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Recovery

Cryowar shows a strong retest and is ready for higher prices 🚀Intro: - Cryowar is one of the most promising new play to earn game on the Solana blockchain. - Cryowar started trading on CEX and DEX at the same time. - Check out their twitter account and their webpage, the progress looks really promising. Cryowar works together with unreal engine which famous for its great graphics engine. - Since this coin got listed only recently we look at the hourly, so keep that in mind. Also take into consideration that price went up over 100% and FOMO is never a real solution. You maybe should wait for a pullback first. - Cryowar got listed on another DEX since last post. Hourly chart: - Price stays in an uptrend and recently tested previous resistance around 3.9$ as new support. - Volume keeps increasing which is a bullish sign and shows growing interest. - RSI analysis shows that we stay below the yellow line. We are not now at a nice level for an upwards breakout. - Moving Average: The 20MA seems to act as support that could kick up the price during next week. - Support lines are at 1.3$, 2.3$, 2.9$ and 3.9$. - Resistance lines are currently non existent. Expectation: - Cryowar took a heavy hit during it's listing day but did a great job in recovery. Currently we are in an uptrend and the Beta release comes closer which most likely has a positive effect on price. - The webpage and sneak peaks look very promising as well as the growing community. - End of the year prediction: We will see a 9$+ Cryowar before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
CLong
by tumbler55
NZD CHF Update: A successful rejection in the booksFor months, the pair has struggled to close above the 50 Month Moving Average. It may be getting a successful rejection of an area full of support including the 200 Day Moving Average and the 0.382 fibonacci level. Patience is key as the Swiss Franc has been strong recently with weakness showing up in the past 2 weeks - partly because speculators are betting that the Swiss Central Bank will step in to control the currency amid the strength. On the other hand, New Zealand abandoned the zero COVID-19 policy as the government has acknowledged that the people will have to learn to live with the virus. This will give the economy and the currency the support needed to recover.
Long
by GrizzlyBearBee
Cardano gets its first DEX within the next weeks 🚀🚀🚀 5$+?Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom . - So far Cardano is lacking a working DEX which seems to hold back the whole ecosystem. Daily chart: - Price shows a consolidation pattern that has its apex around 2$. Once we break the yellow line we expect more upwards movements. - Overall Volume keeps declining which is consistent with the price consolidation. - RSI analysis shows that we are oscillating below the 50 line. - Moving Average: The 200MA comes to help and can act as support to break above the yellow line. - Fibonacci levels show the region between the 0.5 and 0.6 lines hold as support. As long as we hold the 0.6 line we don't have to worry about a bear market movement. - Support lines are at 1.9$, 1.4$ and 0.7$. The ascending yellow line can act as support as well. - Resistance lines are at 2.3$ and 3$. Expectation: - Sundaeswap announced that their DEX will be ready within the next two weeks. This most likely will trigger another rally for Cardano and with it possibly the whole ecosystem (like COTI, ERGO etc.). - Until we get a working DEX on Cardano we might extended consolidation into the apex of the forming triangle. - End of the year prediction: We will see a 5$+ Cardano before the end of 2021. Due to the fact that Cardano performed very badly during the last month we changed the 8$+ prediction to 5$+. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
4
ERG/USDT Strong bounce of support band. Can we go back to 18$? Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. - In circulation we have 45million coins out of currently 100million possible. It seems unknown what is the max amount possible. It is therefore a risk factor for inflation that could lead to a price drop. Just keep that in mind. - Total market cap is currently around 500 million which seems too low. Daily chart: - Price finally found support at the last drawn support line around 8$. From there we see a strong bounce which confirms that these prices were oversold. - Volume increases but has still a lot of room to grow. - RSI analysis shows that we found support around the 30 line where below we would be officially within the oversold region. After the strong bounce it is likely to see some sort of consolidation before we move towards the 80 line. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect ERG to recover together with ADA since ADA will be the driving force. - We possibly retest the 10.5$ line which could act as support and help ERG moving higher. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
KCS/USDT Breakout of large consolidation wedge. 50$ next?Intro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. Daily chart: - Price shows an upwards breakout of the very large consolidation wedge. - Volume starts to rise but very slowly. We have much room to grow here. - RSI analysis shows that we are moving upwards alongside the yellow line. We take a look at the 80line which is considered the border to the overbought territory. - Support lines are at 9$ and 6$. The borders of the wedge can act as support as well. - Resistance lines are at 14.2$ and 19.5$. Expectation: - We expect to see further price appreciation until the end of this year. KCS has to close the distance to its main competitors. - The 14.2$ resistance should not hold that long. Once we break it 19.5$ is next. - End of year prediction: We will see a 50$+ KuCoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
REEF/USDT Massive price appreciation blasting through resistanceIntro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. The 0.02$ support has been reclaimed and and the 0.025$ resistance was ignored even attacking the 0.03$ resistance. - Volume shows a price spike together with price appreciation. Often times this is followed by a second round of prices spikes so we are watching closely. - RSI analysis shows that we broke above the yellow resistance line and even shortly touched the 80 line but got rejected which is a good thing. Moving too fast only increases the risk of a sharp pullback. - Support lines are at (0.025$?), 0.02$, 0.0165$ and 0.0135$. The ascending yellow line can act as support as well. - Resistance lines are at 0.05$. Clear sky lies behind. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far October gave us everything we hoped for and after a short consolidation we can expect to go even higher. - DeFi will get more attention during Q4 again and not only for Tax reasons. - We expect some consolidation around 0.03$ before we get through and a struggle around 0.05$. - End of the year prediction: We will see a 0.3$+ REEF before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
RLong
by tumbler55
BTC/USDT Bullflag within rising channel. Is 60k$ next?Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold , just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the yellow resistance line. We now form a bullflag within a rising parallel channel drawn in purple. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. Considering only the last 10 days volume starts to increase. - RSI analysis shows a breakout as well and faces resistance around the 70 line. If we see an upwards breakout for the bullflag we also will see an upwards breakthrough for the RSI. - Support lines are at 52.5k$, 48k$, 41k$ and 30k$. The bottom of the parallel channel can act as support as well. - Resistance lines are at 59k$ and possibly around 64k$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last resistance lines before we head into price discovery. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We expect a bullflag breakout within the next 10 days. Our next target is 60k$. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
ERG/USDT Is a downtrend breakout in sight? We are Ready!Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price currently is within a downtrend and near a local support around 10.5$. - Volume decreases since the start of September where ERG was listed on Kucoin. Once we break the downtrend this could change quickly. - RSI analysis shows a "soft" downtrend breakout. We are still going down but could set a higher low. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery until the end of October. Currently price depends on the ADA price token which is stagnant at this moment. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We possibly retest the 10.5$ line which could act as support and help ERG to push through the purple line. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
7
ADA/USDT Downtrend breakout for Price, RSI. Cardano will bloom! Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the yellow resistance line. Now we struggle at the 2.3$ resistance line and possibly form a wedge indicated by the purple lines. - Overall Volume is on a steady decline since June. However the last couple of days volume gains momentum. Once we break the next resistance volume could blow up again. - RSI analysis shows a downtrend breakout as well and the RSI creeps back up. - Fibonacci levels show that ADA recovered between the 0.5 and 0.6 lines and now attacks the 0.38 line. - Support lines are at 1.9$, (1.2$) and 0.7$. The ascending purple line can act as support as well. - Resistance lines are at 2.3$ and 3$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery during October. Cardano was a main topic before the upgrade and now it's gone quiet. This most likely is the silence before the storm since the ecosystem is growing at a rapid pace. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We maybe fight some days for the 2.3$ level to flip into support. After that 3$ could be hit pretty soon and after that the true FOMO starts. You want to be in beforehand.^^ - End of the year prediction: We will see a 8$+ Cardano before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
QUICK/USDT Downtrend breakout. Massive undervalued coin. EOY?In case you miss a chart you can suggest it in the comments. Maybe we will cover it next time. Intro: - Quickswap is a permissionless decentralized exchange based on ETH, powered by the Polygon Network's Layer 2 scalability infrastructure. - Quickswap runs on top of Polygon and therefore has low gas fees. - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. Currently we hover above 400$. - Volume starts to increase with some huge spikes in between. This is a signal that we probably have bottomed. - RSI analysis confirms the breakout passing the 43 yellow line. - Support lines are at 330$ and 150$. - Resistance lines are at 775$, and 1100$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. After the peak around 800$ we got hammered down to 330$ and expect to recover within this month. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - Polygon did not move during the last 3 months despite bullish news. Imagine Opensea runs on Polygon and people finally start appreciating Opensea and low gas fees. - DeFi will get more attention during Q4 again and not only for Tax reasons. - End of the year prediction: We will see a 4000$+ QUICK before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
2
EPS/USDT Downtrend breakout. How high can we go till EOY?In case you miss a chart you can suggest it in the comments. Maybe we will cover it next time. Intro: - Ellipsis is a low slippage stable coin swapper onto the Binance smart chain ( BSC ). - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. The 0.45$ line now acts as support. We immediately face the local resistance around 0.53$. - Volume is on a steady decline since September where price peaked. Once we confirmed the trend reversal we expect additional price spikes. - RSI analysis confirms the breakout alongside price. - Support lines are at 0.45$ and 0.35$. - Resistance lines are at 0.53$, 0.8$, 1.075$ and 1.5$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. After the peak around 1.1$ we got hammered down to 0.45$ and expect to recover within this month. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - Binance got rid off some FUD that partly caused it's price to fall. Now BNB sees a great recovery which opens the doors for BNB projects like EPS . - DeFi will get more attention during Q4 again and not only for Tax reasons. - End of the year prediction: We will see a 1.5$+ EPS before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
ELong
by tumbler55
3
REEF/USDT Downtrend breakout. How high can we go from here?Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. The 0.02$ support has been reclaimed and we now head upwards to the next resistance lines. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. - RSI analysis shows that we are very close to a breakout above the yellow and orange line. On the RSI side we did not get a confirmation for a trend reversal. - Support lines are at 0.02$, 0.0165$ and 0.0135$. The ascending yellow line can act as support as well. - Resistance lines are at 0.025$, 0.03$ and 0.05$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery . - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - DeFi will get more attention during Q4 again and not only for Tax reasons. - We expect some consolidation around 0.025$ before we get through and a struggle around 0.05$. - End of the year prediction: We will see a 0.3$+ REEF before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
RLong
by tumbler55
2
BTC/USDT Relieve breakout in October. 68k next with BTC ETF?Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold, just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the purple resistance line. We went pretty straight back to 48k$ and touched the local resistance line. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. - RSI analysis shows a breakout as well and hovers above the 50 line. Even the support and resistance line of 55 was passed. - Support lines are at 41k$ and 30k$. The ascending yellow line can act as support as well. - Resistance lines are at 48k$, 52.5k$ and 59k$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We expect some consolidation around 48k$ before we get through and a struggle around the 60k$. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
ETH/USDT Expected downtrend breakout happened right at 1st Oct.Intro: - Ethereum still holds the biggest ecosystem and has running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - The main issue is the scalability and therefore the transaction fees which are way to high at this stage. - Ethereum still is the first choice after Bitcoin for big investors and remains attractive. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout out of the falling wedge/downtrend and keeps getting higher. From last chart we suggested to enter around 2900$ and congratulate you if you did so. - Volume keeps decreasing and is very low for such a breakout. This means currently there is not much resistance from sellers. - RSI analysis shows a breakout as well. We see that the 35 line did hold again and the RSI passed the 50line. - Support lines are at 2800$, 1750$ and 1350$. The ascending yellow line can act as support as well. - Resistance lines are at 3500$, 3950$and 4150$. Expectation: - We expect a further price appreciation over the next three months with some consolidation phases. A first consolidation under the 3550$ line seems reasonable and a struggle in the 3950-4150$ range more than plausible. - More and more people get heavily into Bitcoin and start pondering about their next investment. Taking Ethereum as next seems very likely. - End of the year prediction: We will see a 10k$+ Ethereum before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
7
ADA/USDT Smart contracts are live and the ecosystem is growingIntro: - Cardano is one of Ethereum's main competitor. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom. Daily chart: - Price keeps hovering above 2$ and so far stays below the descending purple line. - Volume pumps and dumps and probably drops until we see a breakout. - RSI analysis shows a descending behavior which could go on for some more days. These channel eventually get broken but this time we wait for it. - Support lines are at 2$, 1.2$ and 0.7$. - Resistance lines are at 2.3$ and 3$. Expectation: - We expect a breakout above the purple line and a solid recovery into October. One reason is, that the descending purple line is very steep, maybe to steep to be sustainable. - IOHK and Cardano continue to partner with big companies which could result into a price surge. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
by tumbler55
$ETH / USD -- Mini-Cloud-Bank w/ V Shape RecoveryHello Traders, Ethereum looks to have formed what I call a mini-cloud-bank patter. Why, Mini? Because generally speaking Cloud Bank patterns take anywhere from months to years to form, which are followed by a steep 40-60% drop-off with a "V" shape recovery. Clouds usually form during or right before a Bear Market, then take a massive plunge to start a recovery. Now, my thoughts are, we have mostly seen sideways chop over the last month or so, with some peaks and valleys, before finally dropping 32% from the recent peak. Not speaking too soon, it looks as if the market has found a bottom and has formed a sharp "V" shape recovery, pending no further massive drops. These types of patterns and market behavior can be ideal for a strong bull run over the next upcoming months for steady and consistent growth to the upside. Take this with a grain of salt as this is not a true Cloud Bank Pattern but has all of the characteristics of being considered a "Mini" Cloud. Good luck!
COINBASE:ETHUSDLong
by MarkStPeter
KCS/USDT Broader consolidation wedge is forming. Buy opportunityIntro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - KCS failed to break through the 15$ line and crashed together with the whole market. Currently price is near the bottom of the consolidation wedge. - The RSI declines and probably finds support around the mid 30's. - Volume keeps decreasing which is in line with a extended consolidation. - The 200MA is currently slowing down the downfall. Staying close is critical to not drop down even further. (The following description is taken from last discussion.) - KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$. - Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move. - Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase. Expectation: - The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action. Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
ETH/USDT Update: Ethereum tests the 2800$ support again. 0.5 FibIntro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - Trading volume keeps decreasing marked by the cyan line. - The RSI sees a decline as well and drops down to the middle 30's. - Price shows the same behavior and drops down to 2800$ which is marked as support and falls together with the 0.5Fib which usually acts as support. (The following description is taken from last discussion.) - ETH dropped three times to the 1750$ level and did get a bounce each time. - The blue arrow shows a W shape recovery which is considered to be a strong pattern and signals a trend reversal. - We see a golden cross indicated by the yellow camera. Expectation: - The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action. Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
REEF/USDT Update: Another opportunity to buy cheap REEF. Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - The DeFi sector did have a hard time during midyear but finally recovers and with it also REEF. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - As the whole market also REEF did see a 30% pullback. This lead to a downwards breakout of the tracked rising channel. However it looks like we will be back in during the start of the upcoming week and continue to climb up. - The overall volume keeps increasing slightly which is bullish. - The 0.5 Fib level did hold and wee did get a nice bounce. - Wee see that the 50MA came to help as support and did act well as such. (The following description is taken from last discussion.) - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume . - Currently we sit above the new support around 0.22 Expectations: - We expect REEF to break back into the rising wedge and explode once we crack the 0.03$ resistance line. - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2