TradingThroughTheLens

TradingThroughTheLens

After a few days trading sideways, BTC broke out upwards. As of typing this, BTC has made a new ATH at about $64,895. At the moment BTC has found resistance from its 0.786 Trend-Based Fib Extension Level but has also found support from its 0.618 Trend-Based Fib Extension Level. BTC is still above its Bollinger Bands Middle Band Basis and has dropped back below...

TradingThroughTheLens

Remember my previous post that said “VeChain should be in your Longterm Portfolio”. Yeh! I wasn’t joking. Unlike certain other crypto rises that shall remain nameless, VeChain’s rise really looks sustainable and has purpose. Yes there will be dips n retracements as that is the nature of trading but VeChain really does seem to be a different beast...

TradingThroughTheLens Updated 

ADA quick update: So the long Bollinger Bands Squeeze ended as an upwards breakout…… Was there ever any doubt??? Nah 😜. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sharply upwards. Overall volume is increasing and its looks like this will...

TradingThroughTheLens Updated 

Quick daily chart update for ADA: Yes, ADA is still in a very long Bollinger Bands Squeeze. ADA is also back above its Bollinger Bands Middle Band Basis. ADA is still above its 50EMA on the daily chart. The Relative Strength Index (RSI) is indicating momentum is still sideways. The Chaikin Money Flow Indicator (CMF) is indicating ADA is still in the...

TradingThroughTheLens Updated 

BTC UPDATE: If we look at the daily chart, we can see that BTC is still above its Bollinger Bands Middle Band Basis. BTC is consolidating in a Bollinger Bands Squeeze which is indicating sideways ranging. The RSI is indicating momentum is sideways with a slope downwards at the moment. BTC is still well within the Bullish Zone of the Ichimoku Cloud indicator on...

TradingThroughTheLens

VeChain Update: If we look at this VeChain (VET) Daily Chart, we chan see just how strong VeChain is. VET still has its Ichimoku Cloud (Kumo) Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) levels below it as potential support. VET still has 7 Pitchfork Support Levels and its Pitchfork Hagopian...

TradingThroughTheLens

Think Longterm: First and foremost, ADA is still in a longterm uptrend. From the 12th March 2020 to 27th July 2020, ADA did a 911% rise from $0.017 to $0.172. From the 24th September 2020 to 27th February 2021, ADA did a 1940% rise from $0.075 to $1.54. Obviously this is ignoring consolidation periods & dips in those moves so i'm just taking the full bottom...

TradingThroughTheLens

Beautiful 👍

TradingThroughTheLens

VeChain - Daily Chart Update: The Stochastic RSI is indicating that the %K (Blue Line) has popped back up from the oversold zone with the %D (Orange Line) still slightly in the oversold zone. The Stochastic RSI is indicating VET has plenty of room to move up before becoming overbought on this indicator. Note that the %K (Blue Line) is above the %D (Orange...

TradingThroughTheLens

ADA UPDATE: If we look at the daily chart, you can see that ADA is still ranging sideways. Worthy of note is that ADA is still in the Bullish Zone of the Ichimoku Cloud indicator. ADA is still in a Bollinger Band Squeeze. ADA is also above its Bollinger Bands Middle Band Basis which is a period 20SMA. Note that the BB Middle Band is curving slightly...

TradingThroughTheLens

Cardano ADA UPDATE: I decided to do a little something different tonight and show some potential price targets with Trend Based Fibonacci Extension Levels. First and foremost, ADA is still in a longterm uptrend. If we look at the daily chart, you can see that ADA is still above its Bollinger Bands Middle Band Basis. ADA is also still consolidating in a very...

TradingThroughTheLens

VeChain - This time a Ichimoku Cloud (Kumo) Daily Chart Update: If we look at this daily chart for Vechain, we can see just how good and strong it looks. VET is well above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels. The Lagging Span (Chikou Span) is indicating momentum is sideways with a slight slope downwards. The...

TradingThroughTheLens Updated 

VeChain Update: VeChain is in an Ascending Triangle Pattern on the 4hr chart. An Ascending Triangle Pattern has a very, very high probability of being a continuation pattern in a trend……… that’s a continuation of an UPTREND. The breakout could happen soon or the triangle could be pushed out longer for a longer period of consolidation. Volume is low within the...

TradingThroughTheLens

For any crypto asset, periods of consolidation are a really good thing as it brings everything into equilibrium to enable a new higher support launchpad to be built to which a new higher price can be reached. You must remember that consolidation is not done at a constant level but within a range. Have a peek at this ADA daily chart, you can clearly see what has...

TradingThroughTheLens Updated 

A Quick BTC Update: Here is a BTC Daily Chart showing what BTC has above and below it as potential support and resistance. At the moment of typing this, BTC has bounced off its 50EMA and is fighting to get back above its 50% Fibonacci Retracement Level. It is ideal, but not crucial for BTC to close this daily candle above its 50% Fibonacci Retracement Level...

TradingThroughTheLens Updated 

ADA is still looking great for the longterm and ADA is still in the Ichimoku Cloud Bullish Zone for this timeframe. If we look at the Daily Chart for ADA, we can see that ADA is still above its 50EMA and has finished yesterdays candle in the green. ADA has also found support from its lower Yellow Pitchfork Support Line. For this timeframe, ADA is below its...

TradingThroughTheLens Updated 

VeChain update: At the time of typing this, VET has bounced of its 38.2% Fibonacci Retracement Level which is also where its Ichimoku Cloud Conversion Line (Tenkan Sen) is located. This is also where the 20EMA is also located at the moment. VET is still above its Bollinger Bands Middle Band Basis. The Upper Bands has turned inwards and the Lower Band is still...

TradingThroughTheLens Updated 

A lot a traders & hodl-ers start to panic when the crypto asset they’re investing in stalls or dips for a few days or weeks, these same traders & hodl-ers fail to look at the bigger picture………. that ADA is still in a LONGTERM UPTREND. Let’s look at this ADA daily chart which is more simpler than i normally post, to enable us to look at the LONGTERM OUTLOOK. I...