If we forget about all these wicks happening recently and solely focus on the actual trading substance, you'll notice that an ascending triangle is lurking in the data.
As per classic technical analysis, these triangles may indicate a continuation in 70% of cases and a possible breakout is backed by its continuous RSI uptrend.
I'd consider a confirmation 5% above...
...if it can get out from getting caught in its current confluence levels.
Only upon a clear breakout into the upper end of the buy area, I see enough potential for a 70% upswing.
Anything below is a no-trading area to me as ADAUSDT wan't really able to take advantage of the overall positive sentiment in the crypto-space.
We have a local triangle in an uptrend which is - as per classic Technical Analysis - a continuation pattern.
Since this triangle is supported by a steady RSI uptrend and oversold conditions on the Stoch RSI, I believe that ETH will be able to develop enough momentum and crush through the resistance at $251.
As soon as a breakout from that triangle is confirmed...
I think it is self-explanatory: We basically have 3 major buy and sell targets with huge potentials and 2 gigantic gaps to the upside that can be exploited for gains.
It basically doesn't matter if it drops to the bottom again or keeps shooting up, just make sure to play it long-term (months) and set your stop-losses reasonably.
If you ask me, from all the OG...
We have several positive arguments here:
- Stoch RSI oversold on the 4hr
- Stoch RSI about to be oversold on the daily
- Beginning of consolidation on medium to strong support
- Breakout from an originally bearish triangle
- Confirmed outbreak to the upsde from the Fib Retracement downtrend
- linear, sustaining RSI uptrend, with healthy pullbacks (which is...
We are chopping around in a very strong support and resistance channel on low volume. For people looking for a long term hold, this is NOT the area to get into yet.
Instead, the plan as follows:
1) There is a chance of a breakout of the falling wedge but it might require some pretty heft raise in volume to get through the resistance at $3820.
In case of a...
Here an update on my previous TA on BTTUSDT:
As you can see the original breakout has been predicted well, including the first sell zone.
However, as things develop, we are now entering a new large-scale breakout, that might bring us to an almost ath double top at...
We are entering the last third of the previous cup'n handle playing out. There is 32% juice left from the current price.
You can watch this chart and how it plays out live, here in case I will update it:
Ethereum Donation Address: 0x285C0455D4B8c1b9e9D9f4a03bbFa130fEcD894B
Here is my plan on how to play both directions TRXUSDT might take:
In case of a breakout to the top of the triangle, I play a buy-in with a safe confirmation roundabout 3 - 4% above the breakout point as conformation.
If on the sell target #1 I see declining momentum, I gonna sell using a constantly updated stop loss.
In case of enough moment, I will be looking...
The next reaction - not necessarily a single move - will be very likely a defining one for Ethereum.
A reaction on the previous pump to the upside would bring us finally into a zone with way less resistance at $133 USD levels.
The old resistance would act as very strong support and make it more likely to get up further.
At this point, we would NOT YET have a...
Here is may current game plan for BTTUSDT (Binance).
You can check the chart as it develops here, as this is a constantly updated chart, depending on new situations:
The yellow lines indicate strong resistance/support levels, the dark red ones medium and the dark grey ones light resistances/support.
As posted last night, the bulilsh indicators got validated:
We are now inside an ascending triangle, which tends to breakout to the upside in 70% of cases, with a gain range of 10 - 27%.
If that happens, we will be sitting in another channel, possibly repeating another...
I was already writing off BTTUSDT expecting a longer correction. but was missing a double-top on the 4hr, which made my head scratch.
However, I spotted some indicators on the 4-hour that keep me being bullish on BTTUSDT:
- There is a valid uptrend with clear touch points
- We have a bullish Stochastic RSI vs. trend divergence
- There is a falling...
Some TA Kung-Fu for you:
As you can see we have a potentially repeating 80-bar length pattern within the downtrend of ETHUSDT before each drop.
If that 80-bar length trend continues, we might see a breakout at the $92 mark because there is an intersection between the 80-bar length and the upper downtrend line of the descending triangle, which could lead to a...