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314ma

TFUEL/USDT - major move aheadTFUEL/USDT is right at the tip of a symmetrical triangle if we look at it on the log chart and currently building support on top of the first big move (green dashed line). I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a breakout above the trend line / a breakout on the RSI and / or place a stop loss if you enter now. It's possible to short TFUEL so it doesn't matter if you're a bull or bear, it's worth keeping an eye on this. Phenomenal risk-reward on this setup. Best of luck with your trades and let me know what you think!
by Wolfy_
6
LINK/USDT - time to take profit on your shortsPrevious short idea: LINK/USDT has retraced 30% without a proper bounce yet and is currently sitting close to the bottom of the uptrend channel and on the 4 hour 200 MA. We can see hidden bullish divergence on the RSI which usually indicates a good spot to re-enter in an uptrend. The LINK/BTC pair shows it right on the upper trend line of the previous uptrend channel and is very close to a previous point of resistance (36k-37k sats) which now acts as support. Bears seem to be too greedy right now so I expect a bounce soon, risk-reward is solid at this point. In the case of BTC shitting the bed it's likely that this trade will become invalid, consider exiting if 1-2 candles close below the uptrend. Buy zone: green area
Long
by Wolfy_
10
ETH/BTC - short term pullbackETH/BTC has broken out of it's long term downtrend and made an impressive move over the last days but now it looks like a great place to take some profit and buy back in lower. The reason for that is: 1. ETH/BTC shot right through the daily 200 MA and hasn't had a proper correction since. Now it's very close to the daily 314 MA and will likely bounce off it and retest prior levels. 2. It's at the top of the current channel 3. Daily StochRSI is very high and likely to cycle down soon 4. Significant bearish divergence on the hourly timeframe which is also visible on the ETH/USD pair (see comment below for chart) Long term it looks bullish to me so consider this a short term setup.
Short
by Wolfy_
LINKBTC - bullish divergence and MA crossover coming upLINKBTC looks primed for a move - it's currently sitting right on the hourly 314 MA and 200 MA and it looks like the 200 MA will very soon cross over the 314 MA which is a bullish sign. Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI. In case it fails to break out here rebuy on the trendline. Keep an eye on the key level as a fail to move over it could indicate further price decline. Consider a stop loss below 27000 or below the trendline. If you want to play it safe wait for the RSI to break out of the downtrend and for LINK to move over the key level before you enter.
Long
by Wolfy_