Get started

Markettrend

Chainlink make a confirmation to entry in long position!!!Ok, at the moment, in my previously technical analysis, I mentioned that Chainlink it's formed a bullish shoulder head shoulder inverted, but never touch my buy order limit. So as little update, we have another long position to bought Chainlink at $!3.50 USD put a buy order limit at this price with a SL at $12.90 USD. Don't worry, but I know that the market it's not perfect, but my previously technical analysis was good, the only that I will going to cancel up my previously technical analysis and then, make this update. Now, looking in H8 timeframe, the trend it's bulliish and we're go to $15.50 USD. So, this it's my details: 1. Position: Long 2. Entry Price: $13.50 USD (Buy Order Limit) 3. Stop Loss: $12.90 USD 4. Target Profit: $15.50 USD Good luck in this long position!!!
COINBASE:LINKUSDLong
by harisonhbn9718
1
Bullish breakout on TOTAL2...Altcoins: "IS IT MY TURN YET???"This chart shows total market cap of all cyptos minus BTC. It's an important indicator for identifying altcoin market trends. You can see the bullish divergence on Stoch RSI has played out with the breakout from the triangle (or bull flag). We are seeing a retrace right now, but if this bullish breakout gets confirmed by a retest of support at the top of the pattern, we will see a lot more gains from Altcoins in the coming months. A confirmation of the bullish MACD cross on the 1D TF would support this idea. This is contingent on BTC however, which has reached the top of the rising broadening wedge pattern to which it has stayed surprisingly faithful. This makes me anticipate a retrace toward the bottom end of the wedge, but who knows! BTC just broke ATH and may surprise us all... another push higher would continue to steal the altcoins thunder in the short term. happy trades ~ CD
CRYPTOCAP:TOTAL2Long
by cryptodonovan
A Scenario for Inverse H&S for PINS There is no clear sign that this formation can take place but taking into consideration a major correction coming up in the near term for markets in combination with some gaps that have to be filled i expect pins to form inverse H&S. Interestingly when pins announced the latest result the stock crashed back to $15. There are plentiful stock to be sold from the owners and the stock is following the market move and sentiment 100%. Waiting to build a position for the long term here.
NYSE:PINS
by Philoslother
Small thought and notionHello beautiful person! Hope you all are doing great today and did you manage to collect some profit during this approx 10% price movement of BTC? Just wanted to pop in quickly and share a thought I have on current market movement, because I spotted an very small divergence on the RSI on 4 hourly chart. If you are in the market today or are ready to commit to some trading, please take a closer look into the indicators and the news to re-check your strategy; just to be sure. After the initial spike of buy order, which happened within a 4-6 hour window, the market has been horizontal, but the RSI is pointing downwards; which could indicate a change in trend, or just due to "white noise" in data. I switched to Heiken Ashi to see if the divergence changed, but it did not. Overall market cap has not increased much over the past 7 days that comfortably describes the sudden spike of buy orders that got us to the price level we are seeing today. That combined with the overall trading volume afterwards have not increased either, the question then remains: will this price level hold? Summary spotted a small divergence on RSI, that could potentially indicate a trend reversal. The rest of my momentum indicators are still showing strong continuation of current trend. Volume and total market cap is not much changed. Be cautious and re-check your own charts and indicators before trading. PS Seems like the Alt-coins are getting some price and volume increase, for those of you who are interested in that market. Stay safe, and keep on doing great things!
by egilagre
Risky times in SPXSPX has made a good recovery after the initial drop to 2346.58 and it has been closing in green for days and even weeks. However... we, as traders, should pay attention and not waste our capital. Things to pay attention to (bullish): SPX is in a moderate support/resistance area. It has broken out for the moment, but in order to confirm that and expect another green candle, we also need to close above it. After 4 weeks of trading green, we managed to raise by ~11.5%. Price superbly held the 200EMA on the weekly chart, thus validating the supporting moving average. Things to carefully pay attention to. We have not broken the downwards trend line, which means that this can be a dead cat bounce and market taking a breath before dropping even further. We have psychological round number being near the falling trendline at the $2650 area, which makes sudden upward breakout less likely. We have a death cross on D1 with 100 & 200 EMA, a very bad sign. Thus far, we have lower highs and lower lows - a classic downtrend. The rise was not accompanied by high volume - it is still lower than 20MA on the volume chart, showing less demand. So, as a conclusion, if the SPX manages to stay above the current support/resistance area and close above it, then we have higher possibilities of having more upwards movement. Nevertheless, the way for breaking out from the current downtrend is not easy. Volume is not supporting us, the resistance at around $2650 area is strong and the trend is falling and there is a possibility of just making another lower high, before making another drop. This is not a suggestion (or, in my opinion, the right time) to take a position right at this moment. If we want to go long, then we first need to make higher high. If we want to go short, then we should be patient and wait for a bit more confirmation (like a drop below the moderate support/resistance area or when the price is not willing to pass the $2650 area). Take care, and defend your capital - it is the only thing keeping you alive.
SP:SPX
by SparkLife