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Ascending

That Blue Line!that blue line is the line that connects two important highs, the 20k and 14k. we had a rally from 3.8k to 10k then we are consolidating in an ascending channel it feels like 2019. when every correction in that time was a consolidation in an ascending manner actually volume is declining since we met 10k. as i showed you on the chart above the yellow circle is the the end of an impulsive wave and now we are at a correction phase. we don't see volume and it's declining and market is lowering it's fluctuations. my suggest is to long this market and here is a edge to start: open a long position : size : 50% of equity EP = 9440 (now) SL = 8800 TP = 10500
Long
by farzinsabbagh
LONG - QKC - Trading OpportunityBINANCE:QKCBTC finally breaking the huge ascending triangle that has been forming for quite some time now, now retesting the resistance that became support. Entry: 0.00000069 Target 1: 0.00000093 Target 2: 0.000000113 SL: 0.00000062 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
QLong
by ElMomento
1
XLM/USD on verge of potentially breaking year-long resistanceContext Introduction: XLM/USD has been caught within a descending wedge (bullish) for a bit over a year now. With Black Thursday's crash, bears really overextended themselves and even managed to temporarily break this wedge's support. However, a quick rebound helped regain the validity of the support. Since bears overextended themselves and were rejected, XLM/USD has now managed to reach the resistance of the descending wedge, where it has been consolidating for approximately a month now. Consolidating so close to such a significant resistance without a significant rejection (relative to the range of the descending wedge) for such a long period of time is allowing XLM/USD to gather momentum to attempt a strong break of the resistance. Additionally, XLM has been trading within an ascending channel since Black Thursday's crash and is now near the support of the channel, allowing for room for growth relative to this channel. The support of this channel and the resistance of the wedge form a symmetrical triangle (bullish). What do the technical indicators tell us? (Daily Chart): The MACD has been below zero for approximately 20 days now. Given that MACD is a lagging indicator and with today's rise, it is likely to cross over 0 soon. Additionally, it already established a higher low (reduced probability of a re-dip). With the MACD signaling a potential crossover soon and its extended time below 0, this increases the probability of an upside break of the wedge's resistance. The RSI had been stuck in a downtrend ever since the start of the wedge that seems to have ended after Black Thursday's crash. We are now seeing higher lows and higher highs on the RSI. Additionally, the RSI barely managed to go below 50 during this recent consolidation, and has now risen to near 60. This shows that the bears were unable to garner significant enough strength to pull XLM away from the resistance. The RSI also signals room for growth. Potential Risks: If XLM/USD is strongly rejected at this resistance, watch out for a loss of support near horizontal support at ~$0.062. If such occurs, the next significant support lies at the 200D SMA (currently at ~$0.057) followed by another horizontal support level at ~$0.053. If this level is lost, watch out for levels near ~$0.04. At this point, if a low was established an inverse head and shoulders pattern could come into play on the daily timeframe, allowing a breakout of the wedge after such. Likely Outcome: Given the primarily bullish indications above, I predict a break of the descending wedge's resistance soon. If this resistance is decisively broken, expect a potential test of support (which very conveniently lines up with the ascending channel's support) at previous resistance before continuation. Potential entry: Upon successful test for support of rising wedge (~$0.07).
COINBASE:XLMUSDLong
by usubzero
$ETHUSD ascending triangle formation, breakout soon.Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. COINBASE:ETHUSD inside ascending triangle, apex on the first of June. Expect upwards breakout targeting +/- $245 and +/- $265. If it breaks out to the downside, supports are at $198, $195, $190 & $185. Should hold up. I'm already long. If you're not, wait for a high momentum/volume breakout or successful​ retest of the $215 R/S. Best of luck, traders. - Jelle
COINBASE:ETHUSD
by CryptoJelleNL
BTCUSD - Bull from 16th was confirmed and executed yesterdayI'd thought let me just continue this Bitcoin technical analyses and evaluate our steps from last saturday. One thing I already noticed is that our prognoses of the bull breakout after may 16th became valid. As you can see in this chart, yesterday BTC only suffered a few hours of decline, and then went up again. You can see my previous idea here that I posted on saturday (the last posted picture contains the bull breakout theory) which was a shortterm and volume based analysis. Let us reevaluate the next days of what we analysed before and see what happens to our BTC-babygirl. ____________________________________________________________________________ I'm purely a beginner in technical analysis. Please hit like, follow or place a comment. Any of your feedback is my motivation to keep going and to learn more!
BITSTAMP:BTCUSD
by AlgoSurfer
4
CLEAR ascending support on JPM - and we are lazy at it right nowAscending support on JPM - some will also identify the pivot highs calling for a triangle pattern. Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups! Hope this chart perspective helps the community xeenos trading - sending positive energy to all those watching.
NYSE:JPM
by xeenostrading