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DODOUSDT 1D long; Dont miss out on DODOTA explained DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here: As you might have figured from the chart, we are already in the trade aiming for the given targets. However, I still did want to share it publicly because of the high potential there still is for DODO towards the given targets. Even first target is still 27% away from current price level. ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
DLong
by MattieDsCryptoLounge
BTC - Will history repeat itself for a 3rd time?The big question is..... will history repeat itself for a 3rd time? If we look at the BTC Daily Chart, at the moment, it looks like BTC is in a massive Descending Triangle, its apex is around October - Dec 2022. For those that don’t know, a Descending Triangle is a Bearish Chart Pattern. BTC needs to CLOSE back ABOVE its Descending Trend-line! If BTC cannot manage this, then BTC will continue to create Lower Highs pushing the price closer to the Horizontal Support Line that is the Base of the Descending Triangle. As we have seen twice before, a break below the Base of the Descending Triangle leads to around a 47% drop for BTC. Now, I am not saying that this is going to happen, but what i am saying is that i know what BTC needs to do to keep it from happening a 3rd time……. which is a successful CLOSE ABOVE the Descending Trend-line, and then the price needs to stay ABOVE it and continue making Higher Highs and Higher Lows. It’s as simple as that. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
6
KCS/USDT Update: Beartrap in play? Looking for 15$+.Intro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - KCS did try to break above 15$ and then did fall together with the whole market even below the rising purple line. This formation can be called bear trap once we break back into the rising narrowing wedge. - On the RSI side we broke out below the consolidation channel and did find support around the 40line. (The following description is taken from last discussion.) - KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$. - Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move. - Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase. - One can draw an inverse head and shoulders with a breakout towards the 14$ price line. Expectation: - We expect to break back into the narrowing upwards wedge. - Once we break above 15$ we look for a strong volume increase. - The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
ETH/USDT Update: Great opportunity to buy cheap ETH.Last chance?Intro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - The change from POW to POS will help ETH to gain mass adoption. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - We did get an upwards breakout out of the bullflag and ETH reached 4kUSD in price. However together with BTC the whole market did crash 20% and ETH is back within the bullflag getting ready for a new upwards breakout. - On the RSI side we did get an upwards breakout as well but are again below the descending orange line. We now did break below the 50 line which currently looks like a bear trap. This will be confirmed once we break upwards again. - The 50MA is coming for help to mark the current bottom. (The following description is taken from last discussion.) - ETH dropped three times to the 1750$ level and did get a bounce each time. - The blue arrow shows a W shape recovery which is considered to be a strong pattern and signals a trend reversal. - Currently trading volume stays rather low which signals that some people still don't believe in a trend reversal. - We see a golden cross indicated by the yellow camera. This time we see a strong separation between the different MA which is very bullish . Expectation: - We expect to continue the bullrun and aim for higher price targets. - During the start of the week it seems likely to break upwards out of the bullflag again. - We expect to hit the previous ATH soon within this month. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
PFE Uptrend Strong Waiting for pullback to 50 MAPfizer is in a strong uptrend and its hourly keeps coming back to the 50 MA. Each time it has come back to the 50 MA, it has met at a support area. I believe we may see PFE run a bit higher before it returns to the 50 MA as the RSI is undecided (although slightly on a decline). The hourly wicks also do not show any signs of a pullback yet, which supports this idea of a new ATH in the making. I am holding my PFE call until I see some more resistance, but once the tide changes for short term bears I will sell and wait until PFE pulls back to 48.50 (and closes green after touching the 50 MA) before entering calls.
NYSE:PFE
by MathewPiedoux
1
Long GBPUSD 110 pipsI have been waiting for this bullish move up for a few days now and it is finally here. We saw it was oversold on the 4 hour and 1 hour. We saw that it didn’t break the trendline I set in place and people took profit if they used the fib Retracment tool. This means if people aren’t selling, the bears lose that momentum they had. Now the bulls are winning. I do want to clarify I am a bit worried about this point on the move up that I have marked with a white trendline. I would say proceed with caution as we may see a pullback. However, I still believe in the trade.
Long
by TheGiovannie
2
Chart Training with Jay Rhyder - MA SignalsHello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Take a look at this chart. It is a 1 hour Coinbase chart of Ethereum (ETH/USD). One of the best ways to understand if the market is going to rally or go south is to pay attention to the MOVING AVERAGES, or MA lines. As you can see, the white line on this chart is the 50 day, the dark purple one is the 200 day and the pink one is the 150 day moving average, respectfully. When you see the 50 day moving up like in this chart, and the 200 day on top of the 150 day, it is a bullish signal. The opposite is true for bearish markets. It is called a DEATH CROSS. It is when the 50 day is on the bottom of the 150 and 200 and the 200 day is on top of the 150 day moving average. When the 200 day crosses DOWN through the 150 day, it is called a DEATH CROSS and is a very, very bearish signal. If you have any questions about this short and concise tutorial, please leave your question or comment below. I hope you learned something from this short tutorial. My name is Jay - have the best day! :)
COINBASE:ETHUSDEducation
by financetrance
1
GBPJPY 26/06/21(Hourly Time Frame) Head and shoulders spotted forming on the 1hr TF. To decrease noise I removed some indicators, however they also indicated a sell occurring in the market short term; - Ichimoku cloud indicates to sell - BB's indicating to sell, however the bands were getting tighter together. (Market bouncing between middle and bottom bb). The 50MA is currently pushing the market down. T/P may be decreased, I predict it will go down to the support zone however invest at your own risk. ***The resistance zone stated isn't the highest resistance zone the market has offered, it is an average Resistance zone I have gauged within a time frame in the market.
by mm_TV_
2