paper_Trader1775

paper_Trader1775

SHIB needs to break out of the downward parallel channel but right now it is below the midpoint of the channel and could be heading to the support of the channel; however the good news it has paused at a Demand Zone. The Bulls need SHIB to clear 0.00001241 and then 0.00001311(which is the midpoint of the parallel channel) SHIB needs to clear the Fibonacci Golden...

paper_Trader1775

Here we have DOGE resting on a trendline in the Fibonacci Golden Zone, and area where price at times pulls back. We also have the possibility of a golden cross occurring, which last time it was very favorable for the bulls. So it seems that the bulls need price to make Higher Highs and Higher Lows from the Fibonacci Golden Zone and maintain the trendline; which...

paper_Trader1775

**Analyzing Ocean Protocol (OCEAN/USD): The Power of Support, Resistance, and the 21 EMA** When trading or investing in the ever-changing world of cryptocurrencies, technical analysis tools offer vital insights into price action and market psychology. Let’s explore how these concepts play out in the recent price chart of Ocean Protocol (OCEAN/USD). **Dynamic and...

paper_Trader1775

If price closes below the trendline(white line on chart)there is a possibility, for price to touch the Demand Zone below. If price breaks resistance around the 0.83 area the asset can touch the 1.00 area. Please be careful of fakeouts and liquidations and consolidations.

paper_Trader1775

It seems the last two major moves on the chart (in the blue boxes) there was heavy consolidation for seven to 10 candlesticks, in this chart seven to ten weeks before a breakout. The bears now have a strong bearish candle but it is still in a consolidation pattern. The Bulls still have a trendline that held from April 2024 where price has not closed below it...

paper_Trader1775

Hopes of double bottom being formed from the 200 EMA(in orange), may evaporate if the 50 EMA(in blue) does not provide adequate support. Bulls need price and momentum to make Higher Highs from 0.23 area while bears want price to drop below 0.20.

paper_Trader1775

"Tesla is at a binary point on the chart. The stock is wedged tightly between the red, downward-sloping resistance line (upper boundary) and the green, upward-sloping support line (lower boundary)—the classic apex of an asymmetrical triangle. At this stage: A breakout above the red resistance would be a clear bullish signal, potentially starting a new upward...

paper_Trader1775

This week Heiken Ashi candle gave a bullish close above the DOJI Heiken Ashi candle from last week. RSI is above 50. MACD (Chris Moody) look like it may have a bullish cross over soon. Stochastic RSI is getting ready to curl up. What do you think team? do you think the bulls maybe entering their season? Next few days are going to be interesting. If the buyers and...

paper_Trader1775

We have a nice parallel structure sitting on top of a 50 EMA (in blue). A consolidation is happening. Interestly enough the 200 EMA(in orange) is close to the 0.382 Fib level. On the weekly chart you can see the bears gearing up. But the bulls are still in charge. Price needs to hold the 20.64 price range for the bulls.

paper_Trader1775

Price has fallen and is clinging to the 50 EMA (in blue) 13.97. Price is dancing outside the upward channel. If the 50 EMA does not hold price may fall to the 200 EMA 13.54 range in orange.

paper_Trader1775

SOFI has finally reached it's resistance level around 23.84. Last week candle was a High Wave Candle. If we get a strong close above 23.84 that probably means the bulls are marching on, if we get a bearish close below 19.55 that may mean the bears have stepped in and are looking to pull prices down to the golden zone of the Fib Level. Observe the bearish...

paper_Trader1775

The asset is forming an asymmetrical triangle. The resistance is at $9. The support is at the 50 EMA and the 200 EMA. And the moving averages might make a golden cross. Bulls need the price to break the $9 resistance while a golden cross happens. Bears wouldn't mind price to go back to the value zone.

paper_Trader1775

Greetings Can the bulls maintain the upward parallel structure? Which also coincides with the 50 EMA. If so bulls can take price back up to 14.50 and possibly higher, but structure needs to be maintained.

paper_Trader1775

We have price sitting on the 200 EMA(in orange). We have a Doji candle sitting on the 200EMA. Is this a minor pullback? Bulls need price to move above the High of the Doji candle. Bears need price to fall below the low of the Doji candle and then to the 50 EMA(in blue) and then to 9.87 for a CHOC. Let us be patient and see what candles appear after the DOJI...

paper_Trader1775

Bears could not bring price below 12.54, bulls have kept the momentum. It seems price has broken out of the consolidaton. Bulls need more momentum and for more levels over 50 on RSI. Bulls need to make Higher Highs and Higher Lows from 13.70 with good RSI levels to keep victory going, if not then last candle victory would be for the bears delight a fake out.

paper_Trader1775

Do we have a Piercing candle around the golden zone 0.5 Fibonacci level 6.19$, also this candlestick pattern is resting at the moment on top of the 21 EMA? Will the bulls continue the march? is the pull back over? We need to close a bullish candle above the halfway candle of today's candle this week for the bulls to keep the 21 EMA and march on to victory.

paper_Trader1775

We need a break of the downward parallel structure and the 50EMA 6.89, for the Bulls take charge. Buyers did a good job raising the price from the 6.45 closing price from Friday, but the bulls need to finish the job and make a HLs and HHs through the 50 EMA. If not Bears going to cycle the price back down.

paper_Trader1775

Despite the previous fake out, the trendline on the hourly is still powerful displeasing the bulls but giving hope to the bears, the bears need price to go below 12.54 to complete the down trend on the hourly chart.