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Cypher

Dogecoin (Doge) | A Realistic And Huge Move Is About To BeginRejection from the resistance and strong support: From mid of April to May 2021 the price action of Dogecoin was very strong bullish. Finally, the priceline found very strong resistance at $0.70 and after being rejected by this resistance level the price action of Doge dropped to the support of $0.45. After some struggle, the price action broke down this support and then broke the next supports $0.36 and in $0.26 respectively. Finally, the Doge coin’s price stopped at the strong support at $0.16. At the moment it is trying to break out the next resistance of $0.26, this level was working as support now turned into resistance. Symmetrical triangle: If we switch to the small-time period 4-hourly chart, then it can be observed that the trend is being changed from down to up-trend. Now the price action is moving in a symmetrical triangle which is considered as a trend continuation pattern. Now as we are in an uptrend then the priceline may break out the resistance of this pattern for the trend continuation. In this situation, the target as per the symmetrical triangle can be $0.31. A big bullish Cypher pattern: On the weekly time frame chart, the price action of Doge has formed a big Cypher pattern. There is also 25 simple moving average support in the buying zone and the 50 SMA below this area. I have already shared this pattern a few days back. At that time the priceline of Dogecoin was moving in the buying zone. Now the candlesticks are moving above the potential reversal zone. It can be noticed that the buying area of the bullish Cypher is very wide. Therefore, we can also use the 25 simple moving average as stop-loss. However, the buying zone goes up to$0.1336. As per the Fibonacci sequence below are the buying and sell targets: Buy between: $0.2350 to $0.1336 Sell between: $0.3148 to $0.5065 As per the above targets, this trade has a big profit possibility of 279%, and the loss possibility is 43.4%, however, in order to minimize the risk we can use the 25 SMA as stop loss.
Long
by moon333
1
This Will Be A Legendary Move Of Litecoin LTCHi friends hope you are well and welcome to the new update on the Litecoin (LTC). Down channel: On the daily timeframe chart, the price action of Litecoin is moving in a down channel since 27 May. Recently the price action has reached the resistance of this down channel and likely to be rejected. I've placed the volume profile indicator on the complete price action moving within this channel which is showing that the price action is already moving in the area where we have very weak interest of the traders. Therefore, the break out is more possible than breakdown. However, after placing that Moon phase indicator it can be also noticed that the dark moon is showing the future price projection to the down side up to $110. But if the price action will be rejected by the resistance of this down channel then a formation of the bullish harmonic move is possible that will not let the priceline of LTC to drop at the support of this channel. Different support and resistance levels: After the powerful bullish rally the price action found the resistance at $400 level. Finally the pricline got rejected by this resistance and broke down the $300, $230, $200, $170 and then $140 support levels and finally stopped at the $110 support. Currently it is moving within $110 to $140 support and resistance levels. Harmonic Cypher pattern: On the weekly timeframe chart, the price action of Litecoin has completed the formation of bullish harmonic Cypher pattern. There are 25 and 50 simple moving averages in the buying zone as well. The buying and selling targets of this pattern are as below: Buy between: $144.48 to $91.49 Sell between: $186.18 to $286.33 Conclusion: Even though the price action of one of the leading crypto currency is not able to breakout resistance of the down channel. However, it is not confirmed yet that the priceline is completely rejected. It is still possible that the price action of LTC will be reversed towards the upside and break out the resistance of the channel and start a big move from here. A big bullish harmonic pattern is also favoring to the breakout from this channel.
COINBASE:LTCUSDLong
by moon333
You Will Never Regret To Buy Chainlink (LINK) At This SupportHey friends, hope you are well, and welcome to the new update on Chainlink (LINK). Moved at the support of broadening formation: The price action of the Chainlink token has formed a big broadening formation on the weekly time frame chart. The formation of this pattern was started in July 2020. If we take a look at the weekly chart, then it can be observed that whenever the price action is getting bounced from the support of this broadening formation it is reaching the resistance and forming the higher than the previous high. This time the price action has already touched the support, therefore, now the price action can start another move towards the upside to make a new high and touch the resistance again. Rejected by $50 resistance: On the daily time frame chart, it can be seen that after a long-term powerful bullish rally the price action of Link found a resistance at $50. After being rejected by this resistance the price action has dropped at $15 support level. Now the priceline is moving between the $15 to $20 support and resistance levels for 12 days. If the Bitcoin drops more, then it is possible that the Chainlink will again re-test has the $15 support level. It is a very strong support because previously it has been working as a support and resistance since August 2020. A big bullilsh Cypher pattern: While the price action is at the support of a broadening formation on the weekly time frame chart, at the same time the price action of LINK has formed a bullish Cypher pattern. There is also 50 simple moving average support in the buying zone and 100 SMA below the buying area. The buying and sell targets as per Fibonacci sequence of this Fibonacci based pattern are as below: Buy between: $23.65 to $16.78 Sell between: $29.04 to $42. 01 The maximum extent of potential reversal zone $16.78 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 150%, and the loss possibility is 30%. Conclusion: It is very positive in gesture, that while the price action is at the support of the broadening formation at the same time it has completed the bullish harmonic move. Yes it is possible that if the Bitcoin drops, then priceline of Link can again test the support. However, from the potential of this big Cyhpher, the price can move up and can set a new high.
Long
by moon333
1
Dash coin has formed a huge Cypher for upto 215% bullish moveHI dear friends, hope you are well and welcome to the new update on Dash coin. Previously we had a nice trade of the DASH coin when it formed a bullish BAT. Now on the long-term monthly time frame chart, the price action of Dash has formed a big bullish Cypher pattern. There is also 25 simple moving average support below the buying zone. Buy and sell targets: Buy between: $196.25 to $123.72 Sell between: $253.34 to $390.43 Stop loss: The maximum extent of potential reversal zone $123.72 can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a big profit possibility of 215%, and the high loss possibility is 37%, however at this time the risk is low as the price action is already close to the end of the buying zone. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333