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...
Just a little #TB to show new members of our channel the results of our team.
Yeah, the grammar was our weak point but at least we knew what we are doing 🤷♂️😅
Yeah, the grammar was our weak point but at least we knew what we are doing 🤷♂️😅
The traders are getting stopped out in this choppiness of price action in the area where it is expected.
The price action in this area is meaningless for the outcome. It can range for next 12 hours more or 7 days.
What does matter is the move outside of this range and once it happens we will look for continuation signs.
The setup is bearish but this is bull market and we will trade bearish setups only when we see confirmation. We won’t trade based on our anticipation of what can happen.
The price action in this area is meaningless for the outcome. It can range for next 12 hours more or 7 days.
What does matter is the move outside of this range and once it happens we will look for continuation signs.
The setup is bearish but this is bull market and we will trade bearish setups only when we see confirmation. We won’t trade based on our anticipation of what can happen.
Litecoin is testing resistance. I do believe it will be broken and high will be taken out so shorting is not suggested against this uptrend.
The only question is if we are going to have a small rejection to the support where buying would make sense targeting new highs.
If it gets broken on the first attempt, then we will lose profitable risk-reward and only small buys make sense that would be placed in the area of current resistance that has to flip into support.
Very bullish, if you hold it, keep doing it!
The only question is if we are going to have a small rejection to the support where buying would make sense targeting new highs.
If it gets broken on the first attempt, then we will lose profitable risk-reward and only small buys make sense that would be placed in the area of current resistance that has to flip into support.
Very bullish, if you hold it, keep doing it!
Litecoin update
It was rejected from weekly resistance and it is currently going through a correction.
The main support is at 0.014-ish. A couple of previous important price levels form the support at 0.150.
If this is a very bullish structure, both of these levels will be front run by establishing support at in the marked blue area.
The lower the price goes, the less bullishness it has. I do believe the high at 0.0195 will be taken out before halving and that’s why we are looking for long/buy setups only.
Not only the fundamentals but also technicals are beautiful for Litecoin. The only thing we have to think about is not to be taken out of the market because of some liquidity spike that can happen to shake out longs so it can easier go up.
It was rejected from weekly resistance and it is currently going through a correction.
The main support is at 0.014-ish. A couple of previous important price levels form the support at 0.150.
If this is a very bullish structure, both of these levels will be front run by establishing support at in the marked blue area.
The lower the price goes, the less bullishness it has. I do believe the high at 0.0195 will be taken out before halving and that’s why we are looking for long/buy setups only.
Not only the fundamentals but also technicals are beautiful for Litecoin. The only thing we have to think about is not to be taken out of the market because of some liquidity spike that can happen to shake out longs so it can easier go up.