Bitcoin trade review Bitcoin touched 58500 and wicked down to 52981, finding support at 54k. Within nearest days we may expect BTC to bounce for re-test of 56k - 57k range. Won't be surprised if that week BTC will wick down to ~47.5 - 50k. If any longs open at higher levels average cost and close on that bounce. Dips are for buying but hold yourself from FOMO and don't touch green candles and breakouts as they are for selling now. Market will be choppy.
Cryptocoin
Pancake Swap ($CAKE) Hitting New Support Before HUGE UpswingPancake Swap ($CAKE) is heading to at least $13.45 where I believe it will experience some significant that resistance that could push it into channeling between $11.90 and $13.25 for a little bit while it cools off, but testing all ATH in the next week or so is entirely possible.
My idea is to sell 50% at every resistance line and buying back in on the next support down.
This should allow me to add to my coin count for the same cost as we go up the hill without taking all my chips off the table in case of a run right one of them.
The line graph is nothing exact, only there as a visual representation of the general movement I plan to see on the way up.
NXT/USD Crypto breakout soon?!!?Using custom scanner and technical studies, this one appears to be ready!!!!
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Tomo/usdt - Promising coin Part 2. TomochainHello dear friends - in the previous trade analysis, I wrote to you, and indicated the target ones that we all reached. Open trading recommendation, worked out, I look forward to continued growth. The important mark - 1.47 - if it is updated, there will be a lot of momentum on this coin, so be prepared for this scenario.
In a private trading idea, according to the previous position, all targets are achieved. X2.5
Now, as in the previous time, we also opened a long position. We are waiting for the update of the vertices. All attention to the level 1.44-1.475
Bitcoin: Breakout from Triangle Will Show Direction, down to 29kAs we can see on 1day chart BTC if forming a very nice symmetrical triangle. Altho, RSI is seeking support at the moment, we have a bearish crossover on MACD which could be a sell signal.
So where next? If BTC breaks the triangle to the down, we are for sure moving to 29k where we should test MA50. if it breaks above, we will test a new ATH.
Disclaimer:
- this is not any kind of trading advice
- I am a noob, this is for my learning and training purposes
Comments are appreciated.
Can we consider this formation of Shoulder Head Shoulder? LTC 4HTechnical analysis regarding the price of LITECOIN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price has been walking in a consolidated manner in this 4h period, however, it has its main upward trend, there was a bigger top just behind, and now the price has touched the support and is retracting. I believe it has completed its wave of correction and could rise again.
Can we consider this graphic formation of Shoulder Head Shoulder? If so, the price may retract and/or effect a continuation of high, forming impulse waves, where I projected the target that it can reach.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
AVAX is Heading to $11 or Come Back to $6?My main argument here is basically as long as trend line 1 holds Avax will want to go 11 dollars.
However, a bearish reversal is calling on the other hand. So I created a few more trend lines to follow.
I started to sell the AVAX that I bought from $3.2 to $5.5 above 9.
The red one will be the critical trend line that keeps bullish motivation.
The red box will hopefully hold the price in case of a retracement. In this case, I will follow 8.31 and 7.29 as support lines.
These are the levels I may buy again.
And finally, 6.12 to decide if the party goes on or not.
Origin Trail: $TRAC - Fantastic Buy Opportunity!For anyone looking for hidden gems in the crypto space, please do not let $TRAC go over your heads.
This is an asset with solid fundamentals, and technical analysis that screams BUY.
Technical analysis:
• Price has been on a longterm uptrend since December 2019, reached a new ATH in Sept 2020 and has since decreased to lows not seen since June 2020
• IMO this is probably a result of some very aggressive profit taking from speculative bets following BTCs new ATH because it bears no relation to the long-term outlook of the Origin Trail protocol
• I’ve outlined the key buy Zone which must hold for the Dec 2019 Uptrend to remain intact.
• Price has already rejected this zone with the w/c 4th January’s candle. If price holds above this level, then expect a bullish run towards the first resistance zone following a breakout from the pink downtrend line
Fundamental Analysis:
• Origin Trail has developed the Origin Trail Decentralized Network (ODN) which will facilitate the seamless exchange of data with integrity between companies worldwide, and has been operational since 2018
• Integration to the decentralised network is facilitated by the Network Operating System (nOS), which has already integrated legacy enterprise systems offered by Oracle, Salesforce, SAP and Microsoft Navision
• Over the last 10 years Origin Trail has been laying the groundwork for sustainable growth and adoption of their solutions through key partnerships. To name a few:
o Oracle (ORCL): the purpose of this partnership was to bring transformative blockchain solutions to Oracle’s clients through the integration of Oracle’s ERP systems and cloud services to the ODN
o GS1: the organisation that sets global standards for supply chain communication, created the barcode in the 1970s and is at the forefront of new standards for QR codes. This partnership is intended to create a decentralised database of every barcoded item in circulation around the world. Think ‘Google,’ but for supply chain data to be used by companies worldwide. Nothing even remotely close to this exists today!
o British Standards Institution (BSI): partnered with Origin Trail to deliver blockchain solutions to clients, thereby enabling them to demonstrate the authenticity of their compliance through immutable digital records of certifications achieved from BSI
• This is just to name a few. You can read more into their other partnerships with the Supplier Compliance Audit Network (SCAN), the Swiss national rail company (SBB) and plenty more, the list goes on...
• The value of $TRAC is directly linked to the adoption of Origin Trail’s solutions because it is the token that fuels the ODN. The company uses their interface to purchase $TRAC tokens directly from the exchange with fiat currency, and the tokens are purchased and used in the backend
There’s real potential for mass adoption of the ODN, and in turn a significant increase in the value of $TRAC tokens from current lows. SCANs members are some of the largest importers in North America with annual sales of $1.25TN. GS1 advises 2 million businesses globally. BSI has about 84,000 companies as clients, and partnerships with Oracle, Microsft etc grants access to the ODN to many more companies worldwide.
Origin Trail’s proven durability, its problem-solving technology, and strategic partnerships culminate in a real potential for mass adoption.
With a super low market cap of $50M, last close at $0.1455, you’ll understand why I believe this to be a real bargain buy!
Please proceed with your own research, and would be interested to hear some thoughts in the comment section below!
Many thanks all for your time :)