5 Best Cryptos to trade and/or to hold from a technical, price action point of view. (BNB, ADA, XRP, DOT, LTC)
Hello everyone:
The recent question I've been getting is what cryptos to trade or/and to hold.
Certainly trading and investing (holding) would be different,
so I thought I would outline some coins that have good price action and technical in my view...
Hello everyone:
End of the week, lets take a look at DOGE and its up coming potential outlooks.
Purely looking at it from a technical point of view, the current price has broken above previous ATH level impulsively,
and its forming continuation correction currently.
One way to look at this would be waiting for a this correction finished,
and look for LTF...
Bitcoin is moving sideways for some time now and also forming a triangle. It is close to get a crossover with the 50D 4h MA and 200D 4h MA . If the crossover happens then the bullish golden cross pattern has been formed and a big price increase will take place, you can look back to previous golden crosses on the chart.
But this doesn't mean we can't get a...
AUDUSD breaks the strong resistance with strong momentum.next target can be key level 0.8000 that has a confluence with weekly resistance and also fib extension (-0.618).
Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
CARDANO (ADAUSD) - Currently running at BE
Full analysis/forecast:
AUDCAD - Closed 2 trades for about 3.2% profit
Full analysis/forecast:
GBPCHF - Close down for about...
As you see, EUR has formed a rising wedge along with two divergences in MACD and RSI.
Also there is a contracting triangle in RSI.
So you can make a good profit!
Hello traders:
EURCHF is at the bottom of its current continuation flag correction, and there is good probability we will get this upside move.
We can see since mid February this year, price had a strong bullish impulse phase, pushing to price way up.
Naturally after a strong impulse, price will need to form correction, and we get this larger flag correction...
GBPUSD - Trade Idea!
Start of May! It's Bank Holiday for us in UK - It may be quiet London session but we have ISM numbers and Powell Today.
Technical Wise - GBPUSD 4HR
Support: 1.37805, 1.37470, 1.37140 - 50 EMA
Resistance: 1.39045, 1.39030, 1.38595
Pattern: Double Top
Target: 2.618 Areas
Key Tip: Follow your own trade plan for further confluence!
Have...
Hello traders:
Finally we are seeing the bearish price action that I am waiting for patiently in EURUSD.
We can see price corrects itself up within the ascending channel structure, and broke the previous highs to form a double tops.
Price broke the highs, and had a LTF reversal impulse down, broke out of the ascending channel correction.
Then a quick...
Hello everyone:
Looking at Litecoin for further buy opportunities.
We can see price has already made several strong bullish impulses move to the upside, follow by continuation corrections.
No difference here as price manages to breakout the latest HTF correction impulsively, and now it just completes another flag/channel like correction.
Further upside is...
Hello everyone:
Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them.
My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups.
All of them are pretty much sitting at the top of the overall higher time frame...
Dow has been the strongest index, has the cleanest support, and showing the best crystallized formations (imo). Since I started making this price has been climbing, and if I would have taken the trade I would have been looking at profits nearly the whole ride up to this point.
Markets were getting slaughtered this morning, so it was a good time to be selling....
GOLD - XAUUSD - Bulls are gaining control....!
A short explanation for gold today...
Pattern: Broken out of wedge, the pull back will be key to show if the trade is fully confirmed - how do you know the trade is confirmed? It really depends on your own trade plan!
Enjoy!
Trade Journal
