MY Analysis on the NZDJPY there can be two outcomes to this one it could hit the bottom S/R and go to the top or rise all the way up to the resistance and break through or bounce back.
Beginner
Awaiting bumps from bottom trend linesI have two scenarios in the works on EURAUD and this is their description. I am not in any position yet, but I will be searching for a good entry to long.
There might be an opportunity for a little short as well, until we have a good opportunity for a proper long position.
ZCASH (ZEC) POSSIBLE BREAKOUT? Keep an eye on this!ZEC is looking great, symetrical triangle with no hidden bearish or bullish divergence. How are you able to profit of this trade? Just follow the price! Look for a bearish or bullish breakout, its a very easy TA to do for beginners.
Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout.
I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave.
The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI.
Profit level: 411 dollar (.382 fib retracement)
Buy in level: breakout
Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
XVGBTC short term versus longer termI am still a novice trader and welcome any and all constructive criticism.
I have been waiting for XVG to end its decline and see where it goes due to its somewhat controversial status (pump and dump or not). I was hoping to ride a short term trend for some smaller sized profits but missed my entry. I am now going to exercise patience and wait until the price returns to or near the 4 hour trendline to look to go long. If it breaks the 4 hour trendline I will wait and look back to the past to find the next level of support.
Good luck and happy trading!
Zilliqa looking for a last wave upZilliqa has been performing pretty good these days and still the chart looks really good and alot of room to grow.
4 waves have been counted we are looking for the last wave wich is the 5th one.
Also it looks like it is forming an acending triangle pattern wich is bullish.
Right now, for me this is a no trade zone, I would buy on confirmation the confirmation to buy would be the break of the resistance level and a close above it to prevent bull traps.
The target would be the wave 3 resistance (1262 sats) wich I think it will not break on the 1st try.
The second target would be the wave 5 (1543 sats)
The R:R for the 1st target is 4.5 ratio wich is a very good risk to rewards ratio with a gain of 12%.
My opinion is that this will go sideways untill it hit the apex (green triangle) of the acending triangle and then will break out of it.
Waiting for a bounce and following more uptrendI am not in the position yet, but this looks like a nice setup for the upcoming week. We will wait for price action at the bottom trend line. There is not only this trend line, but also a support zone. And since a bouce is more likely than a breakthrough, I will be searching for a good entry point here and putting SL under the lightblue support zone.
USD is doing great, let's go bears!We now stopped in the shorter-term channel at the bottom and we have two options. I am in favour of more downtrend.
That is why I setup a second entry as sell stop.
I also have a great position from the top of the channel in a short position. I can collect my profits if the trend reverses and price bounces.
Plenty of room for a short positionWe are in a downtrend within a larger uptrend channel, there is still plenty of room to go down a little. We need to wait for price action around the bearish upper trend line.
Following the 4H bull trend from reentry into this channelI had a nice opportunity to enter at the reentry into this big bullish channel and currently I am running nice profit.
There are two resistances ahead and some more if we go all the way to the red channel, red upper line is visible in this graph.
I will edit my TPs accordingly to price action.
We had a trend reversal, going with itI am staying with this downtrend down until the large-scale trend, have a good RRR on this! Big hopes for next week.
EURGBP bearish setup
I would love to hear some opinions about this setup I made. I am a beginner trader and don't trade with real money yet.
I saw price came from 0.9300 and went to a decending channel. right now it went a little under the low of the channel,
and under a supportline as well.
The problem is that it went almost straight back above 0.8654, and back in the decending triangle(which I'm not totally sure if thats a good triangle)
If somebody can correct me or say whats good or bad, that would be awesome!
The more I learn, the better!
BTCUSDT Binance Most Likely IdeaI am a beginner trader in crypto but finally I'm starting to lock in some small profits and in the meantime gain some experience. I am posting here as an idea and by every trade you do is at your own risk, understand that trading cryptocurrency is a very risky.
The beashish pennant formed exactly as the right inverted shoulder was being completed and a small false breakout happened after crossing the neckline. The size of the mast of the bearish pennat should give us a correction until hopefully we will reach the buy area around 9600 USDT. BTC should hopefully bounce off the soft resistance off the Fibonnaci and head upwards again. If it breaks through the soft support, then we will be looking at a further downtrend until we reach the hard support. Hope that you had collected some Satoshi along the way from this correction, there are still some left to harvest and then hopefully we will start to enjoy an uptrend with increased BTC value again. The news about BTC has been unfavourable towards BTC during this correction which seems like it is becomming a regular pattern. Let's see if during the bounce we will start also to hear about the positive news on BTC an the price will be pumped up again. ;)
TRX/BTC Elliott Wave ThoughtsStill very new at this and would love any criticism.
I did a TRX/ETH Idea before but have switched over to BTC with an adjusted wave count.
So we saw our 1st major wave finish on March 29 and confirmation of starting our 3rd wave on April 5.
Now wave 3 has the possibilities of going further than I have projected but not likely to be lower. So that's still at least another 50% profit still to be made on wave 3. or 150+% completing wave 5, bringing us almost or to our ATH.
This is my thoughts, with so much still to learn.
Bardo
TRX/ETH Possible 120% profit on wave 3So I'm new at TA but love charts and love learning. So much still to learn but here are my possible thoughts.
Looking to hit .00017 to .00018 to end our major wave 3 into our retraction to 4
Would love your thoughts or a different view.
Thanks
Bardo
It could go either way but I'm expecting it to go up. I'll be keeping a close eye on this one. The more times it test the trend line the more excited I get. Here we are in a beautiful uptrend, If it breaks below the line I'm going to wait for all indicators to confirm we are in a downtrend before shorting. If it closes above the resistance or bounces off the support I will be buying.
One possible scenarioStill trying to learn Elliot waves, but I drew this up today. Potential bounce and start of an impulse wave, hitting the Fib and ichimoku levels.
XAUUSDBeginner at trading so dont take my word for it. Looks like a reverse head and shoulders forming, enter after pullback then will hold out until TP2. TP3 will hold will smaller lot size as it may not be reached because of the previous 2 H&S being lower than each other.
NANOBTC possible triangle formation Clear triangle formation is forming, this means breaking the resistence line at 0.0016471 will give atleast 20% target.
BTC - On Micro 3 of Primary 5 Wave?Soon, we'll be able to see if micro wave 2 is complete by breaking 19,975ish levels. If this is broken, we can assume we are on micro wave 3 of primary wave 5. The fib retracement is of primary wave 3, which shows a perfect 61.8% retracement for primary wave 4, which lead to the current wave 5.
This is not trading advice. I am a beginner and would like to hear back from experienced individuals on this idea.
LTC/USDT (BINANCE) - First Trading Chart - Looking bullish Yellow under $200 Cheap LTC
Green - Support
Red - Resistance
Hoping for breakout above $212.492800 / 212.979892
ICX/BTC - education for begginers with real-time exampleHello my friends !
This education lesson is more for beginners, as I am too.
Many new people have no clue about analysis, as begining. I did same mistake.
ICX , or ICON now reach strong support at 4h timeframe. Its decide-point, which direction will continue. I like to share my approch.
Usually, I just change chart to smaller timeframe ( here are2 hours candles ) for more detail look. Also bollinger bands is very easy use tool for better buy/sell. STOCH/ RSI at the bottom of chart indicate, if market is OVERBUY/OVERSELL. Lines needs to cross for change.
Every market has levels with strong buy/sell points. At this spots are situated big buy/sell orders. There are call support and resistance lines & we waiting for buy/sell oportunity near this levels. I want to notice, very often candle not reach this levels properly. Buy/sell orders people likely sets little lower or higher to be sure, order will be filed : )
At this chart, Im now draw resistence, only supports. Resistence repressent upper line in bollinger bands.
ICX is now in good example, and you can watch, how it works, without investing your real money.
Also, you need to study basic patterns like SUPPORT & RESISTANCE levels, Fibonacchi, how to use indicators , by your own. Sure, you need to train patience. Never make decision under emotions .
I will glad, if you leave comment or question below : )
*This is for education purposes only !
As all of my analysis.
Inverse Head and Shoulders on NEOUSDJust pointing out a possible inverse head and shoulders pattern that formed on NEOUISD.
I wholeheartedly admit that the target is a stretch, especially considering the amount of resistances that NEO would have to overcome on the way there.
That being said, I calls 'em like I sees 'em, and I'm seeing and inverted head with a couple of inverted shoulders.
In any case, will be interesting to see how this all plays out.
Needless to say this is far from financial advice and I myself am still new to this so take it all with a pinch of salt.. and trade responsibly!
Any and all feedback is appreciated, thanks.
