EthanTW

EthanTW

BYBIT:DOTUSDT 1H trend chart - Price left a long tail before, then rallied rapidly. Here, we can combine them as 1 candle, means support level around $41 still works. Now, it broke out this short-term downtrend line, so here is a first timing you can open long. However, there is a resistance zone around $42.84, can confirm price stands at it or not. In a...

EthanTW

BINANCE:DENTUSDT 4H trend chart - DENT has consolidated for around 2 months since hit $0.0085 During this consolidation, it is forming a support zone(pink rectangle) Also, there are two downtrend lines, short-term(orange) and long-term(deep blue). Now, price has broken out the short-term trend line, and it's really good for bull sign. I think it will...

EthanTW

- Congrats if you've been following this trading strategy as below! - Now you definitely take some profit at 1st TP. Next, you can hold the rest till TP2 or TP3, surely can take it all anytime you want. - I suggest that you can move the original SL a little upper to assure your potential profit! Have a great profit guys! - If you like this analysis, give it a...

EthanTW

BYBIT:ALGOUSDT 4H trend chart - ALGO has kept consolidating as a triangle formation for a while. There were many times fake out and needed to modify the upper downtrend line. Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not. So if price can be confirmed of breaking out this triangle, trading strategy as...

EthanTW

BYBIT:DOTUSDT 1H trend chart - $42.38 is the closure of previous candle and broke out the short-term downtrend line It's a nice timing for entry. Trading strategy as below - Profit Targets: a) 44.81----Fib(1) b) 46.21~46.77----Fib(1.272~1.382) Stop losses: a) 41.2----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to...

EthanTW Updated 

BYBIT:ADAUSDT 4H trend chart - Since ADA hit ATH on 9/2, it gets a lot of correction and keeps consolidating as a triangle formation. It is approaching to the end of this triangle. So if price can break out the upper downtrend line, it's a nice timing to open position. Trading strategy as below. - Profit Targets: a) 2.4587----Fib(0.618) b) 2.7980----Fib(1) c)...

EthanTW

BYBIT:MATICUSDT 1H trend chart - After an amazing soar before, MATIC is correcting and forming a Potential Cup and Handle pattern in 1H chart. It has not yet formed, but I already set up 2 points for entry. - 1. Break out the downtrend line Once price can take out the trend line, the handle pattern is completed. 2. Stand firm at 1.6433 Due to a long upper...

EthanTW

BYBIT:DOTUSDT 1H trend chart - $41.995 is a nice timing because confirmation of breaking out the downtrend line Also, potential double bottom is forming, so I regard it as a great time for entry. Trading strategy as below - Profit Targets: a) 43.240----Fib(1) b) 46.275~47.505----Fib(1.272~1.382) c) 50.135----Fib(2) Stop losses: a) 39.500----Red horizontal...

EthanTW

BYBIT:MATICUSDT 1H trend cahrt - Have a great profit if you've followed my analysis post! - Price directly go through 2nd TP! As usual, don't forget to take some part of unrealized profit, do not miss you already gain! Next, could hold it till TP3, and I'll update further TP later if needed Keep following us! - If you like this analysis, give it a like and...

EthanTW

BYBIT:DYDXUSDT - 1H trend chart - DYDX has converged for a while and formed an obvious triangle. You can notice lots trend lines needed to be broken, so I'll provide 2 different entry timing for you as below - 1. Aggressive traders There are 2 blue horizontal lines, the upper one is a nice timing for aggressive traders. It just broke out the orange downtrend...

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BYBIT:BCHUSDT - Congrats guys! If you've been following the analysis and trading strategy as below. Price already hit TP1! As usual, don't forget to take some part of unrealized profit, do not miss you already gain! Next, could hold it till TP2, and I'll update further TP later. Keep following us! - If you like this analysis, give it a like and leave a comment...

EthanTW

BYBIT:BCHUSDT 1H trend chart - BCH has been consolidating in a convergence formation for a while. We could notice there is a double pattern formed, and its neckline becomes a short-term support zone. If price can break out the upper downtrend line , it's time to entry, and trading strategy as below. - Profit Targets: a) 618.45----Fib(1) b)...

EthanTW

BYBIT:ETHUSD - As we expected, a strong bullish pattern-Cup and Handle is forming. (Refer to last analysis about ETH) - 1. $3679.9 Previous high, key price $3679.9, is eventually broken out. Here is a good timing to open position for conservative traders. (Aggressive traders must have opened as my last analysis) No matter which point you long at, we're...

EthanTW

- Congrats! if you have been following this trading strategy. We are approaching to 1st TP while ATOM is surging. As usual, you could hold it till 1st/2nd TP or take some profit anytime you want. Just remember to take a part of your unrealized profit, don't miss them you already have! - If you like this analysis, give it a like and leave a comment below to...

EthanTW

BYBIT:ATOMUSDT 1H trend chart - Price has been consolidating in two descending wedges. Now, it broke out the first upper downtrend line, and still have another(orange line) needed to be taken out. And there is a potential double bottom pattern forming. If price can stand firm at 34.8, trading strategy as below. *Notice the long-term downtrend line will show...

EthanTW

BYBIT:MATICUSDT 1H tend chart - We could see a long-term support zone formed from the ceiling of a Darvas box. Also, there is a downtrend line kept resisting price. Now, price just broke out the upper downtrend line and took out the neckline of this potential inverse head and shoulders pattern. It's a bullish signal and our trading strategy as below. *can...

EthanTW

- Congrats! if you have been following this trading strategy. It already hit 1st TP while DOT is surging. Next, you could hold it till 2nd TP or take some profit anytime you want. Just remember to take a part of your unrealized profit, don't miss them you already have! - If you like this analysis, give it a like and leave a comment below to share your...

EthanTW Updated 

BYBIT:DOTUSDT 4H trend chart - We could see an obvious uptrend line keeps supporting the price After price hit Fib(0.382), it rallied back to Fib(0.618) and also broke the downtrend line up. Currently, downtrend line is broken out, and if price could still take out this line and stand firm after this 4H candlestick done Our short-term trading strategy as...