$ETH is in a very difficult situation. In the previous article, I analyzed why #ETH has not been able to break through, due to the significant resistance ahead. Today, upon observation, it seems that $ETH is yielding to fate. Firstly, on the daily chart, the 7-day moving average has crossed below the 25-day moving average. This signals that the Short side is gaining the upper hand. The previous day's candle was a strong selling candle, making it very difficult for the Long side to break through today. On the weekly chart, last week, the candles showed strong wicks due to significant resistance. If observed closely, last week's candle was a very bad one. Of course, the Short side still holds a significant advantage not only based on the two analyses above. In the previous article, I mentioned the Fibonacci chart, with the trendline acting as the upper resistance line. It is very challenging for $ETH to rise again. In the event that ETH declines, I think it could drift down to 1k7, 1k4, or even 1k. Of course, I do not wish for that.
Hello everyone. So, one week has come to an end. Today, we begin a new week, but perhaps the signal is a bit sad. The candle from last week for $BTC is quite bad, it signals that this week will be hard to see a price increase. Of course, I don’t just rely on the weekly candle to make predictions. Let's see, on the daily frame, the price has been below the 7-day and 25-day moving averages. Bad things will happen if the MA7 line crosses below the MA25 line, it has already started to cross. In smaller time frames, such as the 12H frame, a bearish Engulfing candle has appeared. The 4H frame is not promising either. In summary, the situation is quite bad for #bitcoin , the Long side is at a significant disadvantage both in the short and medium term. In my opinion, it is likely that $BTC will return to the nearest support level in the price range of 98-99k. Always keep an eye on it and minimize risks as much as possible for you.
Why hasn't $ETH been able to break through yet? #ETH has grown back. But perhaps it is not certain that it will continue to grow. From an analytical standpoint, in my personal opinion, there are a few reasons as follows: 1. $ETH has hit the resistance level which is the upper trendline. This is the line that ETH had broken through earlier to confirm the downward trend. 2. The current retracement wave of ETH is at the 0.5 ratio according to the Fibonacci chart I drew. The price reaction at the 0.5 level is clearly shown in the weekly candles with long wicks, indicating a price contest between buyers and sellers. 3. The moving average MA99 has risen above the moving average MA25, while the MA7 has yet to break upwards. The price being resisted by the MA99 line is inevitable. It is very likely that the price will be pushed down significantly here. 4. The Ichimoku cloud in the weekly timeframe still shows no positive signs. ETH's price is still below the cloud. This wave of ETH is approaching the top of the cloud and has reacted to the price here. However, the cloud is forming a sideways trend, and there may be a contest between buyers and sellers in the coming days. In summary, $ETH is facing a significant resistance to breaking through. If it wants to go up, it is likely to be very difficult. But if it can break this resistance, $4000 may very well return. If it fails, the tragedy of 1xxx$ will become a reality. Be cautious and manage your risk.
$TRUMP has reached a trade agreement with China, which is very good. However, articles like this continue to criticize. Sometimes it is really hard to understand, could it be that these journalists have cognitive issues or they are intentionally writing at someone's request.
$ETH has surpassed and is maintaining a price above the 99 moving average. This is encouraging. Because if it continues to maintain above this line, a bountiful season will come.
$ETH tries to hold on until the end. Trading with the trend is never the wrong path. The question is how to recognize the trend? It requires you to study and explore a lot. If you do not learn technical analysis, it is like a person walking in complete darkness, unable to find their way.
$ETH is very wonderful. In last week's article, we analyzed the price of ETH together. As expected, the weekly candle is quite beautiful. This is the basis for the price of $ETH to continue growing in the coming weeks. Besides the beautiful weekly candle, in the D frame, in the Ichimoku diagram, the 9-day blue line has maintained the price above the red line, which is a great support line for the next price breakout. The Lagging span green line has crossed above. Of course, there will be adjustments if the ETH price touches the Ichimoku cloud, Another positive signal is that the current price is maintaining above the 7-day moving average line (the yellow line in the third image). Indeed, there are many positive things for $ETH . Hopefully, ETH will soar high soon.
$TRUMP Can it rise high again? Analysis of the D frame shows that after the price increase, the Trump coin was pushed down by the resistance of the Ichimoku cloud and adjusted back. Positive signs are beginning to appear in the D frame. The cloud has shown a signal of blue cloud replacing red. Additionally, the blue line (9 days) has crossed above the red line (52 days). The Lagging Span in green is also maintaining above the price frame. In the 4H frame, the price has adjusted to the support level, the important price confluence area around the price level of 12.5 is still preserved. Below the 12.5 area, there is still an important Fibo support level at 11.7. Now let's look at the 12H candle, which is a long wick candle. In summary, there are quite positive signals for #Trump , however, this analysis is based only on the Ichimoku cloud and Fibonacci. For more accuracy, we need additional methods, monitoring MA lines, RSI, MACD, ...
#ETH why should you buy now? Currently, $ETH has many positive and favorable signals. In the daily frame, the 7-day moving average has surged above, confirming an uptrend. Moreover, $ETH is at a support level, and the potential for a price rebound is large. The only remaining concern lies in the weekly frame. If tomorrow's weekly candle closes above 1800, there could be a strong rebound in the following weeks. Opportunities are coming, seize them.
$TRX th breached support level 0.247. #trx still has support level 0.243 in the short term. The Bears are quite strong. Long traders need to wait for price reactions at support levels.
#ETH there are no signs of improvement for investors. All indicators are quite poor. I advise everyone not to Long $ETH at this time. - All 3 RSI indicators are below 50. - The current price is below the 3 moving averages. - The downward trend has not had any confirming reversal candles.
#trx is continuing to maintain its upward momentum. After the price adjusted to the confluence area of 0.247, $TRX is continuing to rise again. This is an important price confluence area in the short term. The Long side is still dominant. If cautious, consider taking profits from the range of 0.256 to 0.262.
#bitcoin has quite positive signals for the Long side. The weekly candle closed with a strong bullish candle. After the drop hit the 0.382 Fib support level, Bitcoin rebounded. The Ichimoku cloud on the weekly timeframe is still in a growth trend. On the daily candle, the positive signals are also quite clear. The 6 and 12 RSI are both above 50. The current price is above the 7-day and 25-day moving averages, which could be excellent support for the price to continue rising. The only thing to be cautious about is that the Ichimoku cloud on the daily timeframe is still quite poor with a downward trend. Bitcoin has also hit this cloud and has not been able to break through, which could be a significant resistance. Therefore, the Long side should also be cautious and set tight stop-losses.
#trx has a very beautiful entry. The price has broken out. Currently, the price is also above the MA 99 line, and the RSI is quite good. MACD is positive. Slow but steady, that is #Tron .
#bitcoin If the price stays above the Ichimoku clouds on the 4H timeframe, there is a potential for short-term increase. However, we need to pay attention to the fact that on the daily timeframe, the price is approaching a fairly thick Ichimoku cloud above, which could be a significant resistance that longs need to be aware of. Furthermore, on the 1D timeframe, the price is nearing the MA 25 line, and on the 4H timeframe, the price is also approaching the MA 99 line, which are considerable obstacles for Bitcoin to break through. If you want to go long, it might be necessary to wait for confirmation that the price has surpassed and maintained above these moving average lines.