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Apex

Cardano price saved by Sundaeswap? First DEX in the next days🚀Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom . - So far Cardano is lacking a working DEX which seems to hold back the whole ecosystem. But now finally Sundaeswap announced that it will go live during the next days. Daily chart: - Price took a heavy hit and even retested the 1.45$ support line which did hold so far. - Volume sees a spike today and some increase during the last days. - RSI analysis shows that we are very low at the moment and have a lot of upwards potential. - Moving Average: We are about to form a death cross between the 50MA and 200MA. Let's see if price action can avoid this. - Support lines are at 1.4$ and 0.7$. The ascending yellow line can act as support as well. - Resistance lines are at 1.9$, 2.3$ and 3$. Expectation: - Sundaeswap announced that their DEX Testnet will go live during the next days. - This could boost the whole ecosystem and approve smart contracts on the cardano blockchain. - End of the year prediction: We will see a 5$+ Cardano before the end of 2021. Due to the fact that Cardano performed very badly during the last month we changed the 8$+ prediction to 5$+. 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. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
We're not out of the woods yet. < $20K BTC is still possible. This is the same idea as last one but with Candles so that new bars will load (this feature is not available for Renko bars). An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the pattern develops because traders become more and more unsure as to the market’s future direction. Also there may be several intermediate failed efforts to reach either the support or resistance as outlined by the triangle extensions. If the action creates a new bearish breakdown, typically the action will repeat the volatility experienced with the Pole creation (the vertical blue lines). We also need to pay close attention to the volume after the breakdown to recognise further development for the pattern. Another breakdown downwards is possible. Let's see what's gonna happen. Safe trading everyone.
Long
by unexpect-the-expected
Bitcoin (BTC) Going to $20,000? Big $40,000 Resistance Many people believe we're heading back towards $20,000 but I see it differently. Bitcoin has spent less than 12 days trading under $25,000 after breaking its all time high of $20k on December 16th 2020. Compared to the 148 days of Bitcoin being recognized trading above $30,000. There's just not much support at those levels. Sure we can still drop below $30,000 but if we did it has become clear to me that Bitcoin trading below $30k has been aggressively accumulated. If companies such as Ark Invest and MicroStrategy publicly announced they've purchased more Bitcoin in between $30k -$40k I'm inclined to believe they'll go drunk off buying below $25k and all the other institutions swimming with them. We've hit heavy a heavy psychological resistance at $40,000 and we could be trading sideways between $30k -$40k for a period of time as we aim to get back above the 200 day moving average. I do not believe this is the start of a bear market but I do believe this will be another phase of accumulation at these levels. Much peace, love, health, and wealth.
COINBASE:BTCUSDLong
by peacefuljustin
XM Inverse H&S heading to lockup expirationMy key points: 1. Sap bought XM ( Qualtrics) back in 2018 for $8b with a P/S : 19.9 www.cnbc.com 2. Based on guidance for 2021 ($954m) current P/S stands at: 17.9 www.marketbeat.com 3. Descending Triangle Breakout with Apex time and possible retest on earnings date 4. Potential Inverse H&S 5. Rsi divergence & breakout 6. Insiders lock up expiration on 07/07/21 ( www.nasdaq.com ) *medium risk reward ratio ** Stop loss on latest low *** Always think for yourself before trading/investing, the above are only my own thoughts on a possible scenario and nothing more.
XLong
by Philoslother
Bitcoin Preparing for New Highs April. $100,000 Inevitable.As in the words of Michael Saylor: "There is no better asset to buy, there is no better asset to buy, for a third time there is no better asset to buy." Don't get lost chasing alt-coins that you forget to accumulate the ultimate apex financial asset of our lifetime which is Bitcoin. I have been telling people for the past 2 months that Bitcoin under $100,000 is a good deal. I remember when I use to say Bitcoin under $10,000 was a steal not that long ago. We have been trading above a steady $50,000 for Bitcoin the past couple weeks. It seems like every time we test the 50 day moving average and bounce off we get a beautiful run up. January 27th 2021 was the last time we touched the 50 day moving average and that yielded a 100+% gain in Bitcoin price within 45 days. We also have a bullish divergence on our daily MACD. History repeating itself? We'll see. Always stack those satoshis! If you don't know what to buy just freaking buy Bitcoin! Convert that dirty fiat currency loosing 20% yearly purchasing power into Bitcoin that gains purchasing power every year. Much love, peace, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
4
Bitcoin's Next Psychological Destination $70,000In many ways I still feel like we're just in the very early stages of this bull cycle in Bitcoin. Interesting to see how this one will play out. We just hit the $60,000 psychological number and $70,00 will be next. Grayscale Capital and MicroStrategy Investments are investing heavily at all time highs. They will continue to do so even past $100,000. Don't forgot the avalanche of corporations and intuitions that want a piece of that Bitcoin pie. Bitcoin is starting to seem like a good price under $100,000.
COINBASE:BTCUSDLong
by peacefuljustin
PLUG Ascending TriangleAnalysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up and push this stock. This has been flirting with the upper resistance level the entire triangle. I'm thinking a small pullback tomorrow to test the 8 EMA. If it breaks resistance at the $28.70 level, I want to see heavy volume lift it past resistance. Strategy: I've been a PLUG holder for a while now. But I, personally, am going to pick up $30 calls with Friday expiry if this touches into the 8 EMA. There's a good amount of liquidity weighted to the call side. Whole numbers are the hot spot due to its psychological effect. Please note, I am not an advisor. This is my opinion. Leave a comment, though, and tell what me your thoughts!!!
NASDAQ:PLUGLong
by NetWorthFocused
APEX FROZEN FOOD - Ascending Triangle Pattern - Swing TradeThis analysis is purely based on price action and chart pattern. Another zoomed-in image showing Fibo-Support by price is included here for more understanding. Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Trade Strategy along with logic is explained in image itself. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis is purely for education purpose. Kindly do your own study before entering into any trade . Feel Free to comment for any query and suggestion.
NSE:APEXLong
by AdityaKarn90
DOTUSDT Dynamic Resistance|Structural S/R|Apex|Declining VolumeEvening Traders, Second Analysis – DOTUSDT- trading with the psychology of a Descending Triangle, price is approaching its apex. Points to consider, - Bearish Price Action - Structural S/R Respected - Key Dynamic Resistance - Oscillators Below 50 - Declining Volume DOTUSDT’s immediate price action is bearish with consecutive lower highs under dynamic resistance. Price is being coiled into its apex where a break will be imminent; breaking key structural S/R will allow us to have a bearish bias on the market. Both oscillators are showing weakness trading under their 50- midpoint, further downside is likely to reach oversold conditions. The volume profile is currently declining; an influx will be highly probable as price breaks from its Apex. Overall, in my opinion, breaking bearish will allow for a valid short with define risk. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, It does not matter how slowly you go as long as you do not stop.”Confucius
Short
by AzizKhanZamani
2
DIAUSDT Falling Wedge|Price Action Apex|Swing Low|200MA|.618 FibEvening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge pattern were a confirmation will allow us to have a bullish bias on the market. The market structure is currently making lower lows on dynamic support, holding this on the next test will increase the probability of a bullish divergence on the RSI. The volume profile is currently below average, a break of resistance will need increasing volume. This will signal a true breakout, aiding in avoidance of fake outs. Immediate target is the bearish retest zone which is in confluence with the .618 Fibonacci and market structure. A respect of resistance here is highly probable on the first test. Overall, in my opinion, DIAUSDT is a valid long once the falling wedge pattern is confirmed. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by AzizKhanZamani
BTCUSDT Dynamic Resistance|Bullish Divergence|.618 Fib|PA Evening traders, Today’s Analysis – BTCUSDT- a probable swing trade, signs of a short term bullish bias as price shows strength, breaking dynamic resistance is a long. Points to consider, - PA Demand (.618 Fibonacci Level) - Dynamic resistance/support converging (Apex) - 21 MA visual guide - Oscillators diverging - Volume below average BTCUSDT’s price action shows that there is demand below key Fibonacci levels, mainly the .618 level. This gives us a short term bullish bias on the market as price action shows strength. The Dynamic resistance and supports are converging; price will have to break out of its apex sometime before 18th July. The 21 MA can be used as a visual guide for when the breakout occurs, price is likely to trend of it. Oscillators are both diverging from price; this shows immediate strength in the market, remaining above the 50 level is bullish. Volume needs to increase upon a breakout, this will help dictate the strength off the move and avoid fake outs. Overall, in my opinion, BTCUSDT will have a volatile move from its apex. A break of the key dynamic resistance allows for a valid long with defined risk. Any moves are to be backed with increasing volume to avoid fake outs. What are your thoughts? Thank you for following my work! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Long
by AzizKhanZamani
8