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Bounce

BZRX - Potential For a Bounce off EMA levels? 50%+ Gains?BZRX has seen a good bounce in recent weeks along with the rest of the defi sector. VERY bullish behaviour across the market. This is to be expected, mainstream investors are getting into crypto and DeFi is kind of like if you took mainstream investing, pumped it full of steroids and gave it a pound of crack. Anyway... RSI is currently looking on the oversold side. Volume is declining on the buy side. MACD posted a bullish cross but nothing to wright home about. Expect a retrace, probably to EMA levels on the chart. Good chance to open a long position here but see what happens when it get there. If it blows past the levels and closes there we might be in for a bit of a bear spell on the BZRX. If it holds steady it is going to reinforce the bull trend and it's an easy 50+ plus to the next target area. This isn't financial advice. But if it was it's free, so take that into consideration if you're going to complain.
BLong
by cryptosince1963
3
YFI - 4H - Potential Swing Trade Opportunity! 20%+YFI is throwing up an aggressive upward wedge with prices consolidating after bouncing off EMA 50 and resting now at EMA 21. Very Healthy signs for any chart. Should be a pretty simple bounce/ breakout play here. Opportunity for a 20% range trade potentially within the wedge. Indicators on this chart are all looking nice for further growth. Volume has dropped, good potential for a breakout from the wedge when we see a volume spike. Next targets are mapped. SL below the teal uptrend line if you're getting in on the bounce. Thanks for reading and have a great weekend. This isn't financial advice.
Long
by cryptosince1963
YFI - Bounced off the liquidity zone as expected - Retest soon?YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area. As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward. We're also testing the short term upward resistance, looking to breakout. I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge. Then on to the next targets.. Wait for the retest or breakout and play it accordingly. This isn't financial advice.
Long
by cryptosince1963
2
ETHEREUM EXPECTED TO BOUNCE BACK TO $568I believe the bottom is in for the correction that caused ETH to drop 22% In price. we shall start seeing the over sold bounce play on the the higher time frames. We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29. 21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this bullish rally which will complete somewhere between the 50 and .618 FIB Level.
BITFINEX:ETHUSDLong
by CryptoWhaleTrading
BTC - Big Bart, or Little Bart? BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a BART. If that is the case I'd expect more downside before the institutional money decides to re accumulate. Certainly doesn't seem like they are doing it yet, which makes me nervous this is a fake bounce. Like I said, wait for volume. This is not financial advice.
Long
by cryptosince1963
YFI - Testing A Key Support, Will History Repeat itself?YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend. MACD is still bullish, though weakening ever so slightly. priority is still up. RSI just left overbought, position is strong. This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel. If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
by cryptosince1963
2
GBPAUD - Bullish Deep CrabWell, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was looking at, with RSI at the overbought area and other things, I've already engaged the trade.
Long
by RaynLim
ETH TESING THE LOW OF AN ACENDING CHANNEL: BULLISH SCENARIO🚀Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc. In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and beyond. ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Long
by FieryTrading
IS LINK PREPARING FOR A NEW ALL-TIME-HIGH?Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%. In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs. Will LINK bounce and ascend to new all time highs or will its crazy run-up finally come to an end? ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Long
by FieryTrading
3
ACB- Dead-cat bounceIn range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for more conservative approach (Refer to the chart attached below) Proceed at your own risk. Allocate only the small % of your capital and set the tight stop loss. Not the financial advice
A
by Libratus
STORJ - Potential for 30%+ Swing from the Golden Fib??STORJBTC 1D hit a historic support level, right on the golden fib as well. RSI is looking ripe for a reversal still and volume has been shrinking on the downtrend; a sign of trend weakening. I would expect a small correction up, if not a full reversal. Potentially up to fib .5/EMA 100, then possibly a retest of support if it doesn't go straight bull up to EMA 50. We still have strong positioning on the EMA 's with 50 being above 100. This tends to indicated overall bullishness, so if we can must a rebound here there's a potential for a bullish breakout through the top trend-line. Either wait for the retest, or if we see solid signs on the breakout from the down-channel buy in then. SL and short term TP's mapped. -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963