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Technical-analysis

Polkadot Price Analysis with Buy areasWelcome back to yet another technical analysis on a cryptocurrency. In this analysis, I will look at the price of Polkadot, using EMA's, trendlines, fibonacci retracement and key levels. I assume all cryptocurrencies to be bullish still for a month or two and after that I am not sure how it will go after that. This analysis might seem a little overwhelming at first, but the only interesting thing for you are the coloured boxes. The green boxes are buy areas, where the upper one if more of a hold area and the longer one's are more daytrades, but also less risky hold areas. The purple areas are break retest opportunities, where price has to break through it first and then I think they will act as support. It is very important to understand that these boxes can only be used when price actually hits them in the chart and that they are therefore limited to a certain timeframe in the future. Always make sure to do your own analysis too!
Long
by CilinixFXCapital
BITCOIN 1 HOUR LINING UP FOR RUN!!!BITSTAMP:BTCUSD Bitcoin's 1hr chart has just recently broken above a short term resisting trend line. Being above this trend line technically implies that there is no actual resistance for Bitcoin until 47724.05. RSI is holding a very evident bullish divergence which is a major indication for strength to come. MACD has also recently given a bullish crossover, which can be perceived as another bullish sign! We can only connect the dots looking backward and trust that they will connect in the future, and in this case, charts, and indicators are all lined up for bullishness, so the question is, will they connect in the future?
BITSTAMP:BTCUSDLong
by javonmarks00
4
NZDUSD Pattern completionNZDUSD showing some textbook price action providing us with a potential opportunity to go short. A double top M pattern completing the retest of the neckline, lining up with key fib levels. We can now see momentum starting to shift with the current formation of candlesticks (shorter bodies + longer wicks). If we are to see this area hold as resistance and break below, on a retest we will be looking to enter short and for price to continue the downside move. Note that we will only be entering on retests as it will provide us with the confirmations we need and superior R/R. Targets set at 1.272 extension of the previous swing. A break above our key area will invalidate this set up. If you have any questions please comment. - Nick
Short
by IroncladFX
Large Bullish Falling Wedge BreakoutA breakout of a downward sloping supply line has been broken to the upside on the daily and weekly timeframes. The supply line serves as the over head slope to a falling wedge pattern with lower sloping support that goes all the way back to March. This is a very large structure so the price action to the upside we require some patience. A retest of 32328 could be in store as that would give us a confirming backtest of the falling wedge patter which we hope will now flip to support. Bullish confluence can be found at 32328 as there is a strong support level. If this level gets broken Bitcoin will most likely retest 30k. In the meantime, short term support/stop loss for me will be 33312 and 33870. Again, this is on the weekly. This requires patience to wait for each weekly candle close every Sunday before rushing to make any drastic decisions.
COINBASE:BTCUSDLong
by TradeVibez
GBPUSD larger retracement due?On the left hand side, we can see from the weekly timeframe that bulls have failed twice to hold above 1.42. Bears seem to be in control now and from a COT perspective we can also see long positions being taken off while shorts are being added. We can expect price to retrace back to previous resistance that is now support before we can see some larger moves to the upside. From a 4hr perspective we can see the completion of an inverted M formation and a retracement to the neckline of this structure, including a 61.8 retracement. All of this indicates a further move to the downside. Personally, I am waiting for further validation including a cut of moving averages to confirm the market environment but I feel confident that we will see a deeper pullback to 1.33. I am fundamentally bullish on GBPUSD but short term I think it's very fair to see a sell off. Longer term, Cable is in a massive uptrend and 1.33 would be a great entry price to continue this trend with high R/R. If you have any questions please comment below. - Nick
Short
by IroncladFX
7