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$ONT $USD $ONTUSD Roller Coasting Monthly Starting with our higher timeframe we see ONT has been following our downtrend since being introduced into the crypto space. Our naked chart shows the last time we were at this price we bounced from $0.55 up to $2.00, will we be seeing the same movie? ONT looks like it found support once again at this level, still the beginning of the month however we are seeing blue. The trend is your friend until it bends. Weekly (Naked) Shifting over to the pattern timeframe we see the price has tested this level on multiple occasions (4x's) with no signs of breaking this support level. Stochastic RSI showing momentum in bears, however, the bears looking like they are slowing down. Smaller timeframes may show us an early entry. Weekly (Drawn) Sticking to our pattern timeframe, with a closer look at recent price action we see multiple weekly attempts to break below $0.50. This week's candle now looking to close above our resistance of $0.60. Strong weekly downtrend shown, a break and close above $0.70 confirms a second push towards the upside (after a retest of our breakout). A push towards $0.70 gives us a 16% gain with an entry at market price. Daily Finally looking at our trigger timeframe we see ONT now looking to set a higher high, a close above $0.58 validates this trend. Stochastic RSI showing an uptrend in momentum, higher low in the price shown above. However price also showing exhaustion within the most recent daily candles, and should expect a short term retracement. A daily close above $0.60 activates this trade, the first target would be $0.70. 4Hour (Bonus) Lastly looking at our 4hour timeframe we see ONT has found resistance $0.63 and is now looking to make a retracement. Stochastic RSI showing momentum was in favor of the bulls, however, we are at a temporary halt. A 4hour close above $0.62 indicates we are heading towards the upside for our 2nd leg. ONT retracement would look like a drop towards $0.55 to form another higher low, which would also leave us a (wammie) double bottom inside the $0.50 zone. (2) possible entries are shown, both can be set with limits or stops. No need to stare at your screen all day. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
BINANCE:ONTUSDLong
by UnknownUnicorn2434649
$XRP vs $BTC $XRPBTC (Update) Not A Hero Weekly (Zoomed Out) XRP continuing to respect descending channel, stochastic rsi showing momentum to the downside is slowing down. Price is currently testing our uptrend line for confirmation, a closer look will give us a better idea. Every time XRP breaks out of a descending pattern we see a short climb towards the upside. Weekly (Zoomed In) Zooming in on our weekly we see this week we see price tested our dynamic resistance of the descending channel. Expecting a follow up with the upcoming week, this is an ideal zone for a double bottom. A push towards the upside from here could lead us to 0.00004000 satoshis. Rejection from this dynamic resistance could send XRP to the 0.00002000 zones. Daily Shifting to our pattern timeframe we see our daily candles showing support at 0.00002500, stochastic rsi showing momentum looking to shift towards the upside. The price showing bullish divergence, strong resistance at 0.00002900. Last time XRP was at this price we saw a jump from 0.00002400 all the way up to 0.00003700 giving us a 50% gain. Price action history shows us price tends to have the same behavior when major support/resistance is confirmed. 4Hour Finally looking at the trigger timeframe we see the price now looking to head towards our dynamic resistance. Stochastic RSI showing momentum in favor of bulls. Firs tp looking like an 18% gain, a 4hour close above 0.00002600 activates trade. Rejection from this level and it could get ugly for XRP Fan Boys & Girls...
Long
by UnknownUnicorn2434649
$BTC $USD $BTCUSD Carry On Weekly BTC weekly showing a potential close above our $7,750 resistance, stochastic RSI showing momentum shifting towards the upside. A close above this level is a good sign price will continue towards the upside. Expecting a small retracement next week, followed by a wick fill. Daily Shifting over to our pattern timeframe we see the price has broken its inverse head & shoulders and is currently being tested for support. Stochastic RSI showing a slow down in momentum, however, let us not forget indicators rely on price. A daily close above $8,000 leaves a higher low imprint, and we can expect our dynamic resistance of $8,700 to be broken. 4Hour Finally looking at the trigger timeframe we see the price currently making a move towards $8,100. A 4hour close above $8,000 activates trade, Stochastic RSI showing momentum shifting towards the upside. Expecting a radical move to happen in the following days. A rejection from $8,000 can still send BTC towards our $5,500 level. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
COINBASE:BTCUSDLong
by UnknownUnicorn2434649