RNDR price action analysis. Me again with another setup of RNDR/USDT. I have mentioned my analysis by showing that RNDR is slowing making an upward trend channel. I have used 12HTF and mentioned my bullish and bearish points in it. As the market is right now going down, some of the alts are performing in the upper direction, and RNDR is one of them because, from this new year on, RNDR is performing very well and has also touched ATH. Despite dropping on May 8, we can see the upward trend is still on the move. Let's see what happens in the upcoming market. Monday's opening is very important.
RNDR is following bitcoin price movements and consolidating on others. Things can get choppy too. be careful!
No matter where the market goes, I have mentioned my quick scalping idea for both bullish and bearish scenarios.
Please respond with your constructive criticism. #PEACE
#DYOR #Market #Neutralview #RNDR #CRYPTO
Upwardtrend
MPC - Still a long way to go to find harmony and balanceMPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation.
PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place,
industry replacement value offers a substantial upside. Cash Flow, Share Buy-Backs, Cash Levels are all strong!
DOGEUSDTDoge coin is ready to start upward trend very soon.
I predict 150% pump for Dogecoin less than 1 month.
Please attention to the chart and comment me.
Thanks everybody.
CHFJPY BUY!!CHFJPY has been trading inside the given parallel channel since the start of 2020. a rather slow moving pair , but as of now i expect it to go up until the upper resistance of 127.8 in the near future ! to further strengthen the idea, currently a bat harmonic pattern can be observed on 1 hour time frame . As of now , my targets 1 and 2 are 127.05 and 127.8 respectively !
CHOLAFIN 25 to 30% ROIAll details are on chart.
Please note - Am not a SEBI registered. Please do your own analyses before taking any position. This post is only for educational purpose.
BTC on the daily chartBTC has been riding the 0.236 fib as support for the last 13 days, the 1.618 fib is sitting on 85k and the MACD looks nice and filled out about to cross. Maybe we will see some up trend pressure before the year is over, maybe early January next year?
But WTFDIK?
Right Shoulder Upward Up-to-DateHi traders. I updated the Head-and-Shoulders' template. My entry yesterday was antecipated but the setup is going well. The market Is double-bottommed and an 2-Day upward to the supply zone above 52k Is possible (higher high at least). It'll invalid the shoulder, off course, validating a Broadening Triangle top (short).
Great trading at all.
Denison Mines Corp. - DNN. Upward channelDNN chart upward channel, good support level to buy with expect rise to 2.2 $ from current price of 1.7 $.
Convergence with CCI indicator suspected price rise.
Similar dip compared to 1 month before first October rallyBefore the first rally in October there was a very similar 30% drop AND descending channel. In my mind this looks like whales and strong positions artificially dropping the price to get a better position before a rally. Not financial advice, just an observation.
EURUSDEURUSD
As per observation, its clear that trend was downward and last time it reach to same number during Jul 2020.
However we can see the market started moving upward & expect to reach the suitable price within next few days.
Comments/Feedbacks/Suggestion are most welcome.
REEF/USDT Update: Moving within rising channelIntro:
- 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.
- 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:
- REEF continuous its recovery and trades within a rising wedge drawn using purple lines.
- The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets.
- 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:
- 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.
PLUG Power Long and Strong! Broke downward trend, but maintained long-term upward trend. RSI indicators show buying signal. Analyst Price Target $35.
ALGOUSDT: Higher Highs and Higher LowsALGO has been caught in a range for a while now.
Looking at the chart we can clearly see an aggressive reply by the Bulls, defending the 0.9$ price point and pushing the price to the 61.8% Fib level.
On the 1D chart, as far as technicals go:
- The RSI is sitting closer to 50 (NEUTRAL/HOLD).
- While the MACD has yet to cross above the Signal line. That being said, the Histogram has indicated a decrease in Bearish Momentum.
- MAs remain in favour of the upwards trend.
What to look out for:
- The EMA9 crossing above the MA50 might signal a move towards the 1.45-1.50$ resistance (Blue Impulse).
- While the opposite might see us retesting the 1.08-1.19$ range, which might ignite a V-shaped recovery in the short-term (Red Bounce).
ENJ WITH CONSTANT POSITIVE REINFORCEMENT. NFT MARKET BOOM 💎ENJ and THETA have been dominating this NFT influx of investors the past weeks and are outpacing most major crypto in a very positive trend. ENJ and THETA will 2x before you finish reading Dante Alighieri's The Divine Comedy. Stay safe out there everyone. Be smart. Don't panic.
DASH ready to explode!DASH is ready to explode!
DASH is since the last bullcycle in bearish market. Other Altcoins like ETH got out of it.
I think when BTC is again moving upwards, we can see an altseason and DASH surpassing it's ATH. The Fib Tool shows, that we can see 6500$ per DASH this year!
Wish y'all good luck! :D
20% DISCOUNT on Binance:
URK3CM0E
APPLE: STOCK MARKET ANALYSIS: UPDATEHello everyone, just wanted to try giving an analysis through a video! Let me know if you enjoyed it!
BTCUSD will start to rise again BTCUSD has had it's major pull back and will start to make it's upward trend .
good time to invest.
NIO- Partnership with NVIDIA and QualcommShort-term catalysts may be in the play for NIO.
On January 9, NIO unveiled its long-awaited first sedan, the NIO ET7 which uses Nvidia's DRIVE Orin system-on-a-chip and Qualcomm's chips for 5G capability. Together, NIO and NVIDIA aim to accelerate the development of autonomous driving on smart vehicles.
According to CNEVPOST, on Saturday, Qualcomm said that it would work with NIO to bring the latest next-generation digital cockpit technology to the ET7, which would use the third-generation Qualcomm Snapdragon Automotive Digital Cockpit Platform and the Qualcomm Snapdragon Automotive 5G Platform.
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DYOR, not the investment advice.
