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#Bitcoin break below the consolidation range and now smoothly moving lower. Prices now continue to go down till support zone around $22,300 - $22,500. As per market structure, the lowest and final point will the $21,300 - $21,500 support zone. Keep and eye on the mentioned levels and manage the running trades.
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What's the difference between a Hanging Man, Hammer, Inverted Hammer And Shooting Star Candlestick
This is a #common doubt that comes in my like, if Hanging Man and Hammer Candlestick looks same and Inverted Hammer and Shooting Star too, so what's difference?
The differences is the color of the candle and more specifically when it occurring.
Hammer and Hanging Man Candlestick looks the same, but if it appears in #Uptrend then its a #Hanging Man and if its appears on downtrend then its Hammer.
Similarly, #Inverted Hammer and #Shooting Star have the same Candlestick, the only difference is on the appearance, if its on a downtrend then its a #Inverted Hammer and If it appears on an uptrend then its a #Shooting Star Candlestick.
#TOTAL2 UPDATE :
#TOTAL2 Market Cap entered the major resistance as anticipated and rejected too. We saw the reaction over the market in #Alts and #BTC. We still we can say this as an retracement, if market want to reverse then its should break below the 4H Support near about $570B. Best case would be a breakout of the major resistance 📈
Here's the analysis of #LINA :
#LINA sharply pump these days and very strongly rejected from the strong resistance zone of $0.0169 - $0.0174. Price straight away dropped from to the major support zone of $0.0117 - $0.0123. Well, its a not a good decision for entries here and potentially we can see a break below this zone. Take shorts with low risk only.
Prosper partners with crypto giant Polygon (Matic) 👊🏻 which is definitely very bullish for #PRPS✌🏻An Animocabrands project 💪
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#PROS/USDT successfully reclaimed historical support after doing a deviation✌️
Get in for short term profits🚀🚀
#STG dropped to the support, which was anticipated and even does deeper retracement. Price jumped over the support/ reacted from it. If you took buys then you're nearly 8% profits. We suggest to lock-in some profits 📈
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Here's the analysis of #BNB :
#BNB rejected from thr major resistance $333.00 - $337.00 and price creating messy moves as of now. Right now, price is dipping and alts too, so if price breaks $303.00 support then we can see a easy drop till strong support at $286 - $287. You can take this opportunity as shorts scalping 📉
As the market recovers from extended #bear markets, these new #STH buyers return to profit.
We have seen this explosion in #STH profit dominance, indicative of a large #proportion of the coin supply having been accumulated below the current price
Here's the analysis of #DOT :
#DOT is been trading above the major support zone of $6.80 - $7.12. Price is expected to drop back to retest that area. If market remains healthy then you can look for buys on LTF (4H and 1H) for confirmation buys over the major support. Next resistance is at $8.55-$8.80 zone.
QUICK MARKET UPDATE :
Market is kinda of ranging now in a small consolidation and this might due to an very aggresive move. Generally, we see consolidation after such heavy Bullish or Bearish Movement. #ETH and Alts following #BTC, also ranging and active projects moving good and some news based also. Keep an eye on #BTC, if its breaks or rejection the major resistance.
#PROS went quick 20% so far after our post. there is big announcement on the way and we expect big pump in price from here. you guys can hold it for big profits in short term😊
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#PROS/USDT solid breakout of inverse head & shoulder confirmed ✅
Now it's ready to fly 🚀🚀
#PROS is a low cap gem with strong team looks ready to print big green candle🚀
Don't miss it out😊
#PROS/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.7461-0.8595-0.9574-1.025
Stop if 1D close below $0.6167
Here's the analysis of #NEO :
#NEO slides above the major level of resistance and again dipped below at $12.00. Its a major resistance again, and daily candle trying to close below it. If daily candle close below it, then price can easily drop till 4H support around $10.00 - $10.25. You can use Hourly chart to use this opportunity.
#Binance Launches the Airdrop Portal
https://www.binance.com/en/support/announcement/4fbe314cab9d49a5a322ee905c62fc05
#BTC moving in the consolidation range and there is not much movement yet. All eyes are on the resistance level. The US stock market is showing recovery and this is a good sign. Keep tight stop loss in all trades as if the price broke the range in a downward direction then we see a quick sell-off.
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Big partnership for Prosper✌️
https://twitter.com/Prosperpredict/status/1628779228660396035?t=25ZbEHtJ5RX62yBnl9YHDw&s=19
#PROS breakout and retest done on higher timeframe and now is the time for big Wave 3🚀 with big announcement around the corner👀
#PROS will pump big this time✌🏻
What is Shooting Star Candlestick ?
The #Shooting Star is a bearish candlestick pattern that forms during an uptrend. It signals a potential reversal in the trend, indicating that the buyers are losing their control and the sellers are starting to take over.
The #pattern consists of a single candle with a small real body located at the bottom of the overall range and a long upper shadow that is at least twice the size of the real body. The long upper shadow indicates that the #buyers were unable to maintain the #upward momentum and that the sellers were able to push the price down from the high.
What Does That Indicate ?
Traders interpret the Shooting Star as a #bearish signal because it suggests that the market has reached a point of resistance and that there are more sellers than buyers at current levels. Therefore, traders may look for additional confirmation of a #reversal, such as a bearish engulfing pattern or a break of a key support level, before initiating a #short position.
#BTC didn't moved alot but break below the triangle to the downside. This small upmove might kinda retest, and overall we can see price building up and consolidation range. If #Bitcoin breaks below $23,500 support, then price have clean room to move lower. Currently, Market is bit sideways now, so you can do range trading here.
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What is Hanging Man Candlestick?
The hanging man candlestick pattern is a technical analysis tool used by traders to identify #potential trend reversals. It is formed when the price of an #asset opens higher than the previous close, but then falls significantly during the trading session, closing near or below the opening price. The resulting #candlestick has a small body, a long lower shadow, and little or no upper shadow, resembling a hanging man.
Traders interpret the #hanging man pattern as a sign that the bullish momentum of the asset is weakening, and that there is a higher chance of a bearish trend reversal.
Note : It is important to remember that the hanging man #pattern is not always accurate, and traders should use it in #confluence with other technical and #fundamental analysis
#BTC rejected from the resistance zone and now trying to break-below of the triangle pattern. Well, thats not a good indication for the market. But candle closing is still pending. We can see price taking support near $23,500 area. Meanwhile, you should wait for clear indications.
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What is Inverted Hammer Candlestick ?
The #inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. This creates a #long shadow or wick on the upper end of the candlestick and a small body at the bottom.
The Inverted Hammer is seen as a #bullish reversal pattern, meaning that it suggests a potential change in the direction of the price trend from downward to upward. This is because the long lower wick shows that the #market attempted to push the price down, but was ultimately unsuccessful, and the #buyers stepped in to drive the price back up.
#Traders often look for confirmation of a bullish reversal by observing price action in the following periods. If the price continues to rise, it can indicate a reversal is underway. However, if the price drops below the low of the #Inverted Hammer in subsequent periods, this may invalidate the bullish reversal signal.
#Bitcoin hovering inside the major resistance and building up an ascending Triangle Pattern, which is a bullish continuation pattern. Well, this resistance is the only obstacle here, after a breakout we can see a good rally in #BTC and Alts.
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Here's the analysis of #COMP :
#COMP is been in a consolidation range and facing heavy resistance over the major resistance zone of $57.70 - $58.50. On 4H TF, it looks like a breakout but on daily TF its build a strong rejection wick. No opportunity for buys and short below, if price breaks $56.00, which is hourly support 📉
We can see very big pump after official partnership announcement.
Buy and hold for big profits
#PROS will announce Major partnership anytime soon 👀
We can see massive FOMO for this one in short term it’s still in accumulation phase ✌🏻
We are buying #PROS/USDT here
PROS is ready for a moonshot 🚀
Now is the right time to build your position in PROS for massive profits in short term🚀🚀