Cardano, ADABTC is making a nice bounce as with the market recovery today so let's take a quick look at what to expect from ADABTC from here on. ADABTC was setting itself up to break the falling wedge pattern (in blue) one way or the other but since we were so oversold and with the indicators RSI and MACD bullish diverging, ADABTC was poised to break to the...
Hello Tradingview, I'm an amateur when it comes to TA, I'm involved in Bitcoin and trying my best to learn as much as I can. I would not recommend trading on my analysis, I'd be suprised if anyone even considers it really. Summary: What you see here is the AEX weekly and may I say so myself, quite a bearish picture. But Don't forget I am an amateur if any...
I'm loving this idea and will base my entries on this between 9250 and 9350. We had the same sort of movements in september 2017. See you at the moon guys. Donations appreciated (BTC): 3BMEXLoUjQc7aAt3pb9zvHogvtybvgWh3e
Since January, price has been caught in a range between 2.5383/1.21545, forming a triangle pattern. Also we can tell this by looking at the shorter term MA as its signally a flattening of direction. However the longer term MAs are still sloping upward which suggest the trend is still going up. From an Elliot Wave perspective, we could also be in a subwave 4...
The red lines are the support and resistance level signed to see the price of the waves analysis. Wave 5 can be extended/truncated or regolar ,if regolar bitcoin is going to test 8400-8800,if extended his going to test 10500-11800 area. Now we are in the wedge retracing to complete wave 4. "ABC" levels are signed up there. if got any question just comment. If...
Overvaluation or what? The waves tells it all! Take profits and chill.
We are looking for a correction before continuing our sells on EURNZD. A correction on the 1 hour or higher should see up with more downside. Potential is high for the sell as it may break the previous low. This is a great trading opportunity. We will follow this setup throughout the week.
Very bullish MACD+RSI. -RSI reached bullish 85 level, bounced off 40 on the daily candlesticks. Can't get much better RSI than that -MACD has tons of room to run, just bullishly diverged I understand the D has a higher value than B. E does penetrate the lower trend line of the ABCDE which is completely normal Stoploss can be adjusted to $190~ The chart is...
-Bullish MACD divergence on 4h candles (very bullish indicator) -Completed 5-3 sequence providing decent risk to reward (more on this later) -Primary price target is 1:1 extension at 24.5k -If BTC breaks through the 1.1:1 extension then a 1.618:1 extension all the way to nearly 33k is possible -Stop loss at 10.6k below C Not necessarily an entry now considering...
Price target: 1:1 extension of wave 1 Stoploss: 0.25 (below C) ABCDE contracting triangle correction with lower highs and higher lows Contraction of volume during triangle like normal Bullish indicators: -Falling wedge on MACD -MACD kissing after downtrend -Below 20 on stochastic (best entry would be after it goes above 20) -Just finished ABCDE allowing for a...
The argument for why NXTUSD will go to $0.30: -Wave 3 hit almost a perfect 1.618 extension of wave 1-2 meaning the price target is either a 1:1 extension of wave 3 or a 2.618 extension of wave 1-2 -Bullish divergence of the price moving above base-line on 1h, (price is already above base-line on 2h candles) -Bullish divergence of conversion-line and base-line...
My thesis on why DCR will hit $72 and is in an excellent spot to enter currently: -Trading at the bottom of the support of the wave 4 triangle -5 ABC patterns already completed (drawn on 15m candles) -Still well above the cloud on 2h and 1d timeframes, currently at near the bottom of the support of the cloud on 1h making it an excellent entry -Conversion-line...
Green = entry zone, red = sell zone Preface: I am NOT saying to enter at the time of posting. PLEASE READ. Explanation on the Fibonacci levels on the graph: -Wave 2 retraced 78.6% of wave 1, meaning that it is very likely that wave 4 will retrace, at most, 23.6-50%. Since a 50% retracement would put wave 4 below wave 1, I have only put 23.6%. -Since wave 3 did a...
Why I think this: Strong bullish indicators -Good volume on breakout of consolidation phase -Falling wedge on RSI (white line on RSI graph) -Recently had a bullish MACD divergence on 4h and longer candles (more on this later) Don't enter now, however for these reasons -RSI at the top of resistance on falling wedge -Bearish MACD divergence on shorter candle...
Tried to make this one as quickly as possible seeing that it's about to moon BULLISH INDICATORS -Strong volume on breakout of consolidation (bullish pennant). Shows continatuion of bullish trend
Preface - don't enter long now, at the price of posting, this is a long idea at ~320-296 Why I think this: Short-term bearish indicators -Bearish RSI divergence on shorter candle lengths (blue line on RSI graph) -Bearish MACD divergence seen on longer candle lengths (4h for example) -RSI showing a lower low for each lower low, showing a likely continuation...
Bearish RSI helping to make the case that DASHUSD is due for a correction downwards before continuing to move up. Please read the text boxes, they explain all of the placement of the lines. Feel free to leave any feedback and/or questions in the comments