Near is approaching it's ath after an impressive rally. I will close long and look to open short when we reach above $20.
Honestly have to be careful (no/low lev) because the trend is strong and near is pumped easily. Very low liquidity coin with aggressive bull moves.
Touching the ath will certainly cause a selloff and complete the fifth wave up.
A potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time.
Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up.
Hi, been some time. A low timeframe chart of chainlink.
LINK has been trading in 27.6-28.4 zone since we saw yesterday's pamp trough 27.5 resistance. It hasn't retraced below which means enough buyers to support it above the resistance.
We could see next leg up today if BTC gives link room to move up and out of distribution zone. 28.8 - 29.5 - 30.8.
Rising wedge broke down with price now consolidating in a triangle.
This one has a bearish bias but with BTC you never know.
I currently closed my short, will be trading a breakout With a proper, valid retest.
Goodluck, a deep one may be coming.
Ciao traders ,
While my last shared BTC trade was a short, I was too busy with alt coins to follow that trade up with a long,
however, we're looking fairly strong on the higher tf's. I will buy a break of the upper resistance, as well as a potential retest of the 'stair' trendline.
sometimes I say, a chart says more than a thousand words, wouldn't you agree?
I currently favour a break to the upside with a retest of this 2-month symmetrical triangle based on the MACD turning bullish and the MA's being in a good position. We have about a week before the triangles reaches it's apex so I might publish an update rather soon.
However If a...
Price broke down the rising wedge, backtested, now are we going back in or back down?
1. 50K (yellow)
2. 44K (blue)
I currently favour downside as it completes the trend reversal pattern that is the rising wedge.
Without a doubt this is a rising wedge as price contracts and narrows as it gets higher forming a slope up thus the whole...