Cardano ADA just touched the point of control from December 3rd.Cardano ADA just touched the point of control from December 3rd.
There are of course higher POCs with magnetic attraction but a correction down to the untouched POC at $1.279 matches with FIB golden pocket and volume profile of this upward movement.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Goldenpocket
RUN IT UP BIG DOGBitcoin is coiling up if this support at 40k holds. After todays pump im convinced we are in a triangle on the verge of a bullish breakout, after we tap the golden pocket on the nect triangle retrace. 75-80% trend completion is when i look for a breakout of a triangle. what do you folks think.
AMC -- The Road Up Goes Down, Part 3So, where are we headed? Well, the descending wedge that has formed points to the 8.392 fib @ $13.74. However, I do not see us playing out the entire wedge. That gold box seems like a reasonable zone to aim at, and I wouldn't be surprised to see a touch of $16.95 to satisfy the gap that remains from the June run, but at a minimum the golden zone sits just above the tip of the descending wedge.
I can imagine a scenario where such a move ignites volume, wakes up a latent demand zone which will look like a long wick on a daily candle when all is said and done.
#ANY - Sitting inside of the Golden PocketAny is currently sitting inside of the Golden Pocket when you use the FIB levels from the most recent Swing Low's to the Swing Highs. I made a video break down on ANY which showed some very bullish and ambitious projections by the company for the future it will be interesting to see if this will help propel the share price up if you need another example of this look up my published idea on BLNK
ADA MFI oversold levels, fib levels and fractalToday MFI daily has reached the same oversold level as the bottom of July-September capitulation period.
Fractal of July-September fall looks interestingly similar to the fall of September.
Both drops reached the golden pocket fib levels of around 0.6 which is not surprising.
Will ADA repeat the same story?
Are there enough fundamental news coming up in the near future to compensate for the bearish price action of today after e-toro delisting it?
I'm personally bullish on Cardano at these prices, but is not clear how long we will remain bearish in the short term.
Are you accumulating or dropping the bag now?
Bitcoin claws back lost gains as it looks to reclaim 20MAThe range high is the November, 10th ATH of 69000 (Coinbase) while the range low is 55600. Our current weekly candle (11/14 - 11/20) high is 66300 while the weekly low is 55600. RSI has fully reset from the bearish divergence caused by the rise in price and fall in RSI from October 21 to November 10th and is currently at level 45.20 moving towards 50 on the daily chart while it's at 41.68 moving towards 50 on the 12 hour chart and at 50 on the 4 hours chart where we see a switch from bearish to bullish MACD. The RSI on the 12 hour chart foreshadows a potential bullish crossing of the MACD and Signal line which indicates the possibility of rising price action. This portends the price moving upward towards the resistance at 60k and potentially retesting the 20MA.
As always do your own due diligence. Not financial advice.
KEEPUSDT 6H long setup; Bullish cont. after finished pullbackTA explained
KEEP seems to be ready for a next leg up. Pullback was completed when bouncing from Golden Pocket level and previous top (lowest green dotted line).
After the bounce the 6H (and 4H) 50MA got broken strong and is retested right now.
Trade setup
Best entries: 0.6847 - 0.7325
TP1: 0.8442
TP2: 0.9774
TP3: 1.1733
SL: 0.6238
RR: 5.52
Max leverage: 1
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MDSquared Crypto Lounge
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
SKLUSDT 4H long setup; Perfect W-formation neckline retestTA explained
SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket.
Targets align with the extended fib levels calculated from the current pullback.
Trade setup
Best entries: 0.329910 - 0.345500
TP1: 0.45880
TP2: 0.53836
TP3: 0.62286
SL: 0.30903
RR: 10.11
Max leverage: 2
—————
MDSquared Crypto Lounge
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
bearish on short term but bullish on medium and long termI'm closing long position and waiting the next btc move,
If broke the 56300$ resistance i will open long position with stop loss at 55k,
If not there is a possibility for a bart pattern, with support on fibonacci level and strong support on dynamic green line witch coincide with golden pocket 0.61-0.65.
Sushi breakout to around 13.24
Head and shoulders gives us a price target of around 12.63
Ascending triangle gives us a price target of around 13.24
Swing high, and swing low golden pocket also gives us around 13.24
Several points of confluence around the 13.24 price for SUSHIUSD based on chart patterns.
Not financial advice always do your own research before trading.
BTC - Golden Mean Test ApproachingBTC broke-out of a Bull Pennant after a tidy back-test of the fifty percent line (64.9-28.8K). With Equities in a Fall Slump, (with an oversold bounce today not withstanding) , BTC is looking up at a second try at the Golden Pocket. The first attempt saw an overthrow of the .65 level, a sharp reversal, and a subsequent Diamond Reversal Pattern.
BNB Update.For BNB lovers.
Looking at BNB from within the 1D time frame, it looks like a fast bullshit.
The BNB trade journey has also taken the form of a large symmetrical triangle. I believe it will act as a continuation pattern.
It's another feature of the MA strategy that I follow, and I think the two stochastic lines will cross soon.
According to the analysis, if the Golden Pocket Zone you see breaks strongly and goes up, at least it will go up to 33% or so continuously.
Both futures price caps are clearly marked, and if BNB prices drop below $ 380, this analysis will invalidate.