#Crypto Technical analyses ✍️- trading IDEAS 📈 | 🏂| Not a financial advice❗️ -Twitter: @CryptoJobs3- 🎯 My charts should help you for your own trading! 💎
Same as $DOGE , buyers are literally absent ❌ Current price is pretty bearish and still traded under the LL and key support weekly! 🚨🚨🚨
Now if we zoom on the higher time frame (daily / weekly), we observ that's also key demand zone. I don't expect to see another massive breakout by the downside yet.
Hence, bottom could be around the 0.0000450 - 0.000400$ to me. (local).
Without bull reaction on the 0.000450$ level, that would be pretty bad for bulls.
Sum up: Short term bearish 📉
Long term: Key demand zone. (reversal awaited at some point). Keep in mind that's a non utility tokens. Liquidities are outlflow, likely to buy dips on the next hype / alts season.
At the first glance, It looks like a daily wedge breakout & retest 📈
But weekly outlook remain bearish & stuck under many huge resistances. Without breakout confirmation, it's hard to say.
Daily key support: 0.1600 - 0.16200$
Upper key resistance: 0.2200$ area. If we break by the downside then big dump could be see again.
Note: Price might consolidate inside this zone, before to see the next big move!
A consolidation above 0.1600$ would be very good for the next & upper resistance could be break 📈 [possible setup in my chart]
A weekly candle close / break above 0.2200$ could lead to a 50%+ bull move toward weekly resistances (0.0350 - 0.036500) Others big levels are in my charts.
Prices remain bullish on the daily basis! (strong trend). Flat accumulation phase here above 50% fib daily!
Usually a good sign for another bullish continuation move!📈 I don't see any bearish reversal signs here; Hence, I wont risk a short on/above yellow zone because the next move could be explosive! 💣
Overall, bullish to me above 1.900 - 1.870$.
Under --> 1.620 - 1.30 - 1.050$ (big levels)🎯
On the other hand, It can be a Bart simpson pattern (bearish accumulation),🔴 But we may see others fake pump if it's the case!
#BTC price is Following my weekly outlook nicely. 95,000$ hit ✅
Momentum remain strongly bearish under the 100,500$ 📉 Monthly key support: +/- 88,000$ (review livestream).
Lower support for potential bull reaction: 92,000 - 91,000$.
In case of breakout weekly under 88,000 - 90,000$ we could see a bear market (medium term) on #BTC . Bulls must push above 101,000$ (weekly), to infirm medium term bearish breakout.
Price remains stuck under key resistances with H4 trend shifting bearish!
Short-term outlook: [H4 view] I expect to see a move toward the 0.1750− 0.1800 demand zone next. 📉
Long-term outlook: That's a perfect example of a monthly chart underperforming #BTC , despite solid fundamentals. [Review my #BTC outlook] Current price is still trading under the $ 0.3800 - $0.4000 previous monthly support 🚨
Market conditions aren't favorable for long-term plays right now.
Long-term bottom could be in; it may be forming a reversal wedge structure on the monthly/weekly basis, but timing is crucial!