Get started

Previous

Cardano (ADA) Hitting $58B By Year 20?Cardano (ADA) is now trading at $0.992, a 2.73% drop from Friday’s value of $1.021M. The cryptocurrency’s price has been on a declining trend since the start of February. Within the next 24 hours of trading, ADA is expected to trade at a low of $0.989 and a high of $1.04M. It has a 24-hour trading volume of USD 1,415,938,600M, with a market cap lower than previous weeks. Cardano’s price may retrace by 23.6% on its first level, according to the Fibonacci Retracements level. The FR level indicates where support and resistance are likely to integrate. The group also forecasted that the smart contracts-enabled, peer-evaluated currency will end the year at $2.72M. Its price could be headed in that direction as soon as investors build some upward momentum, with the current trend offering a buying opportunity.
BITFINEX:ADAUSDLong
by Erica6560
Bitcoin dances betwixt Fibs & PSAR.My chart is busy, but I've had many of these support and resistance levels in place for some time. They have confirmed and reconfirmed themselves time & again. That goes for they key diagonals as well. I'll elaborate... The fib that we defined during the 2019 bull run certainly contributed to the current reversal we experienced at ~7373, but there were other factors that contributed to significant trading just below that during the holiday season. Simply, it was a convergence of a lot of key support & resistance levels as many of you no doubt noticed. The often cited 14k top on 26 June of 2019, as well as two highs set in July and all throughout September laid out a framework for diagonal resistance that intersected with the diagonal support set back in February & March. This triangle was confirmed shortly before the breakout when trading lows hit ~6530 in late November. These diagonal S&R; lines played a crucial part in confirming the active fib of 2019 & vice versa IMHO. That only goes towards explaining how we got here. I mean, anybody could have written that just now but check out my twitter and you'll see I've always had those diagonals drawn from early on. The pertinent matter and the reason you're here is, what happens now?! Obvi, IDFK! But I will say that we have stalled here because of the major resistance at ~9200 and the 0.618 fib @ 9853. It's gonna take some real energy to get us up beyond that but.... There is that other diagonal way up there. Where did it come from?! There is more here. So much more my friends. But in the words of Kevin Flynn, "That'll have to wait till next time". I'll part on this note. We shouldn't forget about the fib set in 2017. And if you draw resistance from the 20k top of 2017 and the 14k top of 2019... Well look at that. Furthermore, draw long term support going back to the beginning! Interesting things abound for the future. People are expecting this 100k moon soon. But I say stabilization abound for a couple year at least. Ya'll stay on it. I'm gonna go zen out for a bit.
COINBASE:BTCUSDLong
by JBenavidez
HMNY Bullish on CCI crossupThe CCI crossed above +100 in the last couple of days, and this is a good way to find stocks that are in the beginning of strong moving trends. The CCI has also reached an all time high, extremely bullish, and the price has gapped up over previous highs turning those areas into support. When the chart is moving fast like this, using the previous highs that are lower than the current price as stops, is a valid way to anticipate trade reversals and lock in gains. If the chart breaks out to new highs above all previous highs, then switch to using previous lows as stops including considering upwards diagonal lines. This is an excellent way to manage and keep trade risk to a minimum while enjoying continued high percent gains. Placing stops with the price structure that the chart gives you can provide better risk management, than trying to conform all charts generically to an indicator stop or value that is derived from price instead. Support and resistance lines do not change, but indicators do.
HLong
by trademan1