XAUDUSD SYMMETRY TRIANGLE PATTERNXAUUSD is approaching the ceiling of the symmetrical triangle on its daily charts
Triangles patterns are valid only when price closes above breakout or below breakdown levels
Simetrictriangle
ADA/USD: simetric triangle in formationThis it's the H12 timeframe, more better than analyzing the Daily timeframe. But well, Cardano forming this simetric triangle and we're consolidated since September, 20, 2021.
So, Cardano could to continue climb if we break out to up. So, we hope that Cardano support the EMA 200 yellow color.
Guys, if you find up this analysis will helpfull, please comment your thoughts about the next trade in this cryptocurrency or share your opinions below in the comment box.
BTC/USD: simetric triangle; indecision marketBitcoin forming a simetric triangle in the range between $44k and 41k. There's not any signal if Bitcoin will continue down or make a bull reversal to climb. I will going to out in this par, just that I mark my specific yellow zone in the upside to buy and downside to sell. I put this magnifying glass to look the price action where Bitcoin it's in the live market. Bitcoin price it's around $41,360 USD and it's in the neutral and there're not any signal as I mentioned above.
Now, I'm worrying with EMA 200 because it's like resistance in the price action and bears could dominate this side. So, it's very important to look the Daily Candlestick where in few minutes we could to know the Daily chart information.
This it's just my perspective in the market where in few minutes, I will going to update in my another analysis there.
I hope that this idea will support you.
ETH/USD: Possible pull back in the $3,300 USD zoneEthereum was manipulated today as Bitcoin do and drop over 20% today in their price. Now, this was an incredible volatile movement that Ethereum do. We look in the high zone on $3,800 USD that Ethereum forming a simetric triangle and drop, but now, we could to find here a best buy zone that we could to entry to long position in Ethereum in this best place.But not now, now, I will going to be patient to know if the market will move to quiet to take best decision as this movement was so incredible in Ethereum.
This it's my possible forecast in how I look Ethereum to entry to long position in this cryptocurrency!!!
Still pending for this possible long opportunity.
Now, I know that I was in Chainlink and Tezos, So, that was manipulated just I earn in Chainlink 96 ADA and I loss in Tezos 73 ADA. This it's not a difference, that was manipulation.
Is the moment to invest in Ethereum now?According with the Ethereum Dominance, it's look strengthen and that put altcoins in bearish in front of Ethereum. For that, in the USD correlated, Ethereum it's xtremely optimistic and so bullish. For that, the Ethereum dominance it's a track that we get information about the dominance and how Etherum will take power o altcoins now!!!
Now, in based in this forecast ,we formed a bullish rising wedge and into this pattern a simetric triangle. But now, I believe that Ethereum will leading to a extremely bull market
This it's the weekly timeframe. and we look that Ethereum could to reach a dominance of 30% very soon.
Ethereum it's make a powerful trend that will shock you
I will check out the Ethereum ratios to know the situation against Cardano, XRP and Bitcoin too. It's very important to look this secret information that investor doesn't know, at least for amateurs.
ETH/USD: Break-Out!!!Ethereum forming this beautiful ascending triangle and today Ethereum made a break out above of the key resistance around of $3,320 USD. Now, in the next hours we hope a pull back to entry to long position in Ethereum like watching in H4 timeframe for the entry to long.
More udpate soon!!!
BTC/USD: simetric triangle in formationThis it's my perspective in my Bitcoin analysis. So, we're consolidated. We can't to short or long in this cryptocurrency. I considered in my conclusion that it's neutral and there's not any movement in this market.
For that, you will need to be alert in the next hours. For that, I don't take this cryptocurrency for now!!!
ADA/USD: Double hammer candlestick; price action analysisIn this overview. Cardano it's into this simetric triangle in H4 timeframe. Now, I do not entry in this trade as I'm entry in Bitcoin now and I keep my Binance Coin position to long position toward $1,000 USD. But if you want to know this information or just take a trade. Now, I can to get you a good counsel. You can to buy now, put the SL at $2.67 USD and target at $3.36 USD. if you apply it, you can to get a risk/benefit: 1:3. It's excellent proportion to buy Cardano if you want or you can to buy Bitcoin to long position. But as I mentioned, I'm in 2 trades and not more in Bitcoin and Binance Coin to longs.
Good luck if you buy ADA/USD to long position
BNB/USD: Change of plan; swing tradingI'm in long position in this cryptocurrency from $494 USD. So, it's so near to get touch my SL. But, now, I decide to keep this position toward $1,000 USD to get a profit of 100%. And also, I move the SL to $420 USD. But now, you can to entry in this cryptocurrency, keep this position for long position during some weeks until reach $1,000 USD.
This it's the monthly timeframe. I decide to keep this trade until $1,000 USD.
The Daily panoramic
BTC/USD: Neutral Market without confirmation of bull or bearAt the moment, looking Bitcoin in Daily timeframe, I don't like how Bitcoin make their movement, I do not going to trade Bitcoin, but yes, I CHEC OUT what it's the Bitcoin behaviour, but the only information that I have in Daily and in H4 timeframe it's that Bitcoin form a bulish rising wedge, but the market it's completely neutral.
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For that, in 3 Daily it's show us a lot consolidation in their price action and the movement will not be clear.
But looking in Daily timeframe one moment, Bitcoin could to be into this simetric triangle in formation, but I don't like to trade Bitcoin or cryptocurrency below of H4 timeframe and I prefer to trade from H4 timeframe and above. For that, I will going to check another cryptocurrencies like Ethereum and Cardano to get you update.
And also, I will going to make a class that I will going to show you how to create a cashflow into this financial market like Forex, indices, cryptos, commodities and shares. Because I believe when cryptocurrencies are worry to trade, we can to trade shares together with cryptocurrencies, and also S&P 500. But tomorrow I interesting to create a class to talk about here the cashflow.
Invest in this NFT: Enjin Coin will explode soon!!!Enjin Coin it's look with good perspective in Daily timeframe. As I hold 9,877 Enjin Coin. So, I will enfocous in this par as I know where Enjin Coin going now. I see a bullish divergence in RSI and simetric triangl that broke up, and that it's very good signal to accumulate Enjin Coin. So, I measure that there will be a fast volatile movement in the next days in this par ENJIN/ETH. For that, this it's an excellent idea to accumulate Ethereum. And I have another plan to use Ethereum to get XRP as I know that XRP/ETH it's down. For that, I have the chances to buy lik 40,000 XRP coins to hold.
I reccomend to buy this NFT right now and starting to accumulate Ethereum and be so smart to invest in cryptocurrency.
Also, I see that Theta it's another crypto to be in our radar, because Theta could to explode as the same time Enjin Coin do. Based in my recomendation, perspective and my own analysis to invest in crypto to hold and accumulate your deserve and favorite cryptocurrency. Now, I'm in invest in this NFT and I hope that Enjin reach the 0.001 ETH to get 9.80 ETH in part that I have 0.92 ETH in my trading account and I'm in profit in both trades in Bitcoin, Ethereum and Cardano. I have the chances to get over 10 Ethereum coins or little more like 12 Ethereum coins in total.
Ethereum it's hold the key support of $2,000 USDOk, I will change a little my strategy, I combine this using Daily zone becuase it's show me good zone where are the key zones. For that, I believe with more clearfully that Ethereum it's holding above of $2,000 USD. Now, I have a forecast that Etheruem it's supportint the $2,000 USD key support psycological. Now, I see that Etherum may to continue up to $2,900 USD in the next days. For that, I put a long posiiton and re-entry in this cryptocurrency.
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You can view the Daily panoramic here in this screenshot more better if you want to know.
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And then, this it's the 3 Daily chart, I see that Ethereum it's showing us a strong support above of $2,000 USD. And there a lot chances that Ethereum may to recover the $3k and $4k level zones. But, I just analyze this timeframe in H8 timeframe.
Bitcoin make pull back in this simetric triangle!!!in this little update, I consider that Bitcoin forming a simetric triangle and break up this bulish chartist pattern. For tha, I put a long position around of $34,930 USD with the SL at $33,350 USD and my psycological target will be around of $40,500 USD
Pay attention in the Ethereum movement compared with ChainlinkIn the recent analysis, we see that Ethereum forming a simetric triangle, but broke down, but now, pay attention how the strong support work and this key support line work too. I see that this it's a same movement what Ethereum may to form.
Historical Data:
1. Chainlink up in the past from $20 to $35 approximately.'
2. Then, Chainlink down to $24 approximately in the past
3. Chainlink up a little until $29 approximately and during this period formed a simetric triangle.
4. Then, Chainlink break down this chartist pattern and drop to the exactly key support at $24.70 USD. If you see, we form 2 thing, a key support line and a strong support at $24.70 USD. And we see that in 3 ocassion, Chainlink form a strong support, but in tha 4 occasion, Chainlink made validation that form a bullish setup and up and break up the resistance of $35 USD and continue down that we know.
Guys, in my summary, that it's an exactly same movement what Ethereum may to do. And that historical data and analyze in your own opinion, you can to get a better analyzis. For that, I create it like a tutorial to review and compare this movement with Ethereum when Chainlink made in the past. That it's so exaclty and same movement that Chainlink do and now, Ethereum may to repeat this movement. I share the Ethereum last analysis for you to review and check out it.
Bitcoin it's in this support of $37k level!!!Bitcoin it's look in this suppport reaction between the zone of $37,800-$37,600 USD. For that, we would need to bope a bullish entry of the next candlestick group to buy Bitcoin in this timeframe. For that, I decide in the morning just reduce part of my long position to closed up and then, buy some Bitcoin contract to long position.
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In H8 timeframe it;s look with good panoramic and we see that if Bitcoin valided this support above of $37,600 USD. The trend may to recover above of $40k.
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And in this Daily timeframe, Bitcoin it's break out this simetric triangle and based in this theory, Bitcoin it's in the support of this trend line break out
Tezos it's into this simetric triangle!!!I'm in long position from the past week. And this it's just my update for who want to know the Tezos situation. Im in long posiiton from the price of $3.43 USD with the SL at $2.60 USD and my target will be $7.50 USD. And also, if you look for example: in H8 or H12 timeframe, Tezos form like a bullish divergence in H8 timeframe and in H4 Tezos could to form a Shoulder Head Shoulder (inverted), that could be a good signal for this cryptocurrency. But my main enfocous it's from Daily timeframe, I see a good panoramic for Tezos!!!
And also guys,I invite you to check out my Tezos recent analysis that you can to watch and know the panorami in 3 Daily timeframe.
Long Position: Bitcoin continue up!!!I put a buy order limit exactl at $40,000 USD as Bitcoin break out the resistance, that it's now support in the level of $39,400 USD. My SL will be around of $37,000 USD and my target will be the level of $53,600 USD.
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I see that in H4 timeframe, BItcoin continue up maybe in the next hours.
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And looking in Daily timeframe, we see that Bitcoin it's extremely bullish to $%3,100 USD, for that, the reversal could be valided in the trend.
Alert: Bitcoin break up the simetric triangle!!!At the moment, looking in Hourly timeframes, we see that Bitcoin deciding to continue up, Bitcoin price it's around of $38,800 USD and the price have all chances to make a reversal in the trend, in that case will be bullish. So, I hope that BItcoin make a down around of $38,000-$37,700 USD to entry in this range to long posiition with the SL around of $35,600 USD and target profit $52,000 USD based in the forecast that I put in the anche of this simetric triangle. And also, I see that RSI form a bullish divergence in H8 timeframe, that was a good signal during this day.
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And now, in Daily timeframe, as Bitcoin break out this simetric triangle, there's a lo chances that Bitcoin could to continue bullish and make a reversal of this trend.
So guys, we hope that Bitcoin make a little down in this range what I told in the first paragraph to entry in long position in Bitcoin.
Sell Dogecoin to get Bitcoin!!!Ok, right now, if you look, Dogecoin it's look bearsih in this par DOGE/BTC ratio. So, that mean if you see, Bitcoin it's strenghten and if you invest in Dogecoin, you can to sell your Dogecoin to conserve your Bitcoin power, and then, you can to buy Dogecoin when down to 500 satoshi. This it's your way if you want to accumulate more Dogecoins.
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And this it's the 3 Daily timeframe and based in my opinion, I know when Bitcoin vs. Altcoins are up and altcoins suffer in front of Bitcoin for your investment in cryptocurrencies.
My possible next trade for Bitcoin!!!Bitcoin form a simetric triangle in H8 timeframe, but at the moment, we can't to buy Bitcoin, I hope to buy Bitcoin contract above of $37,700 USD.
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Now, if you look the Daily timeframe, there's 2 indicator that show that Bitcoin it's preparing to continue to bullish movement soon. MACD show us good zone to buy, but not confirmed in the price action, for that, I decide to hope until Bitcoin break up the resistance at $37,700 USD. Meanwhile, in the RSI Bitcoin form a bullish diverngece making lower higher in the indicator and the price action maybe a lower low. That could be an indication that bulls are preparing to make a movement volatile soon!!!
At the moment, my idea it's neutral, but the chances could be bullish!!!
Time to short Ethereum!!!Just I want to share my perspective how I see Ethereum. Ethereum brokedown the simetric triangle and right now, we are in the ressitance to confirm, but we can't to entry in the short position, just I may to hope in this timeframe analyzing in H4 timeframe.
If the next candlestick in formation show us a bearsih pattern, we can to entry to short Ethereum. My next forecast it's that Ethereum could to reach down to $1,650 USD approximately.
Short Position: NEO break out this simetric triangle!!!I wil put a short position in NEO from $54 USD to sell order limit until the $28 USD, this will be my final target approximately. NEO it's look bearish in H4 timeframe and H12 timeframe.
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This it's the Daily timeframe and I believe that buy NEO contract will be an error, because as Bitcoin dump, NEO follow Bitcoin.
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But if you look the H4 timeframe, NEO form like a simetric triangle, and that will be considered a bearish signal. For that ,I decide to sell NEO as I have a perspective that cryptocurrencies going to crash!!!
Good luck!!!
I decide to buy NEO contract; why?Looking the Daily chart, NEO it's in the accumulation zone that you can to buy this cryptocurrency to hold or buy in contract to leverage with NEO/USD. This cryptocurrency it's show us a good trade to keep to medium term. That mean that in medium term, you can to earn a lot money if you keep this position to $130 USD. But using my broker Simple FX to accumulating more Cardano coins. Also, I want to show you my own strategy if you want to accumulate Cardano in Simple FX in my others post. Remember, my goal it's to reach my 20,000 ADA coins.
Now, looking in the Daily timeframe, NEO form a simetri trianlge in the key spport line, this line it's a good point that you can to invest in NEO or buy contract leverage in your trading, and alos that NEO make support in the $47 USD and $55 USD. That it's a key zone that you can to buy NEO contract or investment. But that it's my prediction how I see NEO in medium term to go back to $130 USD. Right now, NEO price it's around of $55 USD.
I entry in the market price until the target at $130 USD and SL around of $42 USD. i just buy 16 NEO contract to keep this position to long.
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And also, you can to watch the 3 Daily timeframe, it's look bullish too.
