Looking at these two charts, we can see that this coin is facing big resistance.
BTC pair broke below its support and left the trading range.
The only way to consider BTC pair bullish again is if price reclaims broken support and it would be really bullish if it breaks above the upper area of the trading range.
USD pair is still in the range facing resistance third time.
For this coin to become interesting we need 2 things. BTC pair has to reclaim broken support and reenters back to a trading range. USD pair has to break above the trading range.
As long as we do not have these two confirmations, this coin is not interesting to us because it looks very bad after losing its support.
BTC pair broke below its support and left the trading range.
The only way to consider BTC pair bullish again is if price reclaims broken support and it would be really bullish if it breaks above the upper area of the trading range.
USD pair is still in the range facing resistance third time.
For this coin to become interesting we need 2 things. BTC pair has to reclaim broken support and reenters back to a trading range. USD pair has to break above the trading range.
As long as we do not have these two confirmations, this coin is not interesting to us because it looks very bad after losing its support.
This is one of the coins that look decent. Yeah, it lost support but it got bought up quite nicely and a little more push to the upside it will reclaim broken support and it would be a very bullish sign.
So not buying below broken support that is now acting as resistance but if that gets back above that broken support, this will be coin I would like to buy.
As long as it is below that support, I am not interesting!
So not buying below broken support that is now acting as resistance but if that gets back above that broken support, this will be coin I would like to buy.
As long as it is below that support, I am not interesting!
BTC pair is testing trendline that is currently acting as a support. Break below that support wouldn’t be great for this coin at all because that is main support since we do not have clear horizontal supports.
USD pair looks better. We had a break below support that was instantly bought up so that was a bullish sign for sure.
As long as the price is above support, it has more chances of going up.
If price starts closing below either of these two supports, I would take risk off and sell the coins because potential selloff may be quite nice and that is the loss you do not want to suffer.
USD pair looks better. We had a break below support that was instantly bought up so that was a bullish sign for sure.
As long as the price is above support, it has more chances of going up.
If price starts closing below either of these two supports, I would take risk off and sell the coins because potential selloff may be quite nice and that is the loss you do not want to suffer.
Nothing bullish on the weekly time frame. We had the support that got broken and now consolidating in the middle of nowhere.
The only potentially bullish setup is the ascending triangle on daily time frame but it is facing strong resistance around 0.0017 which is confirmed by these wicks.
That formation can be also a big trap for those that will try to buy it and end up being a fake sign that will lead to new local lows.
The USD pair looks interesting as long as trend line holds. If that support is lost, probably new lows are coming for NEOUSD.
BTC pair is main factor here. If it reenters back to the trading area, we may expect up movement otherwise this can go lower and lower…
The only potentially bullish setup is the ascending triangle on daily time frame but it is facing strong resistance around 0.0017 which is confirmed by these wicks.
That formation can be also a big trap for those that will try to buy it and end up being a fake sign that will lead to new local lows.
The USD pair looks interesting as long as trend line holds. If that support is lost, probably new lows are coming for NEOUSD.
BTC pair is main factor here. If it reenters back to the trading area, we may expect up movement otherwise this can go lower and lower…
A lot of hype about #Iota in other telegram channels so I decided to take a look.
Looking at weekly, I do not know what they see bullish in here. The price lost its support and turned it into the resistance. Then it finds some kind of support but this looks more like catch a falling knife.
This will become bullish once broken support that is acting as resistance now gets reclaimed. Trading in between is just meaningless because the price can do anything.
On daily time frames, we can see what we want to see on weekly. Support got broken and turned into resistance. Then we saw a massive move up above broken support. On the retest, we saw that area acting as resistance again.
That was the only tradable pattern on this chart.
That is the same scenario we are waiting on a weekly time frame to consider Iota as a good investment or swing trade.
Looking at weekly, I do not know what they see bullish in here. The price lost its support and turned it into the resistance. Then it finds some kind of support but this looks more like catch a falling knife.
This will become bullish once broken support that is acting as resistance now gets reclaimed. Trading in between is just meaningless because the price can do anything.
On daily time frames, we can see what we want to see on weekly. Support got broken and turned into resistance. Then we saw a massive move up above broken support. On the retest, we saw that area acting as resistance again.
That was the only tradable pattern on this chart.
That is the same scenario we are waiting on a weekly time frame to consider Iota as a good investment or swing trade.
Thank you for your time!
We hope you enjoyed our #TechnicalEvening 2. We tried to bring you as detailed analysis as possible. Send your opinion and feedback to @CryptoSignalsAdmin so we can improve and make it better next time.
Enjoy the rest of the evening!
We wil be back tomorrow, Crypto Signals Admin.
We hope you enjoyed our #TechnicalEvening 2. We tried to bring you as detailed analysis as possible. Send your opinion and feedback to @CryptoSignalsAdmin so we can improve and make it better next time.
Enjoy the rest of the evening!
We wil be back tomorrow, Crypto Signals Admin.
Forwarded from Crypto Signals
Did we forget where was BTC 3-4 months ago? If this continuw without correction I will be even more scared. Growth without support is not so good.
Forwarded from Crypto Signals
If we use Fibinacci retracements that are recommended for things like this, mostly support is establised in this green rectangle...