moon333

    Support and resistance levels: The price action of the ICX coin is moving between the $0.60 support and $1 resistance levels. On the weekly time frame chart, we have 3 more resistance levels working as major resistances after $1. These resistance levels will be $1.30, $2.30 and $3 is the final resistance as per the Binance exchange. Oscillators: On the weekly time frame, it can be seen that while the price action has found very strong support at $0.60, at the same time the stochastic has also entered the oversold zone and MACD is giving bullish signals by changing from a strong bearish to weak bearish. Falling wedge: Previously we have seen that the price action of ICON was breaking out the resistance of a down channel . But it was failed to break out and moved back into the channel again. This time the support of the channel is lifted up. Therefore, the channel has been transformed to a falling wedge pattern and now the price action is again moving up to make anothe...

    Broke out the wedge and moving towards the next resistance levels: On the daily time frame after testing a very strong support zone from $31000 to $28800, the price action of Bitcoin broke out the resistance of the falling wedge pattern. Now there can be two major resistance levels. One is at $36000 another one is at $39500. The price action has been rejected several times previously from these resistance levels. However, the technical target of the falling wedge is $41000. Therefore, if the price action hits this target then definitely it will also break out these both resistance levels and enter the bullish territory. Volume and DMI: Now if we take a look at the volume then we have continuity in the buying volume and the volume oscillator is showing the value of buying volume is 10, which is quite well. At the same time, the directional movement index (DMI) is also likely to give a buying signal. Weekly EMA 21: For a long time period, the price action of the lead...

    Down channel: Since June 2021 the price action of Shiba Inu is moving in a down channel . During the recent drop the priceline is moving down to test the support of this down channel once again. Previously the priceline has tested the support several times. Support and resistance: On the daily time frame there can be two major support and resistance level seen. The support is at: $0.00000550 and the resistance is at:$ 0.00000930. Right now the price action is testing the support and if a candlesticks will be bounced from this horizontal support then it is possible that it will not test the support of the channel. Oscillators: If we take a look at the different oscillators on the daily time frame, then it can be clearly noticed that the relative strength index ( RSI ) has entered the oversold zone and the stochastic is already oversold. Now you take a look at the moving average convergence divergence ( MACD ) then it is strong bearish . Once the MACD will be turned bu...

    Down channel: Since March 2021 the price action of SKL is moving in a down channel . After applying the volume profile on the complete price action moving within this channel, we can see the result that the volume profile is showing very less interest of the traders close to the support of this channel and the point of control of the volume profile is above the resistance of this channel and we have very strong interest of the traders even above the resistance. The price action can follow the point of control which can lead to a big break up. There is also a 100 simple moving average resistance at the same level where we have the resistance of down channel . Small Shark: On the daily time frame chart, the price action of SKL has formed the final leg of bullish Shark . Therefore a reversal move is possible from here. https://www.tradingview.com/chart/SKLUSDT/JED2RfZV-SKALE-Networ...

    Previous broadening formation: Previously on the weekly time frame chart, the price action of Stellar formed a broadening formation, and every time after getting rejected by the support it was forming higher than the previous high. But during the recent drop, the priceline of Lumens has broken down a very strong support structure of this broadening formation and now moving around the 50 simple moving average on the weekly time frame. After 50 simple moving average , there are also 100 and 200 simple moving averages strong support beneath the price action of XLM Support and resistance levels: If we take a look at the major support and resistance levels on the weekly time frame chart, then it can be easily observed that the priceline has been strongly rejected by the 70 cents resistance level . Ater $0.70 the price action broke down the different supports at $0.55, $0.45. $0.35 and $0.28 respectively. Now it is moving above $0.22 support level . During this recent downwa...

    Bullish reversal BAT is doing its job: On 9th July I shared an idea that on the daily time frame chart, the price action has of BTC is completing the final leg of bullish BAT. Now the leg is also completed and the price action is getting reversed to hit the sell targets: https://www.tradingview.com/chart/BTCUSDT/z8pioQYx-Bitcoin-BTC-is-completing-the-final-leg-of-bullish-BAT/     Broke out the same wedge which was broken down: The price action of Bitcoin was moving in a falling wedge pattern on a 4-hourly chart. After getting rejected by the resistance of this falling wedge , the price action of BTC had a small bounce from the support on the 19th of July but finally, the priceline broke down the support of this wedge on 28 July. Now it is again reversed bullish and re-entered the same pattern and now broke out the resistance. A possibility to reach $41K: On the daily time frame the price action was already moving in a big falling wedge pattern and for th...

    Bitcoin dominance: On 21st May 2021 the Bitcoin dominance index started the formation of an ascending triangle. Now the priceline is very close to the resistance of this triangle. Previously we have seen so many rejections by this resistance. If the Bitcoin index will be rejected again by this resistance and breaks down the support of this ascending triangle, then it can even touch the lowest value of 35. After breaking down the support and the altcoins will be free to move towards upside or downside Bitcoin dominance. But in case of breaking out the resistance, Bitcoin can again drive the altcoins with its move. Altcoin index: But only breaking down the Bitcoin dominance is not sufficient. In order to start a big altcoins bullish move we need to watch the altcoin index as well and that is the Total2 index. This index shows the altcoin market performance excluding Bitcoin. If we take a look at this Total2 index then it can be noticed that previously it was moving in an...

    Falling wedge and strong support zone: The price action of Bitcoin has formed two falling wedge patterns at the same time. One is on the four-hourly chart and we can see that after getting rejected by the resistance of this falling wedge the price action is now testing the support of this pattern. The second one is the bigger falling wedge pattern on the daily timeframe chart, and after being rejected by the resistance the priceline of the leading cryptocurrency is moving towards the downside. At the same time, the price line is also testing a very strong support zone that starts from $31K and goes to $28.8K. So far the candlesticks are not closed below the $31K level on the daily time frame. At the same time, the price action has also formed a bullish reversal harmonic BAT pattern and entered the buying zone. https://www.tradingview.com/chart/BTCUSDT/z8pioQYx-Bitcoin-BTC-is-completing-the-final-leg-of-bullish-BAT/   Weekly 50 SMA: oN the weekly time frame, ...

    SMAs and strong support zone: The price action of Chiliz has broken down all the simple moving averages with the time period of 25 50 100 and 200. Now all the simple moving averages are working as a very strong resistance above the price action of the CHZ token. At the same time, the candlesticks of the Chiliz token also having a death cross formation between 50 and 200 SMAs above them, which is a very strong there is a signal. But there is a very strong support zone beneath the price action starts from $0.235 and goes to $0.18. The stochastic oscillator is also in the oversold zone, therefore the price action can be reversed towards the upside form here. Symmetrical triangle: While the price action is moving above a very strong support zone at the same time the support is being lifted towards the upside and resistance is moving towards the downside. This movement of the support and resistance has formed a symmetrical triangle and the priceline of the CHZ has moved at ...

    Previous Gartley produced more than 100%: This time on the weekly time frame chart, the priceline of Hedera Hashgraph has formed a very big bullish Gartley pattern and we will discuss this pattern later in this article. Previously when the price action of HBAR formed a bullish Gartley on the 12-hour time frame then it surged more than 100% but this time it has formed on the weekly time frame. https://www.tradingview.com/chart/HBARUSDT/s8DSrtfW-HBARUSDT-Forming-Bullish-Gartley-Upto-174-Potential-Move/     SMAs and support and resistance levels: On the daily time frame it can be also observed that the price action of Hedera Hashgraph is moving under the simple moving averages with the time period of 25, 50, 100 and 200. Therefore, there are a lot of resistance levels of the simple moving averages to be broken out. At the same time the price action is at a very strong key level support of 16 cents. Once the price action will be able to break out all the si...

  Down channel: On the daily timeframe chart, since 20th May the price line of Shiba Inu is moving in a down channel . It was moving between the resistance and support of this pattern very well but after hitting the resistance of the channel on 6th of July (when the SHIBASWAP was launched ) the price action was rejected by the resistance. Now it is moving towards the support of this channel. Bullish BAT: On the daily time frame chart, the price line of SHIB is completing the final leg of bullish BAT . https://www.tradingview.com/chart/SHIBUSDT/drvyZOic-SHIBA-INU-SHIB-forming-bullish-BAT-for-upto-46-move/     For day traders, the buying and sell targets of this pattern according to the Fibonacci sequence of the bullish BAT are as below: Buy between: $0.00000645 to $0.00000605 Sell between: $0.00000742 to $0.00000886 The maximum extent of the buying zone $0.00000886 can be used as stop loss. As per the above targets, this trade has a profit possibility of up to 46%, ...

    Down channel: The price action of the Sia coin is moving in a down channel since 19th May 2021. It can be easily observed that the priceline is making more attempts to break out the resistance of the channel than breaking down the support. It can be also noticed that after hitting the resistance on 7th July 2021 the price action of Sia cryptocurrency did not reach the support of this down channel . If we take a look at the Bollinger bands then we can understand the reason, why the price line is not moving towards the downside. The reason is that the candlesticks are having the support of the lower banks of the Bollinger bands . The Bollinger bands is also squeezed which is a signal for a big move soon. Support and resistance levels and SMAs: On the weekly time frame chart, we can see the major support and resistance levels. There is a very strong key level support at point $0.009 and while testing this support at the same time the price line is also having the very str...

    Down channel: On the daily time frame since the month of May 2021 the price action of Bitcoin cash is moving in down the channel. After hitting the support of this down channel on 22nd June the price line reached the resistance and for the past several days, the price action is still moving at the resistance of this down channel and not reaching the support again. Support and resistance and SMAs: On the weekly time frame, it can be seen that after getting rejected by the strong resistance of $1,600 the price line of Bitcoin cash has moved down drastically. It can be also observed that priceline has finally found very strong support at the $400 level and this is key level support for the price action of BCH. Because previously it has been working as a support and resistance as well. Now the next resistance is at $600, $750, $1000, $1600, $1800, $2200, $3000 and $4000 respectively. At the same time, the price action is also moving at the 50 simple moving average support ...

    The SMAs: On the daily time frame chart, the price action of Pundi X has first time broken out the 25 simple moving average and made an attempt to break out the 50 simple moving average as well. But it is rejected by the 50 simple moving average and now currently moving between the 25 and 50 simple moving averages. Support and resistance levels: There can be different support and resistance level seen on the daily time frame chart. After the strong bearish move, the price action of Pundi x has found a very strong support at $0.60. This $0.60 level is also key level support for the priceline. After getting bounced by the $0.60 the priceline has crossed up the next resistance of $1 and currently moving between the $1 and $1.30 supports and resistance levels. EMAs: On the daily time frame, the price action has also broken out the exponential moving averages with the time period of 10 and 21. At this time the priceline is retesting these EMAs as support. If the price actio...

    Falling wedge: Since March 2021, on the daily time frame chart, the price action of the Celer network is floating in the falling wedge pattern. It was moving between the resistance and support of this pattern very well but after testing the support on 22nd June, the price action of CELR is moving directionless without hitting the support or resistance of this wedge pattern. Big BAT: If we take a look at the weekly time frame chart, then it gives us the clue that the priceline of BTC this time will not reach the support. Because in the long-term it has formed a very big bullish harmonic BAT pattern . There is also 50 simple moving average support in the buying zone and 100 SMA below this level. After completion of the final leg the price action was moved above the buying zone, but this time it has again entered the potential reversal zone. As per the Fibonacci sequence the buy and sell targets of this BAT pattern can be: Buy between: $0.0248 to $0.0148 Sell between: $0....