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Crpyoto

DOTUSDT - Good timing for entry!BYBIT:DOTUSDT 1H trend chart - $41.995 is a nice timing because confirmation of breaking out the downtrend line Also, potential double bottom is forming, so I regard it as a great time for entry. Trading strategy as below - Profit Targets: a) 43.240----Fib(1) b) 46.275~47.505----Fib(1.272~1.382) c) 50.135----Fib(2) Stop losses: a) 39.500----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
13
Bitcoin: its not done yetHello All, I wanted to talk about bitcoin and its current price action. I know that I have said that the price of 9550 is a wall, but I believe we will be blowing through it sooner rather than later. The reason why I believe this is that price action currently looks like it is forming a cup and possibly a handle, it is possible for this to simply form a cup and take off. But it is important that the 9380 region holds as support, if it doesn't, and we make moves down, I suspect that this could be some type of topping pattern such as a head and shoulder or a diamond top. If this is some sort of diamond top, it is possible that it is a half-staff instead which is a continuation pattern. The head and shoulder top is represented by the yellow marks, and I would be looking for a drop to the lower portion of the channel for the RSI. Overall, if this is a top, I would be looking for movements to 7900-8300, this is because it does appear like there is a strong chance of another inverted head and shoulder forming on the larger time frame. I am in favor of this being a cup and handle. The price objective of the cup and handle is around 10000 Synopsis: Arguments For the Head a Shoulder and what to look for: Continuation of the descending channel on the RSI and either a rejection at the top of the channel or a rejection below it. If there is a rejection below it, then, it most likely means that the selling has accelerated. Volume remains stagnant or volume increases as price moves downward 9380 region does not hold as support (it is possible that price moves down once more and to consolidate more, before making upward movement, I will post an idea on this if it is the case) Arguments For the cup and handle and what to look for: It breaks through the upper trendline of the descending channel on the RSI 9380 region holds as support and continues to make upward movements on volume that is slightly increasing The right half continues to maintain its roundness Best of luck and Stay Technical! Previous Analysis:
COINBASE:BTCUSD
by CuddlyCuddles
ADA/USD *Chart Pattern Identified*I am bearish and this is why. Fractal found from last Ascending Triangle. Rounded bottom looks like Cup and Handle could form from here. Red dotted line looks like resistance. Yellow 1-5 Impulse looks complete. wave A or 1 looks to be complete. Cardano is not the only one. I seen this yesterday before wave 5 was put in. this looks perfect imo but think we can hit the orange trend lines 1-2 more times. If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart. Follow for more charts, give this post a upvote/like and comment if you have any questions. Thanks!
BINANCE:ADAUSDShort
by Cryptosuf