Whales In The Market, Could Break 50K ?
Weekly Time-frame
We confirmed breakout candle in weekly time-frame for double bottom and downward slope resistance. We can expect more to the upside for this week. Awesome Oscillator is bullish also. Ichimoku cloud Senkou span a is about to be broken as resistance. If We break it we can expect more to the upside. If we get rejected in the supply area we can start having a correction.
1D Time-frame
We are currently in the High Volume Node in VPVR which is a strong trading area. We might go sideways in this area or if we break it then we can have a rocket pump to the upside. We need to turn this supply area into a base and continue pump to the upside. Awesome Oscillator is also bullish. RSI is not overbought yet in 1D TF. If we don't hold this as a base then it will end up as flip zone. Where you can expect a drop from this area.
4H Time-frame
4H time-frame Bullish Saucer. We can expect more to the upside. Greed and Fear index for crypto is now #60 which is greed. We might stay here for a long time now or this might be a good time to short.
We have strong volume to the upside so we can expect institutional money entered the. market. we can enter in the retest of the zone.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We confirmed breakout candle in weekly time-frame for double bottom and downward slope resistance. We can expect more to the upside for this week. Awesome Oscillator is bullish also. Ichimoku cloud Senkou span a is about to be broken as resistance. If We break it we can expect more to the upside. If we get rejected in the supply area we can start having a correction.
1D Time-frame
We are currently in the High Volume Node in VPVR which is a strong trading area. We might go sideways in this area or if we break it then we can have a rocket pump to the upside. We need to turn this supply area into a base and continue pump to the upside. Awesome Oscillator is also bullish. RSI is not overbought yet in 1D TF. If we don't hold this as a base then it will end up as flip zone. Where you can expect a drop from this area.
4H Time-frame
4H time-frame Bullish Saucer. We can expect more to the upside. Greed and Fear index for crypto is now #60 which is greed. We might stay here for a long time now or this might be a good time to short.
We have strong volume to the upside so we can expect institutional money entered the. market. we can enter in the retest of the zone.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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