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MANAUSDT TECHNICAL ANALYSIS Decentraland barely not sinking The metaverse altcoin, which was trading at $0.9085 during press time, noted a 7.73% spike over the last seven days. This price appreciation might seem like a solid opportunity for investment. However, we should not forget that it is only on a micro-scale. On a macro-lense, MANA is far from recovering. What our chart telling us? Beginning November 2021, MANA was $5,87 level and lost approximately 89% and fell down till $0,62. The candles are staying above to support line and almost will reach to resistance line. The candles already breakdown down trendline and one of the candle has been completely open close above to down trendline. We are getting BYY 2 signals from our robo advisor @EngineeringRobo in recent/current candle and we need to wait for the new candle come up and if our buy 2 signal still over there, It may opportunity to buy for us. Our Risk/Reward ratio 1.27 and Moving average lines are almost in the intersection. If direction get chance, it may another an opportunity to buy again in our daily time frame chart. Let’s follow up our chart closely and don’t forget to follow me. “NFA”
by ABSTOCKER
XRP - Ripple without doubts STRONG Move UP! Could above 0.3440$!Analysis for next week January 6 — 10, 2020 - Ripple - XRP/USD end the trading week at 0.19102 and continue to move within the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1405 (exactly if will break the strong support area 0.1746). Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3445 as part of the development of the bullish «Wolfe Wave» model. Hints are a lot so we can say this is a new chapter of New Market-Cycle, without doubts. As soon with all Top Crypto with BTC strong Dominance - 68.20% increased with + 0.06% from yesterday test near strong supports. - In favor of the growth of XRP/USD quotes in the current trading week from January 6 to 10, 2020 , a test of the support line on the relative strength index (RSI) will come out. The second signal will be the completion of the formation of the bull model «Wolfe Wave» . Analysis January 6 — 10, 2020 suggests an attempt to test the support level near the 0.1405 area. Where can we expect continued growth of quotations with a potential target at the level of 0.3445 . An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). - Hope you guys you support our work with a like and share of this post! Also don't foreget to follows us! :) You can motivate us to post more analysis cryptocurrency charts! Thank you! ,) Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
BITSTAMP:XRPUSDLong
by DERYMEXCRYPTO
2
Bullish play is still on 📊Let see where it wanna go Target 1,05 is still in play and thats around +200 % gain from the 0,31 mark. remember we are in the bear market even thu some are still technical to the upside ( like CRO ) But it all depends on how the market will react. If the course stays over 0,31 the bull are still in play , if we break that we can see a down side on -25 % to the 0,20 mark ( biggest CRO support ) and that means we are in a bear market with CRO aswell. Lets find out where is gonna go to in the next couple of mouths ( stay alert to the overall market aswell since they are in charge atm )
by SimpleinvestMarttin
TRIPLE TOP PATTERN. Tips on how to trade it 📚 🟢The triple top is a very powerful reversal pattern. Visually, it represents three consecutive peaks approximately equal in height. Formally, it can be considered as a special case of the head and shoulders formation, whose head height is approximately equal to the shoulders. Moreover, the differences between them are purely academic, since, from a practical point of view, both of them indicate a change in the uptrend to a downtrend. ✅The pattern reflects three consecutive unsuccessful attempts to break through a certain resistance level. At the same time, each subsequent unsuccessful attempt indicates a weakening of the bulls and increases the likelihood of a future reversal. ❗️To correctly identify the pattern, the analyst should pay attention to the following conditions. 1️⃣The formation of a triple top should be preceded by a solid upward (bullish) trend, which should last at least a month, and preferably several months. 2️⃣Three consecutive tops must be clearly expressed and be approximately the same height. Through their maxima, the upper resistance level is built. The maxima should differ from each other by no more than 1-2%. 3️⃣ The lower support level is built through the minimum of the retracement after the first and second peaks depending on which of them will be lower. 4️⃣ As the triple top forms, there should be a gradual decline in trade volumes. At the same time, a local increase in trading volumes in the area of a top formation is considered acceptable. This is a confirmation of the gradual weakening of bull pressure on the market and a sign of an approaching trend reversal. 5️⃣ The triple top gives its final confirmation only after breaking through the lower support level after the formation of the third top. The breakout should be accompanied by a significant increase in trading volumes, and the appearance of price gaps on the chart is also desirable. After breaking through, the support level becomes the resistance level, in the area in which subsequent corrective price movements are possible. 6️⃣ To determine the goal of the price movement, it is necessary to measure the distance between the lower support level and the maximum point of the triple top. Then this distance should be projected from a broken support level to the downside. 7️⃣ The reliability of the patterns directly depends on the duration of the period during which it was formed. It should be at least several months. ⚠️In technical analysis, the triple top is one of the most difficult to recognize and "insidious" figures for an investor. Until the third top is formed, this figure looks like a classic double top. Also, three consecutive peaks of approximately equal height are characteristic of the ascending triangle and rectangle patterns, which are trend continuation formations. Thus, the final confirmation of the triple top is received only after a consequent breakout of the lower support level, which should be accompanied by a sharp increase in trading volumes. Do you trade triple top?🤔 ❤️ Please, support our work with like & comment! ❤️
Education
by SignalProvider
9
ETHUSD(1D): ETHUSD daily touching a major support linesMarket in the last 1 week The price saw a major downward trend as it moved from the upper to the lower Bollinger band. The rice reached another support trend line. Trading volume has been very high in the last 1 week. The volume can be seen increasing with an increase in price suggesting that the bearish momentum is strong and most likely will continue until we see a drop in the daily trading volume. Next Week's Trend analysis The price is expected to move in the overall bullish momentum as the current price is near 2 major support lines. If the price rejects the support lines then we will continue to see a major downtrend. The price change was high at approximately17.2 %, with the week's range between $4144 — $4860. Price at the time of publishing: $4308 ETH’s market cap: $510 Billion However, the Indicator summary is giving a 'SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSDLong
by Mudrex
1
The nature of the movement of financial markets 1. Key levels breakout Bulls/bears become strong enough to violate a key support/resistance and are willing to push to new lows/highs The best opportunity for trade entries. 2. Trend continuation Strong bearish/bullish trend following movement. More and more trades join the rally after a breakout. 3. Consolidation & accumulation Oversold/overbought condition of the market & local accumulation. Market participants are waiting for a trigger to continue pushing. The best opportunity to protect profits. Black line - price action within the stages ❤️ Please, support our work with like & comment! ❤️
BITSTAMP:BTCUSDEducation
by UnitedSignals
11