DYDX on the daily time frame is up trending with no doubt! 1st. After the considerable correction for the first time in 30 days, DYDX has managed to change end the correct buy creating higher high on 4H timeframe. 2. Now it the time for a small consolation that leads to creating a new hight on the daily and in this move it might reach the upper supply zone(...
We should have add 1 ATR above our swing high in our previous trade if you could go back to the recent analysis. Now, ZIL is getting more liquidity with a beautiful rejection testing the previous high. (Not a financial advice)
It has been 90 days of moving sideways! Didn’t go down this time to the demand zone in the green area! In addition to , a devolving beautiful pole flag! Once it breaks this resistance, it’s going to make 200% at the very least considering the time that been spent over that area!
After seeing a loss os momentum on the 4H timeframe, we can see on the 1H a break of the low creating lower-low and its being retested now. The target as we can see on the 4H is giving us almost 1 to 4 risk to reward ratio. It’s better to use trailing stop-loss. “None of these are a financial advise, is for education only”
DYDX broke the structure on the 4H. On the weekly, is a strong downtrend. We are trading from a point of value on the daily( MA 20 and 50) notting that momentum is to the downside based on the STOCH.
If we’re going to start on the weekly timeframe so we’re gonna find that RVN is in a downtrend it just broke down the trend now and we’re just waiting for the retest to end.then we’re going to go to the demand the zone on the weekly timeframe. The best place to buy RVN it’s going to be between the two moving averages, the 50 MA and the 20 MA.
Medium and long term targets. As showing on the weekly and the monthly chart, and as simple as possible, dot after the consideration will be hitting the 60$ in February. Enjoy and looking forward to see your comments below.
The EMA and MACD indicators, -with extra assistance from the the charts patterns- indicate the following targets, as we do have an uptrend here. First target will be breaking the first resistance that has been tasted before on 32$. Second target will be 43$ which is the all time high. By breaking the two resistance as the indicators support an up Trend, we will...
The trend is going down with good two points of support. The trend may continue but it won't break the important support point. There's a spike up to the three targets mentioned.
Target 0.40+ by breaking the long resistance and peaking on the up trend.
The momentum of the price is targeting the 0.40 and above. By the end of this decline there's a spike that will hit the target and break the resistance.