Cjbeneneet

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$MON
Monad looking great here. Almost a cookie cutter example -- almost. Definitely fairly clean on the setup.
In April/May, we went into a double top that brought us all the way down to ~$0.018. Now, look where we are: a double bottom setup getting ready to break out again. It's sitting right at the neckline resistance, which just so happens to be just under the 200DMA now. Even the Phantom had a bullish divergence and is now back in the positive. I would watch the 200DMA and the neckline area here for a push over. After that? Just ride the trend back up.
The 4HR looks fairly clean too; ju
MON0.91%
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GM
Let's see what this circus brings us today. ☕️
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$SOL is close behind the others - just a tad more choppy than BTC/ETH. Shaded squeeze on the Daily looks like it wants to pop. Phantom starting to flip bullish again. Still not there yet, but it's clear that all of these are in tandem.
SOL0.68%
BTC-0.15%
ETH1.08%
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bitcoin:native
There it is. Bitcoin knocking on the door of the resistance, following the same path as ETH.
BTC-0.15%
ETH1.08%
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ethereum:native
Heads up! Ethereum wants to boogie. Just need to break this resistance above, but this shaded squeeze may give it the fuel.
ETH1.08%
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Sekayla28:
The compression is strong, but false breakouts are not uncommon now.
ethereum:0x514910771af9ca656af840dff83e8264ecf986ca
I haven't changed this chart in some time. Looks like we bounced perfectly off this support near $7.25. This reversal looks like a squeeze fakeout taking place (for those that don't know, this happens when a shaded yellow area ends up violently moving down and then immediately hits a reversal after in the other direction).
Matter of fact, this last reversal was confirmed. In addition, there's a death cross incoming on the Weekly. It may take some time, but the last death cross is where it bottomed out, went sideways, and then broke back out
ETH1.08%
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zcash:native
Zcash appears to be back-testing this neckline area of previous resistance. You can see the decision-making area on LTFs when you look at the 4HR.
ZEC-3.84%
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bitcoin:native
Bitcoin starting to build up pressure on the Daily. Shaded squeeze still waiting to move and sitting right underneath the track line. Phantom has a bullish divergence and we have also retaken the 50DMA.
The Weekly still needs some love imo, though. Sitting right on top of the 200WMA again, but we're still waiting on a more bullish setup. Just be mindful of that.
BTC-0.15%
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GM
New week, new chances. Let's go.
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$ANSEM starting to play out like this now:
We've created a new local support underneath and even retested the previous local resistance below on LTFs. The key update I want to call out here is this newly created back-to-back B/R combo forming on the 6HR. First one failed, but this second one just might confirm. It even touched the top of this structure again.
Also, notice how the 100MA here was the catch-all support line. Between here and the top of this structure is all you need to watch in the short-term for trend direction. The Hourly also has a bullish divergence on the indicator, but l
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Forgot to post this earlier. Flyby $ANSEM update. Looks like the tables have turned already. Double bottom into a shaded squeeze and then notice the Daily bouncing off the track line.
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ethereum:native looking good here too. Notice the quick push over the neckline of this double bottom as it retakes the 50DMA. Then you've got the bull div on the , consecutive green dots over the track line, yada yada. Relief incoming, but how long is the question. FWIW, there's a chance it confirms this reversal candle on the Weekly, but in a bear market, sometimes these bullish setups fail at the first sign of weakness.
ETH1.08%
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GateUser-54770071:
Well done for the analysis, thank you.
$LTC with a confirmed bottom and also this structural double bottom playing out, similar to others out there. Bullish divergence on the Phantom and a shaded squeeze with green dots, as well as testing the track line and the 50DMA. Lots of signals showing possible relief in the mid-term -- just slow-going getting there.
LTC-0.46%
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RememberMe:
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Market looks like we may get some temporary relief around the corner. Lots of double bottom structures such as $BTC $ETH $SOL $LTC etc. Keep in mind that we're still inside a HTF downtrend so you have to expect any relief to be shorter in duration until we finally get the Weekly and Monthly timeframes back in an uptrend.
BTC-0.15%
ETH1.08%
SOL0.68%
LTC-0.46%
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$BTC is moving back towards the track line on the Daily, but curious to see how this plays out over the coming days. Look at where it's sitting on the Weekly -- it's right on top of the 200WMA. Still in a bearish posture atm.
BTC-0.15%
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YaqubSY:
I always see BTC as an opportunity
$ANSEM
I see this popping up in my feed more and more.
Not a lot of historical data so the track line positioning and the MAs should become clearer as time goes on, but we've got enough to see short-term PA.
The Daily had a reversal confirm; hence why it pulled back down. The 4HR is holding just above the track line and the 50EMA so we look to LTFs for clues. The Hourly is where all the juicy details reside. Looks like it's attempting to bottom out again from this pullback with several local bottoms printing. Matter of fact, the last local bottom there confirmed and now we're retesting the
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GM to all the humpday-ers 🫡
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