Priceprediction
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.
The Laws of Supply and Demand Affects the Price MovementThe Laws of Supply and Demand Affects the Price Movement
1. When supply exceeds demand, the price is more likely to fall.
2. As the price is falling, supply will increase, and demand will decrease. As a result, the price will fall faster.
3. At valleys, demand is greater than supply; therefore, the price is more likely to increase.
4. At peaks, supply is greater than demand; therefore, price is more likely to fall.
5. As the price trends higher, demand is greater than supply; therefore, price is more likely to go higher.
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Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Greenfield Price Forecast for Bitcoin / U.S. Dollar on 1/13/21A Price Forecast for Bitcoin / U.S. Dollar
Bitcoin / U.S. Dollar, with the symbol BTCUSD, formed a double bottom class II pattern on the 4h chart as of January 13, 2021. If Bitcoin continues to trade in the two parallel channel lines then, I continue to believe this will be the path to how Bitcoins will retest the previous high.
This price forecast is made based on the following concepts:
Channel Trading
Moving Average
Mean Reversion
Supply & Demand
Support & Resistance
Fib Lines
Trend Analysis
Wave Principles
However, if the price fails to continue in that two parallel channel lines then we are looking at Bitcoin / U.S. Dollar in the danger zone I marked, and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
Thank you for reading!
Greenfield
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Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
A Price Forecast for Bitcoin / U.S. Dollar A Price Forecast for Bitcoin / U.S. Dollar
Bitcoin / U.S. Dollar, with the symbol BTCUSD, formed an inverted head and shoulder pattern on January 12, 2021. If Bitcoin continues to trade in the two parallel channel lines then, I believe this will be the path to how Bitcoins will retest the previous high.
This price forecast is made based on the following concepts:
Channel Trading
Moving Average
Mean Reversion
Supply & Demand
Support & Resistance
Fib Lines
Trend Analysis
Wave Principles
However, if the price fails to continue in that two parallel channel lines then we are looking at Bitcoin/ U.S. Dollar trading in a narrow price range between 31414.91 and 35292.89 and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
Thank you for reading!
Greenfield
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Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
A Bitcoin IdeaThank you for reading!
Greenfield
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Disclosure: Charts interpreted and articles prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
EOS Shocking Buy Signal for $6 TA(+300% Profit)Like and subscribe😍
EOSUSDT is the 16th largest Altcoin according to Coinmarketcap, but yet EOSUSDT has been on a downtrend since 2018.
While most other major altcoins are having a good pump in 2021, EOSUSDT seems to be just sitting right there in a range, even after seeing some good volume increase there was no clear price movement.
But right now a strong buy signal is finally flashing on EOSUSDT, which show that the current $1.8 to $2 support could be the bulls kitchen where they are getting ready to explode to the upside this January.
Current pattern discovered on Daily chart : Rectangle Pattern
The rectangle pattern shows that price respects a clearly defined support and resistance,
it is a chart pattern formed when price is contained or bounded by support and resistance thereby forming a range or a consolidation zone.
But what does this rectangle pattern represents?
The rectangle pattern shows a clear indecision period between buyers and sellers, here the battles is a tough one as buyers and sellers take different turns to punch each other but yet not one of them has successfully beaten the other to it. This back and forth between buyers and sellers results in price testing the same support and resisitance countless times before breakout.
Considering this rectangle, for breakout to occur, Supply and Demand principle need to play out.
The wyckoff spring pattern is a good illustration of how this works out, it describes a similar situation that could work its way out on EOSUSDT, this is called the Spring.
I won't be going into full details to explain the Wyckoff strategy but here is a brief explanation of what to expect off this Spring currently about to play out on EOSUSDT.
The Structure and the supply-demand relationships expressed in price action, the waves and volume are what tell us about the likely next market move.
Not chart patterns.
A spring is a price move below the support level of a trading range that quickly reverses and moves back into the range.(you can call this a typical Bear trap)
this is because the drop below support appears to signal resumption of the downtrend but In reality, it's the opposite,
the drop only marks the end of the downtrend, thereby “trapping” the late sellers, or bears.
Remember that the extent of supply, or the strength of the sellers, can be judged by the depth of the price move to new lows and the relative level of volume on that penetration.
We could see this Stop loss hunt taking place in EOSUSDT before the Major run occur.
we could see strong buy buy by the bulls at the bottom below the rectangle.
If this spring plays out, EOSUSDT is likely to see a measured move to the upside with clear target of
First TA: $6 to $6.5. as first TA(Mid- Term)
Second TA: $18 (this is for long Term )
Gold Pre Sell, You wanna make easy money out of easy trades?Check out my previous anticipations, then you will believe with my analytics. haha
You wanna make easy money out of easy trades? just follow me.
This is a controversial moment for Gold.
I believe that the price will touches 1895 zone and then 1800 zone.
this is the best time to sell and gain a good reward.
Check out the bearish candles first before you entre the position.
Another great price prediction for Gold. $$$$$I believe the news about the new vaccine will pushes the price lower. we should just follow the price which will represents the bank's decision.
the first target in this correction wave will be around 1860. then I will wait for a short entry towards 1777.
Will the current trend continue or pullback!How to use the DMI indicator to determine if the current trend will continue or pullback!
The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index (ADX) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the moving average of the price range. The default setting is 14 bars. The indicator consists of the two-directional movement indicator (DMI) lines and the ADX line. The three lines are the +DM, -DM, and ADX line. ADX line is a measurement line, +DM represents the uptrend direction, and -DM represents the downtrend direction.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted and prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation.
A 10.48% gain in one day is not bad! A 10.48% gain in one day is not bad!
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Too early to determine anything." But I marked an arrow to around the price of $45.37. Here is the link to the article:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $44.99 as of the market close of January 7, 2021. I do consider the price target is met today because $44.99 is not too far from $45.37.
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
Trade Idea: Still too early to determine the longer trend. Still bearish, but more bullish.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
15.94% gain in one day is not bad!Maybe a temporary pause and possible continuation higher! However, a 15.94% gain in one day is not bad and is enough for some traders.
Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021.
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: This stock may pullback and then break out to a test price level of $26." Here is the link to the article:
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: The stock may trade now between the range price of $25.37 & $27.23. It is possible for the price to move higher or lower temporarily. Long-term prediction: Still bullish for this stock. However, a 15.94% gain in one day is not bad and is enough for some traders.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
A 10.48% gain in one day is not bad! A 10.48% gain in one day is not bad!
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Still Bearish, Price Target around $36. Maybe this stock may trade between the range of $33 and $36." Here is the link to the article:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $35.10 as of the market close of January 7, 2021. I do consider the price target is met today because $35.10 is not much away from the original price target of $36.
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: Long-term prediction: Less Bearish, More Bullish for this stock. This stock price is showing signs of improvement, but the direction is still questionable. Maybe this stock may trade between the range of $33 and $38. I think it is too early to make a call for the long-term direction, but I think this stock should be on the watchlist.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
Target Price Hit!Target price hit at around $58 With Double Top Pattern
This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Pullback retest low of around $51.17, and then breakout above $53.20, still too early to determine. It may become a double top pattern too."
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to close at $54.28 as of the market close of January 7, 2021. On January 8, 2021, another bull gap in the morning open at $57.76 and quickly rushed to a high of the day at $59.31. The stock closed at $58.92 based on the market close of January 8, 2021, per Yahoo Finance.
The charts above are available to compare the stock performance on January 7 & 8, 2021, to my first chart interpretation on January 6, 202.
Discussion
This concludes a go long trade 2 days pattern. That is around 15.41% of capital gain in 2 days. The stock of NIO Inc. with the symbol NIO also formed a double top pattern. This may be a go long continuation pattern or a bearish reversal pattern. That is for another discussion.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
BTC to 40k within 3 weeks?Ok so I hate doing long term predictions but I've taken a leaf out of a fellow traders book and I'm going to put one out there also!
Predicting this run will continue to around 40k. I think we'll get there, possibly just shy of it, but close enough. And I'm even going to put a date on it - we will get there before Jan 16th. Then we'll have a big sell off of around 40%, bringing price back to around $21,800-$24,500 before the next leg up. Trend based FIb extension and time to arrive at this decision.
Got a prediction?
Post it below! Let's see who gets the closest!
XRP/USD Ripple is going to HELL... Really?A massive sell on Rippe just caused a big and quick price dropdown. XRP seems to be still bearish, but I am going to build my positions right now. I sill count with a price drop possibility to $0,25. It looks oversold to me, and I expect XRP a price correction at least to $0,45.
EURUSD - BREAKOUTHello all,
EURUSD has broken out of the contraction zone. My 1st target of 1.20000 has been reached. I expect this to go on further into the expansion zone and challenge the 2018 highs. My second target is 1.24000 as outlined in my linked idea.
Follow for further updates on this one.
Trade safe and always remember to plan your trade and trade your plan!
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge