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GBPUSD - LONG ENTRY PRICE - 1.39350The impulse to the North continues to develop towards the target in the supply zone 1.40800. The price passes the 1x1 support line. GBPUSD - LONG ENTRY PRICE - 1.39350 SL - 1.38700 TP - 1.40800 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader
ADA - Show us your POCBefore everyone goes screaming to the hills asking Charles Hoskinson for their money back, remember that with shorter timeframes, one must expect pullbacks and short-term downtrends now and again, it enables the market to remain healthy, enables compound interest from the peeps who took profit at the ATH to re-invest that CI and also encourages people who missed out, to buy back in at a cheaper price. Although for some reason, most people feel comfortable buying BTC $42K the they do at $31K, absolutely crazy 🤯. First and foremost let’s look at the daily chart, ADA is still in a longterm uptrend, and will be unless it breaks through its Leading Span B (Senkou Span B) Cloud (Kumo) Support and into the Bearish Zone along with the Lagging Span (Chikou Span). Obviously this all depends on if you are a scalper, day trader, short-term, mid-term, longterm or just Hodl-ing for the next 5 years because this will all be dependant on what your timeframe of choice & whether or not you believe in the Ichimoku Cloud system. The RSI is indicating we are out of the Overbought area and we still have room to drop, although that’s no indication we will drop. The ADX DI SMA is indicating we are still in a longterm uptrend because the -DI (Red Line) has yet to cross over the +DI (Green Line) which would indicating a downtrend on the daily. The ADX (Yellow Line) is at 45 indicating a strong trend but we have fallen under the 10 period SMA (White Line) which is at 52, so we need that to reverse for renewed strength. A key point to look out for is if this daily candle closes above its Bollinger Bands Midpoint basis, if that happens then i’m getting the Kleenex out. Notice that we have a new developing POC (Point of Control) at around $0.31, so that is something to keep your good eye on especially if the buyers out weigh the sellers. If ADA does dip further, i cannot see it dipping past its Base Line (Kijun Sen) Support and certainly not past its 50EMA on the daily. Well, maybe if BTC shits the bed down to £10K 😅. Obviously its best to check earlier timeframes to get a sense of what’s happening there and what may happen on the daily. Once this daily candle closes, and also where it closes, we’ll have a much better idea of what to expect. I hope this is helpful 👍
BINANCE:ADAUSDLong
by TradingThroughTheLens
8
NWCUSDT Daily S/R| Volume Profile| .618 Fibonacci| Price Action Evening Traders, Today’s analysis – NWCUSDT- Trading above Daily S/R with the .618 Fibonacci in confluence, Points to consider, - Price Action Impulsive - Daily S/R Support (.618 Fibonacci Confluence) - Long Liquidity Tapped (POC S/R Support) - Oscillators Dynamic S/R (RSI & Stochastics) - Declining Volume - Swing High Objective NWCUSDT’s immediate Price Action is impulsive, acceptance above the Daily S/R allows for a bullish bias as this level has technical confluence with the .618 Fibonacci. Price Action has also tested untapped long liquidity with the POC S/R coming in as support; this is a strong indication of Demand being present at Lower Levels. The Volume Profile is currently declining; this is an indication of an influx being imminent, especially when testing key trade locations. An influx will lead to a volatility expansion in Price Action. Oscillators, the RSI and Stochastics have respective Dynamic S/R’s that have topped major lows in the prevailing trend. Holding above and re-entering respective Bullish Control Zone’s will be indicative of strength, Swing High is the immediate objective, taking this level out will maintain the Bullish Market Structure as the current Higher Lows are still intact. Overall, in my opinion, NWCUSDT is a valid Swing Long with defined risk; Price Action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Long
by AzizKhanZamani
2
December Squeeze for MSFTNASDAQ:MSFT had a short interest of 1.1 in the month of November. Since the beginning of the month it has formed lower highs and higher lows in resemblance to a wedge. The most traded price was during this month was around 216.34 and I believe that this price being broken along with the ascending wedge breaking, MSFT could chase 221.86 or higher. The CCI sits on its reversal line and many questions still remain, however if there is continued positive vaccine news and the new Xbox continues to sell, MSFT seems to hold a lot of upside at this price.
NASDAQ:MSFT
by crawfordpaul
EOS- Big three Dapp platformsEOS, along with ETH and TRON, is one of the three most popular decentralized platforms in terms of amount of dapps, # of users and overall transaction and volume. It is down more than 80% from ATH and is one of the top 10 most popular coins on CB. However, there doesn't seem to have any short-term catalyst for price momentum according to derivative data and fundamental analysis. I think it will be nice to slowly scale in in the demand zone and have a small percentage of your capital allocated to EOS. Set the stoploss below the daily POC. Just my two cents. Not the investment advice.
by Libratus
2
Dash- Overlooked 10x play, but not forgotten. Dash is a semi privacy-focused coin. Anon coins overall have the most user cases, but haven't caught much of investor attention lately due to the rise of BTC and DeFi governance tokens. Dash has the potential to go 10x and it is lagging behind other top coins/tokens in terms of how far its price is from ATH. Get in now because of the pullback of entire crypto market or scale in slowly unless the price falls below 60-65 range. All other technical factors look fine and all it needs is some fundamental catalysts. Swing to intermediate setup. Wait patiently and you will be rewarded. Just my opinion. Not the investment advice.
KRAKEN:DASHUSDLong
by Libratus
1