After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.
In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.
Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...
We have multiple bearish signals starting to develop on this chart.
Today, we can see DOGEUSD moving below EMA10.
EMA21 has already been tested as support... The next time it is hit it is likely to break.
We have bearish divergence with the RSI, same on the weekly...
Gold has been steadily climbing it's way back up. We have seen several bullish corrections on the way up which were clean!
We are now seeing bearish price action which could indicate a reversal for Gold. For confirmation. wait for the major ascending trendline to break. If it comes to the trendline correctively, we may see another move up.
Goodluck and trade safe!
In our last Dogecoin analysis, we were waiting for price to retrace back to the levels indicated on the chart. Price has slowed down a lot and looking like the correction has almost ended.
For a safe entry, wait for a big bullish candle before entering. This could very well be the start of the next MAJOR move!
In our last couple of analysis for Bitcoin, we were waiting for some sort of pattern to develop to tell us what Bitcoin may do next. Right now we can see a pennant pattern which is good news for us. Pennant patterns usually break and retest before going in the breakout direction. Either way, we can make some good money from Bitcoin!
Wait for price to breakout in...
". There is a possibility of temporary retracement to the suggested support line (0.2805).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. Dogeusdt is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Theta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.
EURCAD is in a bigger pennant pattern and is approaching the support of the pattern. We can see that we are currently in a descending wedge indicating that a reversal may happen soon. On the lower timeframe we can look for trading opportunities within the wedge until we buy the breakout. Will update once we achieve a breakout.
Goodluck and trade safe!
DOGE DAILY CHART
Looks like some bullish movement appearing
as we look to break 0.39063 could we
buyers coming back to market for a long push?
Again showing signs of a cross for long and buyers entering.
Dogecoin Long Entry on the confluence of the pullback trend and longer term horizontal support. If Dogecoin hits this confluence it is a *Very* nice time to go long.
If this tip is helpful I do enjoy donations :) pm me for requested chart analyses
Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
1H MS has flipped bullish again
It has picked up bids in 1D demand which sits on top of previous 1D cap resistance
Bids in these down candles before the up move which broke bearish structure into bullish look decent to me
Targets 53, 64 and moon bag for a quid cuz why not
We looked at Dogecoin (DOGEUSD) on the daily timeframe; many bearish signals starting to develop.
Today, we are going to be looking at the 4h timeframe where we can gain additional information as to what is going on with this market/pair.
First, we notice how DOGEUSD went to test EMA200 as support after breaking below EMA100 back in April.
This same scenario...