FTM/BTC Daily Entry and Targets 250% Potential gain.I'll be sharing the charts of my best picks for the upcoming bull run. Fantom is one of them and I'll start with this one. One of the most promising Altcoin on Binance is FTM. Fantom/BTC just broke below the reversal channel of a Rising wedge. We will wait for some more downside price movement and ladder in partially. No clear picture in RSI, MACD or other indicators yet. But still below the pivot point. Also trading below 50D and 21D MA.
ENTRY: 107 TO 125 (Ladder in with partial buys to average your entry) You know that no one knows the bottom. Better don't miss it, right?
Many good news are also on the table Means Fundamentals are very Strong,. This is one of my best bet for the upcoming bull run. MACD seems to have a bullish crossover soon. We will go a bit lower following a channel (Falling wedge) with a H&S Pattern. Breakout is imminent with this formation.
This is not a Financial Advise, please do your own research my ideas are for education purpose only.
Etherium
BTC/USD Short term Targets (Swing Trade and Scalping)Channels under channels. BTC is showing a big FALLING Wedge pattern which is a Bullish pattern in Classical Technical Analysis. It was speculated earlier that the price can go to the mid 6ks. Demand under the green zone is high. I AM EXPECTING MORE BULLS AND BUYING PRESSURE UNDER THESE LEVELS will be high too. People are screaming about 3k 4k again that is the main reason why it won't happen (Just my opinion) Nothing to fear, Good days are coming. In the short term it is looking bearish but eventually breakout is approaching. The idea is just a speculated move. I could be wrong. Do not just blindly follow this, try to learn charting if you are new and learn from your mistakes. You aren't doing anything if you are not making mistakes. Breakout in BTC is imminent. If you like my ideas do follow and shoot a like which will motivate me to post more often.
Thank you
I wish you all good fortune.
ETHBTC Daily Trend Change|Higher Low|Local Resistance to Break! Hello Traders!
Today’s chart update will be on Etherium, which has successfully broken out of its bear trend on the daily. It respected the .618 Fibonacci level on the 240 time frame as expected (see Chart Linked below), now currently approaching a critical resistance level that needs to break.
Will bulls have enough momentum to break through resistance?
Points to consider,
- Daily bear trend broken
- Price supported by .618 and .50 Fibonacci
- Local resistance yet to be broken
- Stochastics in upper region
- RSI approaching apex
- EMA’s supporting price
- Volume trading just below average
- VPVR declining in transactions from current point
On the daily, Etherium has put in new higher low, the overall structure of the trend has now changed with critical levels yet to be tested. Price was initially supported by the .618 Fibonacci level, signalling that buyers are strong in that area with considerable bull volume coming in. Local resistance however is yet to be broken, this is a key level that needs to be broken to keep the bull momentum intact.
The stochastics is currently trading in the upper region, can stay up here for an extended period of time, however there is lots of stored momentum to the downside. RSI is respecting its current support and resistance, coming close to its apex, a break will be imminent.
The EMA’s are currently supporting price, it needs to hold price as support in order for the new trend to mature. Volume itself is quite healthy, although just below average, Etherium needs volume to maintain into order to break local resistance.
The VPVR is quite interesting; it has clear low volume of transactions from local resistance to structural resistance. This signals that bulls will have little resistance poised by the VPVR when trading in that cluster.
Overall, In My Opinion, Etherium needs to maintain above the EMA’s as it comes into local resistance. We need a steady increase in volume to successfully break resistance and to at least test structural resistance…
What are your thoughts?
Please leave a like and comment,
And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
SELL Signal ETHUSD $179.15 - $179.50Limit SHORT Orders for ETHUSD: $179 - $180
Stop Loss: ABOVE $181.15
Target PRice : $174.75 | $173.55 | $172.20
Reason for Trade:
RSI Div.
Support flipped to Resistance
ewCount
Trend Fib: 1:1
98% reasoning: 50-50 chance of being right. I like those odds ... It's Either Going to Go UP Or Down
))
Cheers,
bitATX
Etherium ETH downwave completed ?! still more clarity neededCiao Traders !
Any help with the dilemma of the circled wave 1 and 5 would be greatly appreciated
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
ETH/USDT (3D) Global SituationSo, globally we are having a bullish wedge on ETH and the price entered this wedge from below. By definition "the wedge" is the pattern, where highs and lows are updating and go lower or higher, depends on what kinda wedge we have currently. So, right now if the price will break a current high, which is $223.94. Then we can expect the pattern to outplay its main target(which is around $360) since the next high won't be lower than the previous. Let's see. Good luck everyone and happy trading!
Crypto Needs 1 More CapitulationThe total cryptocurrency market cap is consolidating in a small band. Could break either way really. I expect to the downside into a support level then a rally higher to test the range high where it could bounce for a few weeks then break out to the upside. This would be bullish for Bitcoin and a number of major altcoins such as ETH and XRP.
ETH count - Did I just cracked the code ??? !!! :)Ciao Traders !
I know this view might be unpopular, but that is what I see in the chart.
Please read the comments on the chart for a full understanding of my view and see also the previous chart of ETH i posted called "down wave completed?" for a more detailed analysis of the latest down leg
Stop believing and start analyzing :)
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk