Ethereum (ETH) experienced strong growth this summer, mostly due to its network hosting dozens of DeFi tokens which grew tremendously. ETH then experienced a particularly sharp 30% correction, along with the entire market, about one month ago. The coin is now hovering around the $315-$340 support. Lower Volatility Following the crash, Ethereum experienced a...
Your probability of winning a trade is more than 50 percent. However, when you are on the right track, it lets you ride the whole trend. Your win rate will be very high as compared to your loss. Loss is inevitable and you cannot avoid it. However, whenever it is right, it gives you awesome profits. So, you will be successful if you trade all the signals...
Our indicator tells us a long entry on GBPAUD. The price just broke the trendline which was acting as a resistance. We place a pending order at level 1.80475. We await a possible restest on the trendline, or a rebound on the support, to resume the bullish run.
Recently, Bitcoin has been trapped in a range between $9,800 and $10,500. After failing to break the resistance several times, BTC finally achieved a breakthrough four days ago on September 14. Where to Next? After achieving the breakthrough, BTC’s price has slowly crawled its way up to $11,000. Due to the slow increase of only 4% in two days, BTC has been unable...
After falling by almost 20% last week, Bitcoin stabilized between the $9,800 and the $10,500 mark. Trading the Range This range offers the opportunity for a 7.5% gain from the lowest point to the highest. As traders, we know that catching the whole trend is impossible and even to catch half of it would be excellent. Taking this into account, we are then...
Chainlink (LINK) is the biggest decentralized oracle project in the crypto space based on market capitalization. LINK started gaining upward momentum after the general market correction took place a few days ago. The coin bounced off the support at $9, and it is now attempting to break the $12.85-$13.4 resistance. The Opportunity After LINK breaks its current...
AAVE (LEND) is among the most capitalized DeFi tokens. After a remarkable 5,000% run, the coin seems to be in a correction phase, which provides an excellent entry opportunity for investors looking to increase their DeFi holdings. Recap: AAVE is an open-source and non-custodial protocol that allows clients to borrow and lend a wide range of cryptocurrencies...
HEDG is once again nearing its main support level and offers a 110% return! Recap: HedgeTrade (HEDG) is a platform created to improve social trading. Beginners can buy trading predictions in the form of “blueprints” secured by HedgeTrade smart contracts. Although the platform is currently geared towards Crypto’s, it plans to expand its operations to other...
The FTX platform is a major futures platform in the Crypto market, and FTT is the platform's token. The exchange offers many possibilities for futures crypto trading and has created numerous triple leveraged tokens. The company even created futures for the US elections and spot tokens such as TRUMPWINS and TRUMPLOSES. FTT Fundamentals The FTT token has some...
Tezos (XTZ) just hit its all-time high at $4.48 last week. It now stands at support, which was the high during its last bull run in February this year. Let’s take a look at Tezos and its likely forecast. What is Tezos and How Does it Work? Tezos is a platform designed to provide code correctness and safety for both its assets and use cases. The platform’s...
Binance coin (BNB) is the native currency of one of the world’s biggest crypto exchanges: Binance. BNB is one of the most capitalized coins on the market and it has a fixed total supply of 176.406.561 BNB. Short History Lesson BNB is one of the best performing coins over time, as it outperformed Bitcoin by about 4,800% since its inception in July 2017. Most...
Hi Hoppers! Today we dissect the Elder Ray and learn how to take long positions along with the Parabolic SAR. Without further due, let’s get into the Elder Ray! Elder Ray The Elder Ray is an oscillator with components of trend and momentum indicators to measure the strength of bullish and bearish trends. It uses exponential moving averages to generate signals...
Bitcoin has tested the minor resistance around $12,000, which we identified in the last newsletter. Following Bitcoin's rise to $12,000, BTC re-tested the support between $10,000-$10,500. However, the support was tested by the wick of a single candle, which suggests that the support is solid at that price level. A small support level has started to form around...
Hi hoppers, today we are looking at a scalping strategy that involves scalping trends by combining the DEMA with the ADX. First, let’s break down the Double Exponential Moving Average (DEMA). Double Exponential Moving Average To understand the Double Exponential Moving Average, lets first explore the “Exponential Moving Average”. The Exponential Moving Average...
The Directional Movement Index (DMI) is one of the few indicators that can be used on its own in trading, especially when it comes to swing trading. The DMI can work as a standalone indicator because it is made up of multiple indicators, specifically: the +DI, -DI, and the ADX indicator. Let’s now dive into how these components fit together! +DI & -DI The +DI...
Bitcoin broke the descending triangle pattern on the 4-hour chart on July 21, indicating a significant and unusual breakthrough. What is a descending triangle pattern? The descending triangle is a bearish chart pattern which is made up of lower highs and horizontal lows, which usually indicates that the demand for the coin is weakening. To draw a descending...
Have you always wondered how to identify when Bitcoin is volatile and in which direction it is heading? You’re in luck – you can identify both volatility and direction with Bollinger Bands! Bollinger Bands Bollinger Bands are a volatility indicator displayed by a moving average and an upward and lower band. Both bands are typically 2 standard deviations away....
History tends to repeat itself, and the bitcoin halving appears to be no exception to this particular rule. In 2016, during the second BTC halving, the BTC price experienced strong growth before the halving. A bear market followed, consisting of a 40% drop in price from the pre-halving high to the post-halving bottom. Afterward, a lengthy ranging period ensued....