KernLooking bout ready, we took a nice play on this back in Nov/Dec 2020 and looking like its setting up for another nice play. I like that price looks to have broken the down trend and a previous low with a strong bullish engulfing candle. I think as long as price stays above this anchor candle(the bullish engulfing candle) that price will begin to move towards the indicated target areas
Noobfriendly
61.8% recovery ?MATICSo from looking at the MATIC / BTC charts we have already done a 50% recovery from the bottom but I think we may see 1 more leg up to the 61.8% fib level before another pullback occurs. This is not a guaranteed leg up so I am watching closely to see where we go but it can turn downward very quickly considering the bearish flag forming in bitcoins hourly charts.
This is not Financial Advice so please DYOR before investing into cryptocurrencies. This is a very volatile market and no place for ignorance unless you want to give you're hard earned dollars / fiat away to other people who took the time to educate themselves.
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Possible Bull Flag in the 6HR Time FrameSo from what I can see on my laptop which has a small screen because I am at work while looking at these charts I do see a bull flag forming in the 6HR time frame. So I have personally bought back in at $1.56 & I will be waiting to see what is gonna happen over the NEXT 24 - 48 hours. #markcubanforthewin!
This is not financial advice this is only my personal opinion using tools I know in order to produce a good analysis. Please DYOR before investing into cryptocurrencies because they are EXTREMELY VOLATILE and you need to understand in this market if you want you're long term assetts to last you must invest in fundamentally strong projects.
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2 ideas for $MATICSo these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours.
This is not Financial Advice only my opinion using tools that I know and understand in order to produce a good analysis. Please DYOR before investing into cryptocurrencies considering the level of volatility in this market you need a good understand of it.
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Entry Position for Matic/USDSo I know a lot of you have trouble knowing when you should reenter the trade or even enter the trade so I made this up to give u a idea of where u need to be entering into the trade if you sold at the 78.6% lvl and then are now waiting for it to settle. I would say it is going to just barely touch the 61.8% support and bounce off of it and start heading back up to retest the old ( ATH ) and set new ( ATH ) and so on. So if you are waiting to reenter into a long position then this I think will be the best area to do that.
This is not financial advice this is only my opinion using tools that I know in order to produce a good analysis.
Thank you all of you for supporting my technical analysis and I hope to continue to see you all in the future! We are shaping a future for our children and our children's children by supporting blockchain technologies ! If you have not yet started to DYOR on blockchain in general then I highly recommend you do so. Blockchain is indefinitely going to replace fiat / currencies as we know it today and there is a strong chance it may even help other countries that have broken financial system begin to thrive and flourish and catch-up to us larger countries.
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New idea for matic.So from my previous post I said it would most likely pull back some once we hit this level. But from what I see on the hourly chart we might have enough upward pressure to take us up to old (ATH) and maybe set new (ATH) before another 30 - 40% pull back occurs. I only think this because of how we are consolidating right now. Usually when consolidation is going on in these particular circumstances you will see a breakout to the upside. So yeah, this is what I think we should be looking to see over the next 24 hours. So if you have not taken a position and you want to get in MATIC this I would say now is a good time but do not forget to set you're stop losses just under the first resistance level.
Plus there is a shit ton of hype around Polygon w/ Mark Cuban getting in and what not.
This is not financial advice only my opinion from years of trading with tools that I understand and know in order to produce a good analysis.
As always,
Happy Trading Traders & NEVER TRADE LEVERAGE!!
Breakout incoming for ADAWatching closely on the hourly for a breakout to the upside possibly. I left a guide in the RSI area of the chart for you all to look at.
This is not Financial advice, This is only my opinion using trading strategies & tools that I have learned over the years of being a Day Trader.
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Sell Offs Over? Here's a Idea on ADA.So from what I am looking at on the 1hour time frame and the 15 minute time frame is that we have seen the bottom twice which is at around $1.05 and it bounced off that level twice now. I do strongly believe we double bottomed and bounced off the strong $1.05 support level and are now beginning to start to form a new Uptrend and head back up to rechallenge our ATH. I DO NOT BELIEVE THIS IS THE BEAR MARKET!! I only think this is a bearish trend / cycle (**Inside of a bigger bull trend**) and that after that 2nd bounce we have firmly held our support level of $1.05 and can now start moving back up. As far as how long this move takes I can't give you a estimated time frame. But I can tell you a 100% fact is that you can't get huge gains in crypto without seeing some major profit taking. This is why I can't stress enough to newer investors to only invest BIG MONEY in projects that are fundamentally strong and have a solid foundation built underneath of there large fomo driven communities. So hopefully all of you that have been following my TradingView held on to there panties during this pretty much normal behavior profit taking and are now ready to get back on with the bull run. Now I can say for sure 100% without the shadow of a doubt that this bull market will eventually end but do I think it is now? Absolutely not and for multiple reasons at that. We have more money flowing into crypto markets then ever before. We have wealthy banks, Institutional Money & even Governments getting involved in the crypto space. United States has not shown any type of behavior leaning towards any type of bans only regulation which is to be expected when you're dealing with trillions of dollars and you keep seeing "Rug pulls" in the Coindesk breaking news headlines pretty much on the regular with platforms like Ethereum not keeping there platforms projects clean for the space which leads me into my next belief that Cardano will be King one day. The way Charles Hoskinson communicates with the community and how he doesn't play favorites or shill certain projects tells me 100% without any doubts that its all fair game and that is what makes successful communities. You can have the best technology in the world but if you don't have a community willing to develop on you're platform then you're not going to get anywhere. Cardano 2021 , 2022, 2023, 2025 are going to be some INSANE times so just hold onto you're panties Boys & Girls and make sure you HDLE, Buy, Sell, Repeat because I can feel it in my bones #Cardano is taking us to the promise land!!
This is not Financial Advice only my opinion using trading strategies & tools that I know in order to predict a analysis of my own. If you are new to the space then I suggest DYOR, Learn TA & NEVER TRADE LEVERAGE!!
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Reverse head & shoulders pattern forming in the hourlySo yeah there is a reverse head & shoulders pattern forming n the hourly fairly nice looking at this time it is 8:59 AM EST I would say by tomorrow we should be on the upper side of things. I could be wrong so please DYOR & If you want to be safe just wait for confirmation that you're comfortable with.
This is not financial advice this is my own opinion using tools that I understand and years of trading experience.
As always Happy Trading Traders & Never Trade Leverage.
Breakout still coming!I believe the breakout is still coming it's just gonna do a bit of up and down until were sideways and then BAM you know the drill ya'll.
Breakout to the upside coming soon for $ADASo from looking at the 15min chart $ADA is looking at a breakout to the upside most likely soon. So if you are waiting to buy I think now would be a great time but I understand if you are waiting for a confirmation but from the dump on the last 2 days of hell and from previous chart pattern history I would like to safely say I think a breakout to the upside is coming up soon.
This is not financial advice only my humble opinion from years of trading, DYOR before investing into any cryptocurrencies of any nature!
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Incoming breakout for $MaticSo from my charts in the 15min & hourly time frames I do see a breakout to the upside possibly coming sooner then later. If you are thinking of investing into $MATIC then I would say now is a good time to buy before the breakout. But if you want to be on the safe side of things just wait for confirmation but in my own honest opinion I do believe after the last 2 days of hell the major corrections are over with and $MATIC is going to continue it's uptrend most likely challenging the recent (ATH) and possibly going back into (price discovery)
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This is not financial advice this is my own humble opinion of what I have learned over the years of trading. I never claim to be 100% accurate but I will say I am a pretty profitable day trader so stick around and you might learn some things if you are a noob. If you are a seasoned vet then please drop some comments down below and I will happily get back to you when I can.
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Reverse head & shoulders patternReverse head & shoulders pattern looking very good for ADA atm. HDLE strong because we may be heading back up to re challenge the recent ( ATH ) !
Short / Long position on the ADA forcastSo it looks like we did fall under the support which has now flip to resistance. I am taking a short position and then I will be taking a long position once we figure out which way we are headed but for now there isn't another support until 1.05 so enter at you're own risk but I am going to sit it out until we have a confirmation that we are indeed heading back up towards the 50 & 61.8 fib levels.
ADA UPDATE TREND ANALYSIS!! <LONG><TERM>So from what I can see on the 15min time frame we are indeed going to go up for a bit I think we may reach the 78.6% resistance line before another short pull back occurs but anything can happen with all of the instability going on with Bitcoin and all of the scarcitty in the markets right now in general. Proceed w/ Caution and take profits accordingly because you never know when a reversal is coming considering ADA did sell off past the 61.8% support on the daily chart which is usually a #1 indicator the trend is over.
This is not financial advice only my humble opinion on what I see with the tools that I know for trading.
I have been trading for a few years and I do like to think I am pretty profitable at it. I learned from a lot of BIG losses and never aloud the losses to discourage me from learning more and more. I still study everyday on new strategies , new indicators & ALWAYS pay attention to the fundamentals of today's world it effects the markets more then anything if you ask me.
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Happy Trading & Never Trade Leverage!!
ADA HITTING 61.8 SOON THEN PULL BACK DOWN.So I believe ADA should stop soon and reverse and head back down so take profits soon were the red cash symbol is then buy back @ green cash symbol.
ADA NEEDS TO CLOSE ABOVE THE 61.8 SUPPORTSO AS U CAN SEE I WAS RIGHT WE FELL TO THE 1.54 - 1.72 RANGE AND EVEN LOWER NOW WE NEED TO CLOSE ABOVE THE 1.57 LEVEL OR TREND IS OVER.
Daily Char for $ADASo I don't think we are going to get to much more downward pressure, we may see some struggle to start moving back up but I am almost positive we will gain traction and that this bull market is not coming to a end. There is alot of negativity towards Bitcoin right now and that my friends is just bad for the markets when you are the main dominance over the markets. Once Bitcoin finds stability we should see a nice alt season and most likely a very nice cardano push back up to retest the all time highs and then go back into price disovery mode but you must be patient in crypto and never underestimate the power of fundamentals and scarcity. When everyone's selling if you're in a fundamentally strong cryptocurrency project then chances are you should be buying the dip and HDLE for the next bull cycle which always comes around in crypto land. Buy the dip, sell the high! Not as complicated as some of you think just learn, observe, educate yourself before throwing money in this highly volatile market. And always DYOR before investing.
This is not financial advice, This is only my humble opinion after a few years of trading cryptocurrencies.
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ADA falling to $1.74 - $1.55 levels.From what I can see on the daily chart, the hourly charts, the 15min chart $ADA is looking to fall back down to around $1.74 - $1.55 area for the short-term pull back I expect a very large pump back up to challenge the $2.49 ATH once we hit the bottom of this downward pressure. But if you have any opinions please leave you're comments down below and I will get back to you as soon as I can.
ADA trend is now over it sold pass the 61.8 supportThe ADA Trend is over it now has be over sold and this is a indicator that there has been too much selling and ended the trend. If you are long-term then just HDLE but if you're day trading I would watch very close and may need to buy back at a lower price.
ADA ON TRACK FOR 50-60% RECOVERYFrom what I can see on my chart in the 15min time frame and the hourly time frames we are looking at a 50 - 60% recovery before another short-term position takes place.
This is not financial advice please DYOR before investing into cryptocurrencies this is my personal opinion on my own Technical Analysis and I never claim to be 100% accurate I only use the tools I have learned over the years of trading to try and get a good analysis.
As always,
Happy Trading & Never trade leverage!!
Currently on the 61.8 support BUY NOWThis is the lowest ADA can go without ending the TREND if we go below the 61.8 support then the trend is over but this is definitely a great ENTRY position so please DYOR and this is not financial advice however if you're looking to ENTER ADA this is a great area.
Double Bottom / Buy after confirmationSo it looks like the right shoulder didn't have enough gas to go back up so we are forming a double bottom but don't worry the entire market is down because BTC is falling from the energy consumption bad reputation Bitcoin is currently earning from all of the Mining going on in china that is producing to many fossil fuels for our Planet to deal with. If everyone keeps mining bitcoin like they are now then the temperature if the earth will be raised by 2 degrees by 2025, So if you are looking to get into Cardano which is the Largest proof-of-stake platform in the world I would suggest DYOR and then refer back to this chart for you're entry point which I would say NOW is a great time to buy and HDLE. Cardano in my strongest opinion will be worth $10 - $20 by end of 4th quarter of 2021.
Thank you & happy trading!
This is not financial advice! Please DYOR before investing into anything in the crypto space & never trade leverage!!
