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#BTC gave a shallow break below of the support zone, and forming a small channel pattern. But in Daily TF, its a clean rejection, and hopefully we can see some sort of reversal form here now.
#BTC is now pumping hard, after giving the H4 break of the support and in Daily TF its again a rejection. We need to see a closing over $113,000 mark, which will indicate the early sign of bullishness / reversal.
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#BTC.D UPDATE : #BTC.D dropped and now retraced back inside the range, but #BTC is rising and altcoins are remaining nearly at the same area. Once the Dominance starts falling we can expect short-term rally.
What is #aSOPR (adjusted SOPR) ?
#aSOPR (Adjusted SOPR) filters out all #UTXOs with a lifespan of less than an hour from the #SOPR metric to better reflect economically meaningful activity on-chain.
The adjusted SOPR has a similar construction and interpretation to the standard #SOPR metric, however excludes all transaction volume for coins with a lifespan younger than 1Hr.
The benefit of #aSOPR is, this is generally considered a more accurate representation of the aggregate profit and loss that is realized by coins that are changing hands.
#aSOPR (Adjusted SOPR) filters out all #UTXOs with a lifespan of less than an hour from the #SOPR metric to better reflect economically meaningful activity on-chain.
The adjusted SOPR has a similar construction and interpretation to the standard #SOPR metric, however excludes all transaction volume for coins with a lifespan younger than 1Hr.
The benefit of #aSOPR is, this is generally considered a more accurate representation of the aggregate profit and loss that is realized by coins that are changing hands.
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Here's the Analysis of #LTC :
#LTC caught up in a consolidation and rejected hard from the major resistance of $132 - $135. Within the range its forming a Head & Shoulder Pattern and now on a key support zone of $104 - $106. If we form a reversal candlestick then we can go a mid-risk longs here and short only after Daily candle give break and close below.
#LTC caught up in a consolidation and rejected hard from the major resistance of $132 - $135. Within the range its forming a Head & Shoulder Pattern and now on a key support zone of $104 - $106. If we form a reversal candlestick then we can go a mid-risk longs here and short only after Daily candle give break and close below.
Trading Crypto Guide ™
#BTC is now pumping hard, after giving the H4 break of the support and in Daily TF its again a rejection. We need to see a closing over $113,000 mark, which will indicate the early sign of bullishness / reversal.
#BTC gave a very minor closing over the $113,000 mark and also rejected the support zone too. Price looks bearish at the moment and indecisive too. We need to see some sort of breaks either side (support or 113,000 as resistance)
Trading Crypto Guide ™
Here's the Analysis of #LTC : #LTC caught up in a consolidation and rejected hard from the major resistance of $132 - $135. Within the range its forming a Head & Shoulder Pattern and now on a key support zone of $104 - $106. If we form a reversal candlestick…
#LTC trying to have a break below of the zone, and shorting is now high probable now. Once candle close you can enter shorts till the supporting trendline for a scalp move around $93.00 and lower and long from there itslef after rejection
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Here's the Analysis of #EIGEN :
#EIGEN kept on rejecting strongly, from the strong resistance area of $1.81 - $1.91 and dropped in a very correcting manner. With that, price is on the supporting trendline and a strong support zone too around $1.63. Small buys can be taken now and anticipate the new Higher High.
#EIGEN kept on rejecting strongly, from the strong resistance area of $1.81 - $1.91 and dropped in a very correcting manner. With that, price is on the supporting trendline and a strong support zone too around $1.63. Small buys can be taken now and anticipate the new Higher High.
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#BTC gave a very minor closing over the $113,000 mark and also rejected the support zone too. Price looks bearish at the moment and indecisive too. We need to see some sort of breaks either side (support or 113,000 as resistance)
#BTC gave a shot down making new lower lows after the clear break of the level. Price still looking bearish and can move further lower till $107,000. Market is anticipating more lower moving till $100,000 now, as market is too optimistic.
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Here's the Analysis of #MAGIC : #MAGIC dropped hard flipping the support turning it into the resistance now. Price reaching out the supporting trendline, and might reverse from there. If market continues the drop, then we can see a drop till support area…
#MAGIC dropped till the supporting trendline and kinda holding it too. Well, if you executed the buys then make sure to tighten the stop and risk low, and market is falling hard and continue till it reached any key area.
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#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, failed to give a strong close over the resistance and dropped. Now Bearish candle continue with this, and $113,400 is the ideal area, in case of reversal.
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#ADA ANALYSIS : #ADA stuck between the strong zone, formed a range now. Also, a Triangle Pattern forming inside it, and wait for the breakout to happen. The Support is at $0.74 - $0.76 and resistance at $-.98 - $1.02. Buys at support and shorts at resistance…
#ADA dropped till the buy zone and broke the triangle pattern in bearish side. Price holding the support zone and might turn this pattern into a fakeout now. If you took buys then hold it strongly with tighter stoploss.