TA explained
DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here:...
Hi everyone
Daily"
XRP broke trend a strong trend line, while leaving behind a Death Cross like many other currencies. Following BTC
Also I see the formation of a Head and shoulders that has sent the price down to the next local support level.
XRP has to over come selling pressure to keep it self above the current support $$0.76, If failing to do so we could...
Hi everyone
Daily"
Rebound up from trend line.
Stoch RSI crossed up on over sold area. Strong sign of having had reached bottom daily looking to come back up and retest 50Ma. Possible price target $190 if gone over this resistance we can see a long move all the way to $240 if bulls keep on our side.
ALWAYS look for extra confirmation on any trade, Anything...
Hi everyone
Daily"
Going short ADAUSDT
RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA
ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji'
Possible drop to $1 If bears stay strong,...
Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds...
A bloody day for Bitcoin.
It looks like we didnt hold the BMSB (bullmarket support band). We should at least weekly close ABOVE the 50MA.
Very important!!
Price movement is in many ways similar to what we could see in May this year. First, it is what had preceded the movement since January. Second, it is its nature itself, particularly the high volatility candle which is in motion Today.
Reading from the left:
→ A price stops its impulsive rally to consolidate its way back towards 50 EMA (red).
→ Another impulsive...
Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open.
There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly.
I use the...
Weekly chart for FB and newly named Meta
It can be seen along the 1/1 Gann line that a previous resistance (red oval) has turned into a support (green oval)
The 50MA can also be seen as a point of support in both points
Now is the time to go long, with the new Metaverse pursuit and the consistency of price displayed through history by Meta
TA explained
Pretty clean iHnS pattern on the 2H TF:
Broke out, retested the neckline and bounced on the 4H 50MA.
Trade setup
Best entries: 28.762 - 30.256
TP1: 32.754
TP2: 35.802
TP3: 39.166
SL: 27.427
RR: 4.7
Max leverage: 2
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MDSquared Crypto Lounge
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Do Your Own Research (of course)
Trade at own risk (of...
I have been leaning towards a MA retest strategy that has been panning out pretty well these past few months.
Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open.
There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does...
NFA.. Just a few squiggles on a chart.. Here is just a Sine wave replication of the 50MA (Daily) 0 offset But shifted vertically.. (Ribbons if you will..)
50 Day of the Sine wave going forward you can see this is respected acting as support/resistance.. Possible targets.. Well you can deduce from where likely reversals are to be found & likewise for breakouts and...
Odds are good i we continue to consolidate inside this descending channel(in green) that we will find support when once the 1 day 50ma (in orange) converges with the bottom trendline of the channel around 55944-56k or once it enters inside the channel. So my guess is the bottom of the handle will be around that 55.9-56k range. Of course it could also do a bear...
TA explained
KEEP seems to be ready for a next leg up. Pullback was completed when bouncing from Golden Pocket level and previous top (lowest green dotted line).
After the bounce the 6H (and 4H) 50MA got broken strong and is retested right now.
Trade setup
Best entries: 0.6847 - 0.7325
TP1: 0.8442
TP2: 0.9774
TP3: 1.1733
SL: 0.6238
RR: 5.52
Max leverage:...
TA explained
I had this one on my watchlist for a while now. Seems to be ready for upward continuation after the breakout of the falling wedge and a retest of the breakout level.
Trade setup
Best entries: 0.3873 - 0.4270
TP1: 0.6310
TP2: 0.8888
TP3: 1.2326
SL: 0.3404
RR: 12.09
Max leverage: n/a
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MDSquared Crypto Lounge
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Do Your Own Research (of...
TA explained
QTUM regained support zone again and now trending above 4H 50MA, expecting more upward movement from here
Trade setup
Best entries: 13.005 - 13.455
TP1: 14.912
TP2: 16.037
TP3: 17.440
SL: 12.122
RR: 3.79
Max leverage: 2
—————
MDSquared Crypto Lounge
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can...
