Sell on EURGBP (With TP and SL)Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is moving in downward direction. It did not break its trend line resistance. So as per our analysis the pair will continue to fall till it hits the support line. One can short the trade from here
TP-0.86887 and SL-0.89545
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Ryan.R.Lopes
Chart-analysis
Matic Network Descending Channel Bullish break out soon. 1DChartThis is my personal analysis not trading advice.
I have drawn an "Up Fib" from the inception of the Matic chart to show key support and resistance, you can see now that we are currently hitting resistance for several reasons but I will explain why this is not an issue. First we see that we are butting up against the .5 resistance of the up fib and also the resistance of the descending channel drawn out in red lines. This is current key resistance but there are many indicators suggesting we break these resistances soon. If we look at my indicators at the bottom of the chart we see the RSI at 56 which is neutral yet pointing upward, the MACD histogram is showing selling pressure subsiding and the signal looks to want to cross up and above the MACD. Also our daily Stochs RSI indicator gave us a buy signal on the 18th and is pointing up up and away.
It is also important to note that we have found support upon an ascending trend line since Dec 18th 2019, which makes our current support very strong. Our candles are currently above the EMAs and specifically above the cyan 21D EMA. On Feb 16th we bounced off the key support of the green 100D EMA/ Long term ascending trend line/ .618/ and the bottom of the descending channel.
Now in regards to the descending channel we must know that statistically speaking we generally break out up and above from these type of channels. They are generally bearish in the short term as we see the price action ping pong lower but in this case we note that there are so many points to indicate that we break upward soon.
My next target would be around .027 cents at the next key breakout resistance which is the .382 of the up fib. The main occurrence that would make me bearish would be a break down from the ascending trend line that we have found support on since Dec 18th of 2019.
Fundamentally speaking we must also note that the Matic Network team is about to complete huge parts of their road map like their Mainnet and staking delegation features. There is also a lot of buzz surrounding a soon Coinbase Pro listing and possibly Binance US listing because we recently saw a Coinbase Custody listing which proves that the Matic token is cleared in the US from a regulatory stance. We also know that there are many Ethereum projects waiting to deploy on the Matic Network after mainnet completion and these are not just any ordinary Dapps but Dapps much sought after. Also we saw that Bob Summerwill of ETC is looking to have the Matic Network scail their Ethereum Classic project meaning Matic may soon be a second layer scailing solution for ETC also soon. There is so much more but I cannot share everything so keep your eyes peeled :)
My Analysis for Gold This WeekI feel that Gold will continue to sell towards resistance price on the long term daily time frame, but I also see a possible short-term breakthrough to the top with a bullish movement to push through support. Price may also consolidate within the current channel that it's in, then eventually break to the downside as planned.
EUR/NZD likely to continue up next weeks!EUR/NZD saw a huge spike last week reaching back inside the upward channel. The latest risk-off sentiment hurt NZD and other risk-on currencies driving them lower against its rivals. So far that is the main fundamental driver so far since NZD recovered a lot after RBNZ's last surprise cut and economic recovery setting them on a more neutral stance for a while. Short to mid-term going long on this pair makes sense, or as long as sentiment prevails on the risk-off side. By secular analysis, kiwi is somewhere in the middle ground between the most undercrowded and overcrowded currencies, giving me a clue that some extra upside might be limited for an extended period.
Entries are still to be made since market makers can make a significant gap in case of new emergency news! As it is instructed in the chart pullback can be considered as a better entry in anticipation of the next resistance breakout! But I would wait for new high, therefore new safe entry!
ADA LONGWith Bitcoin looking to take a stab upwards in it's consolidation structure, we may see some alt coins try to keep up. In this case Cardano looks primed to move with BTC nicely, we can see the 21 (Cyan Line) exponential wanting to cross up and above the 50 (Red Line) exponential at the same time that our MACD is showing buying pressure, suggesting that we will see the cross. This cross will spur bots to buying action in most cases and retail will generally follow trying to jump in with tether. Also we can take a look at the VPVR which indicates that we have some support in our current levels and the RSI is pretty neutral allowing for the freedom upwards. Not to mention that ADA recently broke upwards out of it's descending wedge feebly, yet still out of the downward spiral indicating that bulls are trying to make moves.
So what are some potential targets from here...
Since we are looking at our 4hr USD chart I would suggest looking at the exponential moving averages (EMAs)..
1st Target around .063 cents (Price action to meet some possible resistance around the 100EMA )
2nd Target around .069 cents (Price action to meet some possible resistance around the 200EMA )
3rd Target between .076-.079 cents based off the VPVR and other lines that can be drawn based off the structure to the left.
Remember Bitcoin is consolidating downward so our micro trend is slightly bearish so as we meet higher targets it would be best to reevaluate and be more cautious. Also If bitcoin takes a massive leap upwards/downwards this could end the alt coins trajectory upward. Just some things to think about.
SL set
Bullish on MATIC chartWELL WELL WELL, most people would look at a chart like this and run, not me.
Let's break this down like always from a TA/FA point of view. Remember my last MATIC call exceeded all my targets.
I must explain that even though this looks like a cup and handle it is not based off old school TA, though it may still result and be traded like a C&H if we rally hard.
TA: Firstly the 1D chart does not fully show you what is happening on the smaller time frames, and what you see on smaller time frames can easily transition into the medium to larger time frames as long as Bitcoin holds steady. The smaller time frames moving averages are starting to cross up and over each other indicating that there are bullish tremors even after the concentrated leveraged short attack. Also on the 1D chart we see the MACD indicating that selling pressure is subsiding. The Stoch RSI looks to give a definitive buy signal soon, and the RSI is oversold looking as if there is a little more room for downside. The indicators give us an overall bullish sentiment (at least for a relief rally), though caution should be held due to BTC ( my stops are set if trading). Lastly we are sitting upon the 200 D EMA, and sure this is a new chart and the moving average does not have much data but the area is still support.
FA: NOTHING has changed in regards to the team and the amazing tech and dedication that is being put forth. They have been cleared of all suspicion and have explained everything in depth via multiple AMAs/ Interviews. They're looking to finish the year completing 50+ hackathons, which is 3 to 4 times as many as most teams do in a year. They are on schedule for staking (soon), and the Main Net should be completed Q1 of next year. Of course there is massive speculation that Coinbase will list MATIC because Coinbase is an initial investor in the project. There are already many top tier projects experimenting and building upon MATIC and this will only increase greatly after the Main Net. Essentially there is plenty of news to keep this project in the spotlight in 2020, being that it is the most widely adopted and successful L2 helping Ethereum with scailability.
Many people are fearful and that makes me bullish. Great traders say, " Be fearful when others are greedy, be greedy when others are fearful". i don't like greed but I understand the concept.
USDCHFAveiq Capital Management Group
25th November 2019
The pair has been in an overall uptrend followed by a break of the weekly trendline. We had a retest of that trendline which can be confirmation of a trend change. We are now predicting order collection in this area which can be identified as a strong liquidity zone. In addition to this, we have had three retests of this area which is enough confirmation for sellers to take control. We are targeting the 0.97 area, giving us a yield of 3%.
USDCHFAveiq Capital Management Group
20th November 2019
Currently, USDCHF is controlled by bullish sentiment. We have been in a daily uptrend. However, we had a break of the daily trendline on 17th October 2019. Price has retested the trendline twice showing that there is a lot of buyers in the market. We have found support at the 0.985 area which is in line with the minor trendline, indicating liquidity grab to further push this currency to the upside. We are now looking to target the previous high as there is a lot of confirmation of buyers in this market. We also have an inverse H&S pattern on the 4HR timeframe. We are targeting a yield of 1%.
4chan forecast targetsI wanted to test the 4chan forecast, you know the one. Link here if you don't bitcoinist.com
I like to believe that bitcoin will go up because I'm long but I'm also pragmatic so I just set up this chart to see if the already passed points where true and where we need to go if the October 2019 prediction was to happen.
xmrusd xmrbtc is about to hit bottomwell xmrbtc looks not as good as xmrusd so it could be better to hold on to btc but this is very low compare to xmr history.
This is due to banning dark coin from a lot of cex exchanges, but i am sure there are group of people who would want dark coin for sure.
best time to buy is when it goes above 68 dollars. otherwise only aggresive users can buy partially, and slowly with stop-loss set at the lowest price.
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EURNZDEURNZD TRADE IDEA
SENSE WE HAD THE RESPECT OF RESISTANCE AROUND THE 1.72758 WE CAN START TO LOOK FOR THE PUSH DOWN.
EXPECT A PUSH BELOW THE 1.70506 AND MAKE ITS WAY DOWN TOWARDS SUPPORT AROUND THE 1.65763
ENTRY: 1.72758
TARGET 1: 1.70506
TARGET 2: 1.68685
TARGET 3: 1.65763
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE FUTURE CHARTS TO GO AS PLANNED**
Future possiblity (frontrunning) Monthly Chart outlook (Bitcoin)It's good to have some idea of what could happen, this way you can plan.
The chart is pretty self explanatory. I'm looking for a rollover that will lead into stronger selling, driving the price down only to be picked back up for a green bullish 7 of 9 hammer candle.
It may not wick up in the same month, it may close and open the next candle at the bottom and then go up, either way, I'll be looking for a bottom down there somewhere.
I'm looking for the RSI to come down a little and bounce off the moving average (will be confluent with what's going on in the price action).
I'm looking for early Sept to be a possible entry.
If you would like me to explain further in a video. Just subscribe to my youtube channel "Kick Back Time" (just go to youtube and do a search for those exact words, should come up)
Right now I have no subscribers, however...
...if I start to get subscribers, this will tell me people are interested in learning more and I will start making screen sharing videos on a regular basis that go into further detail and down into the smaller time frames.
Liking this idea is also encouraging...
Kick Back Time
Only 4 candles to make my 36th Birthday epic on July. :DThis is so realistic, logical and has been happened and proved before on Dec,2017 and potentially can happens again in this month.
as I said in the previous post, in monthly time frame we are 1 candle behind compare to the price history to hit $20000 and above,
and I'm sure I won't regret if the price of alts and btc goes to the moon and again I won't blame if not, at least I have done my best in my 10 years of trading life to take advantage of this glorious opportunity.
Good luck and see you at the other side. ;)
I this monster (BCD) waking up?Bitcoin Diamond (BCD) has an enormous space to grow. check out the history of this Sh.t.
What do you think? isn't that a good opportunity to buy?
CARDANO [ADA/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description)
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