sebastian.seliga.7

sebastian.seliga.7

Ethereum (ETH) Chart – "Cup and Handle" Pattern The chart illustrates the technical "Cup and Handle" pattern on a weekly timeframe for the ETH/USD pair. "Cup and Handle" Pattern Definition: This is a continuation pattern in an uptrend, suggesting a potential breakout to the upside. Cup: A rounded decline and recovery in price, forming a shape resembling a...

sebastian.seliga.7

Bitcoin dominance (#BTC.D) has fallen off a cliff: down almost 9% in 11 days, from 61.5% to 56%. That's a seriously rapid shift given its sizeable market cap ($1.9T). This is traditionally the point in the cycle where many altcoins go parabolic, as capital rotates into higher risk, lower cap plays. We've definitely seen early signs of that 'banana zone' side of...

sebastian.seliga.7

Euro bounce from the trend line support Technical Market Outlook: The EUR/USD pair has bounced from the trend line support on the H4 time frame chart after a failed attemt to break out above the last swing high located at the level of 1.1076. The key short-term technical resistance is seen at the level of 1.1000 was violated and will now act as the technical...

sebastian.seliga.7

What else can I say: from $60 to $195 in a matter of minutes. LOL ;) The kay level now is $100 technical support.

sebastian.seliga.7

The #Bitcoin Market Cap dominance index still showing the room for the upside. The target zone is seen at the zone marked as the orange rectangle. Only when this zone is hit, the crypto traders can expect a larger corrective move on #BTCUSD and related pairs.

sebastian.seliga.7

The BTC/USD pair has just completed the five wave decline in the last leg of correction, labeled as the wave C. The overall corrective pattern in the wave 2/B is now a simple Zig-Zag pattern, so the market is ready for an impulsive rally higher. Nevertheless, the price can not break through the trendline and current local high was made at the level of $3,615. This...

sebastian.seliga.7

The USD/JPY market has retraced 78% of the last swing down and made a local high at the level of 110.00 which now will act as a technical resistance level for the bulls. Since then the price has been trading sideways, but just above the trend line support. Any violation of this trendline will likely result in another leg down towards the level of 109.14 and the...

sebastian.seliga.7

The EUR/USD pair did not manage to break through the technical resistance at the level of 1.1410 and the price spiked to the downside towards the technical support at the level of 1.1306. The local high at the way up was established at the level of 1.1394 and since then the market is moving down. The technical support at the level of 1.1306 is the key short-term...

sebastian.seliga.7

The BTCUSD market is trading inside of the consolidation zone and so far there is no sign of any increase in activity either on the bullish or bearish side. One of the levels, support or resistance, must be violated first and if not, then the current situation will last for some more time.

sebastian.seliga.7

The BTCUSD price since the good week remains in the horizontal consolidation between the levels of $ 6,092 - $ 6,828. What's more, a consolidation between levels of $ 6,545 - $ 6,695 has also been created and the price currently goes from band to band, from support to resistance. There are no special industry and technology events on the horizon that would result...

sebastian.seliga.7

#Bitcoin #XBTUSD next target @ $6,540. Technical support confirmed. Watch out longs.

sebastian.seliga.7

One chart is worth more than million words.

sebastian.seliga.7

Let's now take a look at Bitcoin technical picture at the H4 time frame. The market has bounced from the level of $6,024 after two Pin Bars candles were made. The rise is corrective in nature and it does not look as the bulls have too much strength to break through the weekly pivot at the level of $6,379. The price is now in a short-term horizontal consolidation...

sebastian.seliga.7

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The first attempt to break through the technical resistance at the level of $6,809 was unsuccessful, but the pull-back was not that deep and the price is now consolidating around the support at the level of $6,519. The momentum is still positive and strong, so the bulls might attempt...

sebastian.seliga.7 Updated 

There is a distinct possibility of a Truncated Fifth wave and the termination of the impulsive cycle to the upside sooner than expected. This would mean a correction to the downside before the upward cycle will resume. The key technical lele is still 621 satoshi.

sebastian.seliga.7 Updated 

After the completion of five growth waves at the level of $ 840, the price of ETHUSD fell below 61% Fibo and set a new local minimum at $ 492. The correction is ZygZak's character and this is a typical correction for the second wave. Nevertheless, the market is still below the local downward trend line and only a break above this line and above the resistance...

sebastian.seliga.7 Updated 

It looks like the recent breakout above the trend line might be a fake breakout. This is the current scenario that indicates a possible drop towards the level of $7,721.

sebastian.seliga.7

From a technical point of view, the price of the VERGE cryptocurrency is in an interesting place on the chart: very close to the target level of 61% Fibo at 0.0514. From there, the price may turn back and, by breaking the downward trend line, return to the upward cycle. Resistance levels on the chart.