DOTETH - Break out, two take profit targetsDOT breakout both on USD & ETH, I foresee more short term chop in this chart, so I have 2/3 TP on first target & 1/3 on the second.
Targets
Ethereum 4 month trendchannel - Is this the top for now?Hello Traders
I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months.
Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend channel. The Price has now converged with the short and long trend channel on the upside.
It is now good to watch what happens next. My idea is that there should first be a correction to the current sharp rise. So I am not a buyer of Ethereum at these levels now. I prefer buying at the lower boundery of the trendchannel because of a much better risk reward and less risk.
If Ethereum does break out further upwards I would certainly place tight stops to protect profits.
A next target for a breakout from this long-term trend channel would then be 4000 USD.
Please share your thoughts about Ethereum. Do you think it will have a correction or do you think it will break the upward trend channel and continues to rise. Please explain not only your view but more important the how and why!
In the past Ethereum was not able to breakout this channel so it is very interesting how it further develops!
HOW TO DETECT TARGET ZONES?EURUSD (Forex):
In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected.
First of all, this offers us a short opportunity.
How can you find target zones? ❗️
To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first profits should then be realized in this zone.
I also use the fibonacci tool to display possible zones in which I can sell. In particular, I pay attention to the 0.5 retracement in combination with the 0.618 retracement. In the chart you can clearly see that these zones roughly correspond to my own drawn zones.
BTC/USDT Update, #BTCusdt, New strategyMeanwhile, BTC break up trend line as u can see and it could be a proper action over price.
Read line is the next Resistance area for #BITCOIN BINANCE:BTCUSDT $56800 - $57100, AND Green line and area can react as a Supportive area.
If BTC break up Golden area( price action Resistance area), it can reach other targets easily.
XLMUSD - Rocket has left the pad, quick pause then retest ~0.7XLM blasted through the 50D MA like a rocket, followed with a solid break & close above the down trend and has moved into a very positive Gann Fan channel. Volume oscillator seems to be bottoming out, confirmed by the RSI confirming a rising trend in strength. Should see a mild bounce & some consolidation near local ATH.
Presently bumping it's head against the 21D MA, might get a quick dip before moving on up.
ETHUSD - Media pumping ATH, BTFD! About to dip while ALTs pump.ETH has been on fire! Seeing that it hit some large headlines and the RSI is curling over, looking for a quick dip to punish the n00bz before heading for ~$3300 next month. Some notes about interesting areas, BTFD target & profit target.. I got in much lower. :)
ALGOUSD - Breaking above 50D MAForming a mis-shapen cup & handle, two recent big pumps but still trending sideways in a consolidation range. Pretty good entry if you're not in already, looking to re-test recent highs. I like ALGO because of the simple 6% interest w/o lock up, long term this should be banger, adoption presently a bit light but big things expected in the future.
COTI FIB and targets charted this one up about 2 or 3vweeks ago for a flip. Put 50% in after it hit 0.5 and another 25% in at 0.618. Put the rest in recently. Looks like starting to pan out. Hopefully it holds.
Silver Big Move AheadSimilar to my latest Gold Chart, I believe that the final impulse (sub) wave of the first leg up will lead us into a correction before or just after breaching 28.5. This will be underway with a breach of 26.3 (confirmation) and then 27 (participation).
Correction at the top will be deep (~25.8), as it will be part of wave two. The first (non-believer) selloff in the first of three major moves higher from the bottom on March 31st.
I think a healthy correction will bring us back as far as this 25.8 before true liftoff ~ in June? ~
The Gold chart is appearing to me very similar in structure.
Outperforming US equities dramatically for the rest of 2021, with the first show of strength beginning now.
DOGEUSDT Technical AnalysisHello guys
If the price breaks the curve line. It could hit the targets. This is a risky trade. That's why I put the warning sign.
It's because with every tweet of Elon Musk this coin pumps and dumps.
Don't forget money management and setting a stop loss.
Follow me for more TS.
Cheers :)
TCS intraday position for 23/04/21Disclaimer: for education purposes only and not recommended for trade
Intraday position for #TCS for #intraday on 23/04/21 and each line has it's own entry and exit point.
Diamond Breakdown With TargetsI'm expecting a brief 25-30 percent correction before continued upside. Bearish Profit taking targets will be at around the $6.90 area with Stoplosses above $10.24
I expect that after GEL retraces back down to the $6.90-$6.40 Levels that it will continue it's uptrend:
For bullish Targets on GEL refer back to my original Bullish idea on the Related Ideas tab
Ethereum and his challenge with Pitchfork midlineEthereum is trying to reach pointed targets by crossing the Pitchfork midline. Of course, he has lost this line twice, I hope it succeeds this time.
$XRP long term weekly chartOkay so first of all this idea might seem a little crazy. BUT for my target analysis I simply applied the same fib levels and percentage ranges from the 2017/2018 bull run. That previous bull cycle included basically 2 bull runs. The basic premise for my target analysis is that we'll get this kind of 2 fold bull run in 2021/22 again.
So, let's start:
Currently the XRP price is at the 0.5 fib retracement level from the 2018 bull run. In 2017 the price retraced until the 2.618 level before we got a huge pullback to the 0.702 level, followed by a rally all the way up to the 2018 ATH.
Applied to 2021 this means we would go all the way up to around $9 (2.618 level) before a big pullback to $2.50 (0.702 level) followed by a shoot up to around $50 which marks the 2021 top.
After the blow off top with a pullback of around 70% to the 4.236 (around $14) level which acts now as support.
Followed by a 8 month consolidation and cool off period before we start again with the final run up that could lead us all the way up to around $420 according to the percentage moves from the 2018 cycle.
Taking into account that many people often sell too early and that parabolic phases often last much longer than most people think I consider these price level as an interesting idea.
Disclaimer:
This is by no means a prediction of any kind. This is simply an IDEA. The idea that the same percentage moves apply in 2021/22 as in the 2017/18.
THIS IS NOT INVESTMENT ADVICE
BTC/NEO SETUP" Break above 200MA = Early signal!Chart is pretty self explanatory. Breaks above 200MA often precede pumps, as do Golden crosses (when the 100MA crosses above the 200MA)
Right now BTC is pumping, which is either another head fake to distract from altcoin setups, or, if BTC.D pulls a reversal, then ultimate alt season really will be postponed.
I'm bullish on NEO either way (see previous charts below), and right now it's respecting this ascending channel.
Hopefully this is the start of a macro reversal and not a macro bear flag; only time will tell, but I'm bullish.
happy trades,
CD
GBPUSD/1DA COMPLETE BREAKOUT FROM RESISTANCE LINE IS IMPRESSIVE.
For neutral term I think price will be able to kiss these targets :
1) 1.38546
2) 1.39391
3) 1.41216
4) 1.42219
MONERO BREAKOUT OR BREAKDOWN .. 80% MOVE IS IMINENT Hi Everyone
12 TF We have Symmetrical Triangle close to the apex for a breakout or breakdown
I have done a fib ext pull to give potential targets both ways ... the1-1 extention
aligns with the measured move of the triangle from Hi -Lo .
Wait for a break of the support or the resistance and a candle close and Backtest before taking a trade and
be aware of a potential fake out to the upside first or vice versa ..this is why the backtest should be waited for .
follow the rules for validation to take entry and your trade wont be invalidated.
manage risk and SL and thanks for your support.
Any comments or questions then write away
LIT idea and AnalysisA young coin! Here you see targets in orange short lines and buy/danger zone in the green zone. So I believe we have to put stop-loss bellow the green zone even though you want to buy it cheaper.
GBPAUD ANALYSIS FOR MARCH 22 2021 GBPAUD LETS SEE HOW LONG IT TAKES TO BREAK THE UPPER TREND LINE AND SEE IF WE CAN HIT SOME TARGETS ....
$AMC Technical Analysis1D Chart - Fib Retracement (Entry Points) & Feb Extension (Price Targets) along w/ RSI and 2 MA's (50 & 100 Day)
