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4.3.2021 - Binance Coin (BNB / USD)Hi Traders! In today's analysis, we will take a closer look at the BNB exchange coin. However, we will try it a little differently and we will not analyze a specific trade, as you are used to. The BNB has undergone almost incredible growth in recent weeks - in numbers, it is 861% in 21 days. At the same time, it created its new ATH at USD 349 . During the big drop in prices a year ago in March, its price was around USD 10 (minimum at USD 6.32). The BNB has grown since this level by more than 2,200%. FUNDAMENTAL BNB is a Binance exchange coin, which is the largest crypto exchange in the world. It leads in trading volume and is one of the largest in the number of users. So if the exchange succeeds, their coin should also succeed. Binance has a clear policy and a very well-established ecosystem around the BNB. Exchange clients are motivated to hold the BNB, as they can get up to a 50% discount on exchange fees. The equation is therefore quite clear - the more users and trades, the more BNB is held. This, of course, increases demand and reduces supply, which has a significant effect on price growth. Not to mention that many investors buy and hold BNB as HODL. TECHNICAL ANALYSIS From the point of view of technical analysis, it is already a bit worse and the extreme growth just mentioned is to blame. Similar growth will always take its toll , for several reasons. The main one is untested supports. After breaking the maximum, the BNB immediately went into exponential and we know that support is support only when it is tested. As BNB only grew, it failed to create any significant supports in the process. If a correction comes, it is difficult to determine how deep BNB can fall. Given the strength of growth and evaluation, even if BNB fell by 30%, it could still be considered an excellent investment. The best thing that could happen to BNB now is that it will move to the side for some time, or slightly fall and create a structure at this price level. Creating volume and supports at this level would mean that users are willing to trade BNB at these prices as well, thus creating an excellent basis for further growth. Currently, I do not dare to estimate where the BNB may fall. Anyway, I marked 2 supports on the chart, which we could hold. May the crypto be with you!
by DolleroTechnology
24.2.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days, bitcoin has become the centre of your questions again after a major decline. Is the bear market coming again? Where will this correction stop? What to do? We would certainly not talk about the bear market in the current situation. The decline of the bitcoin price was due to the values at which it was last weeks. The fact that it fell by as much as 22% is nothing out of the ordinary, and in the last bull run, momentary declines of up to 40% were nothing strange. Moreover, from the point of view of fundamentals, practically nothing has changed. What type of correction are we currently tracking? This is a more complex question and there are several options: 1. Triangle As a first option, we are offered a triangle, which would mean that we would move in a triangle formation for about 2 to 3 weeks and then head up again. 2. ABC correction The second option is ABC correction. However, it should be noted that this can also take several forms. In general, the strongest support would be at $ 40,680. 3. Other On a theoretical level, we must also admit the fact that it could be some form of channel or distribution. There are really many possibilities for correction structures. At this point, we cannot say clearly what type of correction it is , as we do not have enough data on the chart yet. What to do next? Currently, the only option is to watch the chart and trade intra-day until the chart shows what formation is going to form . Once we find out, we will be able to determine more precisely the decline target as well as the target for further growth. May the crypto be with you!
BITSTAMP:BTCUSDLong
by DolleroTechnology
3
18.2.2021 - Ontology (ONT / USD)Hi Traders! Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market. First of all, we would warn against high expectations. The fundament around this coin is not as strong as it used to be, as new projects and new technologies are still coming to the market. Nevertheless, we think that the ONT still has great potential, which we can turn into an evaluation in the coming months. The ATH of this coin is above $ 12, but if we count also with overall fundament, we would aim at a maximum of $ 5.51. In this chart, we can also see 3 basic cycles - growth, decline and consolidation. In this case, however, it's a little different than last week at EOS. Week ago, ONT broke the trendline and thus also the consolidation structure. Of course, this does not mean that we have to climb to the targets immediately. Growth should gradually accelerate upwards and we see this trade in a few months' horizon (up to the summer). From the point of view of targets, we would again step out of the trade gradually and "preserve" profits. The most important thing in this chart is the broken trend. We have a clearly defined trend and, if nothing fundamental changes, this chart should continue to grow. May the crypto be with you!
BITFINEX:EOSUSDLong
by DolleroTechnology
ETHUSD in an Asc. channel, Buy pullback with new ATHs as targetPlease Support this Idea with LIKE if it is Useful.... ETHUSD The price is moving in an asc. channel, after a pullback towards the support structure, If price holds above the support I expect the price to move higher and form new ATHs.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITFINEX:ETHUSDLong
by Stargazer_fx
30
BITCOIN(btcusd), where to BUY ??__where to SELL ??Please Support this Idea with LIKE if it is Useful.... BITCOIN The price is forming a triangle shaped structure, we can't buy or sell at the movement, it will be very risky decision, I suggest to wait for a confirmed breakout of the structure and trade the breakout. Trade with proper SL.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSD
by Stargazer_fx
26
EURUSD forming bearish H&S pattern Sell the breakout (+170 pips)Please Support this Idea with LIKE if it is Useful.... EURUSD The price is forming potential H&S pattern and price is above support structure at the moment, wait for the price to break below the support then after a pullback If price continues to stay below the support/resistance structure, I expect the price to move lower towards the support level for 170 pips. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
8
AUDCAD, wait for support break to Sell for 160 pips on pullback.Please Support this Idea with LIKE if it is Useful.... AUDCAD The price is above support structure at the moment, wait for the price to break below the support then after a pullback If price continues to stay below the support/resistance structure, I expect the price to move lower towards the support level for 160 pips. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
9
EURJPY above support & trendline support, Buy setup for 100 pipsPlease Support this Idea with LIKE if it is Useful.... EURJPY The price is following an ascending channel and price is also holding above support, If price continues to hold above the structure, I expect the price to move higher towards next resistance structure.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
14
EURUSD back above support, +130 pips growth expectedPlease Support this Idea with LIKE if it is Useful.... EURUSD The price came back above support structure, If price continues to hold above the structure, I expect the price to move higher towards next resistance structure for +130 pips with 2 targets.... Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
14
AIRBNBAirbnb raised $ 3.4 billion during its IPO at the end of 2020. Airbnb is a technology company that has brought home sharing in over 100,000 cities around the world. During the pandemic, tourism came to a standstill, and companies like Airbnb were hit hardest, as all business is tied to travelers. Due to world events, market participants no longer believed in Airbnb's IPO this year, but the company was able to. At the moment, the price is moving above the middle of the ascending channel. The target is the line of resistance. Best regards EXCAVO
NASDAQ:ABNBLong
by EXCAVO
14
USDCAD above support structure, Buy the pullback for 120 pipsPlease Support this Idea with LIKE if it is Useful.... USDCAD The price came back strongly above support structure after breaking below the support, after a pullback if price continues to hold above the structure,I expect the price to move higher for 120 pips. Trade with proper SL.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
11
BITCOIN bounced from support & trendline, more growth to come...Please Support this Idea with LIKE if it is Useful.... BITCOIN The price bounced from ascending trendline (which acted as a support previously), and price is also above support structure, If price continues to hold above support and asc. trendline, I expect the price to move higher.. Trade with proper SL.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
24
20.1.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days and weeks, everyone has been most interested in the king of cryptocurrencies - Bitcoin. It recently set his new ATH at USD 42,000 . Since then, however, we have undergone a slight correction and in this situation, we have two options for further development. 1. Triangle The first possibility is that we are in a triangular formation, which we are slowly ending and we will soon grow. For this to really happen, we need to keep the bottom trend line on the chart and also break through the top trend line. 2. ABC correction In this case, it would not be a positive report and another wave of decline would follow. So we would fall across the bottom trend line and go test the support at the level of USD 28,200 - 29,200. Both options are still realistic and as we can see, the chart no longer has much space. This means that it will soon have to decide which side to we will look at. Which of the options will finally be realized does not change the fact that we are still in the bull run. Each correction, therefore, represents an opportunity for another cheaper purchase. May the crypto be with you!
BITSTAMP:BTCUSD
by DolleroTechnology
5
EURAUD breaking above structure, +300 pips growth expectedPlease Support this Idea with LIKE if it is Useful.... EURCHF The price is breaking above structure and descending trendline, I expect the price to move higher towards next resistance for +300 pips with 2 targets. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
17