Short XRPUSD at 0.89050
What looks like a long on the shorter timeframe, seems like a false breakout and a great shorting opportunity on the longer timeframes.
On the 15 min timeframe, it looks like XRPUSD is breaking out. It seems to be riding up against the upper Bollinger Band, and using that chart alone, one would want to wait for a small pullback before...
Short LINKUSDT at 25.78510
What looks like a long on the shorter timeframe, seems like a false breakout and a great shorting opportunity on the longer timeframes.
On the 15 min timeframe, it looks like LINKUSDT is breaking out above the 24.8 resistance level. On its own, this would suggest going long at this price.
However, when we zoom out to the 75 min...
Short DOTUSDT at 21.4192
What looks like a long on the shorter timeframe, seems like a false breakout and a great shorting opportunity on the longer timeframes.
On the 15 min timeframe, it looks like DOTUSDT is breaking out and has converted the 20.0 level from resistance into support. On its own, this would suggest going long at this price.
However, when we...
This DOGEUSDT chart shows us the importance of using multiple timeframes when analysing a potential trade.
On the 15min chart, and the shortest timeframe, DOGE looks like a good long. It seems to have broken through a historical resistance at 0.26, and common wisdom would say that this has become a support.
However, when we move up the timeframe ladder, we see...
