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ETHUSD On the lowest 1W RSI ever testing the Growth Curve!
- June 17, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsEthereum (ETHUSD) broke this week (chart on 1W time-frame) below its 1W MA200 (orange trend-line) for the first time since October 2020. The 1W RSI hit the lowest level ever recorded in ETH’s history and by doing so, the price hit its Logarithmic Growth Curve (dashed line). All this paint the picture of a
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SOLUSD Approaching a buy level
- June 13, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Solana (SOLUSD) hit today the Lower Lows trend-line (bottom) of the Bearish Megaphone pattern that started after the November 08 2021 High (and All Time High). It is now closer to the 2.0 Fibonacci extension, which as shown on the chart play a major role in determining Lower Lows (rebounds) and Lower Highs (rejections).
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OCEANUSD broke above its 1D MA50 but remains bearish for now
- June 9, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Ocean Protocol (OCEANUSD) broke today above the 1D MA50 (blue trend-line) for the first time since April 24. Still, this is not the time to turn bullish, not even on the medium-term, as the pattern since the December 01 2021 High has been a Bearish Megaphone. As long as the price trades below the
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XLMUSDT Failing to break the 1D MA50.
- June 7, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on STELLAR we are using the XLMUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Stellar Lumen has been consolidating since its May 31 short-term High, which is still a Lower High within the Channel Down pattern that started in November
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MANAUSDT Bearish unless this level breaks
- June 3, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on DECENTRALAND we are using the MANAUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where Mana has been trading within a Channel Down since the May 14 High. That is still a Lower High within the general bearish trend and the
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BNBUSD Long-term action plan
- June 2, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The Binance Coin (BNBUSD) has been consolidating with the 1W MA100 (yellow trend-line) as its Support ever since the May 12 bottom and subsequent rebound. On a 1 year basis this is the ultimate range with the 705.00 Resistance and the 209.00 Support each being tested twice. There is a strong similarity between this
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XTZUSDT Still bearish unless the 1D MA200 breaks
- May 27, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 and
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KCSUSDT Up +80% from its Low. Levels to watch next.
- May 24, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The KuCoin Token (KCSUSDT) has risen more than +80% since the May 12 Low. By doing so, it broke again above the 1W MA50 (red trend-line) which was the Support during the rise of 2021. Closing the week above it, strengthens the case of a market bottom. However, we still have a set of
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DOGEUSD Best time to buy is now but can be a lengthy way up
- May 17, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Dogecoin (DOGEUSD) hit last week the 1W MA200 (orange trend-line) for the first time since the December 07 2020 1W candle. This is the trend-line that (excluding the March 2020 COVID crash), marked the bottom during the previous Bear Cycle. This idea illustrates DOGE’s long-term Cycles in order to get a better understanding of
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MANAUSD hit and bounced on the 1W MA150
- May 13, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Decentraland (MANAUSD) is almost on a +70% rise since yesterday’s Low, with the rebound coming on the 1W MA150 (red trend-line), which got hit for the first time in history. The fractal though resembles that of the mid April High both in terms of price action and 1D RSI. That sequence rebounded on the