XRP long Trade Interesting setup here on XRP. I normally don't trade this coin, but its chart has been showing something very interesting. There seems to be a big move stirring up.
Looking at the 2D RSI, we can see that we are oversold. Also, if we look at the past year, we can observe that significant moves have occurred from these RSI levels.
Currently, XRP has closed three 2D candles above its old resistance, flipping it to support. This is a bullish sign. Additionally, the 0.75 Fib Fan is holding strong.
XRP is exhibiting some very interesting behavior on a macro scale.
. It seems to be following a fractal from 2015. I have been monitoring this all year but haven't conducted a technical analysis on the macro outlook yet. However, it seems that a price of $13 by 2025 is very possible. It appears to be quite bullish, similar to the previous one.
As always, if you're interested in trading , I would suggest buying XRP3L tokens on Bybit and then sitting back and relaxing. However, keep in mind that XRP tends to have massive swings, so there is a high chance of getting stopped out on normal leveraged contracts.
Cryptos
How many times....At this point , atleast for me since I been looking at these patterns for years its easy to spot when we are going to have reversals , its the same protocol guys
1. Mass FUD
2.Create Fear
3.Flash Crash
4. Reversal
rinse and repeat over and over again. The bigger the timeframe and larger and reversal.
Ripple Multi Time Frame Analysis - 4 hourly chartRipple Multi Time Frame Analysis dear Crypto Nation - here you are🤗
1/3 - 4h chart:
After a bullish EMA20 & EMA200 cross both lines might come close together again at least.
A bearish correction to FIB golden pocket and Volume profile to $0.46 would be still healthy.
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Reasonable Crypto Trade on weekly ZEC chart?Reasonable Crypto Trade on weekly ZEC chart?
Risk/Reward Ratio = 15
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Binance Coin Can Be Finishing A Larger Bullish TriangleBinance coin is trading sideways for more than 100 weeks, similar as back in 2018-2020.
We see it as a long corrective consolidation within uptrend, ideally as a larger bullish triangle pattern in wave (4) that can take the price higher for wave (5) in the near future.
Despite recent negative news that U.S. regulators sued Binance and its CEO Changpeng Zhao for breaking the US securities rules, we can actually see it now trading in final subwave E of (4) that can find the support around the lower triangle line and base channel resistance line. Binance is actually already bouncing back with comments »We will defend ourselves against the SEC suit vigorously. The SEC lawsuit is baseless. We remain open to a productive compromise." So, don't get bear trapped and be aware of a bullish resumption into 5th wave in the second part of 2023.
MASKUSD: Triangle breakout can get it to $7.00 fast.MASKUSD is trading on a Triangle pattern at the bottom of the long term Channel Up. Supported by the 1D MA200 and resisted by the 1D MA50, the 1D timeframe is technically neutral (RSI = 49.176, MACD = -0.028, ADX = 27.319) and the next breakout can deliver a big move.
We will ideally wait until R1 breaks and buy targeting the R2 (TP = 7.17500). The 1D RSI shows, that the market has already bottomed.
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ETHBTC: targeting the top of the Channel Down.ETHBTC is consolidating right now on neutral 1D technicals (RSI = 55.810, MACD = 0.001, ADX = 53.149) supported by the HL trendline. A bounce on the 1D MA50 would be ideal for a new buy, but if it breaks the trend turns bearish. Until it does, we are bullish, targeting the 0.9 Fibonacci (TP = 0.07200) as it happend on January 2023. But of those where the bullish waves inside a long term Channel Down.
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BTCUSD has a mid rally consolidation. 39-49k possible next.Bitcoin is consolidating under the 1D MA100 but on the LL trendline that started early at the end of the last Bull Cycle. We are on the 1W timeframe where the technical indicators are neutral (RSI = 53.611, MACD = 1576.400, ADX = 26.280) suggesting that on the long term this is a solid buy level.
So far it is following the trading pattern of the previous Cycle fairly well as, though longer, this consolidation is also under the HL trend-line. Both Bear Cycles were in a Triangle on their early stages and their bottom was formed on a Cup pattern. In 2019 when the price crossed over the 1D MA100, it reached the 0.618 Fibonacci level and even overextended to the 0.786 Fibonacci level. That suggests that the next high can be in the range of 39,000 - 49,000. After that if it continues to follow the pattern of the previous Cycle, we should see a long term consolidation supported by the HL trendline and the 1D MA100, until the next (May 2024) Halving when the parabolic rally can start.
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STXUSD Making a strong bullish breakoutSTXUSD / Stacks crossed yesterday over the 2.5 month Channel Down and today over the 1day MA50 for the first time since April 14th.
This is second buy signal after the rebound 2 days ago on the 1day MA200.
Buy and target Resistance A at 0.82000.
If the price then closes a 1day candle above Resistance A and pulls back near the 1day MA50, buy again and target Resistance B at 1.010000.
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Arb dollar short Having plot muly analysis and make it easy for everyone to understand and take position 😉
Yesterday pump to the upside normal happens in the market, when you check if from a daily timeframe then you will know where the market is actually going
Spirit of the living one, make us profitable
Bitcoin Long Trade 20230606 Bitcoin Long
Risk / Reward: 4.99
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Below 28.5k: Shorting Opportunities, Longs at 26k+ for 30k+Hey everyone, let's take a moment to discuss the current BTCUSDT levels and the exciting trading opportunities they present!
As we've mentioned before, there are two important levels we need to keep an eye on. First, below the 28.5k mark, we have some intriguing shorting opportunities. This means we can potentially profit from downward movements in price by entering short positions.
On the other hand, we have our long positions. Once the price reaches the 26k level or drops below it, it's time to unleash our long positions and ride the upward momentum. This opens the door to potential profits at 30k and beyond.
Trading always involves risks, and it's crucial to approach it with a well-informed strategy and a strong risk management plan. Stay updated on the latest market conditions, conduct thorough analysis, and adapt your trading approach accordingly.
If you find this information valuable, please show your support with likes/boosts. I'm also eager to hear your advice and comments as we navigate these trading opportunities together. Let's make the most of this market situation! Stay tuned for further updates and insights.
BTCUSD Best to trade after an MA50 (1d) break out.BTCUSD seems to be attempting a Low at the bottom of the 5 month Channel Up in order to stage a rebound.
The price is stuck between the MA50 and MA100 (1d).
We haven't had a (1d) candle closing over the MA50 since May 6th.
Trading Plan:
1. Buy if the price closes a (1d) candle over the MA50 (1d).
2. Sell if it closes under Support (1).
Targets:
1. 31000 (Resistance 1).
2. 23850 (expected contact with the MA200 1d).
Tips:
1. The RSI (1d) is trading under a Falling Resistance and the action is getting too tight and narrow. This indicates that we are bound to get a strong break out soon, regardless of direction. Be prepared for both probabilities as per our trading plan.
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Notes:
Past trading plan:
INJUSD Channel Up continuation, buy opportunity.INJUSD maintains the Channel Up pattern that started on the January 1st bottom.
The MA100 (1d) has been its clear Support since January 21st.
Trading Plan:
1. Buy on the current market price.
2. Sell if it breaks under the MA50 (1d).
Targets:
1. 14.95000 (Resistance 2).
2. 5.0000 (expected contact with the MA200 1d).
Tips:
1. The RSI (1d) is trading inside a Triangle. If it hits its top before the price reaches 14.9500, then close the buy regardless. Use the Triangle's tops and bottoms to your advantage for sell / buy entries.
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LDOUSD Be ready to buy the pull back or the break outLido DAO / LDOUSD is inside a short term Channel Down pattern that is within a larger Channel Up.
The price is now near the top of the Channel Down. As long as it stays under it, short and wait for a lower bottom but at 1.5000.
If it crosses above the Channel Down and closes a 1day candle, buy the break out.
In both cases, target 3.5000.
In 1day RSI terms the two bearish waves are identical and this implies that there is one last Low left to make.
Previous chart:
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BTC heading towards 24,400On the weekly timeframe, a trail of Elliot Waves show that upon completing the downward Elliot 1-5 wave to the 15k level followed by an upward wave to 31k, BTC is forming a new 1-5 downward wave, As per the Fib Extension, the third wave is prognosticated to end towards the 24,400 region and then retracing towards 25,300 before the final leg down to test the previous strong resistance levels at 23,800. The time range for the third wave would be in the summer months of June/July, particularly from 26th June to 24th July.
To confirm this, MACD is also about to make a death cross and head towards red indicating a downtrend to be around the corner.
Dogecoin Chart Pattern Suggests Volatility Explosion AheadDogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end.
Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility
The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average.
When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction.
Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction.
It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish.
Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.
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ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years.
If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible.
Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below:
The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken
Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon.
If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.