BTCBUSD tested 32507 succesfully and we are now testing the daily trendline resistence. If we break the trendline and hold 34786 I expect a new bullish cycle. If not we going to test the 30K area again and break the daily resistence line at a lower level.
Interesting to see if ETHBTC closes above 0.032266 and holds the purple weekly downtrend resistence line this week. I expect a big move if it does with first sell target at 0.0539.
On the daily timeframe there is a long term downtrend resistance line (red line) starting from the 30th of April 2018 (!!!). Moreover QTUMUSTD broke the daily symmetrical triangle already and turned the resistance line into support. I expect a very big move up soon, similar what we have seen for coins like XRPUSDT.
REPBTC showed a double bottom, broke out of the falling wedge while the buying volume increased substantially. I would set my first sell target at 1197.
BATUSDT is currently moving inside symmetrical triangle and is at the point of breaking out where volume took an upswing. I would buy in the green box where my first sell target is around 27 cents.
Looks likt EOSBTC going to break the weekly downtrend resistance line. Moreover volume is huge at current levels. Similair moves happened at XRP and XLM recently, same setup is present here.
Interesting to see if LTCUSDT is going to break the long term weekly downtrend. I would wait for more confirmation next week and buy in the green zone. My mid term sell target would be around 79 dollar. As always all depends on price movements of BTC.
On the daily timeframe there is a long term downtrend resistance line (red line) starting from the 6th of May 2018 (!!!). Moreover a weekly uptrend (purple line) has been formed which acts as strong support so far. 25.3 cents is a strong resistance area on the weekly timeframe and price has been testing this area for weeks now! A weekly close above 25.3 cents...
BTCUSDT is facing resistance at 15065. Without a break I would expect a retest of the support at 14666 and the local uptrend on the 1 hour timeframe. If it holds and ultimately breaks the upper trend resistance line I would go long.
On the daily timeframe there is a long term downtrend resistance line (red line) starting from the 6th of May 2018 (!!!). Moreover a daily symmetrical triangle has been formed. If price breaks above the red daily resistance line I expect a very big move up and would set my first sell target at around 37 cents.
UNIUSDT formed a wedge pattern on the 4 hour timeframe. Looking for a breakout where I would buy in the green zone. My first sell target would around 3.60.
REPBTC found support on the daily uptrend starting from the 4th of September 2019. There is a downtrend resistance line on the 4 hour timeframe which started from the 27th of August. Break of the downtrend could start new uptrend cycle!
QTUMBTC found support on the daily trendline which started from the 15th of May 2020 and is now testing the resistance line of a falling wedge pattern on the 4-hour timeframe.
Waiting for breakout of the upperside of the wedge and confirmation in terms of a 4 hour close outside the wedge.
