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Gold (XAUUSD) - Support, Resistance, Trendlines, Pattern - 2021Gold (XAUUSD) - 2021 - Support, Resistance, Trendlines, Price Pattern - Daily Chart: Price Pattern: Descending Triangle. -Resistance Price Levels (colored horizontal lines above current price) -Support Price Levels (colored horizontal lines below current price) -Trendline Resistance (diagonal yellow lines above current price) -Trendline Support (diagonal yellow lines below current price) note: chart is on log scale.
OANDA:XAUUSD
by NoFomoCharts
1
ICPUSDT Provides Great Buying OpportunityICP is an underrated alt that I believe has a lot going for it. There was an initial dump that occurred day 1 which everyone got upset about however this isn't really out of the ordinary. If you go to their site you can see the metrics for yourself. As all of my followers are aware, I specifically look for basing pattern just like this to capitalize on, and I do that very well. We have a falling wedge with 2 touches on the hypotenuse that signals a breakout is coming. When that happens, I am sure everyone will be talking about it. There are plenty of opportunities to take easy profits here on the way up, similar to what I did with SHIB, KDA, and many others. My overall goal for this cycle is to see ICP hit 300. That isn't out of the realm of possibility since it has been much higher than that previously. Tell me what you think? This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
14
ADAUSD Price Movements and UpdateBefore I start, I want to say thank you to the people who sent me kind words during the past week. I haven't had time to reply but I saw a few of them so thank you, it meant a lot. For those of you who didn't know, I had a pretty rough week. I was dealing with a family emergency and today was the first day I wasn't at the hospital all day. If anyone was wondering where I was, that was what happened. I haven't had too much time to dissect the market, but it seems things were following what I said in my update. I told everyone not too get excited until the CME gap was filled for BTC which gapped up last weekend. Today the CME gap finally filled, so as long as we don't gap up again, the market should be in good shape. There are some things that have the possibility to drag the market down and here it is: Covid news (lockdowns, variants, etc). Evergrande payments (largest payment of 2.1B due March 23, 2022). FED bond tapering (updates coming on Dec 14th and 15th). In terms of the market, the bull market should still be considered ongoing until proven otherwise by metrics. I expect many alts to bounce from the last gap close however I have not been able to keep up with anything this week so I cannot tell you which ones look the best. ADA broke out of its descending channel, and tested the previous diagonal resistance as support today. I hope BTC will trade sideways this weekend otherwise we will have another gap to worry about and that won't be fun. If BTC trades sideways, expect ADA to do the same. I believe there will be more upward movement if all goes well with BTC and we will form the basing pattern I have been talking about for a month and a half now. Other than that the market has been rather slow today, most people did not see the pullback coming however, I knew the gap would be filled one way or another. This happens to be the best scenario. If BTC continued to run, we would have a gap at 54k to worry about and its better to worry about it now than if BTC moves to 70K. That is all I have today. I need to follow up on a lot of things going on right now because I have been gone for the entire week. Thanks again everyone!
KRAKEN:ADAUSDLong
by mysticalwalrus
26
ADAUSD Descending Channel DivergenceImportant things to note: BTC is showing bullish momentum. Everyone expected 40k or at least 52k, which made me a bit skeptical. Alts still looked great and a number of them moved on the BTC push upwards. ADA is in a descending channel. ADA was pushed up a bit from bullish divergence. There was a lot of consolidation going. We have a double bottom at the moment. If BTC remains bullish, I expect ADA to move with it. Price should head back up to the 200MA first. Important dates to note: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So BTC faked a lot of people out. I thought this might happen which is why I did not take profit yet. The FUD seemed a bit unreasonable. Everyone was expecting 40k or 52k and we all know what happens when the market expects something to happen. We now have a nice double bottom from it and I believe ADA will follow BTC if the momentum continues. I said in the last post on chain data looks good and does not look like a mass sell off, in fact there are a few large orders of BTC that have been bought as early as yesterday. Alts looked very good despite this which also made me a bit skeptical and a few of them have started to move already in continuation. ADA has a very steep descending channel and I expect it to break out soon. It will likely first head back to the 200MA for a test. If BTC stays bullish which I think it will, ADA should move with it. The first sign will be the channel breakout so mark those alerts on your trendlines. We will see how it reacts to the 200MA and go from there. I will continue to keep an eye on ADA and keep you updated. Thanks again everyone! Tell me what you think? This is not financial advice. DYODD.
COINBASE:ADAUSDLong
by mysticalwalrus
26
ADAUSD Break To Upside and Key AreasImportant Things To Note: The overall market speaks for itself. I have said it many times, we are in for a ride. BTC looks great. I have a target of 100K for this leg from cup and handle pattern. All of the Totals reaching ATHs ADA has finally broken out (we knew it would). It should follow the map I laid out for you guys in previous posts. ADA will finish its cup. Expect consolidation near resistance. (not too much) Volume will need to fill. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So things are looking great for the market. I told you alts would start moving sooner than you thought and they are. There are plenty of opportunities and I tried to give you a few while you waited for ADA to breakout. I have a cup and handle target that was made a few days ago by BTC of around 100K (looks like PlanB is going to be right again). The structure of ADA turned bullish and when I saw the confirmation, I let you guys know in an update. I hope you read it. Just like I had planned, we got our breakout and are currently seeing the formation of our cup. There will be consolidation along the way, however its looks pretty good until we hit the resistance I marked on the chart. From there, the volume will need to fill a bit. A lot of you wanted to sell ADA, however if you spoke to me directly you know how I felt about that. This is a great example of keeping your emotions in check. You knew ADA would break out. The pattern was right there. I mapped it out as clear as day. So, if you couldn't control yourself, consider this a learning lesson. Now, like I said before, sit back and enjoy the ride. As always, I will keep you in the loop with what I see. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
COINBASE:ADAUSDLong
by mysticalwalrus
58
ADAUSD Short Term Targets in Channel Important things to note: BTC looks like it is still consolidating in a flagging pattern for push higher. Total2 is almost at its ATH. BTC.D dropping like a stone. Lot of ugly patterns for alts at the moment. ADA is still in short term bearish structure. However descending channel signals upward breakout. I have noted important levels on chart. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Hey everyone sorry I have been posting a bit less. I have been fighting through internet outages and have been busier than usual due to that fact. Overall the market looks fine. BTC is consolidating in a flagging pattern while its dominance is still heading south. Total2 is nearing its ATH thanks to ETH. However I see a lot of ugly looking patterns for a lot of alts which is making me believe there might be some cooling off in the near term. Because of this fact, I have noted both upside and downside targets for ADA. I also noted the level that needs to be crossed for bullish targets to be considered. This is all fine as long as the PA staying within the descending channel. After all, the descending channel itself is a bullish signal. So, I am guessing the reason for all of this is just last minute money moving around. November is right around the corner and that is when the majority of assets will begin heating up. I personally am done with my rotations. However, there is still time to do so. You might want to give it a day or 2 to see how the PA is looking before you do. I have started posting charts on other assets I am in. So feel free to take a look if you want. I have said this a million times but I highly recommend diversifying your assets. That is a basic investing rule along with rotating. Consider this or you will be subject to unfortunate opportunity costs. As always I will continue to update you all! Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
67
ADAUSD Outlook on Things to ComeImportant Things To Note: BTC has reversed ( I mentioned the reversal signal in an update). BTC next leg to 73k. Money has moved into alts, this can be confirmed when looking at pairs. Alts now move with BTC for now. The plan for ADA is the same: 1 - either a small break downwards with bounce to upside. 2 - consolidation to break to upside. ADA has been consolidating in a bullish pattern for months. In the short term there is a descending channel signaling a break to upside. ADA price can move anywhere within the channel so be aware, however, the end will be a break to upside. Overall, I have been watching for the creation of a basing pattern. This pattern will give us a future target of 4.4. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So, a few of you might be confused in terms of where ADA is going so I thought I would show you what I see, and what I am expecting. First let's talk about the market in general. I told you in an update that BTC has signaled a reversal and it would be confirmed at a higher level which it was. BTC.D has dropped and Total2 looks great so the money has shifted enough to where alts will benefit from BTC's move upwards. You can confirm this by taking a look at the altpairs and how they are moving. The overall plan for ADA has not changed at all. I am expecting either a small move downward in the descending channel which will produce a bounce upwards, or further consolidation until BTC is ready to move forwards and a breakout of the channel occurs. Zooming out, you can see this is typical bullish consolidation from ADA. I am expecting the price action to continue to form a basing pattern, which will lead into a cup and handle. I have noted the movements and the targets on the chart. That is what you are to expect. Now, a lot of you have been asking me about other assets I have mentioned and want me to chart them. I am fine with that because honestly, I make them for myself anyways. I know I do requests every now and again, but I am going to be charting what I am currently looking at or assets I have entered incase you want to take a look. Some of you already know the assets I am talking about and have profited from them, so congratulations to you. I will continue to update you all on the movements as I always do. Thanks again everyone! Also, it has come to my attention that some people have been copying my charts (and not just my charts but what I say as well). I know you are going to read this so I want you to know that I personally do not care if you steal my charts or my words or anything really. Just know that thousands of people view my charts every time I post them and it is rather obvious that you are copying me. So, if you want people to take you seriously, you should probably at least not make it so obvious. LOL. Again, I don't care either way, but it will probably hurt your reputation for TA in the long run. Good luck! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
77
ADAUSD Pushes Higher on BTC & ETH ATHImportant things to note: BTC and ETH hit ATH. Total2 has completed cup and handle and IH&S pattern. Altpairs are still a mess right now. BTC.D may have hit local top. We are seeing money flow into alts like it did before (around Oct 12). ADA is at an important point in terms of consolidation. ADA will either keep consolidating and break out. Or if BTC pulls back it will drop slightly and bounce to break out. This solely depends on if BTC pullback from here until 73k. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Ah finally something to talk about. Let's start of by popping a nice bottle of wine for the BTC and ETH ATH that just occurred! (I will do the honors if you can't LOL). So first off, ETH has hit the marker that tells me alts are going to start moving. This doesn't mean they are about to blast off right now. Just that we will start to see some improvement of the PA. Total 2 has completed its cup and handle pattern and there is a nice inverse head and shoulders for good measure. We can see that money is flowing into alts like it did before around Oct 12th. I told you for a fact large investors are rotating into alts, now we see it again. Don't get ahead of yourself, I am expect a good Nov and and better Dec. Oct is just for positioning. BTC.D may have hit its local top. I will keep an eye on this but it looks great for alts. The altpairs continue to bleed but I think that won't last too long. Because I am expecting BTC to pullback at some point between now and 73K I am expecting some blood this week. It remains to be seen how affected the USD pairs are by this. ADA has too options and I am concerned, 1 - it will consolidate and break out of the descending wedge or 2 - it will drop a bit (due to a BTC pullback) bounce, and then break out. I would like to see the bounce occur because it will give more momentum, however either option is fine with me. Remember I said alt season would start at the end of OCT at the earliest and end of NOV at the latest. And yes, I still plan on doing my videos for everyone, time just has not been on my side recently. Patience is a virtue. Anyways, I will keep and eye on ADA and update you all accordingly! Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
54
SRMUSDT : SERUM on deck🧴*NOT FINANCIAL ADVICE: This idea IMO for personal use only* ==================================================== An update from my last chart dated 15/Sep: Still very bullish on this one and continues to be a long-term hold strategy. Has the potential to do another Solana since it's their DEX exchange and built on their technology. At the time of charting this it ranks #91 on coinmarketcap which is a jump from #125 on charting, and an increase of market cap to $966.2M from $511M on last charting. $SRM is a DEX with eco system said to be much Faster, Cheaper and more powerful than DeFi. Designed around a fully on-chain central order book and matching engine. It's the ONLY high performance DEX to exist at the time of writing this. *Read that again* One to watch. For now, I have just bought a small hold bag and have set some buy orders for lower too as I'm expecting some further pull back before the next leg up ( DCA ). Defo staying bullish & watching this one. Using naked price action analysis: 🔸 ATH , Volume , Fib confluence zones and levels, bullish descending and flag formations 🔸 For Trading: Suggested Entry, SL & Exit points are my theory only. 🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only, so any entry is a good entry. 🔸 Currently available on Binance, Uniswap, Sushiswap, Serum Dex. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC , *be wary of scam listings elsewhere* As always, watch for volume . Do your own research, check on-chain data. Always be watching BTC . This is not Financial Advice. Good chat.🤖 Previous Chart 15/Sep:
SLong
by CryptoZani
2
ADAUSD Descending Wedge Break to UpsideImportant things to note: ADA has formed a descending wedge which confirms short term bullish activity. ADA bouncing from oversold RSI. Breakout to upside of wedge coming soon. 50MA test will likely be the decision point. 50MA lines up with resistance due to volume. My last chart predicted this movement, this wedge gives it more justification. BTC will need to move to about 45500 to deny another movement down. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) So it looks like we have a descending wedge which tells us the price will breakout above the pattern. This is something I predicted in my last chart and now we know the price is headed for the decision point (the decision point box from my last chart). However, we have a bit more info on where that decision is likely to occur. I believe it will happen when testing the 50MA. From there we have two scenarios, either the price passes the test and moves above the decision point to 2.56 where we can forget about the price moving further down, or it gets rejected and heads to 1.9. We do not know if that will happen yet. But is nice to see we have some confirmation of the short term direction. ADA could have easily just fell to 1.7 ending the correction immediately. Now, we will have to wait for the test. This coincides with BTC moving upwards towards 45k. If BTC can hold 45500, I believe you can expect further movements upwards. If the price is rejected, we know what to expect. On the chart we can also see the 50MA test lines up perfectly with resistance formed by the buying volume. Overall, I think we are nearing the end of the correction. Again, take this opportunity to DCA and if you can't, just wait it out. This pullback hasn't been too bad and I am excited about where the crypto market will go from here. Thanks again everyone! I will continue to update you all on the movements of ADA. Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
25
LTC Further Up Move After Consolidations Hi traders: From my previous LTC analysis/outlook, we see price does indeed form the bullish correction and push the price higher. Now that price has impulse above the previous highs, there's good opportunities for another buy opportunity. Price is likely to consolidate here and form into a bullish continuation correction structure, so be patient and wait for price development Once price completes the correction, expect another up move to the next highs as a potential target. Thank you
BITSTAMP:LTCUSDLong
by jojofang0901
30
ADAUSD Triangle Breaks Trendline TestedImportant things to note: Descending Triangle broke at 2.90 signaling test 200MA was tested Main Trendline was tested price retreats to support Ascending wedge breaks to downside Important Dates to Take Note of: BTC becomes legal tender in El Salvador Sep 7 2021 ADA Alonzo (smart contracts) go live Sep 12 2021 ADA Summit Sep 25-26 2021 So, as I said before if the descending triangle breaks, there will be a test of the 200MA and the main trendline, which is what has occurred. The price bounced off of the main trendline and retreated to its support. However, there will likely be more tests coming. If the price can be held at the main trendline, things won't be so bad for now. Set your alert for the main trendline. The reason for this is that a break from the main trendline will signal a significant pullback, most supports will be tested until it finds a support it likes. I believe this will probably be around 2.2, but it will not happen overnight. BTC was looking as though it was going to pullback. Most analysts agree it will likely end September at 43k, then make an extreme bull run to new heights, and I agree as well. The only way out of a BTC pullback was a short squeeze, which seemed possible when I looked at how much money short sellers lost on Thursday. However, to complete this, BTC needed to close at 51k, which it did not do. That being said, ADA could pullback. However, it might not be as bad as you think. 2.2 is a reasonable estimate without including the smart contract release, good news coming out of the support, or BTC becoming legal tender on the 7th of September. These events will likely cause a positive price movement for ADA so it might not be as bad as 2.2. I like considering a reasonable estimates without adding in any unknowns, for example good news. If the unknowns due happen to influence the price, I will modify my estimate. That being said, I will keep and eye on the movements. Set your alerts for the main trendline. And if possible, try to relax, ADA has quite a bright future ahead of it, in my humble opinion. Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
12