Priceprediction
BNBUSDT (BINAINCE COIN) Struggling to BREAKPOUT! ANALYSIS 🔎
Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here!
- BNBUSDT is consolidating in a descending triangle pattern.
- I think relatively a big move is imminent if we breakout the descending resistance
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle inclined resistance.
- Downtrend ⬇️: breakdown below support.
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The Golden Cross Against The Death CrossThe Golden Cross Against The Death Cross
What is a simple moving average? A simple moving average of the price is a mathematical method by taking the sum of the price in the timeframe you decided to use and then divide that by the total number of the price you decided to use. An exponential moving average of price places more weight on recent price.
What is a Golden Cross? A Golden Cross is when the 50 units moving average crosses above the 200 units moving average.
Predictability of a Golden Cross? Usually Bullish
What is a Death Cross? A Death Cross is when the 50 units moving average crosses below the 200 units moving average.
Predictability of a Death Cross? Usually Bearish
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
LRC - Price Prediction - Recent Very Positive News!Hello Traders,
LRC is another great project that hasn't shown its true colors yet.
We have to remember that LRC once traded at more than $3, which leaves a lot of room to grow to previous highs. I believe it's very undervalued as of right now and there could be huge potential down the road. Some very positive news came out recently.
LRC is currently being looked at as one of the top layer-2 DEFI exchanges, closing more than $590 Mil in transactions this year. "Cointelegraph wrote, traders are migrating to Loopring to escape the higher/ raising fee's currently associated with Etherums mainnet. "
Though I do believe we are still in the infancy of what Loopring will be able to offer to its user and what the true value will become of its native toke, LRC. As of right now, the LRC token makes up more than 40% of holdings currently on the DEFI exchange. But once we start to see some of that love spread out between other coins, we should see an increase in LRC's price.
Price Prediction: It's quite possible that the current market cap of $699,908,577 could increase to around $1.4 Bil - $1.8 Bil.
Broken down: 1.3 Bil. (est. Circulating Supply) / $1.4 Bil - $1.8 Bil (est. Market Cap) = $1.07 - $1.38 (by end of 2021). This would result in a 130%+ ROI from the current price.
This is a long-term approach but for the short term, we may see a small breakout to retest recent highs.
Also, take a look at how close the ALT. Prep. and LRC is following each other on the hourly chart. I'm keeping an eye on both to help better understand where LRC's price is moving to next.
Good luck!
A Potential Bullish FixerA Potential Bullish Fixer. Bearish divergence on Feb 10, 2021, when the stock was topping at around $65. On Feb 18, 2021, the bearish divergence completed the pattern followed with a market sell-off immediately to around $42. Now, this stock is a potential bullish fixer. What do I mean by a potential bullish fixer? It is becoming less bearish and has the potential to reach a price of $59. This type of trade I think is risky...
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
More correction is possible for NIO More correction is possible for NIO
NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
More correction is possible for TSLAMore correction is possible for TSLA
TSLA Price Bar Chart is still bearish. It is possible for this stock price to drop further to a price target of $680. -DMI is still very strong and ADX is still rising.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
ZIL breakout expected Wed, 24-Feb. I believe the .1655USD line of resistance will hold forcing ZIL into tightening wedge. I expect it will have to decide on wednesday what to do. Based on all the bullish signals, I'd have to go with a break up forming a new line of consolidation just under .18 USD. Thoughts?
DOGE BREAKOUT INCOMING?! Is it a Bull flag or a Dead Cat Bounce?There are 2 scenarios for Dogecoin right now, either we are seeing a dead cat bounce or a massive pump is imminent. I am going with the more bullish scenario. Dogecoin looks to have been accumulating in a huge bull flag this month. We had a clear breakout from the channel and attempt at 0.065 cents, but we are now accumulating once more as a retest of the trending resistance level. If the pump happens it will be in the next several hours or at most the next couple days.
ZIL to .145usd by Saturday, 19-Feb looks solidCan ZIL hit .145USD tomorrow (sat, 19-feb) and stay above. hope so! this would be a good support level for testing ATH next week. Looks very possible. Thoughts?
How to trade stocks with call and put options?How to trade stocks with call and put options?
Why one may consider options trading?
One may consider options trading to generate income, to hedge his or her portfolio, and to speculate the next price move.
What is a call option?
A call option allows the option buyer the right, but not the obligation to buy a security at a predetermined price within a specific time period.
What is a put option?
A put option allows the option buyer the right, but not the obligation to sell or sell short the specific security at a predetermined price within a specific time period.
Why options trading involves substantial risks?
Options are financial contracts with a predetermined expiration date. Options have a time decay factor. At the expiration date, option holders have to make a decision. Options holders may exercise the options if the options are in-the-money, to sell the options at the market values, or faced a capital loss if the option is out-of-the-money or may be completely worthless.
How to read the option quote? Just an example.
1 Call XYZ March 17, 2021 140 Call $5
XYZ is the symbol for the underlying security.
March 17, 2021, is the expiration date.
$140 is the strike price. The strike price is the price at which the underlying security may be brought for call options. The strike price is the price at which the underlying may be sold for put options.
$5 is the premium. Premium is how much it will cost the trader to purchase the option.
One option equals 100 shares of the underlying security.
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only. The option quote in this article is not real. The option quote was just a makeup example.
ADA price prediction: Sat value, BTC pump and smart contractsI think ADA could be one of the big winners this bull market.
ADA is one of these projects that always had development on the first place, and marketing on the second. It's not hyped at all, and the technology is solid as a rock (read: scientifically proven).
But, once smart contracts are live from March 2021. We'll see massive marketing from parties like PWC, which is a partner of Cardano Foundation.
I've based my modest prediction on ADA reaching the same Satoshi value as previous ATH.
First, and I think it's low, $2,91 per ADA could be achieved if 9000 satoshi is on the table.
Second, a parabolic move of BTC to 6 figures could poor a lot of money into ADA at the end of the bull market; like seen in Jan 2018.
Third, we need to take into account Cardano is going to launch smart contracts in March which could make this amazing platform skyrocket is value; all depending of course on how many new projects are created, and how many existing projects move from Ethereum to Cardano.
Personally I think Cardano could reach $10,- or more in 2021, especially if the smart contracts become a success!
How to trade the major bearish trendline?How to trade the major bearish trendline?
The major bearish trendline consists of three corrective waves according to the Elliott wave principle. The three major corrective waves are labeled as Leg A, Leg B, and Leg C.
The common characteristics of Leg A
Leg A will form a top formation like a double top, a head and shoulder top pattern, or a triple top pattern.
The common characteristics of Leg B
The security price will trade in a narrow range during Leg B. Traders will accumulate the security at a low price and sell the security when the price reaches the previous major resistance price.
The common characteristics of Leg C
The price of the security will drop to a new low price, or the security will drop to the previous major support, or drop to the major bearish trendline. The major bearish trendline is an important line to draw. A trader should extend the major bearish trendline into the future.
Which side should a trader trade when a trader recognizes this is a bearish trendline formation trade?
A trader can improve his or her profitability by going with the trend. With a bearish trendline formation, a trader should be bearish. A trader should go short when the situation is right to go short. A trader should avoid going against the bearish trendline pattern because a trader doesn't want to be trap in a long position when the price starts falling more. Traders with a current long position need to make a tough decision to liquidate their position to avoid further price drop and further losses.
"Do not go in the opposite direction of the freeway!" Therefore, do not trade in the opposite direction of the trend!
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.