#DOGE Technical Update
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
Next #TechnicalEvening is coming where we will analyse 5 altcoins.
Send your suggestions to @CryptoSignalsAdmin and we will choose the top5 most requested coins.
Send your suggestions to @CryptoSignalsAdmin and we will choose the top5 most requested coins.
It is nearing support area. Around a month ago when it was testing trendline, I made an update in our VIP channel that I wouldn’t buy that test of the trendline. It turned out to be a good decision.
Now as it is nearing very important horizontal support, we will be monitoring price action and if we get a bullish sign on support, we will buy it targeting at least the trendline, maybe even upper resistance.
Now as it is nearing very important horizontal support, we will be monitoring price action and if we get a bullish sign on support, we will buy it targeting at least the trendline, maybe even upper resistance.
It broke down from the trading range and now it is testing previous resistance.
This was one of the better-looking alt coins but with this move below support, it is joining the bearish crowd.
Let’s see if it gets back in the range. If that happens, it will stand out again from the majority.
We will look for buyers only once it closes above resistance.
Bearish move but there is a chance in case we get close back in the range.
This was one of the better-looking alt coins but with this move below support, it is joining the bearish crowd.
Let’s see if it gets back in the range. If that happens, it will stand out again from the majority.
We will look for buyers only once it closes above resistance.
Bearish move but there is a chance in case we get close back in the range.
If something looks scary, that’s BNB. I was talking and I am still talking, if you bought it somewhere on the way up, make sure to book the profit because it can vanish.
If the old all-time-high doesn’t hold, the next potential support is 60-70% from the current price.
Knowing what caused all this move up makes me even more scared.
Be careful one more time. No matter what is next move that CZ is going to make, the technicals are ready for a major correction.
If the old all-time-high doesn’t hold, the next potential support is 60-70% from the current price.
Knowing what caused all this move up makes me even more scared.
Be careful one more time. No matter what is next move that CZ is going to make, the technicals are ready for a major correction.
🙈🙈🙈
The closure below major support on a weekly time frame leaving us without any strong support below.
Similar to BNB, this can enter correction that will lead to at least 50% correction from current price.
In order to turn bullish, it has to close above the support as fast as possible otherwise we will be heading down.
The only bullishness for this coin, in general, is the fact that smart money loves it or at least it seems like that.
Top100 EOS addresses are holding 80% of the entire available coin supply.
They should have a good reason for that otherwise their portfolio is a huge risk.
What if they realise that EOS is not what it was supposed to be and start dumping their bags?
That’s something we can only speculate but technicals are currently looking bad.
The closure below major support on a weekly time frame leaving us without any strong support below.
Similar to BNB, this can enter correction that will lead to at least 50% correction from current price.
In order to turn bullish, it has to close above the support as fast as possible otherwise we will be heading down.
The only bullishness for this coin, in general, is the fact that smart money loves it or at least it seems like that.
Top100 EOS addresses are holding 80% of the entire available coin supply.
They should have a good reason for that otherwise their portfolio is a huge risk.
What if they realise that EOS is not what it was supposed to be and start dumping their bags?
That’s something we can only speculate but technicals are currently looking bad.
Forwarded from Crypto Signals
#ADA (ReaD 95% OF ALTCOINS)
If you see a coin that looks similar to this chart, run away from it until it shows bullish signs.
I do not see where all these long signals on ADA come from shared by other channels.
Once we see a close below range, may the God be with holders.
The price has to close above the range to start observing the bullish scenario.
The price was dropping for almost a year, made consolidation, broke up and then it’s back in the range. Tell me how that can be bullish?
If you see a coin that looks similar to this chart, run away from it until it shows bullish signs.
I do not see where all these long signals on ADA come from shared by other channels.
Once we see a close below range, may the God be with holders.
The price has to close above the range to start observing the bullish scenario.
The price was dropping for almost a year, made consolidation, broke up and then it’s back in the range. Tell me how that can be bullish?