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Trader-elisa

NEO - upcoming NNS airdropThis idea is very tentative since we aren't seeing any positive price movement so far, and also due to BTC's current decline. However NEO holders have an upcoming airdrop of NNS tokens with a snapshot due on the 27th June - typically this would have already seen a price rally, hence the tentativeness of this idea! But it is on my watchlist regardless. The day chart shows bullish divergence and an oversold RSI like the majority of alts right now. Similar can be seen on the Stoch RSI, CMF, MFI, Chaikin and MACD histogram (not shown). While obviously there is still strong selling, traded volume has increased over the last week Another interesting point of note is we are very close to seeing a bullish Gartley, a strong harmonic pattern. The price would be expected to fall to the 78.6% fib region to complete this pattern and then to confirm it with a strong reversal candlestick pattern. However there is some flexibility. Regardless of whether the upcoming airdrop affects the price, the possible completion of this pattern is worth watching. On the 4 hour we are seeing the same divergences and are running along the bottom of the bollinger bands, and have seen this for the last few days. We are nearing the apex of the falling wedge which is a bullish pattern. I won't take this analysis to lower timeframes than this - in summary - there are many bullish considerations on this chart, coupled with the airdrop, however there is not yet any confirmation Trade this at your own risk, wait for confirmation in the candlesticks and upturns/crosses on the indicators - and watch BTC!
by Trader-Elisa
5
NCASH - possible mini-tradeDay chart showing a large amount of bullish divergence on the RSI (reflected in the CMF and MFI), however take note that the price has dipped slightly below the binance opening low now, so support has diminished at this level. The ADX is still showing a strong downtrend but has now turned over - i.e. it is weakening. The downtrend can also be seen to be tapering off by looking at the diminishing slope of the price and the movement to the upper side of the channel. On the 4 hour, the volume and moneyflow indicators aren't yet showing the signs we'd like of an imminent break out. However other indicators make me feel this coin is worth watching or a quick scalp. The Stoch and Stoch RSI are both bottomed out and have crossed positively and the bullish divergence can also be seen on the RSI on this timeframe. The base of this now potentially falling wedge is looking strong and the recent green candles are exceeding the red in size and strength. Additionally, and perhaps most importantly, the last 8-12 hours of BTC movement had little impact - the price had bounced down from the trend line prior, and it is one of very few green coins right now. Timeframes below 4 hour don't tell me to buy right now - indicators are too high. But I think this is worth alerting for a possible buy at 210, first sell at the trendline, approx. 227, higher if the volume supports it. Stop losses should be tight, perhaps around 200. This is <10% trade in this climate across some time so don't expect too much!
NLong
by Trader-Elisa
TRX - Bullish GartleyBullish Gartley and some indecision candles being shown in the PRZ, still waiting for an affirmative bounce! More than 50% of the indicators I look at are showing bullish divergence with probably another 25% recording oversold conditions. Price is at a confluence of prior resistance potentially turned support, possible new trendline (green dotted) and the Gartley. Square up (purple dotted) and prior mid term trendline (purple) provide further support <100 sats below. Option for a short trade, buy upon a confirmed bounce at close to this price, sell at the orange downtrend line and place stop loss below the square up at 950 for a 2.8x risk:return ratio.
Long
by Trader-Elisa
6
ADX - New buying opportunityA new buying opportunity here as ADX has nearly fallen back to its mid term support at 8000. As we come to the apex of a near term falling wedge, and over a longer period two upper trendline resistances squeezing the price against the support, we are likely to see an upward move in response presuming support holds strong. Divergences are already apparent or are starting to develop on a number of indicators signalling a possible trend change. While volume is substantially lower than historically, the OBV and Volume Oscillator are also showing signs of growing strength. If support can come in to break the wedge potential fib/previous resistance targets are at 16500 and 23000. On the above chart we are seeing the bollinger bands squeeze and start to come inside the Keltner Channels indicating an upcoming break out (which could be up or down). Looking for the MACD to recross upwards and confirm bullish divergence. Longer term view: Failing support, longer term ATL is at 5500. Stop loss suggested at 7500.
Long
by Trader-Elisa
BTC - boringly neutral right now!BTC - the confluence zone is still holding at horizontal support, 78.6 fib, bullish falling wedge, and upward longterm trend from July 2017. We are pressing right to the apex of the original wedge (which may have been invalidated already) so the next couple of candles will be interesting. Shorter term, we can see a bearish pennant forming - a measured move down if this plays out will take us to 6400 and the previous low, although there is a square up candle and the Feb 2018 trendline in between (approx. 6980 and 6850) Indicators are mixed, without much conclusive, and no new divergence on longer timeframes since the bullish seen around 24 hours ago and prior. Similarly the candles are showing indecision. On the 1 hour the cloud is still quite thick and will likely need a pump of volume to make it up and through - will we get this at the weekend? Recent history suggests not.
BITFINEX:BTCUSD
by Trader-Elisa
BTC - Quick UpdateCurrently a whole raft of supports and resistances to be watching on BTC. Looking at the 4hr, we are sitting in a small possible channel or have bounced off a broadening wedge based on a trendline running from the 6.5k bottom (brown line). A possible new downward trend has formed off the prior three highs (purple line). Additionally we have a strong support turned resistance in the same 88-8900 area (blue line). From the 1 hour we can also see weakening volume and regular divergence on the CMF. For the bigger picture and on the bearish side, this could still be wave B of the three wave corrective Elliot of the whole recent move from 6.5k to 10k, with the 50% fib being the recent bottom of A. This is supported by a bearish hidden divergence noted on the RSI, and the bear flag made by the channel. In addition the recent upward trend can be seen dying off on the ADX. If this possible Elliot plays out, I suspect we'll see a healthy retrace back to the 61.8% at around 78-7900, although 8k may also provide a psychological support. On the bullish side, there are fewer signs than bearish right now. On the 8 hour the price is coming around the bottom of the cloud hugging it, which from what I have seen means it's gearing up for another go at the kumo resistance. The 4 hour MACD is still looking ok but this can be a very lagging indicator. We also had strong bullish divergence off the two recent lows, and when this has happened in the past has provided momentum to get through the resistances. On the 1 hour the parabolic SAR is still on a buy, while there is a mini-bullish wedge forming. All up, bearish is in the lead right now for the mid term, (in my humble opinion). However if the bullish signs on the lower timeframes hang round a while and we bounce in this channel for a while, it's possible the bearish signs will iron out, supports will grow in strength and we'll start to see more upward moves. If you like this and want to see more please give me a follow, come and see me on discord or twitter!
BITFINEX:BTCUSD
by Trader-Elisa
SALT - at support with some bullish indicators SALT - for the last month this coin has had some really strong volume and price increase, however the recent move by BTC hit SALT hard with the price retracing to the 61.8% fib. The fib coincides with a previous support line and the bounce printed a bullish doji morning star on the 4 hour. In addition we can see bullish rsi divergence and the formation of a bullish falling wedge. The 1 day is on the verge of printing a strong hidden divergence (if the rsi forms a new valley). If you are already in SALT it is worth staying in to see if this current price level support holds and the divergences play out. If you are looking to buy the same applies - it is noted that the rsi has come up more than I would prefer on the lower timeframes so we may see some sideways movement or a retest of the support level before trying to break out of the wedge.
SLong
by Trader-Elisa
2
RADS - long term analysis We’ve come around and underneath the 3 day Ichimoku cloud which has now thinned dramatically throughout the consolidation period - i.e. forms a lesser resistance the next time the price approaches it (exactly as we saw with BTC if you were following my previous analysis there). The Tenkan and Kijun lines have now crossed, and the chikou-span is looking to cross price (and become bullish but can be a very lagging indicator) but hasn’t yet achieved it. On the 1 day we have already come through the cloud, are sitting right above the Kumo twist, and we can see the future cloud is bullish, however the cloud would form weak support if the price was to dive imminently. Strong recent volume pushed the price back to the trend line, with decreasing volume in the subsequent selling (implying declined interest in selling at this price point). We are also again approaching a 9 month long falling downtrend resistance line, and the apex of a triangle at 70k with a back up at 50k. RSI in a good position to bounce and turn on both 1 and 3 day. ADX gradient has dropped off so I am looking also for this to turn back upward on the 1 day, although 3 day still looks strong. MACD is still crossed positively and the EMAs (7,77,231) are coming together looking for a cross on 3 day too. All up we have a 50:50 mix from what I see on the indicators, either positive already or trying to head that way. Couple this with meeting the apex of trends and I’m hoping for a break out...ideally before any retrace to that 50k area. BTC is on the possible edge of a strong movement in this 10k region so if you enter now an alts, stop loss and keep watch. Note also the 1 and 4 hour haven’t confirmed this upward trend line to 70k will hold yet so I recommend keeping a watch for any signs on the lower timeframes of lower trend line bounce, or more conservatively the upper triangle break out, and only enter when the price confirms.
RLong
by Trader-Elisa
3
DASH - trianglesHigh traded volume for DASH at the lower price levels recently between 43k and 50k sats. Price has settled on the 23.6 fib of the big down move (which incidentally coincides with the 61.8 fib of the much longer term up move shown on the bittrex chart). RSI and ADX show the price is still ranging. On the close up we see we are coming to few possible decision point triangles, the MACD has just crossed (bullish), the short EMA (7) has crossed the medium (77) and the price seems to be supported by the medium at present (bullish). The price is wicking off the lower short term trend line showing buyers' support here, however so far the price isn't being pushed as strongly upward to the upper trend line as I like, with most of the action to the bottom of the triangle and seemingly strong resistance around the current price area (although the current/next candle may change this!) There are buy walls in the order books for both bittrex and binance at around 52.5k sats which may pose a risk to positions right now. While I like the chart and the growth in traded volume, I would take care in getting into a position on this because of those walls, keep watch to see if the price breaks up from the triangle with an increase in volume, and perhaps wait for a retest of the triangle trend line for confirmation of the breakout before buying. The fibs line up well with prior support and resistance prices, and can be used as take profit targets if the break out happens. Follow my TV charts here: twitter.com
Long
by Trader-Elisa
HSR - preparingHSR - lots of potential for growth from a TA perspective, with an ATH of 10x previously. This does come with the pitfall of plenty of support turned resistance points and other prior resistances to get back through. This coin piqued my interest a couple of months ago because of all the traded volume...not sure if it was manipulation - there were rumours but I haven't confirmed. On the 4 hour we are seeing an increase in volume over the flat volume levels of the preceding few weeks, which may imply a slowly developing large cup and handle formation. In addition a small cup and handle can be seen between the 13th and today, again confirmed by volume. ADX has turned up and is moving towards trending. RSI was too overbought but has corrected well on the most recent candle. Medium EMA (77) has just crossed the long (231) with the short (7) already above so are bullishly aligned. The price is sitting on top of the 23.6% short term retracement fib and just below the most recent resistance point which forms the top of the smaller cup. The lower timeframes show the first strong bounce down from that resistance level but are already oversold on the RSI and starting to show hidden bullish divergence. Watch for the handle starting to form - a conservative buy is above this resistance at around 970-980 or waiting to see if we go as low as the trend line at 830. Riskier is watching for the handle formation and reading the candlesticks and divergence for the bounce. Target for short term cup and handle is 1100 but watch for potential resistance at the 38.2% fib. Longer term targets look at prior resistance and confluence with fibs, 1500 and 24-2500 look like important areas. Follow my TV charts here: twitter.com
H
by Trader-Elisa
QTUMSome may see this as a cup and handle that so many coins are showing right now (since 21st March). However the volume profile doesn't match as well as I'd like... the volume was very strong pushing up to the left hand side with a lot of sellers falling out as the price then fell to the bottom of the 'cup'. However the volume pushing up into the right hand side is weaker in comparison and it may not (yet) have the strength to complete the pattern to the target (potentially at 38.2% fib 3160). For the short-term - with the RSI overbought and regular divergence on the 4 hour and also on the MFI, plus bearish hidden divergence on the 1 day RSI (although this is lower than I would prefer for a hidden starting just over 50), I would normally expect a retrace. However the 1 hour RSI already had a strong correction and is showing bullish hidden divergence which may allow the price to make another jump possibly to the 2500 mark at the 23.6% fib. Mid to longer term - There was a lot of support earlier this year when the price was in the 30-40k region, however there were also frequently sell walls stopping the price from exceeding 40k. We certainly have the volume to support moving higher and likely many holders in that upper region ready to sell! In contrast there were few sellers in the zone between 2500 and perhaps 3150 so with a bit of an increase in volume I would expect a swift move up with demand exceeding supply through the area.
Long
by Trader-Elisa