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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.
BITFINEX:ZECUSD
by JaimeKing
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!
XLong
by Cannastotle
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.
Long
by Smilao
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!
Short
by Florian_Glas
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. ;)
by glennie81
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
Long
by Bardouns
2
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.
Education
by EmVi
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.
BITFINEX:NEOUSD
by SijanC147
2
LTC Ascending Wedge Followed by PullbackHey guys so I'm a beginner analyst. I've been studying technical analysis for about 8 months and I'm starting to put it into action. I'm looking for experienced opinions, advice and criticisms on my ideas. It's one thing to study something and believe you have an idea of what you're doing, but its another to put it into action, therefore, I would really like some opinions of where I might be wrong on this analysis and also where I might be right. So after LTC's big bull run last night (signaling a reversal on the primary trend in reference to the Feb 4th high on the day chart) volatility is winding down. This is forming an ascending wedge signaling a pull back of the bull run. I'm looking for support at the 33%-50% marks. Is it to soon in the trend reversal to look for support at the 50 and 100 MA's? Again, I'm looking for advice, tell me where I'm wrong, tell me where I might be right, give me some advice if you have any, thank you all!
BITFINEX:LTCUSD
by jgoston96
1