Trend-analysis
Waiting and managing. I recently purchased more BSV at 182$. The point is to see if it will drop more to the bottom cause it did go down to 171$ yesterday. Which means that area is still accessible. As of right now a purchase at 182$ was good but we are still looking as to what will happen next. If it goes up then we wait for the drop to buy in. If it goes down then we buy in. Points to look out for are 160$ on the bottom end and 210$ at the upper end.
ADI LONG Trend Analysis PredictionStock rises after drop down. Order should placed above previous low Analog Devices (NASDAQ:ADI) to earn +11.2% . The analysis based on Fibonacci Extension and RSI Algo trade line.
GOLD GOLD GOLDGold.
The price strictly went according to my past schedule.
I think the price will still reach the resistance line, but then it will go down.
Having broken through the support line.
EURGBP SHORTIn a nice downward trend zone looking to continue as we approach top trend line for 100 pips 👍✅
Bullish short term on XRPM20Self explanatory trade thats clean and simple.
- Break in overall down trend
- Bullish trend forming
- Break in resistance
- Look to buy the retest and take profit at 2%
XRP USD bottom finally in?I think so.
Look at my longterm LOGchart. It has hit the bottomline like back in 2016/2017. Might hit that line again, but from there --> perhaps moon!
Waiting For Next Week Price Action Confirmation Long EntryGBPUSD Can go Long run !!!! Buy
Waiting for confirmation and best entry
patience is the key
ZEC Daily Chart Pinnacle Moment After wiping away substantial gains along with the rest of the market. ZEC is ready to decide trend direction on the daily. We recently had a Golden Cross which gave us our first impulse up. Following that move we have had about a 20% pullback from candle body high to low from last high. Stochastic RSI just made bullish cross in oversold conditions. However, Price may need to come down and touch the 50 day moving average first. If we can break above the $75 region I see our next major resistance at $100.
I am long term Zcash investor only swing trading 5% of my overall position. I see an opportunity in ZEC similar to the early days of BTC. You may agree but that is my opinion long term. There are only 8 million "shares" in circulation. It has never been through a block halving event meaning the supply has not yet seen a reduction. After the first BTC halving price went from around $10 to $1000. Zcash in my opinion has massive institutional potential.
Not Investment Advice.
12.2.2020 - Enigma (ENG / BTC)Hi Traders!
In the last two analyzes, we have focused on bitcoin and so far have been wonderful! Today is the time for a smaller altcoin.
As a potential profitable candidate, we choose Enigma today. On the chart, we can see 3 basic cycles on the market. The bull market, bear market and sideway movement. At the moment, ENG creates bigger highs and bigger lows and has 2 very strong resistances on its way:
1. Trendline
2. MA200 on the daily chart
If we cannot break through these resistances, it will not look well at all and support may not help. We have been trading a lot in similar situations in the last few weeks and have mostly gone up. This should be a similar example.
However, the market must be seen as a whole and bitcoin is slowly approaching our target. At the same time, its dominance is declining, which must also be taken into account.
However, Enigma is a beautiful example of an altcoin that has a very nice chart and a breakout should come soon. It's one of the cryptocurrencies that is currently worth watching.
May the crypto be with you!
CADJPY DownTrendCadjpy Is in downtrend after breaking out the trendline. Watch-out for short entries on lower timeframe
XRP/USD ready to fly?Daily trend broken, now retesting.
Will we see the move to the upside already?
Trade at your own risk. This is just an Idea as I dont trade crypto that much but this caught my eye.
Inst. "Helluva Correctional" on a highway 65. Short short-term.Don't trust this rekt coin.
Even in the latest constrained bullish
surroundings (all-known btcusd pump for that January),
it shows such a bearish picture. I believe this coin is
gonna dump ONE MORE TIME, and deep.
Probably down figures again. It must correct -
the waves are sooOOOo bearish that the Papa Bear himself
couldn't draw better,
even if he'd been the biggest market-maker, the great mr.Chart Painter)
I say, be very careful with being long short-term.
Short short-term.
But long-term, keep bullish. There's some place in the world for xrp)
Don't mind the Inst. "Helluva Correctional" on a highway 65.
They are wicking us CONSTANTLY)
Be prepared) Hodl for ever!
OVERALL UCAD IS BEARISH HOWEVER WE MAY BE HEADED FOR CORRECTIONWaiting to see if Price can break above 1.3050 - 1.3100 resistance and reach 1.3150 - 1.3250 region before the next wave to the downside towards 1.2900 support.Price is in a clear downtrend on higher time frames so we're just treating this as a correction move unless previous highs around 1.3320 are taken out.
EURUSD : LONG TRADEThe active trend for Eurusd is bullish till around 1.11994 where we see a strong resistance zone ahead ! If price breaks above, we could be headed towards 1.12360 level .
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Move for the Week:GBPUSD!! 🇬🇧 Towards Upside. Hello Traders, this week I will expect and up move towards upside. Beautiful support as seen with the black lines to show. Trade safe! Lots of USD news this week.
NZD/USD ShortAfter watching DXY, expecting a double top
I am now watching to see NZD/USD create a double bottom, but first I can see us continuing an upward channel, looking for that third touch before entering the trade.
2.5 Year Trend Compressed Till The End?Pretty neat to see price action respect that trend line established late May 2017...
We have definitely reached a pivotal moment in ZEC
Will we see new all time lows or multi thousand dollar Zcash?
They say that purple is a royal color....
Don't ask me I'm a peasant... for now ;)
CADJPY Swing trade ideaHere we can see price in an uptrend i'm looking for a pullback to the 83.000 region so we can jump in.
GBPAUD Daily Analysis. GBPAUD Daily chart. Nice and simple set up here, we can see from the market bottoming out back in August a huge rally of over +11% and price now testing the ascending trendline once again. Price consolidating slightly atm. (expected during time of the year) Will be keeping an eye on this when market opens as in a favourable position for longs. If trendline is broke ive highlighted potential pull back zone. Stochastic is also indicating price entering oversold territory.
GBPUSD BUY SignalI have put my order in from Buy area and my target is at TP area (35 pips)
Trade at your own risk, trade safe.
We are at the bottom!!! 400k BTC by October 2022. Macro TrendEverybody being bearish right now is just looking at the shorter timeframes. Yes, it's possible to go slightly lower, but the ultimate trendline suggests a drop below 6 to 6.3k BTC is impossible, if it drops below that, then Bitcoin is done for years to come, and the whales don't want that. The longs on Bitfinex that are mooning currently, suggest that there is one final dump to wash out the bulls, but do not be afraid just yet!
My chart is on the logarithmic scale, because Bitcoin's price is volatile and it makes sense to do that.
Now I have made a copy of the historic trendline and placed it at the all time high, which should also act as ultimate resistance. I drew a bunch of fibonacci's to suggest the next rally's points of contact where there will be a slight retracement. But it will be a multi-year rally like the one from 2015-2018. The timescale on my chart might be off, because that is something really hard to predict, but I suggest the market will follow similar bullish movement as the previous bullrun. The market cap will be over 7 trillion, and at that point it will be more than gold. This will cause gold's price to drop, as dumb money investors will sell their gold to gain a quick buck from Bitcoin's gains.
The trend line way back that was resistance, then caused the drop from 6k to 3k and that touched the new lower top at 14k(yellow line) is something to keep an eye on. The way I drew the price with a brush was expected to meet the top where that trend line and the imaginary ultimate support trendline meet, around October 2022. Then we will have a descending triangle like the previous bull run, and drop back to around 100k.
Share your thoughts.
If this plays out, which I am 90% certain of that it will - Hello people from the future! I hope you made some nice gains and enjoy~
GBPAUD Sell SignalI am looking to sell from Sell area one and take profit at TP 1
Trade at your own risk, trade safe
