EPS/USDT Downtrend breakout. How high can we go till EOY?In case you miss a chart you can suggest it in the comments. Maybe we will cover it next time.
Intro:
- Ellipsis is a low slippage stable coin swapper onto the Binance smart chain ( BSC ).
- 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 0.45$ line now acts as support. We immediately face the local resistance around 0.53$.
- Volume is on a steady decline since September where price peaked. Once we confirmed the trend reversal we expect additional price spikes.
- RSI analysis confirms the breakout alongside price.
- Support lines are at 0.45$ and 0.35$.
- Resistance lines are at 0.53$, 0.8$, 1.075$ and 1.5$.
Expectation:
- We expect a further price appreciation during the next three months and a solid recovery into October. After the peak around 1.1$ we got hammered down to 0.45$ and expect to recover within this month.
- Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market.
- Binance got rid off some FUD that partly caused it's price to fall. Now BNB sees a great recovery which opens the doors for BNB projects like EPS .
- DeFi will get more attention during Q4 again and not only for Tax reasons.
- End of the year prediction: We will see a 1.5$+ EPS before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Recovery
REEF/USDT Downtrend breakout. How high can we go from here?Intro:
- Reef Finance tries to become one of the most used blockchains for DeFi.
It's fast, scalable and has a low transaction costs.
Reef Finance is build with Polkadot Substrate and comes with on-chain governance.
- SEC confirmed that crypto will not be banned which is positive for the whole crypto market.
- DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4.
Daily chart:
- Price shows a breakout above the purple resistance line. The 0.02$ support has been reclaimed and we now head upwards to the next resistance lines.
- Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers.
- RSI analysis shows that we are very close to a breakout above the yellow and orange line. On the RSI side we did not get a confirmation for a trend reversal.
- Support lines are at 0.02$, 0.0165$ and 0.0135$. The ascending yellow line can act as support as well.
- Resistance lines are at 0.025$, 0.03$ and 0.05$.
Expectation:
- We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery .
- Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market.
- DeFi will get more attention during Q4 again and not only for Tax reasons.
- We expect some consolidation around 0.025$ 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.
BTC/USDT Relieve breakout in October. 68k next with BTC ETF?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 purple resistance line. We went pretty straight back to 48k$ and touched the local resistance line.
- Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers.
- RSI analysis shows a breakout as well and hovers above the 50 line. Even the support and resistance line of 55 was passed.
- Support lines are at 41k$ and 30k$. The ascending yellow line can act as support as well.
- Resistance lines are at 48k$, 52.5k$ and 59k$.
Expectation:
- We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery.
- Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market.
- We expect some consolidation around 48k$ before we get through and a struggle around the 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.
ETH/USDT Expected downtrend breakout happened right at 1st Oct.Intro:
- Ethereum still holds the biggest ecosystem and has running smart contracts for a long time.
This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc.
- The main issue is the scalability and therefore the transaction fees which are way to high at this stage.
- Ethereum still is the first choice after Bitcoin for big investors and remains attractive.
- SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned.
Daily chart:
- Price shows a breakout out of the falling wedge/downtrend and keeps getting higher. From last chart we suggested to enter around 2900$ and congratulate you if you did so.
- Volume keeps decreasing and is very low for such a breakout. This means currently there is not much resistance from sellers.
- RSI analysis shows a breakout as well. We see that the 35 line did hold again and the RSI passed the 50line.
- Support lines are at 2800$, 1750$ and 1350$. The ascending yellow line can act as support as well.
- Resistance lines are at 3500$, 3950$and 4150$.
Expectation:
- We expect a further price appreciation over the next three months with some consolidation phases.
A first consolidation under the 3550$ line seems reasonable and a struggle in the 3950-4150$ range more than plausible.
- More and more people get heavily into Bitcoin and start pondering about their next investment. Taking Ethereum as next seems very likely.
- End of the year prediction: We will see a 10k$+ Ethereum before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
ADA/USDT Smart contracts are live and the ecosystem is growingIntro:
- Cardano is one of Ethereum's main competitor.
- Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom.
Daily chart:
- Price keeps hovering above 2$ and so far stays below the descending purple line.
- Volume pumps and dumps and probably drops until we see a breakout.
- RSI analysis shows a descending behavior which could go on for some more days. These channel eventually get broken but this time we wait for it.
- Support lines are at 2$, 1.2$ and 0.7$.
- Resistance lines are at 2.3$ and 3$.
Expectation:
- We expect a breakout above the purple line and a solid recovery into October. One reason is, that the descending purple line is very steep, maybe to steep to be sustainable.
- IOHK and Cardano continue to partner with big companies which could result into a price surge.
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.
$ETH / USD -- Mini-Cloud-Bank w/ V Shape RecoveryHello Traders,
Ethereum looks to have formed what I call a mini-cloud-bank patter.
Why, Mini? Because generally speaking Cloud Bank patterns take anywhere from months to years to form, which are followed by a steep 40-60% drop-off with a "V" shape recovery. Clouds usually form during or right before a Bear Market, then take a massive plunge to start a recovery.
Now, my thoughts are, we have mostly seen sideways chop over the last month or so, with some peaks and valleys, before finally dropping 32% from the recent peak. Not speaking too soon, it looks as if the market has found a bottom and has formed a sharp "V" shape recovery, pending no further massive drops.
These types of patterns and market behavior can be ideal for a strong bull run over the next upcoming months for steady and consistent growth to the upside.
Take this with a grain of salt as this is not a true Cloud Bank Pattern but has all of the characteristics of being considered a "Mini" Cloud.
Good luck!
KCS/USDT Broader consolidation wedge is forming. Buy opportunityIntro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS failed to break through the 15$ line and crashed together with the whole market.
Currently price is near the bottom of the consolidation wedge.
- The RSI declines and probably finds support around the mid 30's.
- Volume keeps decreasing which is in line with a extended consolidation.
- The 200MA is currently slowing down the downfall. Staying close is critical to not drop down even further.
(The following description is taken from last discussion.)
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
Expectation:
- The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action.
Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher.
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.
ETH/USDT Update: Ethereum tests the 2800$ support again. 0.5 FibIntro:
- Ethereum currently has the biggest ecosystem and running smart contracts for a long time.
This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- Trading volume keeps decreasing marked by the cyan line.
- The RSI sees a decline as well and drops down to the middle 30's.
- Price shows the same behavior and drops down to 2800$ which is marked as support and falls together with the 0.5Fib which usually acts as support.
(The following description is taken from last discussion.)
- ETH dropped three times to the 1750$ level and did get a bounce each time.
- The blue arrow shows a W shape recovery which is considered to be a strong pattern and signals a trend reversal.
- We see a golden cross indicated by the yellow camera.
Expectation:
- The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action.
Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher.
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.
US30 BUYUS30 took a very steep fall today. However, if you look back to the week of July 16th, 2021(a week of another steep fall for the Dow), price recovered at a very similar point. The neckline at 34143 of the head and shoulders was a momentary point of rejection back in July and I believe price will push off of 33970 after bulls come back into the market.
Pullback @ 34143
Momentum Push @ 33970
AIRASIA set for a rebound?Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
REEF/USDT Update: Another opportunity to buy cheap REEF. Intro:
- 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.
- The DeFi sector did have a hard time during midyear but finally recovers and with it also REEF.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- As the whole market also REEF did see a 30% pullback.
This lead to a downwards breakout of the tracked rising channel.
However it looks like we will be back in during the start of the upcoming week and continue to climb up.
- The overall volume keeps increasing slightly which is bullish.
- The 0.5 Fib level did hold and wee did get a nice bounce.
- Wee see that the 50MA came to help as support and did act well as such.
(The following description is taken from last discussion.)
- On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support.
- We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera.
- The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume .
- Currently we sit above the new support around 0.22
Expectations:
- We expect REEF to break back into the rising wedge and explode once we crack the 0.03$ resistance line.
- Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021.
- Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line.
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.
100K BTC 21/SEPTGuys, I'm not saying this is set in stone and anything can happen in crypto. However, I am confident this following out in the pattern. I have combined Gann Method with the Elliot Wave Impulse and I predict at the least BTC is very close to its bottom. We may have some side ways consolidation within the support and resistance levels illustrated by the Gann fan. Ultimately, I think we will see a 100K Bitcoin as soon as September.
Norwegian Air Shuttle (NAS) OSE: Daily seems to be gearing up!I think the bottom is in (unless issue). And now with the June numbers more than doubling, NAS could see aa decent upside and make some recovery. We are still not out of dark water with 50% of population still not vaccinated and the alarm bells about Delta variant. But ignoring those variables and just looking at the current picture I think it make's a good buy case.
BTW this is not a financial advice. I share my opinion and you should #DYOR
Please hit the like or leave a comment to share your thoughts.
REEF/USDT Update: Moving within rising channelIntro:
- 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.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- REEF continuous its recovery and trades within a rising wedge drawn using purple lines.
- The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets.
- On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support.
- We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera.
- The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume.
- Currently we sit above the new support around 0.22
Expectations:
- Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021.
- Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line.
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.
AKT/USDT Start: Akash as THE new cloud computing service? 10x?Intro:
- AKT is currently in a downtrend and did rebound around 2$.
- Unfortunately AKT on tradingview does not show the full history. We include the resistance levels around 5$ and 6$.
But since we believe in this coin and its potential we will start covering it here.
- Akash is one of the first cloud computing and cloud storage service based on blockchain.
Cloud computing becomes more and more the norm as well as cloud storage.
This makes us very bullish for Akash that it will perform well during this bullrun.
Daily chart on the left hand side:
- Price is currently in a downtrend together with the volume and the RSI.
- Once we break above we expect all three indicators to flip which could end in a sharp recovery.
4h chart on the right hand side:
- We see a weak support around 2.5$.
- The 50 and 200 MA are closing in which would result in a golden cross. The yellow camera already eagerly awaits this.
Expectation:
- We expect a recovery during the next months that will result in new ATH's.
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.
BTC Major Trendline Back in PlayBTC has now broken and confirmed a major trendline (in blue) dating back to DEC 2020. The last time BTC created this trendline we saw gains of 121% in a matter of a month and continued to grow from there in a rather parabolic fashion. If we see similar enthusiasm from investors this time around, we could see 100k in as close as September. Either way, BTC is a good buy as ever for any bullish on the short, mid, and long term. DYOR, simply pointing out what I have noticed.
ERG/USDT Start: ERGO reaches for the stars. 10x possible?Intro:
- ERGO rebounds from 7.5$ and goes for new ATH.
- Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$.
But since we believe in this coin and its potential we will start covering it here.
- ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach.
- Guys please give me some feedback to improve my charts, analysis and commentaries.
Daily chart on the left hand side:
- Price looks a bit like a short bullflag that broke out today.
- Volume drop for three days with one up day today that does not say anything yet.
4h chart on the right hand side:
- We see a failed bullflag that did rebound around 7.5$.
- No RSI analysis yet.
Expectation:
- We expect a fully grown bullrun for ERGO which seems undervalued at the moment.
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.
BTC/USDT Update: Is Phase E already here? 48k$ and 60k$ nextIntro:
- Btcoin broke out of it's downtrend indicated by the yellow line.
- The last three times we did take a look at the Wyckoff accumulation pattern and it seems we finally are moving towards Phase E.
- Guys please give me some feedback to improve my charts, analysis and commentaries.
Daily chart on the left hand side:
- The volume continues to increase which is bullish .
- On the RSI side we finally got above the 50 line and crossed the yellow line which indicated a downtrend.
- The next resistance lines are at 48k$ and the 60k$ so we still have a lot of room to grow.
4h chart on the right hand side:
- We see a golden cross indicated by the yellow camera.
- BTC broke the 44k$ and shortly also 45k$ level which are flash signs that we move towards Phase E since the last resistance for the Wyckoff accumulation is around 43k$.
Expectation:
- We expect a pullback to retest the 43k$ and 44k$ line and look for support.
- Afterwards there is not much resistance between here and 60k$. So it could be a fast ride.
- We expect to hit the old ATH soon within the next two months.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
ETH/USDT Update: W recovery crushed the first resistance 2,8k$Intro:
- Ethereum broke out of it's downtrend indicated by the yellow line.
- Last time we said that the W recovery (drawn in red) is a stronger pattern and it did confirm for this time.
- Guys please give me some feedback to improve my charts, analysis and commentaries.
Daily chart on the left hand side:
- ETH dropped three times to the 1750$ level and did get a bounce each time.
- The volume continues to increase which is bullish.
- On the RSI side we finally got above the 50 line and do see some temporary resistance at 80 which is fine.
- We see a golden cross indicated by the yellow camera. Still very close but if we get any separation this is very bullish.
4h chart on the right hand side:
- We see a golden cross indicated by the yellow camera.
- The RSI is on a rise and currently follows the yellow line directly into consolidation.
- We see that the W shape recovery dragged ETH out of its downtrend indicated in red.
Expectation:
- We expect a pullback to retest the 2,8k$ line and look for support.
- Afterwards there is not much resistance between here and 4k$. So could be a fast ride.
- We expect to hit the old ATH soon within this month.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
REEF/USDT Parabolic recovery incoming? Signs are flashingREEF starts some serious recovery and did now break upwards the 0.0165$.
We now were in a downtrend for at least three months.
If we can break this trend and head towards an uptrend we expect to hit the 0.05$ line soon again.
The next potential resistance is still 20% away.
Daily chart on the left hand side:
- We see a strong recovery which could take some more weeks according to the current price position and the recent ATH .
- On the RSI side we passed the 70 line which is a warning flag that we go up very fast.
- Volume increases steadily which is a bullish sign.
4h chart on the right hand side:
- We see a golden cross indicated by the yellow camera.
- The RSI is close the 80 line which could be a sign for an upcoming cooldown phase.
The pullback however is not expected to go below 60 according to the yellow line.
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.
QTUM/USDT Update: Explosive move directly to first TargetQTUM did break above the 7.5$ line and formed a consolidation bullflag which broke upwards as well.
We now reached the first target zone defined by 11-12.5$.
Looking at this strong move we expect some consolidation before we break into and through this target zone.
We closed some part of the position and did take partial profits.
Once we move above 12.5$ we maybe get back in for the ride to 25$.
Daily chart on the left hand side:
- We see a strong recovery which could take some more weeks according to the current price position and the recent ATH.
- There is a volume spike with a strong price move. --> We expect some cooldown.
- On the RSI side we passed the 70 line which is a warning flag that we go up very fast.
There could be some resistance on the RSI side was well as indicated by the orange line.
4h chart on the right hand side:
- We see a golden cross indicated by the yellow camera.
- The RSI is above 80 in the overbought. So be careful.
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.
STRAX/USDT Bullish Head and Shoulders pattern to play out?STRAX forms a Head and Shoulders pattern which could break upwards in price.
The RSI on the 4h chart currently follows the upwards trend indicated by the yellow line.
Also on the 4h chart we see a bullish cross between the 50 and 200 MA which is indicated by the yellow camera.
If the breakout occurs we expect some upwards movement with the target close to the previous ATH.
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.
ETH/USDT Breakout of downtrend drawing W pattern? Looks likeEthereum broke out of it's downtrend indicated by the yellow line.
If we look at the last two bottoms we see a double bottom that formed a W shape which is commonly known was one of the stronger pattern.
Daily chart on the left hand side:
- ETH dropped three times to the 1750$ level and did get a bounce each time.
- The volume did not really go up while the price does which mean we have a divergence here.
Once price follows up we could see a strong move.
- On the RSI side we finally got above the 50 line.
4h chart on the right hand side:
- We see a golden cross indicated by the yellow camera.
- The RSI is on a rise and currently follows the yellow line.
We expect some consolidation between the 2000-2800$ line and once we pass that there seems nearly no resistance until the last ATH.
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.
