Bulish
BTCUSDT BULISH in 4H but Bearish in 1HHello everyboy
I hope you had chance to take profit via my last technical pattern (BTC BULISH 4H).
Now BTC moves in Growing up parallel channel in 1H.
BTC is in correction time to go to channel floor in 9150 area.
If channel floor has not been broke and BTC can stay above of 9.1K has potential to grow up to 9.5K
Have Fun
US30We have a trend line, wedge triangle pattern, and a strong support.
A good candle rejection must be good for buy
NZDJPYThe Plan is:
We must wait for this small resistance breakout and leave the price reach almost @ 69.320, the when the price comes down to retest we buy.
We just got two trendlines break and a retest in each. Now the price is showing us a start of a bulish market structure and will very possible create a new high if break this resistance.
Like if you Agree
#KyberNetwork $KNC #DeFi Just Getting Started
Weekly
Looking at our highest timeframe (trend timeframe) we can see Kyber Network has been in a major downtrend and has actually never been in a bull market...I consider this something interesting in a positive way. Look at the most recent price action starting from November 2019 we can see price action found support at $0.15 after testing multiple times for about 3 months until breaking to the upside. Higher high was formed at $0.82 followed by a higher low at $0.45. Price action then decided to form an ascending triangle followed by a breakout and now looking to form a new higher high. Stochastic RSI showing momentum is heavily in favor of the bulls with no signs of slowing down, resistance at $1.35 and support at $1.04
Daily
Shifting over to our pattern timeframe we get a better picture of the ascending triangle breakout and can see a symmetrical triangle has formed on the smaller timeframe also leading to another breakout to the upside. Price action now looking to rest $1.35 resistance, stochastic rsi showing bearish momentum has bottomed out and we should expect another push towards the upside. A daily close above $1.25 is a good sign we continue.
4Hour
Lastly shifting over to our trigger timeframe we can see price action has formed a higher high at $1.27 followed by a higher low at $1.24. A 4hour close above our most recent higher high activates trade and we should see a higher high form near our $1.35 resistance. Stochastic RSI showing bullish momentum has also formed a higher low and bulls are reloading for the 2nd wave. I wonder what price action will be when we are in a bull market...