Adam-Robinson

Adam-Robinson

Bitcoin Analysis: Navigating the Ascending Channel and Anticipating a Potential Short Trade In the dynamic world of cryptocurrency, Bitcoin continues to capture the attention of traders and investors alike. As of the latest market update, Bitcoin is currently trading within the range of 43200 and 41900 USDT, presenting a unique opportunity for traders to analyze...

Adam-Robinson

ETH/USDT has exhibited a tight consolidation pattern, oscillating between $2390USDT and $2140USDT since December 23rd. This period of relative stability was disrupted by a recent breakout above the crucial $2390 resistance level. However, the apparent bullish momentum turned out to be a "bull trap" as the price swiftly retracted back into the familiar trading...

Adam-Robinson

Bitcoin (BTC) against USDT is presently confined within a trading range with a lower boundary at $40,200 USDT and an upper limit at $43,500 USDT. Notably, a recent and decisive breakout from a bearish channel has occurred, followed by a retracement to test the breakout point. This retracement is strategically positioned at the midpoint between the 50% and 61.8%...

Adam-Robinson

Technical Analysis on DOT/USDT (Polkadot/Tether) - Short Trade Setup Overview: The analysis focuses on the DOT/USDT trading pair, evaluating its current market conditions and proposing a short trade strategy based on technical analysis. The primary observation is that DOT/USDT is currently trading within a bearish channel. Bearish Channel Analysis: A bearish...

Adam-Robinson

Cardano's ADAUSDT is currently exhibiting an ascending triangle pattern on the 4-hour timeframe, suggesting a potential bullish continuation. However, a closer examination reveals a notable discrepancy that may cast doubt on the strength of the pattern. The On Balance Volume (OBV), a key indicator of buying and selling pressure, is displaying a concerning...

Adam-Robinson

In this analysis, we will conduct a comprehensive examination of the XRP/USDT trading pair, with a specific focus on a potential breakout scenario. Our prediction centers around awaiting the breach of the resistance line at $0.6275 USDT, coupled with a subsequent pullback into a predetermined buy zone. The recent price action indicates the formation of a bullish...

Adam-Robinson

In this analysis, we will delve into the technical aspects of LTC/USDT trading, specifically within the context of a rising channel. The focus of our prediction revolves around the anticipation of a breakout beyond the resistance line at $70 USDT. Our strategy involves waiting for this breakout and subsequently identifying a pullback into our predetermined buy...

Adam-Robinson

ADA/USDT's Triple Top Formation Signals Potential Breakdown The ADA/USDT trading pair has caught the attention of traders and analysts as it appears to be forming a significant technical pattern known as a triple top. This pattern can be a bearish signal, suggesting a potential trend reversal to the downside. Traders are advised to exercise caution and await a...

Adam-Robinson

The DOGE/USDT trading pair has been exhibiting an intriguing technical pattern recently, known as a falling wedge. This pattern can be an indication of a potential trend reversal, but traders should exercise caution as there is a hidden divergence on the On Balance Volume (OBV) indicator, suggesting that a breakout may not be straightforward. Understanding the...

Adam-Robinson

BCHUSDT, the trading pair for Bitcoin Cash (BCH) against the Tether (USDT) stablecoin, has shown some intriguing price action recently. It appears to be forming a rising wedge pattern following a retracement to the 61.8% Fibonacci level of the A-B impulse move. Rising Wedge Pattern: A rising wedge is a technical chart pattern that typically indicates a potential...

Adam-Robinson

Bitcoin (BTC) has recently retraced to the 61.8% Fibonacci retracement level of the A-B impulse move. The Fibonacci retracement levels are widely used in technical analysis to identify potential support or resistance levels based on a historical price movement. In this case, the 61.8% level represents a key level of potential support. Simultaneously, BTC is...

Adam-Robinson

SOLUSDT, the trading pair for Solana (SOL) against the Tether (USDT) stablecoin, has recently experienced a breakout from a bullish triangle formation. A bullish triangle is a technical chart pattern characterized by converging trendlines, with the price making higher lows and lower highs. This pattern often suggests a potential bullish move. In this case,...

Adam-Robinson

ETHUSDT, the trading pair for Ethereum (ETH) against the Tether (USDT) stablecoin, has recently experienced a breakout from a flag formation. A flag formation is a technical chart pattern that typically represents a brief consolidation or pause in a price trend before it continues in the same direction as the prior trend. In this case, ETHUSDT's price has broken...

Adam-Robinson

PRICE ACTION: • A steep upwards price action initiates from (1) till finding first resistance (2), creating the flag's pole. • Price action reverses direction from (2) and forms lower highs and lower lows in a narrow flag formation till it finds the lowest support in the formation at point (3). • The pattern is completed when price action reverse direction from...

Adam-Robinson

PRICE ACTION: • In an uptrend, price action finds first resistance (1), which will the horizontal resistance for the rest of the pattern formation, where it reverse direction goes downwards till finding first support (2), which will be the lowest low in the pattern. • Price action reverse direction from support (2) and goes upwards, till finding the second...

Adam-Robinson

PRICE ACTION: • In a downtrend, price action finds first resistance (1), where it reverses direction and goes upwards till finding support (2). • Price action reverses direction from (2) and goes downwards till finding second resistance (3), which will be -around- the same rate of the first resistance (1). • Price action reverses direction from (3) and goes...

Adam-Robinson

The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.

Adam-Robinson

PRICE ACTION: • Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2). • Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1). • Price action reverse direction from resistance (3) and goes...