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Ethereum struggling to go up with confidenceHello everyone. What i showed in this chart is a clear support and resistance zones from previous pushes and pulls, as well as a big fib retracement showing that we have a MAJOR support line between 765 and 780$. Also, we have somewhat a strange situation upwards, since even though major resistance is high up, between 970 and 1000$, judging by previous resistance and fib retracements, we dont have much buying power to go to the upside, which is shown on the volume chart. Also, we are heading upwards straight into 4h 100 moving average. On top of that, we are not overbought or oversold yet on the RSI side, but it still shows uncertainty towards the upside. I'd say this is a no trade zone for me, since the upside isn't big enough for me to enter such a risky trade. Time will tell where ethereum goes, but so far, it's a stalemate.
BITFINEX:ETHUSD
by CryptoNapp
Steel is looking AMAZING right now!!!!!Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place! I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!! Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it! I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward. Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD! Any questions, leave them down below!
AMEX:SLXLong
by croganm
2
Bullish Move Upward by BTC!This is definitely going to be one of my shorter post, but I do want to mention that BTC is looking really good right now. Positive sloping 5-Day Moving Average, extremely bullish ichimoku, and most importantly, BTC has finally crossed it's yearly VWAP!!! Daily time frame is looking decent as well, we should go to 12k before seeing some resistance and falling back down to the 50 MA, and although uptrend not confirmed, I wouldn't bet against BTC right now. Just my 2 cents.
COINBASE:BTCUSDLong
by croganm
AUDCAD Bullish PotentialBullish Gartley formation to the bottom of weekly ascending channel and RSI close to oversold conditions. ABC potential completion with divergence on the daily timeframe. 1) Never risk more than 2% of your account. 2) Try to be motionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Long
by InvstingWise