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ADA/BTC Tactical analysis / Buy opportunity-We have bounced on a major weekly support, and have made some higher lows on the daily. -We broke the previous high on the 4H and started retracing. -Should see the .705 retrace to that 4H breaker and attempt to break the next resistance. Daily view: Terms: -Bullish breaker - an orderblock (a green or red candle, in this case green) that precedes a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support Colors I use for a more organized chart: 15 min - Cyan 1H - Gray 4H - Red Daily - Green Weekly - Orange
Long
by UnknownUnicorn3664665
1
AION/BTC slowly starting to recover from a long downtrendHigher timeframe (daily) looks like it gained support and has been consolidating for a while. 1H Timeframe has us wicking to that support (lower block/breaker) and attacking the higher block for some time now. IF we break up from that block (lock above), a viable buy strategy would be on a retrace to that same block, while targeting that void (explosive move that left no resistances), and maybe top of the range as well.
ALong
by UnknownUnicorn3664665
RVN/BTC Raven learning how to flyWe're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario). If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance. Upon successful retrace we should be targeting those red highs I've outlined. But one step at a time, first we need to break this resistance. If we break below the last low we'll have to see how the situation unfolds then.
Long
by UnknownUnicorn3664665
2
TRON - The Fear and The FreedomTron has been getting some buyer sentiment as of lately. It went up roughly 65% percent in the span of 2 months (260 to 430 satoshi). Tron is currently in a stage 1 possibly transitioning to a stage 2, but maybe not just yet. I made a post about a month and a half ago stating that Tron could be forming stage 1, but it was too soon to tell. Now, it seems stage 1 has already formed and may even transition to stage 2. For anyone who doesn't know what stage 1 is, it's is near the bottom of a market cycle, usually when no buyers or sellers are really winning. The Moving Averages (MA's) usually start straightening out as the bears and bulls battle. This usually results in the MA's to slowly start to curve up when the sellers start to exhaust. This would indicate a chance for stage 2 to come in play. Stage 2 is the bull run. As we can see from this chart, the blue 100 Simple Moving Average (SMA) on the 4 hour chart is doing just that. The 100 SMA has been pointing downwards since 1,000 satoshi's (We are currently sitting at 380 satoshi's). Now, it's starting to point upwards. This shows that maybe there is some up time for Tron. I'm not claiming it's going to go all the way back to 1,000 sats, NOR am I claiming that it's going to go up right NOW. But the possibility is there. From what I see, the blue 100 SMA on the 4 hour has been serving as a strong resistance until recently. Now the price is sitting above the 100 SMA line, and has failed to break below it 3 times. This means the blue 100 SMA is a very strong support. If bitcoin were to make a move to the upside, I expect Tron to make even a bigger move. Though, as good as all this sounds that doesn't mean it's going to happen. Tron could very well break below the 100 SMA, but it's not the end of Tron. Markets may go above and below the SMA in stage 1 many times until it breaks convincingly. This would mean that it just wasn't Trons time to break out. This would bring buying opportunity around 275-300 satashi's where the demand is. Tron being in a possible stage 1 doesn't mean it can't break lower and continue it's stage 4 bear market. This could happen, and stage 4 could still be at play. However, stage 4 playing out at this time in the market seems a lot less likely to happen. I am currently looking at the bear market for TRX/BTC to be close to an end.
by JonRulz
EOSUSD - 4H - UpdateEOS was forming an iH&S and broke out of the formation today with decent volume (not as much as we would like to see) and its projection target is around $5.7. We can see that EOS broke above the supply zone around $5.3-$5.4 and has used it as support to propel itself to the iH&S projection. We can see that the RSI is starting to hit the upper range and the MACD has moved higher over the midline but not as enthusiastic as the price move. We could be due for a pullback and EOS would need to hold the support level in order to continue upward momentum but a break below could drop it to the breakout level or to the lower support zone around $4.9. If one was looking to short EOS, the ideal entry would be at the supply zone around $5.9-$6.1 as it is a strong resistance level and a first touch would likely cause a strong reaction to the downside. For a long position, the holding of the first and/or second support would create the ideal entry. Please hit the 'like' button and give us a follow! Comment below, let us know what you think and where you see the market going in the future! Thank You!
BITFINEX:EOSUSDShort
by CM_Trades