RIPPLE - HOW TO: Analyse this market!Hello dear traders and community! HOW TO: analyse this bullish market! With the example XRPUSD. In my analysis i detected several bullish factors for XRPUSD to skyrocket soon. In my analysis you see this long black parallel channel. XRPUSD kept in the channel for almost 462 days till it broke out on 14th may 2019 with a big green shooting star candle. You can see this breakout clearly on the chart. There are several other excelent factors which make it clear that XRPUSD is definitely a possible trade on the LONG side. In my chart provided you can see this big green descending wedge formed before the breakout of the black parallel channel. It almost perfectly broke out and confirmed together. After the breakout XRPUSD formed another symmetrical triangle, which you can see in black on my chart. This triangle is about to confirm now.
The target zone of the big green triangle is at 0.57 - 0.58 USD but there are several other factors which make it highly possible for XRPUSD to rise higher, at least to 0.9 USD (target of the parallel channel with price projection). From there we can get a pullback to the 0.735 - 0.74 USD range which you see in my chart. There are two ways after this pull-back, XRP can fall down and reverse the bullish trend or it will continue the uptrend to the 61.8 % retracement (you see it in blue on my chart). A LONG position can be opened in the 0.46 - 0.47 range with aggressive entry (stop-loss at 0.4 - 0.41), a conservative approach would be to wait until some green bullish candles confirm a further uptrend. Always wait for confirmation to come! Patience is a must-have in the mindset of a good trader!
While other coins are in strong uptrends, XRPUSD has definitely some more potential to rise. You can see it crearly in my chart. There are some other fundamental news which confirming bullish price actions for XRPUSD, normally i dont trade fundamental news. I use my technical indicators to observe further price actions. But this partnership with Moneygram is definitely an interesting story and a factor to look at.
Thanks everybody for watching my chart, i hope everybody enjoyed this analysis i am here to provide you with the best information possible! Of course this is just a evaluation of the current market situation and this evaluation should not be used to buy or sell, only for educational purposes! BIG SHOUTOUT to the crypto community!
Peace and love to everybody! Have a nice day and week, thank you!
Confirmation
NANO : A Quick Profits Opportunity For The Short Term.#Accumulation_Recomendation
Pair : #NANO / #BTC
Platform : #Binance
RSI : 37.8
Volume : A fair amount of volume circulating on the 1D chart.
**Note : Falling wedge triangle pattern formed and already broken out by the past 2 days and trying to form a reversal move by the current candle. We might see some more down ward retrace levels which will be even a good thing to see a stronger reversal trend but need to be above the resistance of the falling wedge which can be taken as a temporary support level. MACD looks to be in favor of the bulls for now and RSI is at a neutral movement but surely will be in a bullish state if volume continues its current momentum. EMA is also on the way to be below the price and for sure will continue to be moving in the current direction if volume made some change and make a boost on the upward movement.
Current Accumulation Area : 1650 sats - 1675 sats
Distribution Targets
Short Term :
Target 1 : 1764 sats
Target 2 : 1841 sats
Target 3 : 1903 sats
Target 4 : 1964 sats
Target 5 : 2052 sats
Target 6 : 2164 sats+
Stop Loss : 1600 sats
Risk : High
Capital Allocation : 5%
MFT : Upto 300% Profits Opportunity In The Mid Term.#Accumulation_Recomendation
Pair : #MFT / #BTC
Exchange : #Binance #Bittrex
RSI : 31
Note : Our last #MFT call did give us a fairly good profits in which our call was around 41 sats and reached 53 sats. By now it seems #MFT is in its lowest positions and ready to take off any time. EMA struggling to come below the price and seems to be on the way soon. RSI and MACD also seems to be on the way to be on favor of the bulls. Candle stick needs 1 or 2 sats to be in a bullish engulfing formation and it is likely to happen on the close of the daily time frame. Volume looking good for now but needs some more spike to confirm a reversal upward trend. Since we are on the very low of point of the price level and very big partnership news coming in the near future it seems a very good and smart move to accumulate #MFT at this point with a good capital accumulation and risk management strategies and a strict stop loss methodology.
Accumulation Area : 35 sats - 37 sats
Distribution Area
Short Term:
Target 1 : 40 sats
Target 2 : 44 sats
Target 3 : 47 sats
Target 4 : 49 sats
Target 5 : 52 sats
Mid Term:
Target 6 : 56 sats
Target 7 : 59 sats
Target 8 : 66 sats
Target 9 : 74 sats
Target 10 : 80 sats
Target 11 : 84 sats
Target 12 : 98 sats
Stop Loss : 31 sats
Risk : High
Capital Accumulation : 4%
USDCAD WAITING CONFIRMATIONSUSDCAD broke our major ascending trendline on daily bias, and in my opinion will stay bearish for a nest days, but I only trade with the information of the market, so right now is bullish on lower timeframes, so if usdcad break this minor ascending trendline I go short, if reject I go long,I will update you if I open any order.
VIB : GOOD OPPORTUNITY FOR HAVING A 100% Profits#Accumulation_Recomendation
Pair : #VIB / #BTC
RSI : 46
Note : Just before the Binance FUD announcement VIB was in a very good bullish trend and was forming a very bullish candle stick pattern. But after the FUD news since most alts did got into a huge volume out scenario we have seen a big bearish candle creation. But this temporary bearish mode doesn't seem to continue after we will see a good account transfers to other exchange accounts and the alts will most probably get there momentum back once again. RSI actually needs to be in the positive side but MACD still in bulls side and EMA still bullish for the short term if volume can get its strength once again. Even though the trade needs a strict trading strategy specially on the stoploss and capital accumulation management areas for sure it will show us a good profit.
Accumulation Area : 565 sats - 580 sats
Distribution Area
Short Term:
Target 1 : 594 sats
Target 2 : 620 sats
Target 3 : 639 sats
Mid Term:
Target 4 : 671 sats
Target 5 : 698 sats
Target 6 : 731 sats
Target 7 : 769 sats
Target 8 : 796 sats
Target 9 : 885 sats
Target 10 : 998 sats+
Stop Loss : 34500 sats
Capital Accumulation : 4%
Risk : High
#BQX : Upto 225% Profits For The Mid Term#Accumulation_Recomendation
Pair : #BQX / #BTC
RSI : 51
Note : #BQS is trying to make a reverse from once again after showing some upward move on Mid May. We might need some time for a confirmation of short term profits but surely will be a very good entry point for a mid term trade. Both MACD and RSI looking bullish on favor of the bulls and EMA also looking bullish. Volume needs some energy though to see a good upward move.
Accumulation Area : 1550 sats - 1750 sats
Distribution Area
Short Term:
Target 1 : 1827 sats
Target 2 : 2034 sats
Target 3 : 2335 sats
Mid Term:
Target 4 : 2920 sats
Target 5 : 3393 sats
Target 6 : 3865 sats
Target 7 : 4538 sats
Target 8 : 5395 sats+
Stop Loss : 1390 sats
#QTUM : More Than a 100% Profits Opportunity For The Mid Term.#Accumulation_Recomendation
Pair : #QTUM / #BTC
RSI : 51
Note : #QTUM is also trying to make a reverse from once again after showing some upward move on Mid May. We might need some time for a confirmation of short term profits but surely will be a very good entry point for a mid term trade. Both MACD and RSI looking bullish on favor of the bulls and EMA also looking bullish. Volume looks good on the daily chart today but still needs some more energy to see a good spike.
Accumulation Area : 39000 sats - 41700 sats
Distribution Area
Short Term:
Target 1 : 45400 sats
Target 2 : 48200 sats
Target 3 : 51400 sats
Mid Term:
Target 4 : 53500 sats
Target 5 : 58800 sats
Target 6 : 66400 sats
Target 7 : 70200 sats
Target 8 : 76000 sats+
Stop Loss : 34500 sats
STRAT : Upto 100% Profits In The Mid Term#MidTermSignal
#CoinName : #STRATIS
#MainExchanges : #Binance #Bittrex
#TechnicalAnalysis :
- Strat is on of the undermined coins of all the main alt coins in the ranking. It has been in a down trend since April and showed a good reversal move in Mid May. For now looking very bullish from candle sticks.
- The price is above the EMA which is a good indication for short term profits. MACD and RSI looking good too for a bullish run in upto the mid term.
-The RSI is at 49.
Trading suggestion:
There is possibility of temporary retracement to suggested beginning accumulation zone @11800 sats. If so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone : 11800 sats
.Ending of entry zone : 12600 sats
Entry signal tip:
The close of the current candle stick will a confirmation for an accumulation move.
#TargetPrices
Target 1= @ 0.00013560
Target 2 @ 0.00015810
Target 3 @ 0.00017630
Target 4 @ 0.00019450
Target 5 @ 0.00022040
Target 6 @ 0.00025340
Stop Loss : @0.00009900
YOYO : Still Upto 120% Profits For The Mid Term.#YOYO_Update
Another leg up move from #YOYO with a breakout from the formed downward channel. MACD and RSI looking very good and Volume also in good shape by the last 24 hours chart. EMA on favor of the longs too.
Accumulation Target : 330 sats - 340 sats
Short Term Targets
Target 1 : 352 sats
Target 2 : 382 sats
Target 3 : 412 sats
Target 4 : 438 sats
Target 5 : 458 sats
Target 6 : 485 sats
Mid Term Targets
Target 7 : 558 sats
Target 8 : 652 sats
Stop Loss : 240 sats
VIA : Upto 65% Short Term Profits Opportunity. #Accumulation_Recommendation
Pair : #VIA /#BTC
RSI : 53
Volume : Showed a good pump by the last 4 hour but still need some inputs.
EMA(50) : On the way towards the floor of current price.
Note : After some good resistance test after our last call once again #VIA is on a good bullish short term trend for now. A good bullish candle sticks created by the last 24 hours and is going to test the major resistance level at around 7790 sats. MACD and RSI seems good and on favor of the bulls and EMA is also on bullish side for now. Besides the falling wedge it is already in a breakout of a short term triangle too. If the current candle can close the resistance of the blue triangle it is going to be a good indication for a breakout even upto the level of 61.8% fib levels. Trade need a strict stoploss management since Bitcoin is moving in a good uptrend testing the 8k level currently.
Accumulation Area : 7100 sats - 7300 sats
Distribution Area :
Target 1 : 7630 sats
Target 2 : 7760 sats
Target 3 : 8250 sats
Target 4 : 8530 sats
Target 5 : 9150 sats
Target 6 : 9780 sats
Target 7 : 10670 sats
Target 8 : 11810 sats
Stop Loss : 6500 sats
Risk : High
Capital Allocation : Up to 4%
REP : Upto 100% Profits Opportunity in the Mid Term.#Accumulation_Recomendation
Pair : #REP / #BTC
RSI : 38.9
Note : AUGUR was also one of the alt coins that have been in a downward trend without that much reversal bullish move since Mid April. It seems we are no going to witness a good reversal upward move. It already formed a falling wedge pattern and broken out from the formed triangle by yesterday's bullish candle. We might see a little bit downward retrace in the current candle within itself and if volume input increases in the mean time we will be trying to test the next strong resistance at around 2748 sats price level. MACD is looking good for the mid term but RSI needs a wake up call to see a good pump in the short term. EMA looking good for the short term though.
Accumulation Area : 225000 sats - 235000 sats
Distribution Area
Short Term:
Target 1 : 253400 sats
Target 2 : 274800 sats
Target 3 : 290700 sats
Target 4 : 308500 sats
Target 5 : 335700 sats
Mid Term:
Target 6 : 362900 sats
Target 7 : 401600 sats
Target 8 : 451000 sats+
Stop Loss : 194500 sats
Risk : High
Capital Accumulation : 3%
Alts Against Bitcoin : Where Are We Heading?#Alt_Update
#ALTs / #BTC
The main reason we have not been posting ideas was the Alt market scenario. It was in a downward move since May 30 which was more of a correctional retrace move instead of a major downward trend. We are now at a major point were we can decide that Alts will continue and enter a major downward channel or not. The main price level area is at around 945B which is depicted by the blue circle on the chart. If Alts market is going to break the support of this level at the closing of the current chart we might go further downward and will be in a bearish overall market trend for some days by the following week. In the other scenario which can happen we might see a good bullish reversal move and will test the area at around 1.16Tr level. Further if it can break the resistance at that area we will be on the start of a bullish season for Alts.
-MACD and RSI are still in bearish mode amd EMA still in bear mode too.
By this we conclude that we need to be careful on our alt trades and need to be sure on accumulations backed by TA and FA studies.
FUN : Upto 80% Profits in the Mid term.#Accumulation_Recomendation
Pair : #FUN / #BTC
RSI : 48
Note : Fun is still in a downtrend channel which is formed since April and tried to make a reversal move when most of the alt coins showed a good reversal move in mid May. For now it is still not confirmed to be in a bullish trend but if it can hold that area of the 50% fib level we might see a good pump by the following days. MACD and RSI showing a good bullish indication but volume needs to have a good input to see a strong momentum. Further EMA needs to come below the price but in a good direction towards it though.
Accumulation Area : 73 sats - 80 sats
Distribution Area
Short Term:
Target 1 : 83 sats
Target 2 : 87 sats
Target 3 :92 sats
Target 4 : 100 sats
Target 5 : 107 sats
Target 6 : 117 sats
Target 7 : 122 sats
Target 8 : 131 sats+
Stop Loss : 65 sats
Risk : Medium
Capital Accumulation : 4%
#NEBL : Upto 300% Profits Opportunity by the following 2 months.#Accumulation_Recomendation
Pair : #NEBL / #BTC
RSI : 45.8
Note : #Neblio is one of those alternate coins that suffered from a very big loss from the downward trend formed since Mid March which counts upto 300% price level. It seems it almost finished its downward move and trying to form a reversal bullish trend. Candle stick formations looks bullish in addition to both MACD and RSI by the past 2 days and volume also increasing in a good momentum but needs some more energy to see the best performance in the uptrend.
Accumulation Area : 1500 sats - 1650 sats
Distribution Area
Short Term:
Target 1 : 1794 sats
Target 2 : 1875 sats
Target 3 :1956 sats
Target 4 : 2048 sats
Target 5 : 2155 sats
Mid Term Target
Target 6 : 2570 sats
Target 7 : 2906 sats
Target 8 : 3262 sats
Target 9 : 3720 sats
Target 10 : 4329 sats
Stop Loss : 1420 sats
Risk : Medium
Capital Accumulation : 4%
#APPC : Upto 140% profits Opportunity in the Mid Term.#Accumulation_Recomendation
Pair : #APPC / #BTC
RSI : 56
Note : After a good reversal pump on Mid May, AppCoins is showing a good retrace for a correction and showing a good bullish candle formation on the daily chart. Falling wedge broken out already and the 1st impulsive wave is done in a good way with a healthy correction making the trade went sideways for the ast 15 days. If the candle can show some good up ward formation and close at least above 1238 sats we are going to see the 3rd impulsive wave on the way and will be heading at least to the area of 1530 sats since the 3rd wave need to be above the 1st one. MACD and RSI showing a good bullish behavior too on favor of the bulls for now and Volume needs to get some more energy to see a real pump up move. EMA is also moving in the proper way below the price and not showing any bearish sign for now.
Accumulation Area : 1100 sats - 1250 sats
Distribution Area
Short Term:
Target 1 : 1310 sats
Target 2 : 1388 sats
Target 3 :1420 sats
Target 4 : 1490 sats
Target 5 : 1526 sats
Mid Term Target
Target 6 : 1631 sats
Target 7 : 1757 sats
Target 8 : 1991 sats
Target 9 : 2323 sats
Target 10 : 2745 sats
Stop Loss : 915 sats
Risk : Medium
Capital Accumulation : 4%
BCPT : Upto 60% Profits Opportunity for The Mid Term.#Accumulation_Recomendation
Pair : #BCPT / #BTC
RSI : 49
Note :#BCPT is already in a breakout of a falling wedge which is created in the downward trend after a good pump in the last week of May. Now MACD and RSI looking good for a good confirmation and breakout of the trend in favor of bulls and volume is also looking good even though a further little more spike might show us a good profit making scenario.
Accumulation Area : 770 sats - 800 sats
Distribution Area
Short Term:
Target 1 : 834 sats
Target 2 : 868 sats
Target 3 : 906 sats
Target 4 : 938 sats
Target 5 : 994 sats
Mid Term:
Target 6 : 1051 sats
Target 7 : 1131 sats
Target 6 : 1233 sats
Stop Loss : 689 sats
Risk : Medium
Capital Accumulation : 4%
#XVG : Upto 45% Profits For The Mid Term#Accumulation_Recomendation
Pair : #XVG / #BTC
RSI : 56
Note : #XVG is on a very good bullish setup and forming a bullish engulfing candle stick in the 4H chart. The already formed falling wedge seems to be broken out and seems we are having a good spike from XVG. Volume looks good in addition to EMA is below the price. Both MACD and RSI are on favor of the bulls.
Accumulation Area : 110 sats - 115 sats
Distribution Area
Short Term:
Target 1 : 121 sats
Target 2 : 128 sats
Target 3 : 134 sats
Target 4 : 140 sats
Target 5 : 148 sats
Target 6 : 158 sats
Stop Loss : 100 sats
Risk : Medium
Capital Accumulation : 4%
#VET : Still In Bullish Trend For The Mid Term.#VET_Update
#VET is looking very bullish once again after our call at around 90 sats on May 27 is showing a good progress breaking out of the formed downward channel trend on the daily time frame. For now we might see some downward push downs which might further go down to the area between 98 sats - 100 sats for a testing of the line which was the resistance before the breakout and which becomes the support for the trend for now. By this we are expecting a huge formation of an extended 3rd impulsive wave in the mid term. Distribution targets are stated on our last idea.
GXS : Upto 100% Profits for the Mid Term.#Accumulation_Recomendation
Pair : GXS / BTC
RSI : 55
Note : GXS was one of the alt coins that doesn't show that much reversal pump up move when most of the alternate coins showed a good spike in Mid May. It showed a very good sign on the daily time frame with a engulfing bullish candle stick creation and VOLUME, MACD and RSI all showing a bullish trend start.
Accumulation Area : 1400 sats - 1550 sat
Distribution Area
Short Term:
Target 1 : 1650 sats
Target 2 : 1721 sats
Target 3 : 1885 sats
Target 4 : 1721 sats
Target 5 : 2013 sats
Mid Term Target
Target 6 : 2249 sats
Target 7 : 2485 sats
Target 8 : 2618 sats
Target 9 : 2822 sats
Target 10 : 3250 sats
Stop Loss : 1230 sats
Risk : Medium
Capital Accumulation : 4%
BTT Update : Where To Go NextSince we have been asked by many of our followers to give yet another update on BTT here is what the charts are saying.
#BTT_Update
It seems BTT is still in favor of the bulls and didn't confirm a start of downward trend or correction.
Notes
- EMA still below the price which indicates that we are still in an uptrend.
- Trend channel still in progress and didn't confirm that it starts a downward move since we are still in the blue trend channel as shown in the chart.
- MACD still didn't confirm a downward move but might give us a clue in short period of time.
- RSI is actually in an average area and is actually in the bears favor according to its direction.
Possible scenario's for now are we might see a correction between the level of 14 sats and 15 sats or we might see another leg up on a reversal move. To confirm we still need some time and see what the indicators will give as though.
CLOAK : Upto 175% Profits In the Mid Term.#Accumulation_Recomendation
Pair : CLOAK / BTC
RSI : 50
Note : After a healthy 3 wave correctional wave pull back Cloak started its reversal with a good volume pump and a breaking out scenario from the falling wedge created. Both RSI and MACD looking bullish in favor of the bulls so far. It would be a good position for the mid term to hold.
Accumulation Area : 7000 sats - 8000 sats
Distribution Area
Short Term:
Target 1 : 9328 sats
Target 2 : 10219 sats
Target 3 :12550 sats
Target 4 : 12813 sats
Target 5 : 13700 sats
Mid Term Target
Target 6 : 14730 sats
Target 7 : 15644 sats
Target 8 : 16588 sats
Target 9 : 17990 sats
Target 10 : 19413 sats
Stop Loss : 6150 sats
Risk : Medium
Capital Accumulation : 4%
But Wait There's More!As I expected, price reversed at the end of wave 5 on the daily time frame and is now trading at the bottom of the corrective structure. Structures seldom form more than 5 waves which leads me to believe that we will see the break to the downside soon. The possibility of a 6th wave to the top of the structure first does exist so I will wait for confirmation on a lower time frame before entering the short.