Luna is in uptrend and price discovery mode.
Potential long setup in a low time frame with a Risk Ratio of 2:1. The take profit level corresponds to the pole of the triangle pattern ($76.48), while the stop loss level is below the triangle border ($65.44).
Good luck.
Bear divergence on 15 min RSI. Small risk setup to short luna on this dip.
Entry: $58.59
Take Profit: $53.52 (Local low and S/R Flip on HTF)
Stop Loss: $60.02 (Diagonal resistance break)
Good luck.
Fundamentals:
1. Smart contract cryptos pumping, look at ADA, MATIC, and DOT.
2. Accumulation for 3 months between $16~ and $28~.
Long ideas:
1. IF breakout above ascending channel:
TP at $41~.
SL at $27.
2. IF rejected from above ascending channel:
Bid at $23~ (EMA 45) and $20~ (EMA 99 and bottom channel).
SL at $14.5.
Good luck,
BA.
Symmetrical Triangle is continuation pattern (bearish). Reasonable R:R and decent supports (swing low) and resistences (60 EMA + triangle resistence + 0.718 fib) to target profit and stoploss level.
1. broken symmetrical triangle (continuation - bearish)
2. possible small bounce before going down again (bullish divergence on 1h)
3. stoploss 6850, take profit 5800 - 6000
4. possible entry : now or wait for the bounce and rejection from resistence
5. GOOD LUCK~
1. broken symmetrical triangle (continuation of trend - bearish)
2. possible small bounce before going down again to 5.8 -6k according to bullish divergence on rsi
3. stop loss 6850, take profit 5.8 - 6k
4. possible entry : entry now, or wait for the bounce and the rejection from support
5. GOOD LUCK
Still possible to uptrending a bit to hit 9k region (still traped in bearflag channel), but still remain bearish until btc breaks 10-11k. Expecting it to go down to maybe : (1) swing low area, (2) 0.786 fib retracment, and (3) support trendline area.
The chart speaks for itself.
I think we will reverse soon, the indicators just give us tons of good signs:
1. falling wedge
2. somewhat bullish bat pattern (not perfect though)
3. bullish divergence on MACD and RSI
4. 0.786 fib retracement
5. major longterm support trendlines that started from July 2016
The last hope :
1. double bottom @$5855
Below that is...
