On the lower timeframe, we can see that we have 2 entry trendlines in place. The orange trendline = Risk entry The red trendline = Safe entry We can even go down further to find a sniper trendline. Trade Idea: - watch for break of either trendline for entry - once trendline broken, stop loss goes below price - Targets: 6, 7, 8 Goodluck and as always, trade safe!
alts looks better here than btc, imo. all currently ranging in their respective channels. leaning towards the upwards movement here on eth, but if it stalls out today, then it's likely going to lose the channel by tomorrow's weekly close. i'm currently long here, but will cut we we chop around all day. hourly rsi break above eq would add confidence to...
feels very weak here. probably should wait until after fomc. think we'll retrace a good portion of this move. $1350ish target. good luck.
Hi Traders, Like BTC but better response, bullishness. All the best, S.SAri
I cannot ignore it. Falling wedge breakout into a smaller falling wedge breakout, at a historical support, with macd and rsi signaling upside on the weekly timeframe...
Ethereum is looking great technically and fundamentally. Technicals: It broke up and out of a Cup and Handle formation and seems to be heading to the resistance of the downtrend at around $2,400... Fundamentals: 1. Investors are getting back in since the Crypto crash with BTC, ETH, Luna etc... 2. Ethereum is merging with a new upgrade and update to improve the...
We are on the monthly chart. It’s telling us that it has touched the support and now is reversing back up. The support is holding up strongly and the 70% on the Fibonacci level is indicating a bullish cycle. Don’t forget the war has an impact on markets so pay attention to the fundamentals too. For more info subscribe to my YouTube channel. COINBASE:ETHUSD
Market showing weakness to the current uptrend which is a short one but no matter a trend is a trend. Just few seconds ago i posted $BTC/USDT chart, stating that 80% chances are there to see BTC at $36k again, as Bitcoin is main index for entire crypto movement!! I am expecting the above pattern to break downwards!! if it break upwards in any chance then we can...
Hello All! This is our trade setup for the Weekend. We have a clear Head & Shoulders formation formed which is a bearish formation. Expect a huge move coming soon the bears are strong but the bulls are fighting at the support level. Set alerts at appropriate levels. Look for higher time frame candle closings.
Hello All! As you can see we are still holding onto the channel. We are at a critical moment with Ethereum & Bitcoin as they consolidate near our important zones. A breakdown from these support levels would indicate to re-test our previous support zones. If we hold we will push towards all-time highs. Short Trade Setup: A break and close under 3600 and...
In our last AVAX analysis, we mentioned that we would see one more push down for the C wave completion. We've reached out target area for buys now and already seeing nice bullish pressure. Trade Idea: - enter with stops below price rejection - Targets: 125, 145, actively manage the rest Please bare in mind that price may come down to retest the 50fib again...
Some more price action has appeared which has given us more of an indication as to what may happen next. We are seeing a descending wedge, which is often a reversal pattern. Looking for ICP to make one more move down before we load up for buys! Short Term Trade Idea (SHORT): - Watch for a break of the ascending trendline on lower timeframe - Enter with stops...
FLM has been showing us a series of double bottoms and double tops. We are currently at the bigger double bottom and we could see a breakout very soon. Ideally we'd want to see one last drop to complete the lower timeframe double bottom before moving higher. However if we don't, we can just get in with stops below the double bottom. Trade idea: - Watch for a...
Hello All! Here we can see the bullish scenario for the Bitcoin price. Looking at past history we can see the falling wedge is a powerful formation for the Bitcoin price which can lead to a huge rise in the price. We can also see a small bullish divergence that has acted before as a start in a bullish run at the bottom of the falling wedge. For Traders, it is...
Dent is fast approaching a double bottom level where we may see price bounce off aggressively like it did in late July. For confirmation of bearish reversal, you can wait for the break of the red descending trendline. It is possible to take short term short trades back to the double bottom but there will be limited gains. The bigger move will be the move...
It could be time that Dogecoin finally breaks out! We've been looking for Dogecoin to move up for some time and now it seems to be making more sense. We had that push up late July and now we're in an ABC correction ready for the next impulse. Trade Idea: - Entry with stops below the lows (0.1820) - Target the corrective resistance as first TP (0.33) and HODL the rest
From our last analysis on MKR, we had a really nice breakout and then created a bullish correction for a move higher. The play here it to wait for the next bullish correction which will likely come back to the ascending trendline and then entry with stops below the trendline. However, if you want to enter now, you can look for lower timeframe pullback and then...
Currently consolidating in a triangle pattern. Wait for a breakout and candle close above or below the structure to target the next support/resistance. Set alerts at these levels via trading view alerts to prepare for the move.