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SUI went up too far, and obviously very overbought, but bullish marker structure wasn't broken yet. Now within order block left from March. So I see the following possible scenarios:
Bullish: it consolidates within 1.56-2.35 range in a bull flag. And then expends for another leg up into ATH
Bearish: correction down to 1.00-1.15
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@WiseAnalyze #SUI #ta
SUI went up too far, and obviously very overbought, but bullish marker structure wasn't broken yet. Now within order block left from March. So I see the following possible scenarios:
Bullish: it consolidates within 1.56-2.35 range in a bull flag. And then expends for another leg up into ATH
Bearish: correction down to 1.00-1.15
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@WiseAnalyze #SUI #ta
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Ethereum vs BTC is a classical instrument to see if alts market is bullish or bearish. Yes, since classical times other influential alts appeared (like SOL), but ETH/BTC remains the main one IMHO. And here we can see total bearishness.
Last week closed below falling wedge lower trendline. If this week keeps that momentum, we may expect it to drop down to ~0.033 (March'21 close).
If turn bullish and close this or next week above ~0.038 that PA can be taken as first signs of bullish reversal (and start of alts season)
@WiseAnalyze #ETH #ETHBTC #ta
Last week closed below falling wedge lower trendline. If this week keeps that momentum, we may expect it to drop down to ~0.033 (March'21 close).
If turn bullish and close this or next week above ~0.038 that PA can be taken as first signs of bullish reversal (and start of alts season)
@WiseAnalyze #ETH #ETHBTC #ta
And since I've mentioned SOL as this season's altcoins King, here is SOLBTC chart for comparison. While ETHBTC sucks, SOL is moving within "bull flag" pattern, very close to another breakout π
@WiseAnalyze #SOL #SOLBTC #ta
@WiseAnalyze #SOL #SOLBTC #ta
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SEI bounced once from weekly 20SMA and there is a good chance we will see it re-test same level again.
In case of breakdown price should drop to the next strong SR zone around 0.305-0.3165
In case of bounce nearest zone of interest is Daily gap with EQ around 0.4 - the rest depends on PA there. In order to reverse back to low TF bullishness SEI got to grow above 0.42 at least.
Keep in mind that on month chart SEI still look very bullish.
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@WiseAnalyze #SEI #ta
SEI bounced once from weekly 20SMA and there is a good chance we will see it re-test same level again.
In case of breakdown price should drop to the next strong SR zone around 0.305-0.3165
In case of bounce nearest zone of interest is Daily gap with EQ around 0.4 - the rest depends on PA there. In order to reverse back to low TF bullishness SEI got to grow above 0.42 at least.
Keep in mind that on month chart SEI still look very bullish.
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@WiseAnalyze #SEI #ta
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Next ENA dip down to ~0.317 can be worth buying for final breakout @WiseAnalyze #ENA #ta
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π Bitcoin Daily π
BTC continues pushing higher towards the end of UPTOBER π
Unless something very bearish happens within these last three days, month close should be very bullish. And while there is always a chance to start November with dips (to create at least a small buy tail on month chart), everything whispers that we may count on new ATH next month π€
For the dips in November most interesting zone is around 67-69k. Dropping below 65150 will break bullish market structure, but before that happens I have no intention to look into that scenario of future.
I've been stressing out that Market Structure remains bullish since HH formed on September 26th. Here is a hint π‘ You can easily unfollow everyone who was calling for 15-40k after that date - they are incompetent and unprofessional technical analysts π
Nearest liquidity pools:
above - 71980 / 72144 / 73836 / ATH
below - 70720 / 69942 / 69360 / 68777
Lines on the chart:
πΈ73881 - March high (ATH)
πΈ72890 - April high
πΈ72144 - June high
πΈ70081 - July high
πΈ68392 - dev Year VWAP VAH
πΈ66450 - September high
Trend: D πΌ W βΆοΈ M βΆοΈ
π€ F&G: 72 < 72 < 74 < 72 < 69
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@WiseAnalyze #BTC #Bitcoin #important #ta
BTC continues pushing higher towards the end of UPTOBER π
Unless something very bearish happens within these last three days, month close should be very bullish. And while there is always a chance to start November with dips (to create at least a small buy tail on month chart), everything whispers that we may count on new ATH next month π€
For the dips in November most interesting zone is around 67-69k. Dropping below 65150 will break bullish market structure, but before that happens I have no intention to look into that scenario of future.
I've been stressing out that Market Structure remains bullish since HH formed on September 26th. Here is a hint π‘ You can easily unfollow everyone who was calling for 15-40k after that date - they are incompetent and unprofessional technical analysts π
Nearest liquidity pools:
above - 71980 / 72144 / 73836 / ATH
below - 70720 / 69942 / 69360 / 68777
Lines on the chart:
πΈ73881 - March high (ATH)
πΈ72890 - April high
πΈ72144 - June high
πΈ70081 - July high
πΈ68392 - dev Year VWAP VAH
πΈ66450 - September high
Trend: D πΌ W βΆοΈ M βΆοΈ
π€ F&G: 72 < 72 < 74 < 72 < 69
Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube
Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto, Forex and Commodities all in one place π₯
@WiseAnalyze #BTC #Bitcoin #important #ta
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π Ethereum chart review π Ethereum went down under developing M20SMA again. Another long buy tail and close above. But tail with volume is good. But low volume on the bounce means that buyers didn't sell nor they didn't buy more, so waiting for another dip.β¦
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Binance Will Support the #Shentu (CTK ) Network Upgrade & Hard Fork
If its not dead, it can be longed. Counting on violent dip down to 0.6 next month. And from that level possible pump up to 1.39 (130% or over 7:1 RR)
@WiseAnalyze #CTK #ta
If its not dead, it can be longed. Counting on violent dip down to 0.6 next month. And from that level possible pump up to 1.39 (130% or over 7:1 RR)
@WiseAnalyze #CTK #ta