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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
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
25.11.2020 - Litecoin (LTC / USD)Hi Traders! Are altcoins in the bull market? Is Litecoin in the bull market? You have probably noticed a significant rise in the prices of cryptocurrencies in recent days. It's not just about Bitcoin anymore, but Litecoin, Ethereum, Dash, and others have gradually started to grow. Is this the right time to buy, or are we waiting for a decline? Let's have a look at it step by step. In our opinion, we are already in the bull market. Of course, each cryptocurrency is a little different, but in terms of structure, Litecoin is already in the bull run. In 2018, we witnessed extreme growth, followed by a strong decline, and we have been consolidating to this day. By crossing the trendline, LTC also started its bull run. However, this does not mean that it will only grow. Even in the bull run, it is quite common for the market to undergo a correction (even 30 - 40 %). The nearest strong resistance is at the level of USD 145. As we see that the breakthrough on Litecoine was really significant, a minor correction may come, but in the long run, it looks very good. May the crypto be with you!
BITSTAMP:LTCUSDLong
by DolleroTechnology
1
Ford close to the trend reversalFord (NYSE:F) formed a falling wedge. It tests the resistance line on a monthly chart. The stocks are confidently recovering, there are signals of a reversal of a long-term downtrend. Recently it has become known that Ford invests $100 million in a plant in Missouri. The investment is part of more than $11.5 billion that Ford will spend on electric vehicles through 2022. The company marked it wants to release its most iconic ICE models in electric versions. The popularity of electric cars is growing, especially during the oil crisis. Best regards EXCAVO
NYSE:FLong
by EXCAVO
8
What Are These Moving Averages?Moving averages rely on past data, they are considered to be lagging or trend following indicators. Regardless, they still have great power to cut through the noise and help determine where a market may be heading. Different types of moving averages There are various different types of moving averages that can be used by traders. Despite the various types, the MAs are most commonly broken down into two separate categories: simple moving averages (SMA) and exponential moving averages (EMA). Depending on the market and desired outcome, traders can choose which indicator will most likely benefit their setup. The simple moving average The SMA takes data from a set period of time and produces the average price of that security for the data set. The difference between an SMA and a basic average of the past prices is that with SMA, as soon as a new data set is entered, the oldest data set is ignored. So if the simple moving average calculates the mean based on 10 days worth of data, the entire data set is constantly being updated to only include the last 10 days. It's important to note that all data inputs in an SMA are weighted equally, regardless of how recently they were inputted. Traders who believe that there's more relevance to the newest data available often state that the equal weighting of the SMA is detrimental to the technical analysis. The exponential moving average (EMA) was created to address this problem. The exponential moving average EMAs are similar to SMAs in that they provide technical analysis based on past price changes. Nevertheless, the equation is a bit more complicated because an EMA assigns more weight and value to the most recent price inputs. Although both averages have value and are widely used, the EMA is more responsive to sudden price fluctuations and reversals. Cause EMAs are more likely to project price reversals faster than SMAs, they are often especially preferred by traders who are interested in short-term trading. It is important for a trader or investor to choose the type of moving average according to his personal strategies and goals, adjusting the settings accordingly. MAs of 50, 100, and 200 days are the most commonly used. How to trade with MA? Generally, a rising MA suggests an upward trend(acts as a support when rising under a price) and a falling MA indicates a downtrend(acts as resistance when falling above a price). Though, a moving average alone is not a really reliable and strong indicator. Therefore, MAs are constantly used in combination to spot bullish and bearish crossover signals. A crossover signal is created when two different MAs crossover in a chart. A bullish crossover (also known as a golden cross) happens when the short-term MA crosses above a long-term one, suggesting the start of an upward trend. In contrast, a bearish crossover (or death cross) happens when a short-term MA crosses below a long-term moving average, which indicates the beginning of a downtrend. One major downside of MAs is their delay time. Since MAs are lagging indicators that consider previous price action, the signals are often too late. For example, a bullish crossover may suggest a buy, but it may only happen after a significant rise in price. This suggests that even if the uptrend continues, potential profit may have been lost in that period between the rise in price and the crossover signal. Or even worse, a false golden cross signal may lead a trader to buy the local top just before a price drop. These fake buy signals are usually referred to as a bull trap. To put it all in a nutshell, Moving Averages are powerful TA indicators and one of the most widely used. The ability to analyze market trends in a data-driven way provides great penetration into how a market is performing. Remember that MAs and crossover signals should not be used alone and it is always more reliable to combine different TA indicators in order to avoid fake signals. Best regards EXCAVO
Education
by EXCAVO
11
ZRX/BTCZRX/ BTC near support line of uptrend channel also we can see a horizontal support zone 0x (ZRX) is an open-source protocol that provides smart contract infrastructure and liquidity to enable the peer-to-peer exchange of tokens on the Ethereum blockchain. ZRX is the token that allows 0x users to vote on Improvement Proposals that evolve the system over time. ZRX token holders can also delegate ZRX to market maker staking pools to earn protocol liquidity rewards (in ETH). ZRX : Token, Platform, Decentralized exchange, DeFi, Substrate, Polkadot Best regards EXCAVO
Long
by EXCAVO
16
5.8.2020 - Binance Coin (BNB / USD)Hi Traders! Today we will look at the exchange coin of the most famous exchange - Binance. We will analyze the BNB / USD trading pair. We chose this pair deliberately, because we have been seeing the potential for evaluation on it for several weeks now, and so far it is developing exactly as expected. The overall target where growth could end is at USD 26.28 - USD 27.55. What do we see on the graph? After a sharp fall, which was recorded in March by all cryptocurrencies and the entire capital market, growth came. Subsequently, we formed a triangle, where the BNB let indicators to cool down and took a second breath. It is extremely important that this coin still holds the trendline as well as high volumes of purchases. If we will break through the white trendline downwards, we would rather end this trade. If that doesn't happen, we'd target the previously mentioned level. This growth is not surprising, as last month the BNB had a so-called coinburn (burning coins). Each quarter, the Binance exchange burns part of its coins, and therefore the amount of BNBs in circulation decreases. This event could also have had a significant effect on rising prices. From a technical point of view, we are currently monitoring the ABC correction, the minimum target of which is based on USD 26.28. May the crypto be with you!
BINANCE:BNBUSDLong
by DolleroTechnology
DowntrendYou can make money from an uptrend or a downtrend in trading. Downtrends tend to move faster than uptrends, which is why you will find some traders who opt to only short sell assets in order to capitalize on the quick price action. Many kinds of research show that financial instruments can trend more than 30% of the time. The rest of the time, the active moves sideways. Do you want to know how to identify and trade a downtrend? In this post, we discuss what a downtrend is, how to spot and trade them. What Is a Downtrend? A downtrend is moving of price action in an asset lower over some time and is most recognizable by prices creating lower lows and lower highs. What you need to know is that a downtrend is composed of two types of price waves. They include: -Impulse -Correction For example, if the asset price was 0.0024, then drops to 0.0014, then rallies to 0.0020 and again falls to 0.012. These price movements will create a price wave. What you need to know is that Impulse price waves are larger (0.0024 to 0.0014), while corrective waves are much smaller 0.0014 to 0.0020. Trends form when the asset price makes progress. It can either be in one direction or another. If the impulse wave moves down, followed by a corrective wave up, it means that the asset price has made a downside move. The downtrend will continue as long as the impulse waves down and corrective waves up in trading. Key Characteristics of a Downtrend Several things characterize a downtrend which is easily recognized in charts as you can see below: Lower Peaks and Troughs Lower peaks and troughs characterize downtrends with lower lows and lower highs taking place as you can see in the chart above. It’s also important to note that trends can form in different time frames. You can have intraday trends as well as macro trends on the daily and weekly charts. News Catalysts News catalysts is another characteristic that can push asset into a downtrend. Increase in Market Participants When the asset price goes downs, the number of sellers increases, which means supply exceeds demand. The increase in market participants who are now convinced that the declining asset price is temporary will begin to rise. As such, the number of customers buying the assets increases while the number of sellers decreases. How to Trade a Downtrend A downtrend occurs across all assets and time frames. Traders can trade them over longer-term time frames such as daily, weekly, and monthly or short-term charts like a tick and one-minute charts. What you ought to know is that the same trend trading concepts apply whether the trader is looking at a daily, weekly, or monthly chart. Tools You can detect a downtrend using technical and fundamental analysis using volume and volatility as well. Use trend lines during trend analysis. By creating a trend line over an asset chart’s high pivot points or under pivot low points. This is a great visual indicator of resistance and support. It also offers a clue to the direction of the price change and speed. Short sellers profit from downtrends by borrowing then selling the assets immediately with an agreement to buy them in the coming future. Also known as short selling, traders benefit from the difference between the lower future price and current sale price. If you are planning on short selling, do so during the corrective wave. Using Fibonacci retracement levels will isolate sections where correction stops and reverses. You can also wait for the correction to stop rallying. By doing so, you allow the price to move sideways, and when it starts to drop, make a short trade. lace a stop loss on every trade to manage risk. Remember, to exit a short trade with a profit the prices need to be lower than what you sold them for. Trading Tips Look for prices to reach previous highs but are not able to breakthrough. This is a good indication that buyers are no longer seeing value in the asset and we could be setting up for a move lower. Use previous highs as a stop location. Look for a break in previous lows to confirm the downtrend. Profits should be taken as prices flush below previous lows and stops should be adjusted to the last previous high. Final Thoughts There are a couple of mistakes you should avoid. Firstly, never fight the overall trend on the higher time frames. If you do so, you may find yourself in a downtrend with no reason to buy. Secondly, never trade too much. Trends are temporary. Even if they are strong or have a potential for making profits, never risk too much on any one trade. This is true, especially if you have a small account or just starting. Don’t be greedy. What we recommend is to start small and scale-up. Starting with a small deposit, you gain crucial knowledge and experience. As such, you will be confident about increasing your trading sizes. Lastly, take some time to learn. To be successful in trading, you need to keep learning. Stay on your toes at all times. By keeping abreast of what is happening in the market. Commit yourself to learn and surrounding yourself with more experienced traders to do that. If this post has 300 likes, I will make a post about the uptrend Best regards EXCAVO
Education
by EXCAVO
13
26.2.2020 - Ether (ETH / USD)Hi Traders! Today we're looking at the biggest representative of altcoins - ETH. Ethereum is very interesting for several reasons. In the community, transition from POW (proof of work) to POS (proof of stake) is now quite a hot topic. This change is also believed to be due to many miners gone mining ETC (Ethereum Classic) and that was the main reason for its graceful increase. However, Ethereum is also interesting for another reason. It's currently in the channel and we can say it's consolidating on the TOP now. We have identified two main zones where ETH can come: 1. 0.382 Fibonacci retracement , where the bottom edge of the channel and even strong support is. Many other altcoins have crossed this line today and continue to decrease, but ETH is still holding. This is the first zone where we would think about buying. 2. 0.618 Fibonacci retracement and in this case, it would be up to around $ 184. Yes, these values are also possible. We believe that ETH will continue to decline and we've also identified two key zones to monitor. But what if growth comes? In that case, we would wait for ETH to exceed the $ 287 threshold. This is the bullish level that we have to overcome if we want to grow further. Until we overcome it, these targets apply. May the crypto be with you!
BITFINEX:ETHUSDShort
by DolleroTechnology
WAVESHi friends, over the past two weeks I turned my attention to waves Firstly, we reached the bottom and began to grow and from the bottom made 100% after that we formed a triangle and according to the classics we have to break it up Secondly, we can see the new volumes that I marked with a yellow circle Thirdly, I noticed that the Waves company worked, and possibly still work, good market makers who helped make a beautiful move at the end of last year 2018 which grew by 400% This is my personal opinion and observation and it is not financial advice Best regards EXCAVO
WLong
by EXCAVO
16
Hello CZ how are you?Hello friends Today analysis BNB coin I can say a lot of good words about CEO binance CZ, about the team and the strategy for promoting the exchange and their coins, but I look at the chart and now I will explain what I see and why. BNB is one of the most liquid coins on the binance exchange, because of the commission on deals, the IEO lottery, the holding of coins, transition projects to their Bockchain, and Margin trading opportunity very soon. A lot of good news, I even saw such articles where people called BNB a new bitcoin. I think this euphoria :) I don't want you making your investment decisions with emotions. In fact, on March 24th, when BNB was on highs (look at chart), Binance announces “Update to the Binance Launchpad Token Sale Format” www.binance.com All in the best traditions of manipulators. On the high people are encouraged to keep the coin for at least 20 days. After that, anonasirovanie buduyuschih good news that everything will be fine. But after that, some more people are prepared for the next Tothemoon and the announcement comes out that the Binance exchange has been hacked, but everything is fine, but the team solved all the problems, but in my opinion if it happened once, it can happen a second time. Information space can be filled with good news. But in fact, everything works cyclically and this situation is very similar to the situation of EOS when they had a minenet Now we see the second cycle on BNBBTC and my first target is the support line for the upward channel 0.0022-23, we will most likely break this line down and the final target is the largest horizontal volumes 0.0016-15 MA50 MA 100 cross in D1 chart
Short
by EXCAVO
9
BitcoinHi friends After the incredible growth of Bitcoin , there was a correction, on which we earned. I never said that I’m a guru or a king or someone else. I don't like this pathos. I’m a man who looks like you and studies the market and I will dedicate this to my whole life. By this, I’m always glad to see your comments and personal messages. In this post I will talk about Bitcoin and potential movements of the situation. We have several serious levels of support - the yellow zones I also showed two trend lines , they are also support lines from which we can continue to grow. D1 H4 I follow not only the Chart, also the activity of people and a special hype among the community is missing, I saw a great surprise and shock from this crazy growth. From the point of view of fundamental analysis , hype around Facebook and Libra pushed the price and understanding of many people that an influx of new people and new money will come to cryptocurrency. I believe in it too This is the beginning of a big bull market as I said in my post and I have a lot of arguments to market grow Psychological aspect A falling wedge was formed locally. This is a reverse figure that should work upwards, and then there are, as always, two options to continue to grow or even test the lower trend line and then start to grow
BITMEX:XBTLong
by EXCAVO
38