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Bullish-pattern

SAND - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. SAND is overall bullish and now approaching a strong demand zone in green so we will be looking for buy setups. on H4: SAND is forming an inverse head and shoulders pattern, but it is still an idea. Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, SAND would be overall bearish can still dive inside the demand zone before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:SANDUSDLong
by TheSignalyst
25
TOTAL3 Cup and Handle FormingImportant things to note: The basing pattern can been see in a lot of different altcoins depending on their release. There is a strong basing pattern followed by the formation of a handle. I have created the target if the pattern completes. Target is depth of cup added to the top of the cup. 543 + 922 = 1456 This target will represent the boom of altcoins during the rest of the bull cycle. Market cap will likely be higher than this when the dust settles. So, I decided to take a break from ADA today since I have said everything that needs to be said at the moment and we are just waiting. What I wanted you to look at was the market cap of the total3 which includes all altcoins except BTC and ETH. If you have any worries of where the market is going, just take a look at the pattern forming at the moment. We have a strong basing pattern (which has been seen in many altcoins) followed by the handle which is forming now). Personally, I do not expect this pattern to break to the downside. BTC has reversed its bearish trend and is back to bullish. I have created the target you see by adding the depth of the cup to the top of the cup which gives us a target of 1456. This altcoin boom will be represented in the rest of our bull cycle. I think the biggest runs will line up with the approval of the 4 BTC ETFs with deadlines of Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Some people (like PlanB) have suggested the bull run might go a bit longer than originally thought, (at least 6 months). I don't know anyone better at predicting long term trends using stock to flow modelling than PlanB. Anyways, I hope you all sit back and enjoy the fireworks. Smaller altcoins will likely run 10X or more, and larger ones can see a 3-4X run in my opinion. We will see how this goes! Thanks again for the support everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
CRYPTOCAP:TOTAL3Long
by mysticalwalrus
7
ADAUSD Correction Coming to an EndImportant things to note: BTC is on its way to make its 3rd lower low between 40--38k. This will signal a significant reversal due to the three drives pattern. A three drives pattern is 3 lower lows or 3 higher highs followed by a reversal. (you have seen me mention this before) If the minor trendline breaks and the price falls to 1.91 this will create an impulse. ADA could always push up from here, but the momentum would not be as strong. Indicators show a nice bullish run starting very soon. I have said there are only a few more movements left in this correction and I believe this move downward is the last. This will cause an impulse that creates a new bullish trend. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 LOTS of great news coming from this. I will make a post when the summit is over summarizing everything. So, a lot of you might be wondering how I knew the price was going to fall to the trendline from my last post. It is because of the three drives pattern. I have never seen anyone mention this pattern on tradingview but it is extremely powerful, I use it all the time and have mentioned it previously. This is how I predict that the correction is coming to an end in one more movement. BTC is on its way to creating that new lower low which will be the third in the series signaling a trend reversal and the end to the correction. ADA will likely follow this, as I can see a low of 1.91 coming next if the trendline breaks. But fear not, this will be followed by a quite robust bullish trend that will get ADA out of the nasty correction is has been in for some time now. This is the same pattern I applied to the 3 highs we just had before. Now, the price could just push forward at the current trendline but the bullish momentum will not be as strong as if it falls to 1.91 first. So all in all, this would be the best option for ADA. Again, the three drives pattern is especially strong so I was looking forward to it. Lets see how this plays out. I will continue to update you all on the movements and I hope this helped you learn something new. On another note, I went to the ADA summit today and it was a ton of fun. I got some limited edition NFTs (pretty cool), and a ton of news has come out. I have mentioned some of it on my last chart via the updates. I will be putting out a whole post on the matter after this summit is finished tomorrow. We have a lot to be excited about! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
20
ADAUSD Explaining The Moving AverageImportant things to note: There is an important 50MA test about to happen. A moving average is usually the average closing price of an asset in a certain amount of time. Prices use moving Averages to perform tests of a price level. Usually before a break across a moving average line, the price will test MA at a prior time hinting that it will try to cross. This is why I want to see a test of the 50MA. Tests of a MA can produce a bounce, or if a cross occurs, it can shift sentiment either bullish or bearish. Take a look at the examples I have shown of the price testing the MA, then crossing. This is a good way to back up your price targets. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) Since I am waiting to see what happens with this test (if it happens at all). I wanted to explain why I find it so important. Lets just start off with 1 moving average, the 50MA on the 1D chart. This takes the average closing price of ADA over 50 days. Tests of the MA can produce a bounce, tell you where the price wants to go, and can shift the sentiment if a cross of the MA occurs. It is a great way to add a little more information to your prediction on where a price is headed. Take a look at some of the examples I have made for you showing the price testing, As you can see, the price test, then crosses. Not all tests are successful, so keep that in mind. Whenever a price is below a moving average, you want it to push above the moving average so the sentiment will shift. There are different kinds of moving averages, and different ways to interpret them (you have probably heard of a golden cross or a death cross etc.). But lets keep it simple right now. I would like to see the 50MA tested with a wick that crosses the MA, letting me know it wants to cross. The only thing better than that will be a cross itself. This is just the first step for ADA however. It will still need to get above the 20MA to solidify its bullish sentiment and stop the asset from getting pushed around by the bears. Now, lets talk about the elephant in the room, which is overhead supply. You might know it as a big dome sitting at the top of BTC, ETH, ADA and many other assets right now. Though, that is a bearish sign, the on chain metrics I am seeing for BTC do not suggest a bearish scenario. What I see is long term holders buying, and moving their coins to cold storage. This is a bullish sign. They would not want to store their BTC if the price was going to go into a bear cycle, and the same goes for buying right now. They would not buy right now if we are headed in a bear cycle, they would wait. The reason I bring up a bear cycle is because the price goes too far down, it will suggest a bear cycle and nothing I see on chain suggests that. So, I hope that clears everything up for you! I will put out another chart when I see the results of the 50MA test. Thanks again everyone!!! Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
13
ADAUSD 1 Day Chart Is A Mixed BagWhen we want to see the health of price movement, it is important to look at all of the time ranges available to us. Overall, ADA looks like a typical upward trending price. We have a pullback in the range of nearly 50% and bullish momentum following the push. This is a textbook upward trend. However, we can see the bullish engulfing that occurred previously was the catalyst for the price rise. This new upward candle that was created lacks the bullish engulfing I would like to see to guarantee a large price move. The reason this is important is bulls like to see higher highs, and if this push lacks bullish momentum and doesn't move to create a new high, it could easily be rejected. If it is rejected, it will be stuck in a grey area where we are trying to figure out if the trend is going to change or not. Obviously right now we are doing fine, but it is worth mentioning. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
6
ADA On The Move. Cardano's Inevitable Climb to $3...Put When?!!?A quick analysis of Cardano's Price Action over the past 2-3 weeks shows us that we might be entering into the next pull-back / consolidation range. Previous spikes above the 72-79 RSI level have been followed by approximately 9% pull-backs before continuing on to the next run up. At current prices, a 9% pull-back would put us in the range of $2.10-$2.15. In addition, there is solid psychological support at the $2.00 level now that we have broken firmly past it. While crypto is a little harder to predict, our previous trends indicated that we may seen a slightly pull-back over the next 12-24 hours, followed by a few days of consolidation, before another great run up. Mid-long term, I am incredibly bull-ish on Cardano. I would fully expect to see $3 by the beginning of June or so. * Invest wisely and do your own DD. Nothing I say should be construed as financial advise. I am NOT a licensed financial advisor. However, I HAVE stayed at a Holiday Inn Express a few times. ;)
KRAKEN:ADAUSDLong
by UnknownUnicorn17806789
Bitcoin: The GoldencrossBitcoin is moving sideways for some time now and also forming a triangle. It is close to get a crossover with the 50D 4h MA and 200D 4h MA . If the crossover happens then the bullish golden cross pattern has been formed and a big price increase will take place, you can look back to previous golden crosses on the chart. But this doesn't mean we can't get a drop in price, on 1sep 2020 the bitcoin price dropped before crossing over so still anything can happen before we get a crossover.
BITFINEX:BTCUSDLong
by tspj2000