BITCOIN Seems Remaining Downtrend Dear All Trades Friends,
Refer to chart, Bitcoin break below 33,000 support percentage is higher. continues next support level will be at / near 28,800.
Good luck !
Cion
BNB - possibility of a bull flaghello everyone
In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we all know a trend line with 2 leg's down is a weak one,So ,I expect to see another small down trend on lower time frames until the price hit the trend line.
Our possible ideal down trend will break the 420$ support level, touches the 410$ make a shadow there and goes back up.
key support level the weekly trend line( black one) & 390$(on daily)
key resistance level 440$ (on daily)
There is a possibility for the beginning of an uptrend in ICXBTCTechnical analysis:
. ICON/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. Price is in the support zone (0.0001130 to 0.0000770), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0001130)
Ending of entry zone (0.0000770)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
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