Polkadot crashed hard during April and did not recover since. However, during July we did see a bounce at 10.5$ and DOT did break the series of lower highs for the daily RSI. Volume increased as well which is an additional sign. Now DOT moves into the 15-16$ range where we look for an upper breakout in price considering the downtrend. Once we turned the 15$ into...
Looks like we could see a nice recovery begin if this plays out. My cup and handle target on chart. Fingers crossed!
VeChain has broken the down-trend and is recovering quite quickly, let's join here. Current Price= 0.08224 Buy Entry = 0.08217 - 0.07902 Take Profit= 0.08789 | 0.09418 | 0.09990 Stop Loss= 0.07443 Risk/Reward= 1:1.2 | 1:2.22 | 1:3.15 Expected Profit= +18.20% | +33.82% | +48.02% Possible Loss= -15.22% Fib. Retracement= 0.893 | 1.272 | 1.618 Margin Leverage=...
ONE did leave the falling wedge indicated by the yellow lines. Currently we see a consolidation into a triangle drawn with the violet lines. ONE found support twice around the 0.055 line and marks kind of a double bottom which on its own is a good trend reversal sign. The volume however is still decreasing which is fine for a consolidation. Once we break out of...
QTUM consolidates between the 4.8 support line (green) and the 7.5 resistance line (orange). Currently we even can draw falling triangle (yellow line). On the right hand side we see that price action currently moves between the 200ma and 50ma. One we break through the 200ma we expect a relief rally with higher highs and higher lows. The RSI on the daily chart on...
Ellipsis did another retest of the 0.34 line which was unexpected due to the strong recovery right before that. However, we did get a very solid bounce and are again above the violet upwards moving line. Once the 0.53 line is broken we expect a major upwards pump. The strong volume increase during the last 30 days shows rising demand. Just to get near previous...
I will try to play around with different chart types and charting styles. Please tell me what you like or dislike and why. Thank you very much for your time. SUPER made it back into the violet cone together with another volume increase. There was a retest of the 0.38 line which probably did trigger some stop/loss as well. However, we did get a strong bounce...
Last time we covered Bitcoin we introduced the Wyckoff accumulation pattern. The continuation did not follow the exact pattern. We rather saw another so called "Test" below the 30k line and are moving upwards since. Currently we look for a breakout above the 0.5 Fib line and a follow up retest of it as new support. This would give us a good setup to move towards...
The analysis will be similar for most coins at their current state so don't be upset if the phrases are the same.^^ We see an increase in volume which signs a rise in interest. The purple line shows that we are in an upward movement with higher highs and higher lows. Recently a cross between the 50MA and the 200MA occured where finally the 50MA is on top...
SUPER is the currency for the game Superfarm (where NFT's can be collected and used) created from Ellio Trades (Youtube). Since the launch on Binance SUPER dropped hard after a starting rally. Currently it looks like we get a trend reversal which is not confirmed yet. The RSI is around 40 and looks like we can expect a parabolic recovery there. We spot a recent...
EPS continued its downfall during June as most other coins did as well. However, for the last two weeks we look at a small trend reversal where we see higher highs and higher lows following the purple line. We also did notice two bigger volume pumps that increase rising demand. EPS provides low slippage swaps between different stable coins like USDT, USDC and...
Cheesecake Factory has painted a nice bull flag on the daily and weekly time frames. I do not intend to trade this. I am simply posting this for educational purposes as CAKE will be one to watch in the coming days and weeks.
Thank you for your likes, shares and comments! really appreciated! This is not a financial advice just an idea __________________________________________________________________ ALL American Airline Group > - A slow recovery - A strong redline roof - A potential triangular long entry zone - Beating some strong selling powers ranging above those past levels
Recovery is imminent now. The reason for this is the RSI graph that you see at the bottom of the image. RSI is in a downtrend since early January this year. So, that is a very good indicator. A good indicator is something which has been holding for a very long time, in this case, 6 months. But now, it is more probable to break that upper resistance line than...
Bitcoin has been shedding signs of bearishness for the past two weeks. We are still firmly in the sideways pressure of the "Crab Zone", but as you can see we've been building a structure of higher lows and a general upward slope. In the sort term we seem to be opening upwards into a megaphone like pattern, implying an increase of volatility as it bounces up. I...
HIVE is declining since April as many other crypto coins are too. We are looking at a falling wedge pattern and wait for a breakout as a sign of trend reversal. HIVE found critical support at 0.2$ and is now battling for the important 0.29$ support line. Volume is in general low but we see some spikes which could hint some people are accumulating. Basic...
QTUM did break through below the 200MA initialized from the Bitcoin drop. Now QTUM is in recovery mode to gain the 200MA back as support. The previous support around 4.5$ did hold and the next target is the lost 7.7$ line. As a major proof of stake Blockchain QTUM should have a great 2021. Basic rules: - Never buy the top/ATH - Take profit as long as you can...
AUDIO broke out of the downwards trend indicated with the yellow line. The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance. Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise. Middle target is 2.7$ and the ATH target is around 4$. Audius in...