The global trend is bearish (lower low followed by lower high) so I would'nt try to catch this falling knife. Still, If I see a change of structure on the daily, I would start to pick some coin here.
I guess that's what you call a breakout. MarketBeat analyst sees an average price of 30 which would be consistent with the 1.618 on the monthly here. I had been averaging down this stock an will let it run since I believe we are now resetting the cycle on mining stock.
Everybody is talking about LINK while I think it hasn't even started to run. Let's see where it goes.
Let's keep and eye on that one. Trendline breaking to the upside + MACD bulllish cross. I will wait end of week to see what the final candle gives. I have started laddering in.
Break of the trendline = Back to ATH ? Let's see .
After this gold sell off I'm looking to reposition my self on some good mining stock. The risk reward ratio seemss pretty good. Will see how the story develop on Monday
I see a pennant here, Will wait and seee which side it choose before taking any position
I mean... Should I really comment on this ? I'm neutral right now but If I had to choose a path I would follow the primary trend which was a bull one before getting in that pennant.
The longer the consolidation, the better the break out (to the upside or downside). BTC is ranging, MACD lines doesn't gives any clear signal. I personnally won't make any moves until BTC exit from this paralel channel.
www.thebirbnest.com Let's see how it plays out.
MACD giving bullish entry point. RSI in the good direction. We could expect a higher high. TP1 would be the resistance at 14.
Every sign point to a bearish set-up : - Bearish MS (lower high followed by Lower low) - Below EMA 50 - Bearish trendline - MACD in bearish teritory . I owe some ETH long term and wouldn't buy there. There is a big liquidity zone (can be seen in the weekly Time frame) around 1790-1715. Let's see how it goes from there.
Egold seems to form an engulfing bullish pattern on an interresting level. MACD seems to be slowing down too. We can also see that Egold is trying to break the trend line. Let's wait the weekly closure to see if this is a bearish trap or not. In case of break out, here is what I would play : TP1 : 0.0031 TP2 : 0.0036 Adapted to the entry point.
The setup is looking really bearish against BTC. Only Long argument would be that the breakout haven't happened with volume. If I were to take a position, I would put a sell order just below the support in order to avoid going in on a potential fakeout.
Celsius looks ready to go back against BTC. Stochastics are throwing an entry point, I would start getting really bullish on this coin if PA get rid of Golden zone or accumulate in it. As a swing trader I will watch closely PA during EOW. I will also watch closely pair against ETH. Will doa follow up on this one. Disclosure: I own CEL token myself.
Solana has been looking for oil since a couple of days. the downtrend against ETH is quite steep. However we can notice a first breakout today of this downtrend. We can also notice that the MACD is slowing down and that the RSI had a small rebound. I will wait to see how price action is going to react in the golden ratio zone. I'm quite bullish on this project so...