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TRX (WAIT FOR CONFIRMATION PLEASE)Hello.😃 I am looking to gain support here at current point after we have possibly bounced off of our blue trend line once again. Alternative is that we fall down most likely to the red line on chart (IMO.) This is a short technical approach analysis thank you. BTC dominance in the market is sitting at 41% today, this is very low. This means that money is moving out of BTC but not out of the market. TRX and BTC are very correlational so let's wait before investing in either of these in my opinion. This analysis is for reference in the event that we turn bull market. I would definitely not place a buy order until we see price action hovering more in the 0.136 zone and gaining some support there. Next couple hours is really moment of truth for TRX and BTC let's be patient with this! 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Jazerbay
by jazerbay
13
Algorand Channel Identified? 👀👀👀Over the last few days I’ve been watching Algorand. Of the alt-coins out there, this is definitely one of the most promising projects you should be watching. Pure Proof of Stake rewards is a great factor to buy and hold - especially if you are utilizing the Coinbase app where a poor entry can still be profitable if you hold for an extended amount of time. More specifically to this chart, if you are an aspiring crypto day trader, this coin presents a comparatively safe bet versus other similar coins such as Cosmos (ATOM) and Tezos (XTZ). A good entry appears to be at between 1.20-1.30, with upsides regularly returning to 1.50 and even up to 1.70 if you are patient. The next few weeks may shake out a new trend, especially with Algorand’s ‘Carbon Neutral’ sentiment, where in a Post Tesla/Bitcoin split market we may see Pure proof of stake (PPoS) based currencies take over energy drainer PoW coins such as Bitcoin (BTC).
COINBASE:ALGOUSDLong
by IbexiSterlinfa
MATIC-USDT(Possible shooting star bull candles and Fundamentals)🌟⭐🌟 Depicted above 💹, we have MATIC on a 4 hour chart, MA cross gap is pretty big at the moment which is a bullish sign🐮, we also see our possible shooting star candles 😁⭐ Keep in mind it is possible we do a nice little correction ↘🤏🐻, before more blast-off.😄😅🏁🚀 FUNDAMENTAL OVERVIEW : 🧐💭📝⏬⏬ Polygon(Matic) is a very successful 2-layer scalability engine, which has been around since 2017💲🎉 Layer2️⃣ scalability allows for gas prices💲🚓on Marketplaces like OpenSea (one of the largest markets for NFTs🉑, Dapps🕹🎮, etc., which runs on POLYGON network,) to be little🤏 to none🚓😄 Polygon is now even getting it's cut out of UNISWAP🦄 V3 positions on OpenSea, where in the past 7 days UNISWAP V3 positions have moved up 2,060% to it's 25th place position of top NFTs sold on OpenSea.👇 Wow that is ironic, MATIC and UNISWAP are competitors in a sense. Not to mention, SUSHISWAP🍣 (successful reinvention of UNISWAP🦄,) is now available on MATIC network (as of about 2 months ago 🕘📆📌) 😊 😀👋👋 Here is more good news 😄😁🔽📰📰: The MATIC network just came out with QuickDuck🦆 ( a Network yield optimizer,) which uses a compounding farming strategy.. what does this mean ? 🥱🤔⏩⏩⏩ Let's take a look 🧐🔍⏬⏬: Users who invest on the POLYGON(MATIC) network, will soon be able to invest into the 100 and some QuickDuck🦆farming pools🟦 that the Network plans to release. QuickDuck🦆 technology is coming out this Sunday📌📆. ⏩⏩ (investors on the QuickSwap, SushiSwap🍣 and Cometh exchanges will earn more money through compounding interest, etc...) This is an upgrade no doubt for the POLYGON network👌🆗, which previous to QuickDuck🕘🦆, investors could only withhold profit rather than just reinvesting the profits earned (compounding.)👍 This chart is just for fun⭐ and I believe MATIC will increase in price long-term🆙🆗. Networks like POLYGON are a good alternative to save on crazy GAS fees🚓💲 on overclocked networks like ETH.👌 ✅🆒💗🔍📈 If you enjoy more technical approach rather than fundamental✌💹⏬⏬: Take a look at MATIC chart WEEKLY on a logarithmic scale. It paints a pretty bullish picture 🐮🌄, if history is to repeat itself. If we maintain bullish momentum, I will post an update with more (possible) accurate targets short-term! 😀 🛑🛑🛑This is never financial advice🛑🛑🛑 I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much!!! Jazerbay 🐶
MLong
by jazerbay
10
GBPUSD - Daytrade by Keltner - Stochastic & ADX 12 Thu 2021- Higher High for Uptrend. * Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Number of consecutive wins in the past: 9. - Number of consecutive losses in the past: 6. So to avoid psychological influence, choose risk = 1% x6 = 6% for 1 trading signal. Currently, the Bot assumes 2% (orders 1: 1%, orders 2: 1%) ------- Max risk: 2%. 1. Trend identification: ... Keltner: Price through Upper1 / Lower 1 gives 1 point. ...... Uptrend: If price crosses above the close on Upper 1. ...... Downtrend: If the price goes down once, closes below the 1st line. ... Stochastic: ..... d> 67 for Buy, d <16 for Sell ... ADX: 30 indicates strong trend. ...... ADX smooth: 7. ...... DI length: 7. 2. Entry point: ... Buy (BUY): When k cut up D in an uptrend, when D> 67. ... Sell (SELL): When k cuts D in a downtrend, when D <16.
Long
by dinhchien
CADCHF- Ascending channel Technical Analysis: -From the 4 Hour and 1 Hour chart show strong bullish momentum. -Price has been trading in the ascending channel since 27th April. -We should look for a long entry on the retracement of the liquidity zone -According to the algorithm I use, price could shoot up to 0.59% and tomorrow with a 0.75% gain to the upside. -This is a good indication to enter long for this position. Fundamental Analysis: - There are are no high impact news for today which will affect the pair. - However there is a major impact tomorrow on the Cad as they are announcing their GDP Reports at 1:30. - I would advise to not trade around these times as price will be very volatile. Sentiment Analysis: - According to market sentiment, 83% of retail traders are short on this pair. - Normally I would go against the retail traders as 90% of them lose their capital. - Asset managers/industrials and Leveraged funds are all placing long positions for this pair. Lets see how this trade plans out! Make sure to Follow, like and comment your ideas for this pair!
Long
by LDForex_
CAKE, divergence and explaination on where it would goCAKE's price is going up but the volume is low, this indicates a divergent situation. RSI is overpriced, this could be a phenomenon called power zone, where the price will keep going up due to retail's excitement. so, based on my analysis the price will keep going up until $46-47 and then going down to the trend line i draw. im using snr and trend line drawings, and i use RSI and Volume indicator for this analysis. i hope my analysis could help you to make your decision, best of luck to y'all
C
by papacan
1