Well it seems that I was right on earlier prognossis, now we are official in bearish territory. Now we may or most probably will trend downwards to look for support, from the look of it to me we will find that support at around 4500-ish area. :) That's where I intend to buy in at least. :) Happy trading and PS! I'm not financial advisor so do your own analasys and...
Well, I've been following TRX for quite some time now, and not big fan of "TO THE MOON" posts with no good argumentation so I thought I would try and give my realistic TA of TRX. First of all if we are looking at candlesticks we broke through both Tenkan Sen and Kijun sen lines with ease, we continue into the cloud at very low support area and pretty much went...
Looking at ichimoku cloud on 4 hour chart, for me it seems that ADA is on it's way to enter bearish territory. Currently we are in the cloud, if it goes for Senkou span B and crosses it, then it's entering last phase and we are in bearish market.
I've been trying to understand ichomuku cloud strategy for last 12 hours and I think I have gotte consept behind it. Appending that on XLM chart, all i see is a lots of bearish indicators. I don't know what you guys think? Take a look and please comment if you think I'm doing something wrong or thinking wrong :) PS! Not financial advicor, so don't take my...
Well, just took a quick look at Enigma, it looks like an exciting project with people from MIT, so I decided to draw a few lines on ENG chart. From what I can see, we have established an upper trend with an upper trendline and a lower upper trendline. So we have an upper movement :) And that is good. Then I took a look at 1-hour chart and it seems like we did...
Well here is what I think, we have a major uptrend line that got crossed, for me that is indication of corretion after a huge upwards move. I'm was able to somehow create upper downwards trendline but not lower downwards trendline so I started to look why and why and I now see that we are not going downwars we are going sideways right on 0.618 fib. level... little...
XLM is in a downtrend looking at main trendline with corretion leading back to it could it be that we have an entry point at around 3500 satoshi ?? Anyone ?
Daily RSI is still overbought and ADA is in a down trend... I'm looking for entery point and from what I could see maybe this is direction ADA is heading... Back to main trendline...
I'm a noob trader trying to find my way in crypto... been following XLM for last 2-3 weeks and this is what I think will happen now. IF you have any feedback please provide me so that I can learn from my mistakes.
I'm looking at the hourly chart and it seems that XLM have been respecting trendline on the way up, but now it seems to have crossed bellow it, with MACD also crossing could this mean that we have entered retracement ?? If so, does anyone have any idea on how big of a retracement we are talking about ?