#IMX price has started to decline after reaching the downtrend line and again we expect a drop to the support level of 0.910 $ - 0.930 $ and if the support is broken, the next price target is $0.730.
#Uniswap Labs introduced a mobile crypto wallet for iPhone users.
#GMX , After reaching its historical high, it is moving in a descending channel. If the price can break the channel, it will probably fall to the support of $59.40-60.90, otherwise it will rise to the resistance of $76.50-77.90.
ConsenSys announces public testing of ZK-Rollup network compatible with Ethereum
#Ethereum has reached the bottom of the bearish channel and the $1,570-$1,550 support. If the support is maintained, we expect the price to rise to the top of the channel, and if the support is broken, we expect the price to drop to $1460.
#CFX price was well supported after reaching the support zone and is now breaking the downtrend line. It is likely to rise to the resistance in the $0.24 price zone.
#Educational
How to draw trend line ?
A trendline is a charting tool used to determine the market's direction by connecting prices using support or resistance. A trendline can also be seen as a straight line that joins two lower highs or higher highs.
Drawing trend lines comes with a few rules
A trendline should connect a minimum of 2 swing tops or bottoms, more touches means it’s stronger.
A trendline should not cut through a candle or candles.
A trendline can only be based on closed the candle .
To draw an uptrend line, you start with a swing low on the left-hand side of the chart and connect it to a higher swing low.
To draw a downtrend line, you begin with a swing high on the Lefthand side of the chart and connect it to a lower swing high.
Trend following is a trading strategy that buys when the price is rising and sells short when the price is falling.
How to draw trend line ?
A trendline is a charting tool used to determine the market's direction by connecting prices using support or resistance. A trendline can also be seen as a straight line that joins two lower highs or higher highs.
Drawing trend lines comes with a few rules
A trendline should connect a minimum of 2 swing tops or bottoms, more touches means it’s stronger.
A trendline should not cut through a candle or candles.
A trendline can only be based on closed the candle .
To draw an uptrend line, you start with a swing low on the left-hand side of the chart and connect it to a higher swing low.
To draw a downtrend line, you begin with a swing high on the Lefthand side of the chart and connect it to a lower swing high.
Trend following is a trading strategy that buys when the price is rising and sells short when the price is falling.
#RNDR has formed a Double Top pattern and after breaking the support, as expected from the price reaction to the formation of the specified pattern, the price will probably reach $0.800 for the specified period.
#EOS moves in an ascending channel, which after reaching the ceiling of the channel, it could not pass and started to descend, probably it will continue to descend until the bottom of the channel.
#SNX is now at the top of a channel. At first, wait for it to break the dynamic support and then you can enter a short position
#Educational
Horizontal Lines
In technical analysis, a horizontal line is often drawn on a price chart to highlight areas of support or resistance.
The horizontal line is drawn by connecting similar swing lows in price to create a horizontal support line. For a horizontal resistance line, similar swing highs are connected.
The Difference Between a Horizontal Line and a Trendline
Both these terms could refer to the same thing: drawn lines on a chart. While a horizontal line is specifically horizontal, a trendline is typically angled and drawn along rising swing lows during a price uptrend or drawn along dropping swing highs during a downtrend.
A horizontal line is not an actual barrier for price. It is a technical tool which may help traders determine whether they should be more bearish or bullish.
Where a horizontal line is drawn is subjective. Not all traders may place the horizontal line at the same price.
Horizontal Lines
In technical analysis, a horizontal line is often drawn on a price chart to highlight areas of support or resistance.
The horizontal line is drawn by connecting similar swing lows in price to create a horizontal support line. For a horizontal resistance line, similar swing highs are connected.
The Difference Between a Horizontal Line and a Trendline
Both these terms could refer to the same thing: drawn lines on a chart. While a horizontal line is specifically horizontal, a trendline is typically angled and drawn along rising swing lows during a price uptrend or drawn along dropping swing highs during a downtrend.
A horizontal line is not an actual barrier for price. It is a technical tool which may help traders determine whether they should be more bearish or bullish.
Where a horizontal line is drawn is subjective. Not all traders may place the horizontal line at the same price.
#Bybit launches its virtual debit Mastercard
Users will be able to pay for purchases using the cryptocurrency on the exchange account. The physical card is scheduled to be released in April.
Users will be able to pay for purchases using the cryptocurrency on the exchange account. The physical card is scheduled to be released in April.
#OP reached the bottom of the channel and was able to break the channel, and now it is pulling back, it is likely to have another step down to reach the support of $1,780-$1,950.
#IMX is placed between support and resistance, and now after reaching resistance and negative divergence, we expect it to descend towards the main support of $0.930 - $0.910 after breaking the dynamic support.
#MakerDAO is reviewing a proposal to extend its existing US treasury bond investments from $500 million to $1.25 billion.