We'll be Putting a big short to the test. It is a live trade and done using my own analysis. I will keep track of this thread until either the SL or TP gets triggered.
the 29K 30k will be our take profit target as it is obviously a main support
We can see a descending triangle developing on Ethereum which can give us a good short opportunity.
I expect it to reach the old breakout trendline soon. Do not long now, we will later have a better long entry with good probability
⚠️ Stop: 2078
This is my first post in months, a lot happened in the markets since my last post.
Today I will explain my analysis on REEF/USDT and why I'm very bullish on this.
First of all, you can see on my chart a breakout which is about to happen on the chart just like in the RSI. If it succeeds, I expect it to make an explosive move towards the upside.
Here is a setup i have worked on for a long position. It is well detailed for better understanding.
So these are possible scenarios that might happen. If bitcoin remains bullish the next few days, the scenario with the green line as drawn on the chart will most likely happen (from my P.O.V).
I have a long position on this crypto and i might keep holding unless...
Good entry point on COMP as it reached the neckline of the W pattern as shown on the chart. There is a good pump potential in this scenario.
Like follow or even comment if this analysis helped !
Hey, this may be a shitcoin but this is showing strong bullish moves. I can confirm a bullish trend especially if this red trend line breaks out. Second point is that the graphic formed a nice W pattern before this recent bounce came on which is a strong sign of a reversal pattern. My prediction for this coin is that it will be FOMO'd hard according to my analysis...
The bear market might have possibly began. The selling pressure is high and people have less hope in this market.
2nd point is that a break of this main support will confirm the head and shoulder and thus the trend reversal.
On my previous idea i had the idea of buying back at the main support. But for now, i switched my changed my mind because buying seems more...
Buy back at green area then aim for 5 to 10% gains. Chances of hitting the SL are high so only aim for small gains. Reasons is because if lockdown 2.0 comes then it will probably break support resulting to a SL hit.
YFI has gained x10 over the past few weeks. it just recently got added on Coinbase which is a home for most retail traders so it pumped EVEN MORE! and that happened after a short break! In my opinion, this market has to CALM DOWN! It's not like this can rise forever and the way it rose is NOT NORMAL. Many investors are eventually going to take their next step...