tradewonk

tradewonk

If it breaks through the support level, it's a really bad sign. I think the price will be for some time in the consolidation area. The price has to break the key resistance before we can confirm a bullish trend. I see this price as a really good buying opportunity. Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that...

tradewonk

- Ethereum is currently in a downside correction move. Price recently has been trading within a descending structure. - The price is in a consolidation area and are currently trading at 790, which directly coincides with a horizontal support zone. - If price can find support here at this level and find some upside as I would expect to hit the highlight of the...

tradewonk

As you can see, the Bitcoin price is in a consolidation area, and as expected the price will not continue highere so easy. It's having a hard time to break through the resistance. I think the price will stay there for some time, before it will break up. If the daily candle can close above the key resistance, that would be a very good sign that the price will...

tradewonk

Today the price of XRP price just exploded 17% higher, could we maybe have some good news ? Why is Ripple on fire? Two days ago i wrote about that Ripple CEO Brad Garlinhouse will be on CNBC Fast Money on Marth 6th 5pm EST with Coinbase President Asiff Hirji to discuss the future of crypto and hopefully a new partnership.

tradewonk

It sure is fun trading when the Bulls come back in the market, but as it looks right now the bears are too strong for the dog. The price just broke the support line, it will more likely continue fall till the area with bull's wich is the "key support" line. In case of breaking through the support area, that would be a really bad sign for the dog. Dogecoin is a...

tradewonk

Still waiting for the confirmed breakout. The price are now on the downtrend resistance, if it break through, i could see a good buying opportunity but to confirm the bullish uptrend, then wait till the price close above the key resistance. if we fail this downtrend resistance, it could send us back down, I don't see that happening. But anyway the market is...

tradewonk

OmiseGo (OMG) has climbed above $20 again as Asian trading picked up after the slow period around the New year. The price just broke through the minnow resistance. It will more likely test the minnow zone again before aiming to the key resistance and try to break through. On this road we will see some retracements OMG is one of my favourite coin and i really...

tradewonk

The price has retest the key resistance without breaking through. Notice that support and resistance getting weaker the more times it get tested, so next time the price again will test the key resistance line, it will be more likely that it will break through. At the moment we are still pretty the same with our previous analysis, and buyers can still play...

tradewonk

The Cardano Prize dropped further against US dollars and bitcoins. ADA / USD is currently well below $ 0.3500 and in a bearish zone but have increased the last 8 hours from $0.3 to $0.33. The ADA prize is struggling to recover, and it recently fell below $ 0.332 against US dollar. There is a large drop channel that resists $ 0.3205 on the ADA / USD pair...

tradewonk Updated 

As you can see the key support line and the 38,20% fibonacci are agreeing that it's not an area just to break through, unless some crazy bad news. I think the price is just on the way to retest the area before it will continue the uptrend and break through the supply zone.

tradewonk

Retest back into a strong demand / support area, possible retracement, long opportunity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most...

tradewonk

Retest back into a supply / resistance area, possibile retracement, short opportuinity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most...

tradewonk

Strong demand / support area ahead, possible retracement, long opportunity. Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly  — Check...

tradewonk

Retest back into a strong demand / support area, possible retracement, long opportunity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most...

tradewonk

Retest back into a strong demand / support area, possible retracement, long opportunity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most...

tradewonk

Buyers are responsible but not convincing as the action is below $ 9.5-a key level over the last few days / weeks. Now, to get a clear picture, let's consider the 4HR chart, and here you can see how the prices behave. We are still in a break-out pattern and as long as the bulls maintain prices above the support trunk line, buyers are responsible despite the...

tradewonk

I waited and waited for this and at least the expected time we have a smaller fall. I personally hope that it will go to 10300, so we will manage to go through 12000 afterwards. I'm definitely don't see bear here. I just think we should take a breath and we can march further. If you have just bought, do not freak out. The price just hit a strong demand area and...

tradewonk

Steeem Dollars has been corrected down since it reached $16.57 high. Price went down as low as $2.2 where it found the support, confirmed the 86,5% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. After rejecting the support price went up and broke above the downtrend trendline , went back and rejected it. At the...