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Trader-elisa

SNT ready?Hoping with the volume on the prior run this is ready, so far price is holding this level as a new support and squeezed against downtrend resistance now too. Bollinger bands squeezed inside Keltner Channels on 1h indicating an upcoming move, RSI rebounded, Stoch/Stoch RSI are pointing up and MACD close to a cross. Not overly ambitious targets, just looking to next fibs right now. Buy on a break of resistance trend, and stop just below the lows of the short term consolidation or as low as 535 if you prefer more space (calculate your position size and risk accordingly). History shows these bull flags break down often on SNT so don't jump in too early.
Long
by Trader-Elisa
6
VIBE starting up?A second bounce on the 70.7 and a higher low made on the trendline. You can either buy now or wait and see if price comes back a little closer to trend. We have almost a month of consolidation in this range and the recent spikes show larger buy orders coming in clearing out sellers in the next range above. Indicators are looking good right now. On the 4h chart: -Double bottom on the MFI -RSI breakout of range -MACD cross -Stoch and Stoch RSI crossed and moving up sharply -EMAs close with short crossed over medium, and long incoming for a cross. -ADX is strong and +ive DMI slanting upwards Entry: market Stop: 0.00000939 TP1: 0.00001182 BTC (3.86R) TP2: 0.00001297 BTC (6.16R) TP3: 0.00001473 BTC (9.68R)
VLong
by Trader-Elisa
LRC - risky trade because aren't they all right now!LRC - risky trade because aren't they all right now! I'm hoping this trendline confirms and then we are looking at a similar push to local resistance as many charts have right now. I like LRC as it came down fast therefore didn't have a chance to build strong support at higher levels. Regardless, I am again taking conservative targets until the market shows signs of turning around. If any upcoming candles show green we will be looking at a bullish hidden divergence, and for the most part I am looking at stronger buy volume than sell volume. Entry - between now and the next horizontal at around 1615 if the diagonal doesn't confirm. SL - below horizontal at 1595 TP1 - 1760 TP2 - 1835
Long
by Trader-Elisa
BTC UpdateFell off the possible diagonal it was creating although I am not a fan of the validity of these with such a large gap between touches. Price has come back to support on the 70.7 and local low. So far has been respecting fib levels well. When price fails a couple of times to break a level it will typically come down and test out lower lows. Holding now is therefore pretty important. 3380 remains my final level which has yet to be retested since we broke that resistance back in December. Indicators have corrected well with this move, however the next few hours will show us whether the price has the strength to bounce here. I am not a big user of the cloud, except on occasion on BTC. You can see clearly here the resistance the price was and is up against.
BITFINEX:BTCUSD
by Trader-Elisa
#BTC - Symmetrical triangle breakout coming up.Symmetrical triangle is coming to a head on the near term. Targets are around $300 in the directions of the break. On the upside 6500 would be more likely, while on the downside this would take us back to the trend line running through the two lows of June and August. Looking at an inverse head and shoulders on the RSI and up ticks on the ADX. The EMAs (5,10,20) are close together on the 4 hour chart and looking for a cross. We bounced off flat bollinger bands (lowered volatility) and are currently at the median line. There is unsurprisingly a fair amount of resistance in this area as it is a prior support level, however consolidation is going well.
BITFINEX:BTCUSD
by Trader-Elisa
3
ETH - possible reversal....ETH - pretty damn close to meeting my harmonic target - not a textbook defined harmonic but one with a set of retracements I recognised from charting LINK. (Randomly!) I would expect a rebound from a harmonic which has met support (78.6 of larger move) initially to 50% of the CD leg - i.e. around 0.063, which coincides with the 61.8% fib on the larger move and the longer term downtrend which treats A as a fakeout. However there are various resistances between. In addition, we are seeing similar oversold levels on this daily chart as we saw at B, and bullish RSI divergence. ADX remains a concern with the bearish trend still evidenced.
Long
by Trader-Elisa
BNB - back to trend and gearing up again. BNB has falling back to its longer term trend line and also the 61.8% fib of the retracement of the more recent up move. On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are strong, and while the RSI is bullish it is a little high for this early in a rally. The 1 hour is seeing a volume spike right now, although the price isn't rising at the same rate. If the volume/price continues to increase, buy on a dip, or wait and buy at around 191 following the next bounce.
Long
by Trader-Elisa
6
VIB - slow burner, waiting for the next volume influx...Like many coins VIB showed some bullish divergence a few days ago and had a small rally to its resistance falling trend line. Price fell back to the 78.6% fib and has found support here. Substantial volume can be seen leading up to the 14th, however this has fallen off dramatically over the weekend - this hopefully shows limited interest in selling the price lower at this point, with buyers waiting to see further movement (rather than exchange volume manipulation!) While the Chaikin Money Flow remains below zero, it has flattened out and shows divergence across July implying the outflow has diminished. The MFI is essentially a volume-based RSI therefore somewhat mirrors the RSI movement, the indicator posted an extended buy signal being in the oversold region for the last weeks of June, and we can now see more bullish divergence forming over the last few days. This could be a bit of a slow burner over the next couple of weeks if volume stays low, but I'll be setting an alert for any movement. Stoch RSI and MACD aren't quite ready for a buy yet. Wait for a few more candles and watch for large green candles on the 4 hour for a good entry.
Long
by Trader-Elisa
NEO - new time to buy!NEO - Another possible buy point. Broke the wedge shown in my previous analysis and corrected back to the 78.6% fib. A new wedge has been formed as well as a possible triangle support, making this another decent buy point. Indicators are positioned well having shown bullish divergence a couple of days ago. You can see here the Bollinger Bands (2 st.dev in blue and 3 st.dev in red) are coming inside the Keltner Channels (1.5) - this squeeze implies an upcoming break out, although does not confirm direction. Watch for volume building as the price crosses the resistance line, and more so watch BTC as NEO will likely fall below the triangle into the larger wedge if BTC makes a larger movement.
Long
by Trader-Elisa