ADA long$ADA broke through the resistance level which now becomes the support. It is also bouncing off the ascending trendline and continuation if bullish movement to next resistance level at 0,97$ is expected to happen.
Crypto-trading
JASMYUSD Long ScenarioJasmy made a huge move up recently, making an extended third wave of Elliot Wave analysis. I spotted a triangle which is a correction/wave 4.The price now is near 0.382 Fib level so I expect a bounce after triangle is finished. I would buy when the price breaks the triangle upwards and put stop below "E".
What do you think about it? :)
$BTC Analysis, Key Levels and targets… $BTC Analysis, Key Levels and targets…
So bouncin’ around a bit around the mid length 90 EMA…
I can see it maybe hanging above it a little bit longer before starting lower again… Between here and where the arrow points there’s 4 rate hikes I believe… so money will be harder to borrow and the economy will slowly start to retract. Well, maybe slowly at first… 27k is where I will be adding…
Might add a little at 32k but that’s pending what’s going on in the world at that time… truly looking to 27 for now…
I’ll try to post a closer dated swing, but I don’t know… not feeling this at the moment…
And of course... i would love if it went under 20k again... it's been a while since I've seen those numbers... but you never know...
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
AAVE 2.5 Month Trendline Breakout Calls for a ReversalAAVE was the best performing crypto in the last 24 hours, gaining almost 13%. AAVE's gains are no coincidence, coming as the result of a classical trendline breakout signal that has the potential to signal a bottom.
Trendline Breakout
This is a fairly notable trendline, both because of its age and because it connects all the peaks printed in 2022. The breakout can signal a major shift in the market sentiment, but the bulls still need to clear the next major hurdle that comes around the $150 – $159 SR zone.
RSI Momentum
Yesterday was a big reversal day that was followed by a break of the RSI oscillator above the 50 mid-level. In mid-January and at the beginning of February, we had two failed attempts to break above the RSI 50 level.
However, the sizeable bullish candle printed yesterday can signal that the outcome would be different this time.
Looking forward: If the bulls manage to clear the $150 big psychological number, it will open the door for a possible test of the 0.382 Fibonacci retracement level, which perfectly aligns with February's peak. Ideally, we want the RSI oscillator to hold above the 50 mid-level to increase the chance of the current rally to extend.
AVAX long$AVAX just broke through the descending trendline. Bullish movement to resistance level at 90$ is expected to happen next.
XRP longRIPPLE broke through the descending trendline. Bullish movement is expected to continue amd reach the resistance level at 0,84$
long on ATOM$ATOM is bouncing off the strong support level. Bullish movement to resistance level at 33.7$ is likely to happen.
long on ADA$ADA had a massive accumulation in the 0,78 - 0,8$ area and after the bounce off the support level is now breaking through the descending trendline. In the case of 4h candle close above the trendline, bullish movement to 0,85$ is expected to happen.
KNC long$KNC is bouncing off the support level and the lower boundary of an ascending channel. Bullish movement to upper boundary is likely to happen next.
long on SCRTRetest of the broken descending trendline on $SCRT confirmed the breakout by bouncing off with the huge volume spike. Bullish movement is expected to continue and reach the resistance at 5,7$
CAKE is bullish$CAKE is testing a strong support level. After the bounce off the level, bullish movement to the resistance level at 7$ is likely to happen.
Long on XRP$XRP bounced off the strong support level and broke through the descending trendline. The retest of the broken trendline is happening right now and in case Ripple keeps holding above it, bullish movement to resistance level at 0.8$ is expected to happen.
$RUNE long$RUNE bounced off the ascending trendline and the support level. Bullish movement to resistance level at 6$ is likely to happen.
Luna LONG$LUNA is bouncing off the Fibonacci 0.382 level. Bullish trend is likely to continue and reach the resistance level at 96$
Long on $ETH$ETH is bouncing off the strong support area. Previous two times bears tried to push the price below this level were supported by short-term reversals supported by huge volume spikes. This bounce can bring the price of $ETH up to resistance level at 3300$
BTC TA MARCH 5 2022BTC is still looking pretty bearish, altough I do expect it to probably go up to 40-40,5K before dumping again to 35K, yesterday i posted on twitter to take profits near 38,5K and congratulations to those who followed the trade and made profit. If the price gets above 41,5K we will most likely see a 45K retest but this scenario is very unlikely as indicators are all bearish at the moment. For trading this current movement I would wait for price to hit 40-40,5K and short it, but set a stoploss with good risk management as the market can be unpredictable.
SOLANA Completing a 7 Month Inverted Cup and Handle SOLANA (SOLUSD) looking to complete a 7 month inverted cup and handle pattern. When the handle breaks under support, then retests it, if it rejects there, down we go. The link here explains the concept and how to trade it better than I can. Let's see how this plays out.
Btc short I think key level is around 40000 on hourly chart. Short btc if you think the same. But be careful it is not a advice. I am just sharing my idea
Bitcoin looks bullishRetest of the broken level is now happening on BTCUSD chart. Bitcoin is also bouncing off the ascending trendline. Bullish movement to resistance level at 44700$ is possible.
COTI long$COTI broke through the strong resistance area formed by the descending trendline and the resistance level. After the consolidation, bullish movement to 0,28$ is likely to happen.
ICP short$ICP is bounced down off the descending trendline and the resistance level. Declinbe to support level at 16.92$ is possible.
