FedericoSellitti

FedericoSellitti

ETHUSD Ethereum seems to have only two phases: consolidation and acceleration. It is important to notice that in all the consolidation periods, the green moving average has been a good resistance and a good level to open short positions. I except Ethereum to go below $300 in the next days and the best price for a short position is around $330.

FedericoSellitti Updated 

EURUSD After a strong down-movement, the price went back, touching again 1.16 level and trading higher than that. The idea of a short trade here, is to join the downtrend at a convenient price. A short position at 1.1600, with a stop loss at 1.1650 and a take profit at 1.1500, would give a reward to risk ratio of 2.

FedericoSellitti Updated 

BTCUSD Bitcoin short term idea. Breakout of the support at $6900 in the next 24 hours, with price accelerating towards $6700. This is a short term trade, in line with the long term bearish outlook.

FedericoSellitti Updated 

AUDCAD Price near an important resistance and being rejected. Additional reasons: - Bearish Setup with the Moving Averages - Good Reward to Risk ratio, almost 3.

FedericoSellitti Updated 

ADAUSD Good opportunity to short Cardano right below $0.13. 1. The setup of the moving averages is turning bearish; 2. The price broke the up-channel; 3. The price is in a consolidation phase after a strong down-movement. Next Target: $0.11

FedericoSellitti Updated 

AUDCAD Trade opportunity on the resistance, with a bearish setup of the moving averages. The trade offers an appealing risk to reward opportunity of 1:2.89.

FedericoSellitti Updated 

LTCUSD The price is still following a long term downtrend and the setup of the moving averages is turning bearish in the upper part of the wedge, offering a good opportunity for a short trade, in terms of risk-to-reward ratio.

FedericoSellitti Updated 

EOSUSD The price reached a support in area $7. I know that many traders are suggesting to buy now, but I still have a bearish outlook. Reasons: setup of the moving averages and short-term downtrend (3 weeks so far).

FedericoSellitti Updated 

Bitcoin is going down as expected. For those who missed the short trade, there is an opportunity to enter again on a correction in area $7300. I expect the price to bounce on the support at $6850, hit the area around $7300 and proceed with the downtrend towards $5500.

FedericoSellitti Updated 

Trading plan for Ripple. The price at the bottom of the sideways trend offers a good reward/risk of 2.54. Good chance to enter now.

FedericoSellitti

The price hit an important support and formed a bullish pattern called "bullish engulfing". There is an opportunity to place a trade with a target around 0.070, getting an amazing risk-reward ratio.