Could Market Adoption Break 45,000?
Weekly Time-frame
We are breaking the double bottom pattern. Price target at $52,194. Seems like we are about to turn the supply area into demand area and make a rally base rally set up. Retest of the supply area and not break it would mean we can get dump to up to $41,574.
1D Time-frame
Greed and Fear index is now in #40 which is still fear. Liquidation reached 120M 68% of it from the short position. Which would mean there is a clear floor to the downside that can start dumping the market again. Ichimoku Cloud is forming a beautiful bullish cloud. We are hoping to break the supply zone at $43,900 If we make it our new base then we can continue to the upside. Retest from the Supply zone would mean we are going down to $41,296, $38,434 bottom $37,000.
4H Time-frame
Strong demand zone is waiting at $41,296. Awesome Oscillator is now turning bearish twin peaks. We can expect that this is the bottom if we print the next volume a red volume.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We are breaking the double bottom pattern. Price target at $52,194. Seems like we are about to turn the supply area into demand area and make a rally base rally set up. Retest of the supply area and not break it would mean we can get dump to up to $41,574.
1D Time-frame
Greed and Fear index is now in #40 which is still fear. Liquidation reached 120M 68% of it from the short position. Which would mean there is a clear floor to the downside that can start dumping the market again. Ichimoku Cloud is forming a beautiful bullish cloud. We are hoping to break the supply zone at $43,900 If we make it our new base then we can continue to the upside. Retest from the Supply zone would mean we are going down to $41,296, $38,434 bottom $37,000.
4H Time-frame
Strong demand zone is waiting at $41,296. Awesome Oscillator is now turning bearish twin peaks. We can expect that this is the bottom if we print the next volume a red volume.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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