First support zone shown and last low below, aligns with overall short term bias.
Nice fib set up on the daily along with the bearish trendline. Had a solid rejection so far will be taking this trade.
Fib set up possible on this pair along with the Weekly chart posted previously. Might risk couple quid on this one.
just now Last time we were at these levels we had a head and shoulder. Expecting this weekly candle to close below this range. This is where a lot of selling pressure is, above the ATH is obviously free game but for now we have resistance here.
Trendline and support below at around $0.30 - $0.20. Very possible with a similar sell-off to last year but either way is a gamble near ATHs. Bit of a wedge forming as well should we hold up.
Bearish trendline held up. Check weekly for HTF downside potential. Weekly close beneath and a pull back early in the week would be ideal
Update on the downside bias for crypto in general, currently tapping into a bearish trendline. Also a potential fibonacci in play with the 78.6% retracement lining up with the resistance. Rejection at resistance would also create a head and shoulder formation, for another confluence. Eyes on XRP rn, dont think we will break above the $1.30 region for now but...
After some manipulation around ATH, this short looks solid now. We had a bearish candle close and also created an upper wick on the 25th. Now we are breaking the low of the previous candle which should continue lower. Will be putting money on this for sure. The fib is from the Monthly chart.
Currently at 78.6% fibonacci retracement on the intraday timeframes. Entered this morning now back to entry adding to position.
Long-term view of this pair, still waiting for regulations. Would be a perfect reason to crash this as its being pumped by USDT.
Potential reversal from here with this fibonacci retracement. A bearish week for a monthly close below the 78.6 would be great.
Last time we was at these levels we had a head and shoulder. Shown by 1 (green) and 2 (red), expecting this weekly candle to close below this range. This is where a lot of selling pressure is, above the ATH is obviously free game but for now we have resistance here.