Crytpocurrency
MATIC/USDT Enter Long 📈Was on my watchlist for more than a week and I wanted to see the EMA200 hold.
EMA50/34 pushing well and we're on a good demand zone.
ADA/GBP 4HCardano (ADA) / Great British Pound (GBP)
4H time frame
As you can see Cardano is going in a bullish direction. I believe there will be a tiny resistance that will lead to a short downtrend towards the 1.1000 mark before turning around back into its bullish direction towards 1.3000 - 1.3500.
If you have any questions, tips or opinions about my analysis please feel free to comment below or send me a direct message.
THIS IS NOT FINANCIAL ADVICE
Thanks guys
The Crypto Planet
TOMOUSDT - UPDATE
TOMO is in a strong uptrend on the daily timeframe and has recently provided us with a nice deep correction to form another new higher low. On the 1hr timeframe we can see during the correction the price has formed a falling wedge (bullish pattern) into a strong area of demand, this is a great area to load up on this coin.
Chainlink Link/usdt shortCrypto market has been rising for 11/12 days without taking a break,so it is likely a small pullback before rising again.The price got rejected by EMA200, RSI is almost at oversold area and the price is at the top of the bollinger bands.It is possible to set a short position with a entry near the top of the wicks of the last 3 daily candles and a stop loss above EMA200 that is acting as a resistance.
BTC testing the resistanceOn the 2 hr chart we're in a wedge pattern showing signs of a strong uptrend over the last 6 hrs, now we'll need to see if we can continue this trend through the top of the wedge.
Or if were going to lose momentum & get a Pullback to the lower resistance, I do believe we will see 1 more large pullback before we get on a nice bull run.
DOGE - Buy the FEARLooking more and more like a bottom forming on DOGE and my take is it will back-retest the low $0.16xx once more before actually reversing to the upside.
Note: Selling volume is/has dried up. RSI and other indicators pointing up on the daily. High volume support exist here from the mid April run-up on DOGE.
Waiting for confirmation/retest.
Not finacial advice.
Ascending Triangle breakout to the upside for BTC??!!??On the RSI Bitcoin appears as though it wants to break the downward sloping resistance of a descending triangle.
The upward sloping support of the ascending triangle has seen multiple touchpoints, and the more a trend line is tested the more likely it's going to be broken, the same goes for the horizontal resistance.
The KST is displaying a bullish cross where I have placed the green downward-pointing finger. If you zoom in closely it'll be more noticeable, and it's coinciding with breaching the downward sloping resistance of a similar pattern on the RSI.
It's always possible we see a bearish scenario, I will link a recent post displaying a more macro bearish perspective, but on a micro-level, there's definitely some bullish potential.
BTCUSD : Still Long / Bullish ?So... on BTC, my bullish setup is as follows:
EW wave 1 with 5 waves has completed then after we seen an ABC correction that we forecast has ended @68.1 so long as it does not break below 68.1 if it does then we are forecasting that our wave 2 then will be @78.6 where then we will be looking for another different buy setup if there is.
but for the current setup we then currently see the market @78.6 of the lower degree waves where we are forecasting that we'll have our 1 & 2,3,4 till 5 of Wave 3 of the Higher degree.
Please remember market structures change so Trade Responsibly and Don't forget to use your own Risk management.
Also this is my bullish forecasting as i also have Bearish forecasts as well incase bulls fail, so i will be updating you gyus, dont forget to like,follow and share. Dankie