ATOMUSDT retraced to 0.618 fib level of its move to the upside, the classic bullish bat pattern is in play and we can see the upside now further hitting the given targets. Keep SL below 11.
Price action has rejected again from the weekly support that happens to coincide with 0.382 fib level. At the same time it has taken support from the weekly levels and we can expect a bounce from here back to retest the same. There seems to be inverse head & shoulder formation on the cards if the same level is tested again. Lets see...
HNTUSDT price action has reached the falling resistance. Here we should wait for the behaviour of Bulls. In case if they take the charge then we can expect a breakout from here. Otherwise wait for the support channel.
ATM Fan token is taking support from the trend line. We can expect the upside soon if there comes a bullish momentum. Trade the risk accordingly.
Price action is rejected from the trend line resistance. If bulls take charge from here and the daily closing goes beyond 8.50, then it definitely is a buy for the targets of 9.50 & 10.40. Wait for the closing for now.
SNXUSDT has consolidated here for quite a while. We can expect a fib retracement of 0.23 to reach the given targets provided the price action breaks the bearish trend line. Sl of 1.8 is a must.
bears points: 1 - Price action has reached a major resistance zone. 2 - bearish divergence on RSI 3 - Previous LH still intact bulls points: 1 - Strong bullish candles on daily TF seems bulls are not taking a breather anytime soon 2 - Abcd pattern projections are 168-170 price point. Any fresh entry must be supported with stoploss protection.
PYR has made the double bottom & available at a major support, in case if the bulls seems dominant we can see the upside targets achievable. SL is the key for trade.
SANTOSUSDT Bullish Points: 1. Doji Candle @ TL Support 2. Horizontal Support Level 3. Oversold RSI (4H) 4. 20% Weightage in FOOTBALLUSDT Token which is trading in oversold region Bearish Point: 1. If the neckline of range Breaks, significant fall is on the cards.
GTCUSDT is going to attempt TL break out. In case if the bulls make is successful, we can see the TP levels approaching. Keep protection for the downside.
ABCD Reversal pattern has formed with bullish candles on Daily TF. We can see recovery in ETH on the upside from here if the market sentiments remain positive. Trade with SL is advised.
We have the bullish signals on BTC daily chart however the bearish spell is still on the cards from the fundamentals perspective of economy. Lets see whats next?
OG is a fan token, currently available at the support level and Bulls here seems to be taking the charge. We can expect the upside targets achieving on the daily Time frame. Keep protection below the support though.
Market sentiments have gone aggressively bearish again after the recent notion / hint made in the Jackson Hole conference regarding Interest rates & inflation. bearish sentiments brought the token to this price range with aggressive sell off. From here we can expect a pull back towards the mentioned targets. bearish Flag pattern is also evident on the charts so...
JASMY is facing the resistance level. buying the breakout would be better option. Otherwise buying at support level with SL is recommended.
Lunc is facing rejection at this level for the last 24 hours making a doulbe top formation. Can go for short with SL protection.
MTL is currently available at a strong support level. In case if the market sentiments remain positive, we can expect bulls to take charge & hit the mentioned profit taking levels. However for the downside be prepared with Stop loss. Trade the levels accordingly.
Price action has formed the triple bottom formation & after being trading in the sideways channel currently it has approached almost the same level again with a very limited downside. Accumulation from this level can be started for the initial resistance targets.