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Ascending

ETHUSDT is inside an ascending triangle 🦐ETHUSDT is inside an ascending triangle, and the price is testing 0.5 Fibonacci level and daily resistance. IF the price will break the triangle and the daily resistance, and flip te resistance to support, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
14
Current 1 Day Chart Ascending Triangle is Starting to SolidifyAfter morphing back and forth between several different potential trendlines since it began forming, the 1 day chart's current ascending triangle pattern is starting to finally offer some clarity and solidity on which of those countless trendlines is most valid as the top and bottom trendlines of this triangle. Thanks to the recent close of yesterdays big red daily candle we now have a very convincing bottom trendline to work with. I have also drawn a dotted trendline connecting the wicks since it is still potentially a candidate for becoming a more valid bottom trendline...but as for now the solid one looks much more valid. For simplicity I have wiped the chart clean of any other trendline that no longer feels like a potential top or bottom trendline to this triangle.
COINBASE:BTCUSD
by DrDovetail
Matic Network the sleeping giant!Matic EMAs are bullish in fact the 21 just retested the 50 1D EMA, all the other indicators look just as amazing. Stoch RSI is erect, MACD has crossed over and is bullish, RSI is erect and pointing toward the moon. Matic printing a huge ascending bullish triangle. Matic tokens have been moving into staking lock ups, less supply in the market to keep the price down. Matic has finished their Mainnet and Dapps are flooding over. Chandresh, head of marketing and Strategy has hinted that something big is coming for Matic holders. Ethereum needs Matic to enable mass adoption. So much more to come. .04825 first major target .08350 major break out of the ascending bullish triangle. Aztec the Eye
MLong
by Tachycardia
1
LINK breather with potential entry opportunity @ $5.60, $4.80Quick update, tremendous showing by LINK! We shattered through the previous all time high after numerous failed attempts to do so over this year. Things look extremely bullish for LINK, just keeps gaining momentum. Order books seem to be dwindling some, suspect a pullback soon but still very bullish. (Captured on vcdepth.io) While I don’t know how high it’s going to go, some strong support seems pretty clear. On pullback we have a strong chance of finding support in the $5.60 area based on emerging upper ascending channel trend line. We could pull back to establish the old ATH as support as a likely worst case, that of course is around the $4.80ish area. It seems like we have a potential alt-season in the making but keep an eye on BTC which is struggling to reach above a 3 year descending trendline. Really the global order books are extremely healthy right now but until BTC shakes this resistance I worry BTC could pullback hard enough to make the whole market bleed pretty good. It would be this scenario that would lead me to believe LINK could test $4.80 I am setting limit buys @ $5.60 and larger add to my position at $4.80 should we see these prices come to fruition. I really don’t have much to go on to identify a high, we are in uncharted territory and our trajectory keeps changing/progressing. This reminds me a lot of Ethereum action at the time when it was in this price range. I also feel the Chainlink project is just as big of deal as its host chain, Ethereum. That said, LINK with a $6B Marketcap and Ethereum with nearly $28B, its not a far stretch to see LINK catch up with nearly 5x gains from here. Presumable if LINK rises 5x, ETH will also see substantial increase in valuation but it would be interesting to see an Ethereum asset become more valuable than the Ethereum chain itself. This is not investment advice, DYOR
BINANCE:LINKUSDLong
by EncryptShawn
Bitcoin(BTC) crossroads 5yr bull meets 3 yr bearApologies for not being as active with TA posts, I have been more focused on automated trading and in fact we are in process of working a relationship that will integrate our order book and order flow data from vcdepth.io into a major automated trading platform. BTC is in a unique place worth mentioning. First, BTC has had a 5 year bull run never once breaking its 5 year ascending trendline in any meaningful way, until the Covid crash. I had mentioned previously if this support breaks in any meaningful way, get out. After we broke this trend line, BTC lost 50% of its value in two days finding a bottom near $4k. The covid crash on equity markets was followed on crypto markets, we dropped well below the previous 5 year bull ascending trendline. We came back up to the 5 year trend line and we tried to convert it back to support but we had the ominous shadow of a 3 year descending trendline of resistance kick us back down as we tried to break back above the previous ascending bull line to convert it back to support, currently we have failed to do so. Furthermore it appears we may have formed a fairly large descending channel over the last year as marked on the chart with 1-4 numbering. Its not too late to break out of this 3 year bear cycle and head back up especially since minus these two trend lines the current ascending trend seems positive. We are at a fairly critical point where BTC has to decide if its going to honor this 3 year bear resistance or push through and reclaim the previous 5 year bull support again. We are literally just past the crossing of these paths and it looks like the path of the bear is prevailing at the moment. If we head back down we can see a potential descending channel here where the bottom of channel would catch BTC around the $4k range but likely to see a surge down around $3500, a lower low than the low we already saw in March this year (2020). On the up-side global liquidity seems fairly strong still and if we can break out above this 3 year descending channel and reclaim the 5 year ascending trendline and then see a break of the previous $10,500 high this year, things would look quite positive. Recently we have seen some staggering coincidences that would appear as though BTC has some what correlated price action to global stock markets. Right now with all the stimulus, stock markets have been recovering at otherwise unexplainable rates. The likely prolonged presence of the Covid virus and the already multi-year recovery in front of us leads me to believe that stock markets will correct fairly significantly. The question to me is how correlated are these markets now, watching equities markets may be view into what to expect in crypto markets and whether or not we can break this downtrend resistance. Unfortunately the S&P appears to be establishing the previous 10 year ascending bull trend line into resistance at the moment, without a push we could see equity markets pull back soon. I am not saying long or short but a straddle would likely be pretty useful as we are likely to make a fairly significant move soon. My overall feeling looking at this chart is that there is currently a greater probability of going down versus up but again, we are still at a point that leaves the door open to escape this fate. Would probably be a good idea to keep your eyes on these trendlines, keep a tight stop loss, hedge your long positions. This is not investment advice, these are my own observations and should not be used as analyst advice or a single source of research regarding the topic. DYOR!
COINBASE:BTCUSD
by EncryptShawn