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Bitcoin Index ($XBT) Analysis by imRedaSouhail#Bitcoin Index $XBT Analysis🧩// Head and Shoulders. ----- Bitcoin is still Bearish📉 A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. as technical analysts, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. ----- Bitcoin index may get a bullish correction to retest its previous Broken Neckline and we might see it act as a resistance level for The $XBT index. ----- ISMASHPROFIT 💎
BITMEX:XBT
by TopGBanks
1
Cardano ($ADA) Analysis By imRedaSouhail.#Cardano Analysis🧩 // We've seen the $1 level pushing multiple times the Cardano's price up...The last time was 19days ago since then, the $ADA price went all the way up to $1.4880 But the price couldn't break that resistance at this previous level and we see the price making a retracement bouncing over the $1.280 support level... For a long Buyer needs to wait for a break of the descending daily trendline and a retest of our previous sideways range resistance to go long. At the moment Cardano's price is at a bearish market. ----- ISMASHPROFIT 💎
by TopGBanks
$STORJ Analysis By imRedaSouhail.#STORJ Analysis🧩 // The $STORJ bounced over the last two resistances at $0.82 & $0.92 and making it a support level at the 4H time frame. $STORJ is forming an uptrend on the High time frame (4h) and looking at the Short Term frame of 30min where we see a price consolidation around $0.97 & $0.94. If We sow The price pushing outside the consolidation area our uptrend will continue its rally. Our first target price is $1.00 the second one is $1.10. -------- ISMASHPROFIT 💎
by TopGBanks
Binance is going to fall even more, where will the price stop?🚧Binance failed to close higher and corrected 10% after trying to make a new high. Bnb has now broken the local trend line and tested it as resistance. If the price tests the broken trendline again as resistance, it could be a good selling opportunity and the price will likely go lower. The closest area where there could be enough liquidity and Bnb will stop is the $270 level. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Short
by Yuriy_Bishko
4
BNB to $1,300 by June 2022Assuming bull market continues, which I believe it will, BNB will make a push toward $1,300 by June of 2022. There will be one more dip toward $240. This will put BNB into a symmetrical triangle pattern which can be bullish in the right circumstances (a bull market). Fib extension predicts target price of close to $1,300. Thoughts? Worse case scenario, bear market ensues for the next few years. What to do? Buy the dip, dollar cost average your position, and stake BNB-BUSD on pancake swap to make your passive income. All is good.
BLong
by Gknight0625
$MATIC/USDT Binance 1H by imRedaSouhail.#MATIC Analysis🧩 // The trading range of the Uptrend channel had shown us many breakouts of resistances...Matic Bounced up from the support level at the $1.09 line indicating a buying opportunity and Matic did a great job breaking the $1.14 resistance which shows a good buying signal...my exêctations are : + A break of The $1.16 resistance and see the price going all the way up to $1.20. + A retest of The $1.16 resistance and going back to the lower trend line support ----- ISMASHPROFIT 💎
M
by TopGBanks
1
Binance has formed a triangle, look out for these scenarios! Yesterday Binance tried to renew the local high at $316, unfortunately, it failed, and after reaching the high BNB rolled back by 8%. A triangle is forming on the chart now, and at the moment I see two options for price movement! 1) If the price reaches the lower boundary of this triangle and trades near it, it could mean that the price is likely to break this triangle and go down, a good opportunity to enter a short position could be if the price breaks it and retests it as resistance. 2) If price rebounds and goes to the triangle's upper boundary, breaks through it, breaks through the upper boundary, and tests it as support, that would be a good opportunity to buy. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
11