CryptoDonkie

CryptoDonkie

Good day fellow traders. I hardly post these days. But for the purpose of sharing some views. You could say Logic> retrace vs what does the structure tell you. Let me be clear always be bearish aka sensible. Before you make a decision!!!!! I expected a correction of larger size in the last week. So what is happening We are currently in what seems to be a 5ft...

CryptoDonkie

Good day fellow traders, Last week I posted about XRP and a potential setup, warning for more confirmation needed and, BTC price action: for more information about XRP. Overall, I am still Bullish on XRP and seems to be in a nice triangle set-up that will soon test the resistance at the...

CryptoDonkie

Good day fellow traders, Terra needs to be on your radar here, position-wise it's not at an ideal spot to enter for a trading opportunity( middle of the range), only with the right experience plan. In that regard, our risk-reward ratio is still 1:4. - MACD looking like it wants to move - DMI and RSI at a healthy location - Consolidation since 24th April, after...

CryptoDonkie

Good day fellow trader, Filecoin might be getting ready for a shift in momentum. We are at the low of the larger range, healthy correction 61.8. Close to support which gives a good risk-reward set-up. Buy up to $142 SL $119 The rest of the targets on the chart is mid-long term chart. There are interesting levels in between for profit-taking. Move SL once in...

CryptoDonkie

Good day fellow traders, Even dough BTC is doing its own thing. For a quick day trade, maybe a swing its worth looking at BCH here. There is some nice consolidation the last days, with less volatility than most other alts relative to BTC . This could indicate strength, somebody is still buying, even if the larger market is selling in crypto. Buy at the bottom of...

CryptoDonkie

Good day fellow traders, In the upcoming days ill keep my eyes on Nem for possible upwards moves. The broader trend is narrowing atm, which can indicate a possible reversal pattern in the making. We are on the 100 EMA and 50 SMA which joined up. Close to 0 lines in MACD and VFI volume ready for expansion growth > momentum. Keep a sharp eye on the daily candle...

CryptoDonkie

Good day fellow traders, It is time to watch your XRP assets, the market is likely to soon make a decision on where it wants to move. Even dough it isn't a convincing bullish momentum, there are more positive than negative signs. - Healthy retracement from previous high 38.2 fib and ABC correction. - Candle formations on 12H and Daily show a close battle...

CryptoDonkie

Good day to all, PIVX is looking strong in the current position. The conditions are in our favor across the board. - MACD Crossing on Daily-timeframe - RSI Looks good - DMI steady bullish - Larger picture channel and upside potential are clearly visible. Supported by the breaking momentum that is upcoming. - First resistance zone around $1.97 - Good...

CryptoDonkie

Good Day, Zcash has a lot of positive signs going for it. - MACD had a decent rejection of the Bears - RSI comes from a fairly stable flow around the 50, which indicates potential in the market for upward movement - DMI is crossing on 12HR timeframe - Healthy correction from 16th April high - Steady upward movement - Testing $267 resistance with persistence -...

CryptoDonkie

Goodmorning Traders, A colleague asked me to look at Dash-USD I thought it might be nice to explain how I sometimes confirm a trade for either opening or closing. I know the chart looks busy, but in chronological order, Ill explain my steps. Marked by the symbols +/- or neutral - First look at the levels on Daily for support and resistance, potential stop...

CryptoDonkie

GoOd Day Fellow Traders, BTC is working itself out currently, indicators show weaker signs across the board. Volume isn't strong enough to push the bears out of their position confirmed by our RSI. A solid test of our period trendline happened yesterday, mark by close positioning of the 100 MA in yellow. Our $54.000/ $55.000 K support area seems to be breaking on...

CryptoDonkie

Good Day fellow traders, Some interesting days are behind us. We saw a healthy correction during the last days. This was established after the renewed interest in BTC and ALTS starting half of April. Something that was striking and showed itself was a market where both bears and bulls lacked real strength. Which indicates to me a market is ranging mostly. With...

CryptoDonkie

Hello, NANO is still in a decent entry zone. And is likely to test the resistance and look for upside movement. For entry, you can look for orders between support @77k sats and 84K sats. Stops below 77k will leave for more room and decision on the direction it will take. We are still in the demand zone on a longer timeframe, Goodluck

CryptoDonkie

Hello, RDN is a project to keep your eye on. Atm moment they are in an undervalued area compared to competitors. Their tech is solid and worth reading up on. Now form a trading perspective the haven't regained any thru momentum. And percentage wise recovered less strong than most others. We can see on the chart that we are in a neutral zone between 20K and 26K...

CryptoDonkie

Hello This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with...

CryptoDonkie

Hello. BTC has had a decent rally the last week. A much needed healthy correction is needed. The million dollar question is what comes after. For me, both scenario's are still open atm. Thier are arguments to make for both sides of the market atm. And it all depends on how deep this correction will go. And if we just do an ABC up or the first leg of a bigger EW...

CryptoDonkie

Hello! LISK is looking in doubt. We have the option to form a bearish pennant and retrace deeper. It has been fighting its recent downtrend for a while now. And so far lacks the power to break thru. The resistance is heavy coinciding with both the 50 and 200 EMA. That's pretty much the bearish scenario. The bullish scenario is that we start/ are forming a new...

CryptoDonkie

Qtum has been testing the down resistance over the last weeks. Currently, the resistance is formed by the down and 200MA on daily. It's worth paying attention here. For an entry on break-out and touch of resistance- support by then:). Or wait for a pullback to the edge of the circle @ 21k sats level. I'll keep updating along the way.