DOT-USDT(Symmetrical Triangle Breakout)Polkadot has zoomed ~360% in the year 2021. After hitting an All-Time High of $42.28 on Feb 20 has retraced back to 0.382 Fib level. It has taken support at 20 DEMA and it seems likely to resume its bullish rally.
In the 1 Hr Time Frame, DOT has been trading in a Symmetrical Triangle for about the past 18 days. It has given a breakout from the pattern and is likely to resume its up move.
Key Levels to watch out:-
Thus, it is likely to achieve the first target of $42 followed by $46.5 .
The supports to the lower side are placed at $36 followed by $33.5 .
Altcointrading
XTZ-USDT: Consolidation Breakout(1 Hr TF)In the Daily TimeFrame, Tezos is trading in an Ascending Channel formation with an upper band and the lower band placed at $5.1 and $2 respectively.
In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band.
XTZUSDT has given a Range Breakout and is currently trading above the range.
Key Levels to Watch out:-
The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively.
The supports to the lower side are placed at $3.5 and $3.2 respectively.
ATOM-USDT: Trendline BreakoutOn the Daily Time Frame, ATOMUSDT has taken support from the 20 DEMA and after halting there for 9 days, it formed a strong bullish candle yesterday.
On the Hourly Time Frame, ATOMUSDT has given a breakout from the Bull Descending Triangle wherein it has been trading in that range for the past 18 days.
Key Levels to watch out:-
The supports to the lower side is present at $18.4 followed by $16.4 .
On the higher side, it can face resistance at $24 followed by $26.2 .
XRP/USDT BULLISH ASCENDING TRIANGLE Hey hey my friends!
Xrp is looking like its curling up nicely in this very bullish pattern!
No position is open on this yet but we will be buying the breakout of this pattern, with a bullish macd cross incoming!
Copy this chart and set your alerts!
The XRP moon-boys will be correct one day ;)
Enjoy the ride
WAVES/USDT LOOKIN WAVEY 🌊Hey hey my friends and good morning 🤠
We are looking to buy some $WAVES here on this successful support retest here! 🙈
Higher time frame, is retesting support while in a symmetrical triangle which is also a bullish continuation pattern in this case
Patience is key, always play the game and let the trade come to you! ⏳
See you soon!
DOT/USDT LOOKING FOR ANOTHER LEG UP Hey hey my friends happy MONDAY 🤠
Dot\usdt Looking really good for another leg up here!
We had a resistance support flip as you can see with the green arrow with a breakout of the previous high with volume confirmation with the blue arrow!
🎯 Is aiming for over 25 short term
Enjoy 🙂
ANKR/BTC WILL MOON 🌑Hey hey my friends!
Pretty bullish forming pattern we have here on BTC pair for ANKR
Falling wedges have 68% chance of a move to the upside
We are not opening a position here yet, waiting for breakout with volume confirmation
Copy this chart and set an alert! We promise you don’t want to miss this
Take profit targets are red lines
Enjoy 🤓
LTC Is Struggling - Follow This to Earn MoneyLTC is making higher highs, but find enormous downwards pressure. The bulls don't seem to be strong enough to push the price up, but at the same time no horizontal resistance can be found.
While LTC is still making higher highs, it can be very beneficial to buy the retracements. The higher highs and the lower highs usually describe an upwards trending asset.
There are two trading strategies that I want to discuss here. The first one relates to buying and selling frequently, and the second one to holding it for a longer time.
In the first strategy you can decide to buy all the local dips that form the higher low, and try to buy as low as possible. Then, as soon as the price goes slightly above the previous high you sell. This will allow you to get many trades in, all giving about 6-9% per trade currently on LTC. Stop losses should be placed below the previous low.
In the second strategy, you would wait for a retracement and simply hold. Since LTC is bullish overall, and we see that there is still a 37% upwards opportunity you can just hold until the next zone of horizontal resistance and sell it there.
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LTC is Struggling Near ResistanceIn my previous analysis I was sharing a bullish scenario making use of the scenario where Litecoin would break through the resistance. However, we see now that the price has major issues breaking through.
Early signs show that the resistance is really strong and that LTC cannot break through. I suggest to either wait or enter a short position for now.
Then, after the small horizontal zone is hit, we can start our long position again.
Will we see a relief bounce from ETHEven if we are gonna make a LL, which seems possible (see explanations on the chart)
I do think we are gonna see a bounce first.
I can play this plan with 2 scenarios
1-Bounce can be longed on LTF ( we are trending bearish so getting stopped is likely)
2- I can wait to see Resistances to work and short the close on lower time frames
I still have spot ETH so i'm not gonna overexposure myself with the long play atm, need to wait and catch new short signal
GLHF
Ne olacak bu altcoinler?BTC Dominasyon şu an %67 seviyelerinde trend çizgisine yapışmış bi şekilde geziniyor trend çizgisinin kırılması halinde nisan 2018 deki kadar olmasada yinede güzel bi altcoin rallisi gelecektir trend çizgisi kırılmaz bitcoin sert yükselişlerle devam ederse bir sonraki tepe noktası bir sonraki fibonacci seviyesi 0.786 yani %83 ler olacaktır altcoin lerde pozisyona girmek için BTC.D de %83 ler veya trend çizgisinin kırılması beklenmelidir.
NEOUSD formed bullish butterfly | Upto 75% expectedPriceline of NEO / US Dollar has formed a bullish butterfly and almost entered in potential reversal zone.
RSI has already visited oversold.
MACD is strong bullish.
Stochastic has given bull cross.
I have defined the targets using Fibonacci sequence.
Buy between: 8.59 to 7.13
Sell between: 9.73 to 12.48
Regards,
Atif Akbar (moon333)
VTCBTC formed bullish Butterfly | Upto 464% expected from herePriceline of Vertcoin / Bitcoin cryptocurrency has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
MACD is turning bullish.
From here the price action will take bullish divergence soon insha Allah.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002087 to 0.00000001 (But the price action cannot go more down coz are indicators are turning bullish and RSI is oversold)
Sell between: 0.00007632 to 0.00015702
Regards,
Atif Akbar (moon333)