It's just consolidating, let's wait
Again, TAKE PROFITS! Unless you put your money for a very large time you should be learning to take profits, manage your risk and pick the right assets. DOT is still great fundamentally but if it drops form this line it might be like ADA this last 3 months, but hold the logline that is in the previous analysis at $19 *Disclosure: I own DOT spot and not selling...
One strategy to increase profits and trading efficiently is finding and trading coins that outperform ETH and give your time for analysis only for this coins. If they don't gain against ETH at some point it is not worth (even if you have great news or fundamentals) exchanging your ETH, the mother of Altcoins, into any other coin. Now, if the coin outperforms ETH...
Many touches and support at this price from last consolidation, always wait for confirmation and then attack. We can see the daily MACD giving us a good entry after this consolidation over the support line, last time price was at this levels and the MACD gave us this signal ADA when nuts doing over 180% in 40 days. We always try to look for the trap in our own...
BNB is of great value, against ETH and BTC charts is working so well. Plus is reaching the bull band (SMA 21 and EMA 20) to find support and keep going from there completing the big bull flag. One of the best Bullish scenarios I've seen! (if it holds) Has been working out for us in our previews analysis
After great returns comes retracing, we can take advantage of this trading inside the channel. Not the best probability trade but still a pretty good pattern.
Matic reached our targets and its consolidating inside the channel again, according to the previous idea will be there for quite some time.
According to Investopedia: " The log chart represents price spacing on the vertical or y-axis dependent on the percentage of change in the underlying asset's price " We can use it to see relative or percentage trends and also create trend lines for big changes with it. This trend line comes from the bottom of the bear market in March 2020 right on the pandemic...
3 Indicators, if they hold and become support this thing will explode before January. 1) Hold the Bullish strip (21 Week EMA and 20 week SMA) and the 120 Daily EMA: Today just touched it between 51K and 53K and it closed above both. 2) Breakup descending wedge pattern and hold yellow ascending trend line: A clear wedge that has a goal of over $70K if it...
A beautiful channel forming from the drawdown in September. Bitcoin is over the 21 Week MA (historically Bullish), over the 7 Week MA, Bear trendline from the top and doing perfect higher highs and higher lows. Some think we'll get to the ATH in October, some in November, and there are some that STILL think we are in the bear market. Let me know what you think...
XRP is breaking the channel that was made from the last week of July, now is consolidating on top of it and is ready to make a move up. There is also confirmation of an inverse head and shoulder pattern
Not sure, but I think that it might be possible to gain the losses next week. Bulls may take the reins next week but also it can continue coming down. Also, there is big resistance in 11210 level Please add your comments!
Etherium has been lagging, compared to $BTC, in this crypto consolidation, altcoins in general were consolidating, but ETH is staying behind. Now is forming a clear Head and shoulder pattern and it might come back to it's level of consolidation or come all the way down to the strong resistance level of $325. All considered, as a strong believer of the crypto...
Still learning here so any ideas or comments please share them! The price of USDWTI just finished the consolidation that longed for a little bit more than a month and as it broke the 41.1 big resistance between yesterday and today retest that area and created a regular size head & shoulder pattern. Expecting some resistance at 42.50 but waiting for the first take...
NZDJPY showing great technical indicators of a 5-year trend line being touched as resistance and coming down from there. What do you think?
Great opportunity, I saw this a while ago and it might take until June to touch the first TP but I'm committed to become a real swing trader and hold this one
Ready to be bullish now (Finally!) This bull flag is very clear here. I guess. Pls let me know
I'm posting this as an idea, I thought that the head and shoulder was already here when we touched the 2780 level but we came back because the feds and Powell saying that they will do anything to keep the rally. Now this one (that I have in the picture) might come next week so I hope that the feds can't fight this really obvious technical indicator of a fall....