SCUSDT: Keep breaking new highsHello traders!
It looks like SC somehow managed to create a loop that keeps breaking new highs. The current formation is also the same as previous ones which means a new high is coming soon.
I started all the trendlines from 29 Jan which is the base of all trendlines. Every new high is the breakout of the base High + previous high's trendline. After making new high Market moves own in a correction form which can be seen very clearly. Once it breaks the correction it runs to Make a new high. In the current scenario, correction is already broken and it is heading towards a new high.
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Crytpocurrency
ETH's correction WAS indeed OVER! @SmileyTradesHello Traders!
Happy to be sharing ANOTHER congratulatory post with whoever took this trade with me. It was definitely a great one and cheers to many more! See previous tagged post for accountability's sake ;)
As for the setup on this chart, it is hard to say that the pivots will hold but once we get a pullback to AT LEAST the 0.382 Fib level, then I'll feel more confident with the chosen pivots.
I'll have much more setups in the future to post, so stay tuned to the various chart outlets!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
AAVE Moving SidewaysI couldn't help but notice AAVE has been forming sideways movement since its epic pump in early February. We've formed a descending triangle since February and we have not broke to the upside or the downside of this triangle. We've held a solid $300 base support level . If we don't break to the upside we will most likely keep on moving sideways above $300.
Just yesterday AAVE launched a liquidity mining program with the goal of increasing total value locked ( TVL ) attracting more investors to the AAVE lending protocol. AAVE is on track to becoming the dominant decentralized finance (DeFi) lending protocol behind compound finance but still has some way to go.
World renowned billionaire Mark Cuban is an AAVE whale making this one of his biggest alt-coin holdings. AAVE is 78% though it's circulating supply with roughly 3,511,954 more AAVE left to be mined. There's only max supply of 16 million AAVE tokens. Keep AAVE on your radar.
Much peace, love, health, and wealth.
ZIL to $0.30!Zilliqa has shown signs of rejection around the 61.8 fib level and price has rapidly pushed on from there. We expect price to reach $0.30 creating new ATH!
DOGECOIN Must break resistance before testing the highs- Speculators have suffered losses from major profit-taking
- If speculators are to push this higher, they must break above resistance
- Hold for breakout
- Buy the retest
- Trade with caution as this market is driven by the major coins and speculators
VERY VOLATILE MARKET
XRP-USDT (RIPPLE) simple chart 🐼✌💹 LONG after consolidationGood day traders and investors!😃🖐
This simple chart was inspired by one of my friends here on trading view🐼. Above I have mapped out XRP's clear current cycle♻..
----We have seen 2 large impulsive waves⏫🌊, that increased price💲🤩 by almost 50 percent 5️⃣0️⃣ %, each time😳😱👏, followed by a correction and another impulse wave🌊.
I was already long 🆙, on XRP (Ripple), but now that Coinbase had it's IPO, and things are about to get wild im even more LONG on XRP. Let's go over some of the things that would make XRP a valuable digital asset to look into..⏬⏬
- Yesterday Ripple executives filed a notion to dismiss the SEC lawsuit that is currently giving them so much clout. The fact that they did this only gives them more clout🤴.
- XRP outperformed BTC by a landslide👏🏕, several times in the last few years
- More and more banks are adapting and wanting to get in on the RIPPLE money transfer system
(Old methods of transferring money, gold, etc., were very inefficient, costly, time consuming🕚👎, and overall a pain especially for country to country transfers..)
-XRP is fighting back the attacks from the SEC, this could be revolutionary for cryptocurrency and the whole defi world📱🖥🌎💲.
- XRP still has 50 Billion dollars to go before it's CMC (Coin market CAP) price is reached (good room for growth.)
If RIPPLE were to lose this case 😥, that would mean much less freedom🚫 for those involved in digital finances/property. I say property because at this point, it is clear to me that digital assets are NOT just a bubble🔵, that is going to burst⌛📌🎊. I just don't see that happening.
I think that with RIPPLE(XRP) being as valued as it is right now, is only getting started🤔..
This is all happening very fast, and I think we might just see XRP make it's way back up to it's previous ATH of $3.40, as numerous altcoins fly to new higher prices during this extreme revolutionary time for cryptocurrencies.
These are just some of the basic facts that make me believe that XRP is not even close to done on it's bull run. I would love to know what YOU think about XRP, and it's implication on the future of Defi 😄
🛑🛑🛑🛑🛑🛑This is NOT financial advice, BTC dropping could still GREATLY affect the price of this token🛑🛑🛑🛑🛑🛑🛑
Always keep a stop loss ✋🛑💲, when trading with large amounts of money. If we continue to see bearish behavior into late Thursday, this would be a very dangerous investment to make. If we truly are seeing a repeat pattern, we are looking for another upswing⏫ to approximately $2.2 before we see another correction/consolidation phase.
Thank you so much!
Any thoughts, good 👍, bad👎, happy😃, sad😥, in the comments greatly appreciated!
Jazerbay 💕
ADAUSD, MORE HIGHS :-)Hello all,
ADAUSD recently broke out of what looked to be a sideways pattern. I am a holder of ADA and have been for some time now. In the chart I show an area of interest for me based on daily fib and support where I am looking to add more longs.
I am a believer in ADA as with other high cap, mid cap and low cap alt coins and tokens and that is why my plan is to HODL so I am constantly looking for more longs (DCA) to broaden my portfolio. And since ADA looks as if it broke out, I am looking at more longs on retracement.
I am not a financial advisor, this is simply my opinion based on technical analysis and information I see and read. I wish the best of luck to everyone!
EOS/USDTEOS/USDT was moving in a downtrend but broke past it this month, since the breakout it surged pretty good but was rejected from the RESISTANCE ZONE. Another retest to the resistance zone is certain. All the lvls are mentioned in the chart.
DISCLAIMER :- I am not a Financial Advisor, this chart is shared for educational purposes only (DYOR).
BTC dominance pushback soon?!Bitcoin has been dominated recently by a huge influx of alt price increases while the price of BTC has steadied. However, it looks like a pushback is right around the corner in the next few days based on the current trends.
On the one hand, there is a horizontal parallel channel that has continued since the beginning of 2019 (blue dashed lines)!
On the other hand however, if support breaks, there is another parallel channel of roughly equal size that started in 2020 and solidified itself in 2021 (red dashed lines)!
It looks like both channels have a fairly solid chance of taking over, but since we are approaching their crossing, it looks like that bitcoin will take over in the short term.
This leaves me with two questions:
1. Will bitcoin take over in the in the relationship after the bounce for the next few months?
2. Will a short term bounce occur (and potentially continue) because BTC increases at a faster rate or due to a drop that takes every alt with it?
Please like if you agree and leave a comment with your thoughts/theories! It looks like we shall likely find out which way the trend heads over the next few days, but definitely something of which to be aware!
Dogecoin $DOGEUSDT PT .20 and higherDOGE Rides Crypto Wave to New All-Time High Prior to Coinbase Nasdaq Listing
Dogecoin doesn't trade on Coinbase but it has rallied ahead of the exchange's shares trading on the Nasdaq.
Apr 14, 2021 at 10:38 a.m. EDT
Dogecoin, the popular meme cryptocurrency created in 2013, rallied for two straight days to a new all-time high during early trading hours in the U.S. on Tuesday. This happened as bitcoin and ether also surged to new record prices on the same day that crypto exchange giant Coinbase started trading on Nasdaq.
At press time, dogecoin (DOGE, +44.46%) was changing hands at $0.13, up 68.0% in the past 24 hours, according to CoinDesk 20.
On Messari, dogecoin's market capitalization has also surpassed that of bitcoin cash (BCH, +14.77%) and chainlink (LINK, +15.93%), now being ranked as the 10th most valued cryptocurrency.
Messari's data also shows that there are 100 cryptocurrencies with at least $1 billion market capitalization, as the global crypto market now values at around $2.22 trillion.
The staggering gains across the crypto market came in the leadup to Coinbase's direct listing.
“The Coinbase hype within crypto, in terms of valuation and its domino effect on other markets” means Wednesday’s direct listing might become “a key catalyst event,” Singapore-based crypto quant firm QCP Capital wrote Monday on its Telegram channel.
Notably, at the time of writing, dogecoin is not listed on Coinbase.
The sudden price rise of dogecoin also came as Mark Cuban, the owner of the Dallas Mavericks, tweeted that the basketball team would not sell the dogecoin it receives from its consumers as payment for tickets and merchandise.
The NBA team started accepting dogecoin as a payment back in March.
HBAR/USDT Re-Accumulation StructureHBAR has been in a re-accumulative state since around the 15th of March. A recent change of character and break out show that supply has diminished as we formed higher lows through out the range before breaking out.
We are currently now retesting the top of our trading range sat in the oversold condition on the long term trend line .
Some more consolidation in this region testing supply along the way will give us some more confidence on a POE .
A scaled in POE is recommended. If we see aggressive demand one widespread 4hr bar this could confirm a full break out into a mark up will occur.
LINK Re-accumulation StructureLINK has been re-accumulating since BTC profit taking event on FB 22nd.
Steady accumulation, broken out of its local resistance and is now forming a macro accumulative structure above its trading range with exhausting supply forming higher lows.
Looking to see a break of regional resistance soon, continuation expected.