After a good rally, BTT is now having a correction near Fibonacci 61.8% level and forming a FLAG & POLE pattern. Wait for the breakout of pattern for long positions. If BTT doesn’t sustains near 200 ma and break 61.8% Fibonacci level we can look for short setup.
On the first day itself, Reef had a huge volatility in price movement. Since then Reef has been trying to get to atleast 38.2% Fibonacci retracement but and failed multiple times. We also noticed that the support area has been tested multiple times and there was increase in the volume too. Reef tried to break its second lower high but couldn’t sustain Bearish...
Cocos has been trading below 200 MA and it also broke the 50% Fibonacci level. The next level to watch is 61.8%.
If cocos doesn’t sustain near given 61.8% zone we can see bears getting in control.
Trade safe
Enjoin coin was moving in uptrend making HH,HL. At the breakout of channel , Enjin retraced back from Fibonacci 38.2% level which is always consider as a good reversal sign. Now here a catch, if Enjin had to continue the uptrend it would have not waited in range market. Enjin on other hand is also sustaining below 200ma which indicates bearish control or bearish...
ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern.
Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add...
