Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
📈 Daily chart:
On the daily chart, there was a 🐻🔫 bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30.
⚡Volatility contraction
📈 Weekly chart:
📈 Daily chart:
The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility.
Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
Fibochannel
BNB testing the weekly 200 average📈 On the weekly chart the price is testing the exponential 200 average
🚨In case the scenario continues to be bad, the price could retest the bottom in the blue 🟦 region, going at $ 183, in a 27% drop.
🚨🚨 In an even worse scenario, it could test further down the 🟩61.8% retracement (between $150, $117) and 🟨50% retracement (between $100 and $67).
📈Looking at the daily chart, if the price breaks the orange 🟧rectangle that goes from $250 to $260, we could have a return to the average of 200, at the price of $300:
📰🤥News, FUD, and my reflections
Amidst FUDs that the exchange is not able to honor customer withdrawals, and about the disappearance of the audit firm, the token was one of the ones that dropped the most against tokens from centralized exchanges:
💸 Because of this, there was a record of withdrawals, and this moment is proving to be a great stress test:
📈However, as I analyzed above in the chart, everything is still normal, and even if the price drops further, it would be a perfectly normal correction.
Also, exchanges earn from transaction fees, not the price of tokens.
💬 The narrative of the traditional market and the mainstream media is that 'It is necessary for exchanges to prove that they are capable of honoring cryptocurrency withdrawals'.
🤔 So I ask them the question:
❓Are banks able to honor cash withdrawals?
👨👨👧👧Population: Take a test and withdraw all the money. Now.
🚔See if a war tank appears to protect the bank...
🤡 The difference between Credit Suisse and Binance is that Credit Suisse can break because the government protects it.
I think this is all one big narrative to manipulate the price.
Or an ideal pretext for creating regulation, and for banks to have a monopoly on controlling money.
Orion protocol's channel is saying buy it!ORN is one of my favorite protocols, I believe it's a good choice for investors. Read more about it.
Technically is going to start another bullish run. Let's see...
Doge/USD FIB roadmap PART IIHello Trader,
good mood and profitable trades
If you're new in the game,and you are interested in my plan, check out my previous analysis :
DOGE/USD PARTI, Altcoinsession is comming, SC /USDT roadmap, , HOT/USDT and LTC/USD and BTC Hype PART III
This chart is a combination of 2 Fib channel, and Fib retracement. Confluence areas of the fibs are key price zones to watch... and act as targets !!
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
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Dyor an trade save !
IRIS is almost completed its Eliot waves and save your profitMaybe IRIS goes to breakout the resistance of the fibo. trend to reach 4.618 level, but be careful, in my opinion, it's the awful range for holding the coin, so save the profit