BUY: 0.000342 – 0.000355 TARGETS: 1) 0.000446 2) 0.000544 3) 0.000640 STOP: 0.0003 (when a 4h candle closes below this price) Rationale: -Price has been forming a pennant for the last 39 days and is holding above the 100 EMA which has been a strong resistance throughout the uptrend. -Price broke above the purple diagonal trendline and has re-tested it, turning...
BUY: 0.0034 – 0.0039 TARGETS: 1) 0.0112 2) 0.0178 3) 0.0234 Rationale: -Price has been consolidating below the white trendline and is starting to show strength -Volume is increasing -RSI is making higher lows, and holding above a trendline support -Bullish divergence is visible Once this breaks the upper trendline this should explode. Now is a good time to...
BUY: 1.64 – 1.74 TARGETS: 1) 2.00 2) 2.47 3) 2.94 STOP: When a 4h candle closes below 1.28 Rationale: -Price has reclaimed the 4h 100 EMA and 200 EMA and is holding above (bullish) -Bullish divergence has formed (pink lines) -Price has just broken and retested the upper trendline support (upper white line) -Price will likely re-test the EMAs again before making...
BUY: 34.6 – 36.72 TARGETS: 1) 42.00 2) 46.5 3) 51.00 STOP: When a 4h candle closes below 29.00 Rationale: -Price has been holding well above the 200 EMA for most of the uptrend, and has just recently tested this level. -The 200 EMA is a strong support level and price reacted to it well, bouncing back up above the 100 EMA. -Price has been compressing in a pennant...
BUY: 4.460 – 4.775 TARGETS: 1) 6.38 2) Trail stop and let it run STOP: When a 4h candle closes below 3.88 Rationale: -Price has been trading below a key resistance zone and just broken above -after breaking resistance it tapped the trendline support and fell back to the earlier resistance zone. -Price re-tested this area and bounced off, confirming it is now...
BUY: 2.098 – 2.125 TARGETS: 1) Trail stop – let it run. This could go very high. STOP: When a 4h candle closes below 1.949. Rationale: -Price is accumulating at resistance and has not been affected by Bitcoin’s recent movements, which tells us this coin is showing a lot of strength. -The RSI is compressing within a pennant and the range has been getting...
SHORT: 329 - 354 TARGETS: 1) 285 2) Trail stop – let it run STOP: When a 4h candle closes above 399 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -More recently, price has been respecting two diagonal trendlines -Price broke out of the upper trendline and retested the EMAs. The EMAs were unable to hold so price...
BUY: 1.07 – 1.12 TARGETS: 1) 1.24 2) 1.45 STOP: When a 4h candle closes below 0.98 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -When price touches the 200 EMA it usually responds with a large bounce up. -The 200 EMA corresponds with an area of local support (buy zone). -The confluence with the 200 EMA and...
BUY: 1.12 – 1.18 (Wait for price to reclaim the EMAs before entering) TARGETS: 1) 1.44 2) 1.77 STOP: When a 4h candle closes below 0.98 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -More recently, the price has been conforming to an ascending channel. -The RSI has also been moving in a channel and is at a key...
BUY: 1.92 – 2.09 (Wait for price to enter buy zone) TARGETS: 1) 2.48 2) 2.98 STOP: When a 4h candle closes below 1.5 Rationale: -Price has been respecting two diagonal trendlines and has just broken out and retested the trendline, converting it to support. -The trendlines intersect in the same area as the 100 and 200 EMAs. This confluence indicates it is a...
BUY: 15.751 – 17.446 TARGETS: 1) Set trail stop and let it run Rationale: -This is a very simple trade idea. LUNA is correcting after its recent increase in price and it has just tapped the 100 EMA and 0.382 fib level. Both of these levels are typically strong levels of support. The long wick indicates it was bought up quickly and tells us the price may...
Bitcoin has been slowly grinding up and broke through its all time high, and is now retesting the previous high to see if support will hold. If it can’t, price is going to breakdown. A diagonal support has formed on the RSI and it has already broken down (circled in red). This is a warning sign that it is losing strength. If it cannot reclaim this trendline then...
Here is a coin we have not heard much from for a long time but is starting to show some movement and could be interesting in the near future. A major resistance level has formed and before this coin can go on a bull run it will need to flip this resistance to support. -On the daily chart we can see price is still trending under the 100 and 200 EMAs, however...
Sometimes the simplest ideas are the best and I think this one is a winner. -Bitcoin has been forming a channel over the past 63 days. -The price is currently sitting just below the all time high (bullish) -Price is sitting on a key support level being the mid-line of the channel (bullish). You can see how this mid-line has clearly acted as support/resistance...
ETH is currently consolidating under a key resistance level and if it can flip this level to support it will begin charging towards a new ATH. The 100 and 200 EMAs have been a strong support in this uptrend, however during the recent correction the price dropped straight through with little support being found. Whilst the price has now broken above the EMAs it...
BUY: 5.79 – 6.12 TARGETS: 1) 10 STOP: 4h candle close below 4.9 Rationale: -Price is moving upwards in a channel and broken through a key level (in blue). -Price has touched the top of the channel multiple times and is showing strength to break through. -As long as price remains above the key level we are bullish. -Expect a small retracement back to the buy...
BUY: 0.0078 – 0.0083 TARGETS: 1) 0.0100 2) 0.0120 3) 0.0139 STOP: When 4h candle closes below 0.0067 Rationale: -A diagonal trendline has formed and price is respecting it as support -Price has been consolidating underneath resistance and looks ready to break out. Once it breaks and retests resistance this area will become support. -Bullish divergence has...
BUY: 377 - 415 TARGETS: 1) 490 2) 540 3) 580 STOP: When 4h candle closes below 335 Rationale: -A diagonal trendline has formed and price is respecting it as support -Price has broken above a previous resistance level and now flipped it to support -Price has been consolidating around the buy zone and looks ready to break out. -As long as the price remains above...