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ADA fighting to long but does it have hope..*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** ADA Probable - Long term rising wedge - Daily EMA’s turning down, haven’t crossed bearish yet. 12h & 4 hr have crossed bearish - Because of recent hammer off 0.09869, I’m not interested in shorting until we take that out with a close below and new resistance tested - 3 short target Possible - Im not looking for longs on this unless we break above 0.11065 and will reassess then
Short
by TradeTravelChill
ATOM looking to break out of symmetrical triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** ATOM Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4hr - Even though all EMA’s are currently bearish, I have a feeling this is going to break out to the upside. So I’m watching closely on the 4hr for bullish signs and a bullish EMA cross - Also watch for a break upwards of the triangle & retest of a new support Possible - Because of the most recent hammer circled on the chart, I’m not interested in shorted unless we break below that level and retest a new support - There are multiple channels below the triangle so many short opportunities should this break out to the downside. Shorting this is a game of patience. - EMA’s are already bearish so now we just need to break a key level - 3 short targets
by TradeTravelChill
1
XTZUSDT Symmetrical triangle, prepare for break out *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** XTZ Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4 hour - Looking for a BCR within the yellow box zone - 2 short targets Possible - Squeeze tighter into the point of the triangle - Watch to see if we create HL within there for possible bullish trend change - Watch EMA’s to see if they start to turn up and cross bullish - Wait for BCR of resistance outside of the triangle - 2 long targets
Short
by TradeTravelChill
1
QTUM Descending Triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** QTUM Probable - Long term descending triangle on daily - bearish pattern - EMA’s bearish on daily, 12hr & 4hr - Looking for BCR of yellow box zone - 2 short targets Possible - Look to see if we create a HL within the triangle for a heads up trend may change - Wait for EMA’s to turn up and cross bullish - Wait for break out of the long term down trend line - Wait for retest of the new support - 2 long targets
Short
by TradeTravelChill
Descending triangle OMGUSDT*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** OMGUSDT Probable - Long term descending triangle on daily - bearish pattern - EMA’s bearish on daily, 12hr & 4hr - Looking for BCR of yellow box zone - 2 short targets Possible - Look to see if we create a HL within the triangle for a heads up trend may change - Wait for EMA’s to turn up and cross bullish - Wait for break out of the long term down trend line - Wait for retest of the new support - 2 long targets
OShort
by TradeTravelChill
BTCUSDT Decision point!*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** BTCUSDT - Broken above the long term bullish channel - Last time we broke above and held here, we retraced back to the bottom of it - Have created a new channel above this time, similar to last time (around Aug-Sept) - RSI is sitting on 80 level - last 2 times we were here we had a pullback - Also Divergence on lower timeframes but when BTC is this bullish, it doesn’t really care about divergence, just another thing to factor in - I’m sitting out until we either create a new LL and LH on the 4 hour TF which will present a short opportunity OR we break above current resistance and run to the next level.
by TradeTravelChill
3
This is why The Binance Coin (BNB) Won’t Stop Bullish RallyHey friends hope you are well and welcome the new update on Binance coin. As in my previous post on BNB, I showed that the priceline of BNB coin has formed different harmonic patterns in US Dollar market and the Bitcoin market as well. Now finally by the grace of Allah the most high the price action has moved up and surged more than 98% and both ideas are executed perfectly as per their Fibonacci sequences as below: Previous article’s Gartley move with US Dollar pair: Previous article’s BAT move with Bitcoin pair: On small time period 4-hour chart, since 27 Sep the priceline was moving in a bullish pennant. Now finally it has broken out the resistance and likely to move down to retest the previous resistance of the pennant as support. The priceline of Binance coin is moving above simple moving averages with the time period of 25, 50, 100 and 200 and using these SMAs as support very well before the next rally. On long term weekly chart the priceline is moving in an up channel as below: On weekly chart it can be observed after March 2020 the price line of BNB has surged more than 420% and broke out the ichimoku bearish cloud. At this time the lagging span of ichimoku cloud is moving above the price action and the cloud as well. The conversion line has crossed up the baseline and this bull cross is still in play below the candlesticks of Binance coin price chart. The Ichimoku cloud is also turned bullish. Conclusion: All indicators and patterns from daily to long term charts are giving bullish signals. However, we should use the support of the up channel on weekly chart as stop loss to minimize the risk facor.
Long
by moon333
1
Binance ImpulseHad a scroll through some noise while patiently waiting for Bitcoin to signal and saw the BNB Chart. As an experiment on my Bitcoin long examples, I wanted to test my 3 indicators, I have chosen to assist me with my buy and sell options on Bitcoin and Ethereum. Here we can see a perfect example (yellow being positive) of The Super Trend buy signal, The Aligator opening-up positive and the Trend line on the MACD signaling green, all at more or less the same time on the Day Chart By Morne Olivier #business2blockchain
Long
by business2block63604
1
Binance Coin Analysis: BNB Drawing Closer To Yearly Highs Binance DeFi integration causes a spike in network activity while creating interest in Binance Coin. BNB seeks support after rejection at $34; the buyer congestion at $28 to come in handy. Binance Coin dived to lows of $6.4 following the Black Thursday crash in March. The majority of markets around the globe were feeling the heat from the Coronavirus outbreak. A recovery started alongside other major digital assets but Binance Coin as always curved its unique path, aiming for new yearly highs. There have been barriers but bulls remained relentless in the push for higher levels. BNB enjoys the support of the largest cryptocurrency exchange by daily volume and the number of users, Binance. The exchange encourages users to pay fees using BNB thereby driving up demand for the token. The recent integration of DeFi into the Binance Smart Chain resulted in increased transactions and activities from projects such as BakerySwap, BurgerSwap, and Cream Finance. According to data from the Binance Smart Chain, BurgerSwap attracted a staking volume of up to $400 million in just 24 hours. Daily transaction activity also surged as per the data provided by BscScan. At the time of writing, Binance Coin is seeking support above $30 after hitting a new September high at $34. If the retreat extends below 30, the resistance flipped into support at $28 will come in handy. However, Binance seems to be taking a breather from the mission to new yearly highs considering the wide gap created by the 50 Moving Average above the 100 MA. The RSI signals a short term retreat from the overbought region but low volatility means that the upside does not have a lot of traction. BNB Intraday Levels Spot rate: 30.70 Relative change: -1.82 Percentage change: -5.88% Trend: Short term bearish bias Volatility: Low
BINANCE:BNBUSDLong
by CoinGape
3