EliteFxAcademy_CRYPTO

EliteFxAcademy_CRYPTO

The price made a strong move with a short delay after bitcoin and is also showing signs of a bullish momentum starting...For traders its best to wait for right confirmations and trade off of important levels and for investors its probably best to actually just put money in now when its still at a so so low price... but dont be fooled because there is also a chance...

EliteFxAcademy_CRYPTO

The price is currently at the highest high (HH). Upon a breakout, we can anticipate the continuation of the uptrend; however, it is essential to wait for a pullback from this level (HH) and a clear confirmation for entry into the position.

EliteFxAcademy_CRYPTO

SHORT UPDATE! The price reached a new high and is now returning...based on the previous analysis we have to be carefull because the new price high made a lot of hype and we really need to be carefull when we are going to buy or sell based on what the market is going to tell us....!

EliteFxAcademy_CRYPTO

The price bounced off the previous high (HH) and broke through the recent high level. Now, we can wait for a retracement from the last HH, where we'll look for an opportunity to enter a buy position. We need to be cautious of a potential false breakout, so it’s essential to wait for a clear confirmation before entering the trade.

EliteFxAcademy_CRYPTO Updated 

Sometimes you just need to wait a little for price to show or form a good structure and comes a day when there just arent any trades taken. Most traders dont understand this but in the long run it is one of the key things that show good results!

EliteFxAcademy_CRYPTO

As the price approached the lower zone on the 4H chart, we switched to the 1H timeframe, where we looked for a buy opportunity after a false breakout. Our target was set at the open level, but after an impulsive bullish candle, we exited the trade with a 1:2 risk-reward ratio.

EliteFxAcademy_CRYPTO

Chart is showing a break above the M5 high, signaling potential for continued upward momentum. However, we’re also monitoring closely for signs of reversal, as the price could pull back to form a short-selling opportunity. This juncture demands attention to market structure and key levels, as both a trend continuation and a correction are in play. Caution and...

EliteFxAcademy_CRYPTO

The price is in an uptrend and at our HH on a higher time frame. Now we can expect a bounce or the possibility that the price will reach the lower zone, where we also anticipate a bounce. In both cases, we need to watch out for a potential false breakout.