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Recovery

Bitcoin Bullish Engulfing + RecoveryAfter a clear bullish engulfing forming in the January weekend of 22nd, 23rd with continuation there after, there are several factors to be considered: 1. Possible solid bottom has been formed at ~35,000 2. Bitcoin has broken the major resistance at ~41,500 with a lot more ease than expected, dictating a more easy uptrend towards ~44,000 After breaking the ~41,500 resistance, Bitcoin now has to form a new support which is not yet forming nor beginning. This is to be expected in the upcoming weeks. The highlight, Bitcoin has just broken the down trend which started back in November 2021. If it continues on this path, we could see an easy continuation to ~50,000 as bullish sentiment is rebuilding. The key conclusion to be taken is that Bitcoin has not yet formed a new support line as its base for this uptrend.
by UnknownUnicorn35305092
2
HOW-TO: Cosmic Cloud #1📡 INDICATOR Cosmic Cloud 👩‍🏫 HOW-TO CONTENT This how-to shows that even price movement during major events like global market crashes adhere to the indicator levels. ✅ POINTS the price drop starts after reaching a resistance level (top-left chart) or the price drop is confirmed by a downward breakout from one of the support levels the 2020 stock market crash (👑) reaches its lows at various Cosmic Cloud supporting levels 🔔 USEFUL ALERTS Resistance Channel Re-entry ↓ Basis Test ↓↑ Support Channel Entry ↓
TVC:DJIEducation
by cosmic_indicators
High Volume StatsThe below are just some statistics based on: - Volume bars with 500% increase of volume. - 15 minute timeframe BTCUSD. - Baseline of the last 10 volume bars averaged against the current volume bar. Since 21st July 2021 there has been 51 occasions were there has been a 500% increase in volume. 47 of these (500% volumes) has seen price retrace/recover that price action area. Out of the 4 that are left 1 is below current price action with a price range of 29925 to 30525 . This is not a trading call but more of an observation of reviewing past price recovery of volume bars that are equal to or exceed 500%. Trade safe, DYOR.
by Frien_dd-DisDev
2
DIA: the worst has passed, price recovery underwayAfter a difficult year after the capital increase back in August, it the worst case scenario has already passed, and investors bought the dip and pushing the price higher. The stock is a small cap, so remember, it's more volatile than other stocks and hype moments could increase the price dramatically like these past two days. Next stop 0.02, and if broken out, next one would be at 0.023. Regarding its fundamentals, the CEO bought shares, so that's a good indicative that the changes they're doing are being effective. They closed all supermarkets that were experiencing huge losses, thus reducing the risk in the company. Also, they're revamping all the stores and real revenue won't be reflected until 2023. 2022 will be the key year for DIA. We are long on this one for the long term.
BME:DIALong
by alvaromroo
1
REEF breaks its downtrend for price and RSI. Recovery ahead?Reef Finance finally broke out of its latest downtrend that now lasted over a month. The support around 0.0165$ held and we got a nice bounce that pushed us through the downtrend trendline. Next resistance lines are at 0.036$ and 0.05$. We spot a similar pattern on the RSI where we expect the next resistance to be around 70. Currently 16 billion REEF tokens out of 20 billion are in circulation. This is good in terms of inflation risk, meaning there is basically none. The current price level looks like a nice entry for a long position. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
RLong
by tumbler55
2
Replaying Trade Setups - Liquidity Grab Reversal - Trading ToolsHaving the right Trading Tools as part of your Technical Analysis setup can give you the edge. When completing your Technical Analysis its good to know where high volume liquidity areas are. This script automatically shows you where these unrecovered zones are. This allows you as a trader to forecast Take Profits, closing your trade or when a reversal might occur. This video shows that once the high volume liquidity zone was recovered price reversed. This could have assisted your Technical Analysis if you where in a short to close your trade / Take Profits. This could have assisted your Technical Analysis to place a long once the liquidity had been recovered. Trade Safe.
Education
by Frien_dd-DisDev
15
Ethereum in Make or Break situation for the rising wedge!Ethereum tests the support line around 4k$ which falls together with the current low point of the rising wedge. Currently Ethereum holds much stronger than Bitcoin and looks more bullish. The RSI is relatively low with 40 and is within a broad consolidation wedge that could be valid for another month. We expect Ethereum to hold the current support around 4k$ and bounce back up towards 5k$. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
Long
by tumbler55
Elliott Wave Analysis: AUDUSD Can Be Looking For A Recovery Hello traders and investors! Today we will talk about AUDUSD currency pair; its price action from a technical point of view, and structure from the Elliott Wave perspective. Aussie made a five-wave decline on a daily chart into wave A, which can find the base here, around important 0.7000 support zone, especially if we take a look at the 4-hour chart where we see five sub-waves down within wave 5 of A with RSI divergence which normally suggests that bears are losing strength. Aussie is actually already coming nicely higher for the last few sessions, now approaching the channel resistance line, which can be taken out this week on some optimism after RBA comments that "The omicron is not expected to derail the recovery". At the same time, we see stocks also moving nicely higher, now in risk-on which can be positive for hte pair. If we are on the right track, then Aussie can be at the start of a higher degree recovery. However, for now we may see a minimum three-wave (A/1)-(B/2)-(C/3) rally towards 0.72 area or even higher. We assume that intraday setbacks can be interesting. Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
2
Bitcoin flash crash! Time to panic? Not yet!General Intro: - Bitcoin is the first of its kind as cryptocurrency using blockchain technology and is looked at a store of value like gold , just better. - Bitcoin will help the people to bank themselves and gives some power back to the community. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. Comments: - Today we look at the weekly timeframe to reevaluate the current situation for Bitcoin and therefore for the whole market. - We do see that once the bull market support band (green line is the 20 weeks simple moving average and red line is the 21 weeks exponential moving average) we dropped further down and even passed the 50MA. - However, we did find support around 40k$ and recovered back to 47k$ where we now wiggled around for most of the day. Why we should not panic yet: - Technically we still could go up above 52k$ for the weekly close and the bull market support band would have held. - We are currently above the 50MA. Once we cross the 50MA we have to reconsider things again and possibly turn bearish. - The last >200 days basically represent a large consolidation phase where we move between the two thick green and orange price lines (between 30k and 63k). - Fundamentals did not change and the reserves on the exchanges continue to drop. Daily chart: - Price shows a flash crash down to around 40k$ depending on the exchange you are looking. - Volume is on a steady decline since Mai. This supports the idea that we are in a large consolidation and accumulation phase. - RSI analysis shows that we are in some sort of consolidation between the yellow lines. - Moving Average: Currently we are below the 20MA and above the 50MA which can be considered a due or die situation. - Fibonacci levels show that we are currently hovering above the 0.5 which technically is still bullish. - Support lines are at 41k$ and 30k$. - Resistance lines are around 63k$. Afterwards we are free to fly. Expectation: - We currently expect the price to go up towards the 53k$ line within this week to technically hold the bull market support band. - If we can't hold the bull market support band it seems likely that we retest the 50MA again in the near future. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - The bull market support band showing a green line representing the 20 weeks simple moving average and a red line representing the 21 weeks exponential moving average - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
by tumbler55
4
Cardano price saved by Sundaeswap? First DEX in the next days🚀Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom . - So far Cardano is lacking a working DEX which seems to hold back the whole ecosystem. But now finally Sundaeswap announced that it will go live during the next days. Daily chart: - Price took a heavy hit and even retested the 1.45$ support line which did hold so far. - Volume sees a spike today and some increase during the last days. - RSI analysis shows that we are very low at the moment and have a lot of upwards potential. - Moving Average: We are about to form a death cross between the 50MA and 200MA. Let's see if price action can avoid this. - Support lines are at 1.4$ and 0.7$. The ascending yellow line can act as support as well. - Resistance lines are at 1.9$, 2.3$ and 3$. Expectation: - Sundaeswap announced that their DEX Testnet will go live during the next days. - This could boost the whole ecosystem and approve smart contracts on the cardano blockchain. - End of the year prediction: We will see a 5$+ Cardano before the end of 2021. Due to the fact that Cardano performed very badly during the last month we changed the 8$+ prediction to 5$+. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
Cryowar shows a strong retest and is ready for higher prices 🚀Intro: - Cryowar is one of the most promising new play to earn game on the Solana blockchain. - Cryowar started trading on CEX and DEX at the same time. - Check out their twitter account and their webpage, the progress looks really promising. Cryowar works together with unreal engine which famous for its great graphics engine. - Since this coin got listed only recently we look at the hourly, so keep that in mind. Also take into consideration that price went up over 100% and FOMO is never a real solution. You maybe should wait for a pullback first. - Cryowar got listed on another DEX since last post. Hourly chart: - Price stays in an uptrend and recently tested previous resistance around 3.9$ as new support. - Volume keeps increasing which is a bullish sign and shows growing interest. - RSI analysis shows that we stay below the yellow line. We are not now at a nice level for an upwards breakout. - Moving Average: The 20MA seems to act as support that could kick up the price during next week. - Support lines are at 1.3$, 2.3$, 2.9$ and 3.9$. - Resistance lines are currently non existent. Expectation: - Cryowar took a heavy hit during it's listing day but did a great job in recovery. Currently we are in an uptrend and the Beta release comes closer which most likely has a positive effect on price. - The webpage and sneak peaks look very promising as well as the growing community. - End of the year prediction: We will see a 9$+ Cryowar before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
CLong
by tumbler55
NZD CHF Update: A successful rejection in the booksFor months, the pair has struggled to close above the 50 Month Moving Average. It may be getting a successful rejection of an area full of support including the 200 Day Moving Average and the 0.382 fibonacci level. Patience is key as the Swiss Franc has been strong recently with weakness showing up in the past 2 weeks - partly because speculators are betting that the Swiss Central Bank will step in to control the currency amid the strength. On the other hand, New Zealand abandoned the zero COVID-19 policy as the government has acknowledged that the people will have to learn to live with the virus. This will give the economy and the currency the support needed to recover.
Long
by GrizzlyBearBee
Cardano gets its first DEX within the next weeks 🚀🚀🚀 5$+?Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom . - So far Cardano is lacking a working DEX which seems to hold back the whole ecosystem. Daily chart: - Price shows a consolidation pattern that has its apex around 2$. Once we break the yellow line we expect more upwards movements. - Overall Volume keeps declining which is consistent with the price consolidation. - RSI analysis shows that we are oscillating below the 50 line. - Moving Average: The 200MA comes to help and can act as support to break above the yellow line. - Fibonacci levels show the region between the 0.5 and 0.6 lines hold as support. As long as we hold the 0.6 line we don't have to worry about a bear market movement. - Support lines are at 1.9$, 1.4$ and 0.7$. The ascending yellow line can act as support as well. - Resistance lines are at 2.3$ and 3$. Expectation: - Sundaeswap announced that their DEX will be ready within the next two weeks. This most likely will trigger another rally for Cardano and with it possibly the whole ecosystem (like COTI, ERGO etc.). - Until we get a working DEX on Cardano we might extended consolidation into the apex of the forming triangle. - End of the year prediction: We will see a 5$+ Cardano before the end of 2021. Due to the fact that Cardano performed very badly during the last month we changed the 8$+ prediction to 5$+. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
4
ERG/USDT Strong bounce of support band. Can we go back to 18$? Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. - In circulation we have 45million coins out of currently 100million possible. It seems unknown what is the max amount possible. It is therefore a risk factor for inflation that could lead to a price drop. Just keep that in mind. - Total market cap is currently around 500 million which seems too low. Daily chart: - Price finally found support at the last drawn support line around 8$. From there we see a strong bounce which confirms that these prices were oversold. - Volume increases but has still a lot of room to grow. - RSI analysis shows that we found support around the 30 line where below we would be officially within the oversold region. After the strong bounce it is likely to see some sort of consolidation before we move towards the 80 line. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect ERG to recover together with ADA since ADA will be the driving force. - We possibly retest the 10.5$ line which could act as support and help ERG moving higher. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
KCS/USDT Breakout of large consolidation wedge. 50$ next?Intro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. Daily chart: - Price shows an upwards breakout of the very large consolidation wedge. - Volume starts to rise but very slowly. We have much room to grow here. - RSI analysis shows that we are moving upwards alongside the yellow line. We take a look at the 80line which is considered the border to the overbought territory. - Support lines are at 9$ and 6$. The borders of the wedge can act as support as well. - Resistance lines are at 14.2$ and 19.5$. Expectation: - We expect to see further price appreciation until the end of this year. KCS has to close the distance to its main competitors. - The 14.2$ resistance should not hold that long. Once we break it 19.5$ is next. - End of year prediction: We will see a 50$+ KuCoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
REEF/USDT Massive price appreciation blasting through resistanceIntro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. The 0.02$ support has been reclaimed and and the 0.025$ resistance was ignored even attacking the 0.03$ resistance. - Volume shows a price spike together with price appreciation. Often times this is followed by a second round of prices spikes so we are watching closely. - RSI analysis shows that we broke above the yellow resistance line and even shortly touched the 80 line but got rejected which is a good thing. Moving too fast only increases the risk of a sharp pullback. - Support lines are at (0.025$?), 0.02$, 0.0165$ and 0.0135$. The ascending yellow line can act as support as well. - Resistance lines are at 0.05$. Clear sky lies behind. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far October gave us everything we hoped for and after a short consolidation we can expect to go even higher. - DeFi will get more attention during Q4 again and not only for Tax reasons. - We expect some consolidation around 0.03$ before we get through and a struggle around 0.05$. - End of the year prediction: We will see a 0.3$+ REEF before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
RLong
by tumbler55
BTC/USDT Bullflag within rising channel. Is 60k$ next?Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold , just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the yellow resistance line. We now form a bullflag within a rising parallel channel drawn in purple. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. Considering only the last 10 days volume starts to increase. - RSI analysis shows a breakout as well and faces resistance around the 70 line. If we see an upwards breakout for the bullflag we also will see an upwards breakthrough for the RSI. - Support lines are at 52.5k$, 48k$, 41k$ and 30k$. The bottom of the parallel channel can act as support as well. - Resistance lines are at 59k$ and possibly around 64k$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last resistance lines before we head into price discovery. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We expect a bullflag breakout within the next 10 days. Our next target is 60k$. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
ERG/USDT Is a downtrend breakout in sight? We are Ready!Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price currently is within a downtrend and near a local support around 10.5$. - Volume decreases since the start of September where ERG was listed on Kucoin. Once we break the downtrend this could change quickly. - RSI analysis shows a "soft" downtrend breakout. We are still going down but could set a higher low. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery until the end of October. Currently price depends on the ADA price token which is stagnant at this moment. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We possibly retest the 10.5$ line which could act as support and help ERG to push through the purple line. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
7
ADA/USDT Downtrend breakout for Price, RSI. Cardano will bloom! Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the yellow resistance line. Now we struggle at the 2.3$ resistance line and possibly form a wedge indicated by the purple lines. - Overall Volume is on a steady decline since June. However the last couple of days volume gains momentum. Once we break the next resistance volume could blow up again. - RSI analysis shows a downtrend breakout as well and the RSI creeps back up. - Fibonacci levels show that ADA recovered between the 0.5 and 0.6 lines and now attacks the 0.38 line. - Support lines are at 1.9$, (1.2$) and 0.7$. The ascending purple line can act as support as well. - Resistance lines are at 2.3$ and 3$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery during October. Cardano was a main topic before the upgrade and now it's gone quiet. This most likely is the silence before the storm since the ecosystem is growing at a rapid pace. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We maybe fight some days for the 2.3$ level to flip into support. After that 3$ could be hit pretty soon and after that the true FOMO starts. You want to be in beforehand.^^ - End of the year prediction: We will see a 8$+ Cardano before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55