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ETHUSD retesting 500$ ? Last time we had a wedge on the 4h chart and it went bearish. Time for an analysis on the bigger picture on the daily chart: - closing candle below the 21 EMA. - RSI touching on the 50. - MACD crossing bearish. Next support level is around 540$, but imo we can go lower to retest 500$ (ofcourse a big even number). It's close to the green support line, would be a healthy touch before we go back up in the long run. So are we getting into a potential buy-in zone?
BITSTAMP:ETHUSD
by NickMoons
1
NZD/USD I ANALYSIS Dec. 20Hello Traders, here's an analysis of this pair. Let us know in the comments section below if you have any questions or share your thoughts. Red is sell zone, white it take profit zone, and grey is buy zone (if shown). Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please simply "like" or comment on this trade idea with your thoughts/feedback or questions. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
Chainlink show a reversal toward $11.80 USD!!!in this technical analysis, Chainlink it's still showing a bearish price action that speak us and we would need to take watch out this hide side that people don't understand. So guys, first we see in 3 Daily chart that Chainlink was break down a past bullish channel and then, we are entry into a new down of the trend maybe to take a good short opportunity. Now, the only consequence it's in Daily timeframe that I want to enfocous in this part. My other expectative are these targets to reach down. The target's are $11.80 USD and $10.50 USD. And also, my other perspective it's that Chainlink could formed a possible bullish rising wedge and that it's good, because we could to entry in this accumulation zone to continue accumulating Chainlink if you're not buying yet. But, if my prediciton it's okay that we're form a bullish rising wedge, we could see a good profits to reach up in the medium term. But the only evidence it's that price action in H8 or H4 show sell inminent. Look, an example of H8 it's that show bearish price action reversal, so guys, we hope that Chainlink goes to the $11.80 USD, that it's my first target to reach down!!!
COINBASE:LINKUSDShort
by harisonhbn9718
BTC correction (daily) 1. Breakouts have two component: breakout candle(s) and confirmation candle(s); confirmation = the opposite of trend ---› correction 2. The acceleration shows a crazy psychology behind the scenes, thats why the correction follows the acceleration 3. RSI bearish divergence The 50-61.8% zone of the break out wave is important, but I think the correction of ATH will convert the euphoria of ATH to panic, therefore I think the correction will bigger than the 50-61.8 zone. The weekly chart shows a normal breakout candle, the next week can be the confirmation. *LTC=level tester candle
BITSTAMP:BTCUSDShort
by cortexcerebi
1
XRP Spring Is Set --> Soon To ReleaseDaily chart showing major consolidation over the last few days. We are set to make a big move very soon. This trade could go either way but due to where we are in overall crypto market cycle (dominated by BTC and its 4 year halving's) I think the Bulls will regain control of this market for the foreseeable future. Corrections and sell offs will happen. They are opportunities to take profits or increase your position. Santa might bring a little gift called xrp moonshot but only if Mrs. Claus allows.... TIME WILL TELL ALL. Best wishes.
COINBASE:XRPUSD
by MitchMilli
1
GBP AUD - brexit boost or slump?Hello traders and analysts, Here is our Daily timeframe scenario - With the strong Aussie position against the USD - we can see into 2021 - the aussie maintaining the strength. However - the fundamentals can show a good brexit outcome will advance the GBP back to 1.84 zone In the meantime the monthly shows the monthly zone between 1.67 - 1.62 for the GBP AUD so keep in mind this can be a long term point of overall bearish bias. But if price shows us on the weekly within the green zone - break or bounce (so far bonce) - await the weekly close to determine an entry point on the higher time fame. all the best, Team Lupa.
by LupaCapital
ADA/USD Looking Like A Nice Trade.. Check It Out!Welcome everyone, My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. It's 100% Possible. Let's Talk ADA/USD The daily RSI right now has reset extremely nice creating a hidden bullish divergence in a supposed 4th wave that offers a nice buy. If we don't see a break upward and follow through and start to see signs of failure instead then it's a key note to dip out, however this is what I like to see to place my bets. I think ADA has another leg up to do. It's important to prepare for either scenario though, what to look for if it starts to fail and what the south targets are. Notice the 2 white counts that basically offer pullbacks and further continuation upward. It's the purple count that will obliterate everyone if not prepared. So I want to make sure the bulls defend all previous daily lows and keep the higher lows in tact even on this pullback if it decides to retrace further. Wave 4 can't go into wave 1 so that's our invalidation mark for the white impulse wave and I'd be looking to the purple count as a likely scenario if we break the .08 cent low. Signals printing a buy now in my opinion with a stop loss down at .113. As always, not financial advice, but this is how I'm looking at ADA/USD through an Elliott Wave lense.
KRAKEN:ADAUSDLong
by NewWave_Traders
1
Clearify your doubts; Bitcoin still bullish for limited time!!!Ok, looking my technical analysis, the Daily candlestick was closed up with indication bullish. So guys, please you can to get benefit of this trend because maybe we can to see that Bitcoin make any prove to the $19,000 USD level as prove to break up. But still await that in medium term it's bearish. Look. If we see the H4 timeframe. We can to see that Bitcoin it's show any resistance for bulls part that indicate that many bulls want to make resistance of the chart. And I believe that the price it's find up the bearish line that I mark here. Now, this it's my scenario in Daily, the previosuly candlestick was closed up very positive for bulls. So, yesterday when the candlestck was finished their closed up yesterday, I send you a message to put a buy order limit at $18,000 to $18,100 USD beause we could see any bull movement for limited time. Also, noticed that I know that we are in bearish scenario using the price action of Daily. But, we see that once again Bitcoin want to up for limited time. I could see that when Bitcoin goes to the $19,000 USD again to prove this break up. We can see any double top. And that it's why I expect that. Now, we see in 3 Daily chart that Bitcoin still bullish and then, we can see a up movement but if you see, this timeframe it's become more bearish and I have a plan to sell Bitcoin in the $19,000 USD resistance. So guys, in summary in Dail timeframe it's a so key becuas Bitcoin show any resistance weak for part of the bulls and bulls want to leading Bitcoin up toward the $19,000 USD. The $19,000 USD it's a logical key to take profit. My own profit will be $19,100 USD and my SL around of $17,550 USD. Now, I hopea double top in these zone of $19k to then, make a big short toward my targets $16,500 USD and $13,800 USD as possible earnings to targets. What do you think about the correction of Bitcoin specific in Daily chart?
COINBASE:BTCUSDLong
by harisonhbn9718
1
EURGBP Weekly/Daily analysis 🦐EURGBP on the weekly chart created a double bottom on the 0.5 fib retracement level of the previous impulse. The price on the daily chart moved inside a descending channel that has been broken during this week with a nice bullish impulse. The market then retraced at the 0.5 fib level over a daily structure. IF the price will break above the daily structure at 0.90400 we can set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
12
GBP/USD Short trade based off patterns from price actionPotentially a large swing trade setup coming next week. Daily Chart - Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area. 4HR Chart - Here is the price pattern in more detail. The first profit target is the start of the ascending pattern. 1HR Chart - Im looking for simple flag continuation in order for an entry but enter the trade according to your plan.
Short
by ThePoisedTrader
DAX looking for new recent highs 🦐DAX index on the daily chart is reaching an important resistance structure. The price after retracing exactly at the 0.382 fib level over the lower trendline of the ascending channel, started a new strong bullish impulse on the enthusiasm of the covid vaccine. When the price will break and close above the resistance structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DLong
by InkyGrip
29
Pivotal area for EURJPY We've been in an uptrend for 7 sessions now so I'm watching as price fails at the daily range high. The 30 day ADR is 79 Pip and we've already moved 66 so there may be limited potential for a trade today. Is that a Daily H&S? It's not super clear but some traders may be considering this so a break and close above on the D chart could signify a larger run higher. This would correlate nicely with the ADR if we close outside by 10 pips. Intra day I'm watching the 30min and 5min detail to see if we get a volume spike with little movement to signify a direction change, but I'd say be careful right now and the patience will pay off. Check out my blog RuckSack.medium.com
by RuckSack