The overall trend on the daily timeframe is bullish. if we hold the red zone we can see a push to the upside at 163.750. wait for the retest of the H4 Zone.
The overall trend on H4 and the daily timeframe is bullish. Waiting for break and retest of structure on H4 time frame.
On Daily Time-frame Structure was broken. If SAIL hold at 105.00 level then we can see a push to the upside. If SAIL broke 97.00 level we will be looking to sell.
If weekly support is being maintained then we can see a push to the upside at 330.00 level. If weekly support is broken then we can see a push to the downside at 155.00 level.
Overall Trend is bearish on Monthly , Weekly , Daily Waiting for lower-high (L.H) to form on daily time-frame.
Overall trend is bearish on Daily and we are looking for a swing trade. If yellow zone around 1804$ is being respected we will be looking to go short. Enter on lower-time frame on the break of structure.
* Overall trend is downtrend and currently we are looking to go short on daily time-frame. * If it reaches Sell zone then we will be looking to go short on lower time frame.
Overall bearish momentum Confluences- 1. Daily resistance zone 2. 61.8% fib. level 3. Double top on daily-time 4. RSI divergence Waiting for 4hr structure to break for entry.
All cryptocurrency have a strong bearish momentum and we can see a little more to the downside. If it break the yellow zone and retest of that zone we can potentially look for more downside to -27.00%. On H4 time frame you can lower high and lower low been formed.
BTC is in a consolidation range between 30,000$-40,000$. Break of any zone will define the trend to go long or short. Wait for price action to show more information.
Daily Support Zone (Yellow) H4 Support zone (Red) BTC still has some room to go further down to 40,000-42,000$ zone, if it maintains that zone we will be looking to go long. If it does not maintain that zone then next support zone is near 30,000$.
Red(H4) Support zone Yellow (daily) Resistance Zone Price has not been broken below 139.510 If it maintain that level we will be going for long.
Daily time-frame As you know cryptocurrency is in bullish trend due to FOMO. Everyone is buying safe-haven (Commodities & cryptocurrency). Retest around 430-450$( If support is been maintained at this level). Full target 800$
DAILY CHART SUPPORT ZONE(YELLOW) Let see if this support zone is being maintained. But we have to careful for the weekly closure(long wick).
4Hr Chart 4Hr support (Orange zone) If price touches the pink line, then it can form Head & Shoulder Pattern. Let's see if price touches the pink line.
Yellow zone is strong daily support & it has been tested multiple times. We will wait for some kind of pattern to form on lower time frame to enter. If that support is broken we will be looking to go short. Fundamentally,Gold is strong because no. of cases is rising world-wide. If vaccine is developed it will take time for distribution.
DAILY CHART DAILY SUPPORT( YELLOW) ,PRICE HAS BEEN REJECTED MULTIPLE TIMES.