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WHERE will Zcoin go if it breaks this Channel?!FA: Z Coin has a halving expected in September Node and Protocol updates in the next few quarters TA: ZCoin has been trading within this channel for some time, with the help of the price movement from their expected halving and upgrades alongside an altcoin upward trend; if this was to breakout of this channel it could approach ATH. Final Notes: Not a good entry here, treat this as a breakout trade or if there is no breakout, buy the retraces on lower time frames. Another thing to note, is the final verdict on privacy coins by the Governments worldwide. Always enjoy, doing charts for you all, stay safe, manage your risk. PLEASE. SHARE/LIKE/COMMENT with your ideas -Megalodon Whales BINANCE:XZCBTC BINANCE:XZCUSDT BINANCE:XZCETH HITBTC:XZCBTC
X
by BoSukas
"Good Alts" VS "Dead Alts" Part 2At the end of 2019, I created a study showing the relative performance of certain altcoins, to see if it would have any impact on future price potential. Lo and behold, VeChain has moved up by over 100% since then, while Waltonchain has dropped by about 30%. Indeed, the study predicted that VET would perform better, and that Walton would continue to make new lows. Here is the original post: Previously, I also made an analysis showing why VET could make an impressive parabolic move, similar to XRP in 2017. Right now, we might be seeing the beginning of such a move, but it depends on whether or not the rest of the crypto market can hold up, given macro economic conditions. With a similar token supply and FOMO factor (lots of current positive news, similar to XRP in 2017), there's no reason why VET can't be valued similarly (or higher) than XRP is currently. Here's the original VET/XRP comparison: In this current analysis, I will continue to compare alts that have maintained or stayed above support from August, 2018 with those which have ventured to new lows. The reason I'm using August 2018 as a reference point is because I believe it to be the first moment where many "long term" altcoin holders capitulated. The volume on that dump was massive, and many coins were bought up, resulting in sizable 300-500% moves for many over the ensuing weeks. After multiple liquidity events since then, I think it's interesting to look at which alts succeeded in maintaining those supports, or even heading to new highs. As you will see, some alts are only just now heading back to those support levels. Even though the crypto market tends to move in tandem, there is a clear class distinction between different altcoins. The purple box represents the broken price support from 2018, and the green lines represent important hurdles that must be reached for the respective coin to exit the bearish trend. This study is to also see whether the relative price performance impacts future price appreciation potential for these given cryptocurrencies. For VET vs WTC, it's worked out so far, but with Bitcoin Dominance looking relatively toppy, it'll be interesting to see if any of these "Dead Alts" make significant comebacks, particularly those with established track records, like XRP, XLM, and LTC. NANO vs GVT Despite heading to new lows briefly this year, NANO has impressed the market with a substantial run back above the long term $0.70 support level, which was first tested in August, 2018. Meanwhile, Genesis Vision continues to underperform. I've noticed that a lot of price performance is directly related to community activity. This observation has led me to pick certain coins over others. GVT and WTC had been part of my crypto portfolio, but I let them go due to community activity and sentiment. Part of why NANO might be holding support rather well, given its lower exposure, could be due to the strength of their community. LINK vs LTC Yet another example of community sentiment prevailing. Litecoin has had little to no development. It is also becoming outclassed by other cryptocurrencies that are gaining more liquidity and speed. Although LTC may continue to be a major player in the space due to liquidity and brand-recognition alone, their community and progress doesn't bode well for relative price performance. BAT vs XLM Again, BAT and Brave have achieved a lot of industry recognition and community support, whereas XLM has lost a lot of its rocket power. I'm still a big supporter of Stellar, and I'm seeing some positive signs in terms of recent price action. Some of these underperforming coins may not underperform forever. It depends a lot on recent price action as well, and which coins have made strong comebacks since the March 12th liquidity event. Another point here is to see whether some previously underperforming crypto assets can reverse course and start outperforming. XLM has achieved this in the past, while BAT still has no history of long term, sustained, price appreciation. ADA vs XRP This an instance where progress has been rewarded. Although Cardano's recent price appreciation still hasn't been enough to get it quite back to desirable levels, it's doing miles better than XRP. It should be noted that XRP behaved similarly prior to the 2017 bull run. I'm looking forward to see if there comes a time where XRP outperforms the market again. This would give me some great trading opportunities to increase some of my other positions, since I do hold some XRP. If ADA can break this resistance level, I think it can head further into the top 10 by market cap. Perhaps it can even take some business away from Ethereum once it's up and running. This is one I will continue to watch, and perhaps scale into a position over the coming months, depending on how my portfolio performs and whether or not I have excess capital available. BNB vs ETH Even though BNB has underperformed somewhat recently, it's still well above its bottom from August, 2018, while Ethereum still cannot sustain above those levels very well. This pair is an example of one where the tables might begin to turn soon, unless BNB begins another massive upswing. For now, Ethereum has a bit more attention, with more developments coming within the next 2 years. Since it has a lot of liquidity, I wouldn't be surprised to see whales entering some large positions here. XTZ vs ENG Tezos is a promising new blockchain with a cool "Liquid Proof of Stake" mechanism. This allows the chain to be self-mutable, meaning it can update itself without needing a fork. While it doesn't have much adoption, the team has plenty of funds, since it was one of the most successful ICO's back in 2017. Enigma, on the other hand, is an example of a relatively dead project. Their current chain is essentially obsolete investment-wise, seeing as they were sued with Securities fraud. With low liquidity to boot, it'll be interesting to see if ENG can see any sort of price appreciation, just in terms of pump and dumps or misplaced speculation. ZIL vs IOTA ZIL has done quite well recently, but even with this pump, it's only just back to August, 2018 levels. That's pretty impressive (and not necessarily in a good way). IOTA, by comparison, has underperformed. Perhaps it can achieve some of its former glory one day, but community sentiment isn't entirely great on that one. Anyway, that's it! Let's see what happens. Perhaps in another 6 months I'll do another update on this study. There's still a lot of risks in markets, so I wouldn't be surprised to see yet another liquidity event/shakeout before the summer is over, though the market is doing well at the current time. This is not financial advice - meant purely for speculation, entertainment, and education. Thanks for reading. Please check out my other recent ideas and follow me, since I'm really trying to focus on quality over quantity at this time. -Victor Cobra -Victor Cobra
BINANCE:VETUSDLong
by VictorCobra
4
análisis para el fin de semana del 13/6 al 14/6 después del análisis anterior donde indicamos que no creíamos que iba a pasar los 10k teniendo una caída hasta los 9.100k aproximadamente,después de que se estabilizara, hemos vuelto a analizar el mercado sacando este análisis par el fin de semana. En este análisis tampoco creemos que vaya a superar los 9800, dado que tiene un OB bastante fuerte, nuestra recomendación es que a medida que vayamos tocando los take profit vayamos moviendo el stop en ganancias así si el mercado da un cambo inesperado, no perderíamos dinero. saludos y buenos profits!!!! Bunker trading academy..... si quieres entrar en nuestro canal de señales gratuitas, solo tienes que ponerte en contacto con nosotros, disponemos de cursos de iniciación, scalping y nuestra técnica matemática, con la cual podrás predecir la dirección del precio y saber donde y como entrar en las operaciones!!!! NO DEJES QUE TE DEN LOS PECES, APRENDE A PESCAR!!!!
BYBIT:BTCUSD.P
by BecarioD4L
Short Scalp for ETH/USDDay traders pay attention! This is a really nice scalp opportunity. People who only care about fundamental analysis shouldn't read this. Purely based on TA we can find a nice opportunity here for a short position. The price has closed in on the important $240 level, where we have seen historical strong resistance. Important to notice is that this is not just a price based resistance level, but also a psychological resistance level. We already get a small confirmation of a retracement, so this is a great moment to enter such a scalp. Leave some room for error by placing the stop loss slightly above $240. For the take profit I chose a price slightly above the important $225 level. By putting it a bit higher we maximize the chances of our limit order to get hit. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDShort
by Trading-Guru
7
ADAUSD, Pullback expectedIs it worth investing in Cardano? The purple line shows changes in the total capitalization of the cryptocurrency industry. In other words, it is the index of the cryptocurrency market. Back in 2019. At the beginning of the year, Cardano was strong. The increase from 3 cents to 9 cents showed stronger dynamics of ADA compared to the overall market. However, since the first of May and ending the first of July the market began to change. In those days, (formed a red circle) Cardano lost the role of leader. That range is indicated by red arrows. You can see that in this period there were very high trading volumes. And immediately after that period of the ADA fell under the purple broken line, showing that it has ceased to be the driver for the cryptocurrency industry. This can be interpreted as the area of distribution. That is the period when large investors get rid of the asset, arguing that it is overvalued. The entire second half of 2019 Cardano was acting weaker than the market, slowly sinking to the levels about 3 the price per coin. Please note that the volume steadily dried up, due to the likely exhausting of the pressure of sellers. Then came recovery. The coin rose in price on increasing volumes at the beginning of 2020. This is a positive dynamics, showing that levels of about 3-4 cents per coin are the fundamental area of support where weak supply gives way to strong demand. However, in conditions of extreme volatility caused by the spread of the coronavirus, a coin fell below 3 cents and even reached 2 cents. Look at extremely high volumes (indicated by the first green arrow), this is the maximum volume on the chart and what is very important is a relatively narrow range (the difference between the low and high). This means that a large investor had absorbed the whole stream of sales due to short-term panic. This investor knew exactly what the level of 3 cents per coin is extremely attractive. Moreover, he likely possessed insider information about the upcoming good news. That is why we see a price recovery after the first green arrow, and the second green arrow indicates the release of positive news and the high profit that a large investor received in a short period. What to do next, what are the prospects for the moment? Cardano is trading near the resistance level, which is indicated by a thin red line. This resistance lasts for many months. It was tested in February 2020 and most likely that it will act as an obstacle to growth in the coming days, so the bullish momentum that developed from the lows of 2 cents per coin has a high chance of running out. Therefore, the pullback scenario is now more likely, and the opening of long positions on this coin will be more appropriate when receiving a signal that the pullback has ended.
KRAKEN:ADAUSDShort
by fintechzoom
BTC shows its strength.Observing the bullish channel that formed since March, on the 13th, we can observe that on the 7th of May, when reaching the value of $ 10,000, the currency not only broke, with 90% strength in the RSI, as in the days that followed in its correction, 11 and 12, the price rose again without touching the baseline. It is also worth mentioning that by reaching the value of $ 10,000, the currency was able to exceed the average price of the resistance zone. This undoubtedly shows a lot of market willingness to buy the currency. And without a doubt, no matter how strong corrections there are in the medium term, in the long run the recommendation is to buy.
Long
by EricksanPimentel
2
How far is it going?At times like this I ask myself a few questions. Why do people get so upset with me when they ask me for an investment recommendation and I talk about cryptocurrencies? Is 12 years still not enough? But ok ok! Let's talk about what matters. Still crossing the resistance area, where the currency reached the zone average. I honestly can't wait for anything after $ 10,500 in addition to the correction. More precisely, it stopped being the point of purchase a long time ago, now even less. As for the peak of December 2017, which is unfortunately not available on the Binance chart, we will talk after the correction.
Short
by EricksanPimentel
Bearish Engulfing PatternHello, hope all is well and everyone is healthy. I wanted to update all of you on my thought of ZRX. So looking at the 1 day chart there is a bearish engulfing pattern, a sign of a large downtrend. Couple this with the fact that BTC, whose behavior effects ZRX, is in a bearish flag and despite a decent amount of volume the price is struggling to keep any upward momentum without being pushed back very quickly- a sign of an emerging bearish trend. I will add that looking at the RSI for ZRX, it is very high(70 at this moment) even with a substantial decline in price. Which again, is bearish. Bumming people out is not my goal here, I am just making a couple simple observations and want to share because in the short term, the next two weeks or so, there is definitely a chance crypto turns into a bear market. Because of the halving, there is no doubt in the long run we will see very large price increases and an ensuing bull market. These things take time though, months or more to fully play out. It wont happen over night. With that said, I could absolutely be wrong(see quote below) so make sure you do your research and prepare yourself and be safe trading guys. 👍🏻 There is a very famous saying in trading- "The markets can stay irrational longer than you can stay solvent". Remember that. Who knows what the market will do, I am simply speculating one thing it could do, please do not trade based on this. Thanks for reading, - Max K.
COINBASE:ZRXUSD
by MaxKoke
1
REP in descending Triangle??? To $7 Hello REP Traders! I am new to REP but I wanted to check out the current state of the market and see what might be happening within the next couple of weeks. Just a simple analysis on the day chart, it looks like we are in a descending triangle. The recent price action I think supports this with a move downward. Possibly falling to the bottom of the triangle at $7.06. The RSI also supports this formation. I show a downward motion at the point of the triangle because of the fact that a descending triangle is predominately a bearish formation. Because of the length of time left before we will know for sure I am neutral. Tell me what you guys think! Trade safe and please do not trade based on this. Thanks, - Max K.
R
by MaxKoke
ZRX Descending Triangle ZRX has a clear descending triangle . The one hour chart shows several key bearish candlestick patters, most recently a hanging man candle stick. There is resistance around 0.36, however looking on the day chart, the RSI is completely maxed out around 80 at the time of writing this. It is certainly possible we retest the 0.50 cent area, on the 1 week chart there is major resistance around 0.55 cents. Please do not trade based on this information. What do you guys think about ZRX? Thanks, - Max K.
COINBASE:ZRXUSDShort
by MaxKoke
8