TradingThroughTheLens

TradingThroughTheLens Updated 

VeChain is still looking abosolutly fantastic. If we look at the daily chart, we can see that VET has found resistance at its green Pitchfork Resistance line. Once VET crosses over this line and turns it into strong support, then VET will possibly consolidate for a few weeks before another breakout upwards. The RSI is indicating momentum is slightly overbought,...

TradingThroughTheLens Updated 

Sorry for the late update, it's been a very busy week so i haven’t been able to analyse anything until today. I know we had a big ADA dip yesterday and that wasn’t what most people was expecting after the Coinbase Pro listing but that is the nature of trading and we have to take the rough with the smooth. ADA is still looking absolutely great for the longterm and...

TradingThroughTheLens Updated 

28……….. More on that in a mo. The Lagging Span (Chikou Span) is still indicating momentum is sideways. The RSI is also indicting momentum is sideways with a slight slope downwards. ADA is still below its Conversion Line (Tenkan Sen) so we eventually need to cross back over this and turn it into strong support. The ADX DI SMA is indicating ADA is still in an...

TradingThroughTheLens Updated 

Quick VeChain update. Well done if you bought more VET from that previous dip. The Price is now back above its Bollinger Bands Middle Band Basis, its Conversion Line (Tenkan Sen) and its Base Line (Kijun Sen) on the daily chart. The Lagging Span (Chikou Span) is indicating momentum is sideways with the RSI confirming this. I say sideways because sideways trading...

TradingThroughTheLens Updated 

Apologies for the late update, it's been another busy couple of days. Here's a quick ADA update for you. ADA made a new all time high, Mary got Hard Forked and we also we made Ethereum Maxis sh*t the bed for a day, so all in all its been a pretty good couple of days, & ADA is still looking great for the longterm. At the moment, Volume is slowing and has been...

TradingThroughTheLens Updated 

I’m a bit late to the party as I’ve been busy over the last couple of days but that dip was just what ADA needed. Well done if you managed to catch that dip & if you held on tight. If we look at the daily chart, on the 22nd and 23rd of Feb, ADA dipped to its Ichimoku Cloud Conversion Line (Tenkan Sen) and bounced right back up……. twice. As I’ve stated before, its...

TradingThroughTheLens

Apologies if this chart seems messy to some, but i understand fully what it all means so it doesn’t confuse me when i look at it. Hopefully you all find it helpful. VeChain is very close to crossing a milestone level……. its Pitchfork Median Line on the daily chart. The Lagging Span (Chikou Span) is indicating upwards momentum. The RSI is also indicating upwards...

TradingThroughTheLens

Tezos is one to watch for a potential breakout. XTZ has a Symmetrical Triangle on the 6hr Chart with support from its Conversion Line (Tenkan Sen) and its Bollinger Bands Middle Band Basis. The RSI is indicating Sideways Momentum at around 56 indicating XTZ could potentially move much higher before hitting the overbought range. The MACD is also indicating we may...

TradingThroughTheLens

If we look at the daily chart for ADA, we can see that we have a specsavers pattern forming…… only kidding, but there is a reason i’m showing the 2 ellipses on the chart. What we’ve been seeing since around the 10th Feb is very similar to what we saw around the 6th Jan with the Bollinger Bands Lower Band turning inwards & contracting upwards over a period of time...

TradingThroughTheLens Updated 

I thought id do a short-term outlook for VeChain. If we look at the 1hr Chart for VeChain, we can see that VET has a potential Descending Broadening Wedge Pattern which is a potential continuation pattern. At the moment of typing this, VET is inside the Ichimoku Cloud (Kumo) Equilibrium Zone indicating uncertainty for this timeframe. VET has found strong...

TradingThroughTheLens Updated 

🎶 Shake shake shake, shake shake shake. Shake your booty, shake your booty 🎶. Right thats enough of that. What a shake out last night. Whoever said Cryptos were dull. Hopefully you all managed to buy the dip. The ADA Price dropped all the way to $0.68 and pretty much bounced straight back up of its Daily Chart Pitchfork Median Line and nearly hit its 20EMA. As...

TradingThroughTheLens Updated 

Here is an updated VeChain chart, i realised that the Previous VeChain chart that i did stupidly wasn’t on LOG. If your chart is not on LOG then it will compress what is below the price in favour of drawing your attention to where the price is. This means that Pitchforks, Fibs, support and resistance lines, Triangles and various other indicators will be giving you...

TradingThroughTheLens Updated 

If you look at the Daily Chart for ADA, you can see just how far ADA has come since March 2020. At the moment, all the Ichimoku Cloud indicators and the RSI are indicating sideways momentum. ADA has closed 2 daily candles above its Pitchfork Median Line. At the moment, there is no fear of ADA dropping below its Pitchfork Hagopian Line or below its 2 Ichimoku Cloud...

TradingThroughTheLens

This is just my own opinion so I’m not hating on any coin, i hope you all find this helpful in some shape or form: If we take a look at the BTC monthly chart, you can see just how far it’s come since its creation. Bitcoin was the first but it certainly won’t be the last. A lot of people missed out on investing in BTC back when it was under $100 when you could...

TradingThroughTheLens Updated 

I saw an earlier chart post that stated VeChain my dip. So let’s do my own take on it & look at the 3 Day Chart…….. because i quite like the look of it. VET is still well within the Bullish Zone of the Ichimoku cloud. It is still above its The Conversion Line (Tenkan Sen), Base Line (Kijun Sen), 50EMA, 100EMA and 200EMA levels. The RSI is showing that momentum is...

TradingThroughTheLens Updated 

Let’s have look at the Daily Chart for ADA. The Bollinger Bands are showing that Volatility is slowing, because the Lower Band is starting to turn inwards. The RSI is indicating Sideways Momentum in the overbought area, again that doesn’t mean ADA will come crashing down as it could continue moving sideways in that area. The ADX (Yellow Line) is at 46.9 and well...

TradingThroughTheLens Updated 

At the moment of typing this, if we look at the ADA 1hr chart, ADA has corrected back a bit & has found support at its Ichimoku Cloud Base Line (Kijun Sen), slightly under that level is its 50EMA. ADA has wicked below the 50EMA twice over the last 6hrs but we have closed above it indicating this is our key level of support for this timeframe. The RSI is at 48 and...

TradingThroughTheLens

The longterm outlook for BTC is looking really great. If we look at the weekly chart, BTC is above its Pitchfork Median Line and has tested the next Pitchfork Resistance level. A real test will be if it can turn that resistance into strong support as well as closing this weekly candle above its Pitchfork Median Line. On the weekly chart, the Ichimoku Cloud (Kumo)...