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...