FTM is forming a double bottom pattern with decent volume. If more volume comes to confirm, this could be the reversal of its downtrend. Also the recent fundamentals(weiss ratings review, token swap bridge with binance chain) of the coin are in sync with the double bottom pattern. Targets to look out for if the setup is invalidated are mentioned in the chart. RSI...
As the LINK market is in an uptrend for a while now before retracing from its ATH, I don't expect it to consolidate longer around the 4 hour 200 ema as it did earlier. Instead I expect a bounce on it which can take it to 30000 sats and consolidate at that area to continue higher.
Everything in the chart.
Everything is in the chart. In my previous article on BNB I said it would have to test 27 USD before rallying to 50 USD because of divergence in the indicators. But it rallied to 40 USD without testing. I wasn't able to see that it was playing wyckoff distribution top then.
HC found support above 30000 sats. 4 hour MACD and RSI are bullish. It is consolidating above 200 daily ema which makes it bullish already. A close above 36000 sats will make it a good buying oppurtunity. A break below 30000 sats will invalidate the setup.
Everything in the chart. If I am the market maker for ERD I will not let it reverse until I rebuy the coins at the IEO price.
Strong resistance zone at 13500 -14000 sats. Daily 25 EMA is at 13500 sats. Daily RSI bullish, Volume is good even after sell off which shows buying interest. I will consider buying if it breaks above the levels mentioned.
BNB might take a cat nap and go down to 27 USD support before exploding to 50-55 USD. The Technical Analysis hints so - StochRSI - Bearish Divergence, RSI support is at 40, Volume outflow to BTC and other Alts as they are rallying, It might take time for the volume to come back as they have just stared their rally. 27-28 USD was a previous resistance and can now...
It is currently at 4 hour 200 ema support or the 25 day ema support. 4 hour RSI nearing oversold area. May even go down to 0.01850 support before reversal. Volume has to come in to confirm reversal. Also look out for BNB as FET imitates its boss to some extent.
On the 4 hour chart, the price is tightly consolidating closely to 50 ema. We can expect a breakout to the upside here. But if it breaks down, it may find support around 100 ema. Long period of consolidation after bull trap is a sign for another great rally.
Staying out of the market looks like a good proposition for the next 10 to 15 days
BAT is looking like it is going to bounce on the 22 day ema. But the Accumulation/Distribution index is on free fall. Should be cautious before entering the trade!!! If Bitcoin heads down, BAT's market structure may get disturbed.
BNB is trading at 23.2768 at the time of writing this post. The breakout happened at 21.8 near the 22 day ema and it ascended to 24usd quickly in just 8 hours. If it would have been a false break out if it reversed already and gone down below 22. Because in a false breakout as soon as the market touches or crosses the resistance, it reverses as swiftly as it...
In this highly volatile uptrend of ATOM you can earn 3x by a simple strategy that worked for me. I do not know anything about COSMOS project so that i could be able to predict its long term trend. But on an hourly time frame it looks perfect for scalping. On an hourly time frame you can observe that the price levels 4.1, 4.2, 4.3, 4.4, 4.5, 4.6....... are...
BNB had already reached its All Time Highs(ATH) and had a correction. Now bnb is currently on an impulsive wave up trending. Once it crosses its ATH, it will be set loose to decide its supports and resistances. How can you predict possible resistances? Here is a way by using Fibonacci Retracements. If you observe the 4 hourly chart, bnb is already facing...
From the $5200 support level, btc had earlier rallied to $5600 from where it dropped down to the same support level. It is now trying to replicate the earlier path on the 4 hourly time frame. Can it? Lets wait and see.... cheers!!
BNB is on a downtrend after reaching 25.4 usd and nearing 22 ema on a daily chart which has been a deciding factor for higher low historically since beginning of the uptrend at 5 usd. I will look for long in the 22.5 to 23.5 range if these happens - 1) If there is significant buying pressure at 20.5-21.5(when it bounces on the 22 day ema) or 2) If bnb doesn't...