Hello everyone,
It seems a good day today to do a quick technical analysis for some pairs like BNB/USD, 1INCH/BTC, BTC/USD, ETH/BTC, ADA/BTC. I have just updated my "daily coin checking list" and minimize it so I can try to be more focused into the coins I really want to see everyday and not be distracted and lose time to watch so many coins. After all it is difficult to see and pay attention in many coins so the goal is to control my energy into a smaller list and mayde try to be focuced and read the trends of the market better.
Firstly, here we can see the 4h chart of BNB/USD which is forming a beautiful triangle-flag. It is a potentially bullish patern. As you can see the breakout of the pattern is without significant volume and this is a sign that a retest may occur. It is a good opporunity and it has very good price goals.
1INCH/BTC is looking good being into a falling wedge canal and the thing that made me saw it to you is the hidden bullish divergence which of course is not very very clear but it is there. Hidden bullish divergence indicates unerline strength and it seems to be a good entry or re-entry point. It is soon to say something more claear as we need to wait and see what is about o happen.
BTC is also into a canal-falling wedge in the 4h chart. We need to see a significant level of volume for a breakout. A retest may occur after the breakout of course so try to pay attention to the market and take your time to evaluate your moves. Don't let fomo take place into your trades, and if you lose an opportunity its OK. Another opportunity is on the way, you have just to pay attention on the market!
ETH/BTC is looking pretty good for now with regular bullish divergence. In general, regural bullish divergence means that there is underlying strength and bears are exhausted and indicates a trend reversal. The chart also is in 4h so it is pretty much medium term.
ADA/BTC seems to move between these trendlines right now which is also in the 4h chart. The qustion is "is it going to retest again this trendline and make a rise until the second red line above"? We have to pay attention there! You can have an allert there and be there looking into the 1h,30m or even 15minutes and see what is forming.
Take care guys and let me know about your ideas!
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