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SPX approaching a downsloping resistance. It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move. Lower high after lower high is suggesting downtrend continuation. Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right time to close your longs and enter shorts or stay on the sideline. It may take some time so be patient! Good luck!
NEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this. As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline. We expect a huge dump before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020. It also likely that we will see price lower than this if the bear market continues. Any bounce probably will be a short lifted and the price eventually will go down. On the chart you can see 2 possible scenarios how the price would drop towards $4. Good luck
ARKUSDT remains in the downtrend. Both in a short-term and long-term perspective we're expecting the downtrend to continue. Recently Binance delisted ARKBTC trading pair which is not a good sign for this project when it comes to long-term predictions. On the lower degree the price remains under the downsloping resistance line creating lower highs. Support at $0,277 were holding pretty well, however it was tested already so many times that we expect it to break at some point. How to trade it: You can short rejections below the downsloping resistance line (put a stop loss above this yellow line once you enter your short) or you can wait for a price to break the support at $0,277. Target for shorts / entry for long: $0,251 As this coin is easy to pump by whales as it's very illiquid market , don't do higher than 5x leverage. Good luck
If ETH breaks the resistance at 1230$, we should see a move towards the next key resistance which is at 1290$ . Currently the price remains in the mid of the range. Pullback to the bottom of the range is still possible. 2 scenarios visualized on the chart. Break below the support (green line) would be an invalidation . Stop loss in place is highly recommended . Good luck
Most likely this project is dead. With collapse of FTX, there is a high probability that SRM will dump to zero. SRM is SBF's coin on Solana blockchain. Binance already announced delisting Serum coin . Probably it's worth to try shorting it as it will end like FTT . If there's any 'scam pump', you may be lucky to get your shorts filled at better prices. No hope in this project. Do you agree or disagree? Feel free to leave a comment !
As the bear market continues , the price can't break the resistance and it remains in the downtrend. We expect 30 % dump before any significant bounce. If it happens BCH would drop to 75 $ which are lows from December 2018. It also likely that we will see price lower than 75 $ in this bear market. Any bounce probably will be a short lifted and the price eventually will go down. Good luck
KNC lovers probably won't like this analysis but it's time to face the truth. As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase. If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero. 0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC. Any bounce probably will be a short lifted and the price eventually will go down. Good luck
FILUSD looks bearish . Resistance acting as a resistance . The price currently is below the key level and 30 % drop is still possibble before finding a potential bottom . Currently it looks that the price may reach just below 3$ or maybe even 2,5 $ which would be a good buy zone for the next bull market. Any bounce probably will be a short lifted and the price eventually will go down. Good luck
USDJPY is heading down. If support breaks, expect a move down towards the next key level (136,217). How to trade: - Enter the short if/when the price breaks the support. - place your stop loss above the resistance - exit your short at the next key level 136,217. 2 scenarios visualized on the chart. Good luck
The price created beautiful ranges that you can observe on 4h timeframe. Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position. Entries, Take profit levels and final target for this trade are shown in the chart Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000. Good luck