This is a huge development. Cardano (ADA) hasn't been above EMA50 for more than a few days since March 2022 at which point there was a rejection. The last time that ADAUSDT was above EMA50 on the bullish side was August 2021, that's 1.5 years ago. Going above this level/indicator opens the door for mid-term bullish potential so it is normal that ADA experienced...
No signs of pause, consolidations, nothing... So far we are having straight up and this is good news. When you see bitcoin and the other altcoins slow down, it becomes worrisome as doubts creep in and we don't know if things will keep on falling. We look at ADA and we are reassured because it makes it clear that the bulls are just entering the game. As long as...
The main target for this wave, short-term, is now set at $17,580. So far we are seeing slow steady growth within an ascending channel. By, or after,12-January 2023 things should really speed up... Get ready because it will be a lot of fun. Make sure to check the Act Now! Strategy in the 'Related Ideas' below. Namaste.
Things are starting to look better, today we have a full green candle as trading volume is yet to come in... Let's read together the Cardano (ADAUSDT) chart, please. Feel free to Boost! 🚀👍 The RSI is about to enter the bullish zone above 50. The fact that we have no volume yet a full green candle present is good news. This means that the real...
Bitcoin (XBT) is moving ahead building momentum... The breakout is going towards the bulls. As usual, this is our short-term timeframe (1H). In this timeframe XBT has gone above MA200 and EMA300, our longest moving averages. This translates into a strong bullish signal. The RSI is really strong now at 67. With these signals in place, we can expect higher...
Our bullish bias for the Cardano pair, ADAUSDT, remains intact... The arrows on the chart are just for illustration purposes but we see this pair going up. Invalidation happens below the 30-Dec. low. Any trading above this level and we stay strongly bullish... Simple and easy. Thank you for reading. Namaste.
The reversal signals are starting to accumulate within the short-term timeframes. Cardano, 2H, is showing a strong bullish divergence with the RSI, which went oversold 16-Dec. but today it turned before reaching this same level. We have a very strong 2H candle, full green, which closes in one hour. It needs to close above EMA10 to remain strong/for...
This is our short-term analysis updated... Targets are as follows: 1) $16,750 2) $17,055 3) $17,220 (higher high) 4) $17,690 (final target for this chart setup) The short-term charts are always changing... Fast. Invalidation happens short-term below the blue-line or a stronger stop below the 19-Dec. low. Any questions just leave a comment. ---- I shared a...
All signals are pointing lower, expect a green Monday/Tuesday.
Consolidation continues to takes place. The chart remains the same so we will have a look at something different today. First the shakeouts. - We had one 19-Dec and another one yesterday, 22-Dec. - The second one smaller than the first and also a higher low. Now an interest data point. BitFinex price for bitcoin is higher than all other exchanges, I am seeing...
We just had a shakeout yesterday which can be taken as a bullish signal. A breakdown of support is obviously bad but seeing prices quickly recover after a drop is a sign of bullish strength. Bitcoin (XBT) remains within the same range as the 16-Dec. drop. Our main support levels will remain $16,580 and $16,100. We remain bullish above these levels...
Bitcoin (XBT) is trading within a descending channel. - Chart signals are bearish. - Trend bearish. There is a bullish divergence with the RSI. Potential for a reversal in the current zone possible. Main support $16,500. Above this level bitcoin can break out of the descending channel and move up (green arrow). Below $16,500 this analysis is...
Bitcoin (XBT) continues trading within a range. All the technicals are the same as before, bullish. We've been having lower highs since 5-Dec. but also higher lows; again, consolidation. The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do. Better to wait after they make their move to see how the market...
We haven't given up on XRP and below I share with you our full trade signal from 24-Nov. As usual, let me warn you that leveraged trading is for experts only and carry high risk. You can liquidated and lose all funds. Make sure you know what you are doing if you engage in this type of trading. We recommend spot trading for beginners and intermediate traders...
I would like to share with you our trade signal for Cardano (ADAUSDT). This one we are going with 8X lev. which is high risk. For experts only. Beginners stay away. There is high risk involved with margin, leverage, futures and all that type of trading. Spot trading for beginners. Only move to the other tools once you dominate the easier ones. If you do decide...
The opportunity to rebuy on the drop is almost over. Bitcoin (XBT) is getting ready to move ahead. Full moon blessings. After a resistance level is hit, it is normal to see a correction. After the 5-Dec. peak, we have a correction to the 0.5 Fib. retracement support for the bullish wave that started Monday 28-Nov. The bullish bias remains intact. Additional...
We are seeing how Bitcoin Cash (BCHUSDT) is lagging behind some other altcoins but we believe this won't continue to be true for long. The early/mid November shake-out has been completed and what follows is a bullish jump. Today BCH moves above EMA10 after multiple days of consolidation. The RSI is still weak but the short-term bias is pointing up. The easy...
Bitcoin (XBT) stays within the same range... We challenged the upper resistance followed by a quick rejection yet the bulls stay on top. We continue aiming higher. Not much to report as the chart structure stays the same vs my latest update. For questions just leave a comment. You can visit the "Related Ideas" below for the longer timeframes as well as...