Technicaanalysis
SHIBUSDT - 3 TPs for this pumpBINANCE:SHIBUSDT
1H trend chart
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SHIB is pumping after retesting Fib 0.382 and breaking out the downtrend line.
Therefore, we can set TPs for it with Fib, trading strategy as below.
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Profit Targets:
a) 0.3878----Fib(1)
b) 0.4130~0.4232----Fib(1.272~1.382)
c) 0.445----Fib(1.618)
Stop losses:
a) 0.3377-----Red horizontal ray
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DENTUSDT - Good entry timing after thatBINANCE:DENTUSDT
1H trend chart
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DENT has broken out a downtrend line, but got resisted further.
It is consolidating as a descending wedge, and there is an obvious zone around Fib(0.618).
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 0.006920----Fib(1)
b) 0.007775~0.008120----Fib(1.272~1.382)
c) 0.008862-----Fib(1.618)
Stop losses:
a) 0.005632-----Red horizontal line
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If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
ETH TO GO BULLISH AGAIN ONCE EMA20 CROSSES BACK OVER EMA50KRAKEN:ETHUSD
Here is some more analysis using EMAs looking at 1 hour candles.
You can see with each pink circle, once the EMA20 (blue line) crosses above the EMA50 (black line) we enter a bullish period. This spike continues until EMAs even out and the EMA50 crosses back over. Looking at the green circle we see EMA50 is currently still above, once that turns we are bullish.
These two EMAs are very standard for cryptocurrency analysis.
This is not financial advice! Please trade at your own risk.
SPY-Short term bounce , AlphaOverBeta Market OutlookHello traders,
SPY dropped 35% since its all-time high in the last 5 weeks,
At the moment traders are looking for direction and any estimate is just that .. an estimate.
Our models set two lines for SPY to cross and trigger a meaningful alert.
245 to the upside, crossing this line to the upside should increase risk in the long portfolio, the second line for long risk increase is 270
220 to the downside, this is the lowest the market has been in this downturn, crossing this line to the downside significantly increases the risk in the short portfolio (or cash)
Trade Smartly,
Alon, AlphaOverBeta