I never traded this one, a friend of mine made me notice it so I went to check and this looks like an inverted head and shoulders. If you wanna buy it check if the neckline hold the price, if it does you can enter. The target is on the chart. OFF COURSE, when you trade against BTC be careful, if BTC starts a bullrun and the coin you bought (UTK in this case)...
I've read about Chromia between December and January, after that I forgot because frankly there are too many projects to follow and we're humans. Today I've read it somewhere I went to check and I noticed that since 1st of March it went over 12x. Pretty impressive. Another very interesting thing is that CHR is about to break out from this falling wedge. Bollinger...
So, on the background there's a pitchfork and BTC has been moving in the lower band for some days now. I've also drawn a trend line just to highlight a trend/resistance within the pitchfork. I know that having the ichimoku cloud over the pitchfork's background doesn't make the things very clear but they are both very useful so try to focus. While I'm writing...
CHZ is very close to the apex of a asymetrical triangle, technical indicators don't show particular signs but the pattern is clear. EMA 200 (not shown here) is over the chart at 1h but this is normal. BTC is currently dragging the market down but in the last 32h it seems candlesticks are into a mini channel, so there's a move coming. I think this will go up....
ICX has already tested the triangle resistance several times, the chart pattern shows we're into a trend of lower highs and eventually I think price will break out. As you can see there was a fake one but I'm convinced that this triangle will go up, even because ICXBTC pairs is into another kind of triangle but always a bullish one. The fact that there was a...
So, I think the first breakout attempt failed so this is probably gonna retrace and bounce on the triangle's lower side or go down a little bit less (up to 2.23USDT). After that we it should try another breakout, should this fail exit the trade and enter again if it bounces on the lower support. Right now the control line of volume profile is to be taken as a...
I think this is a nice setup for an early and more safe entry on CAKE. Price is close to support and price have been declining for a month now. I expect another leg up soon, off course keep in mind three things: 1) as most of the coins mimic BTC, CAKE has shown to mimic BNB so if BNB goes down for some reason so does CAKE; 2) being price close at support you can...
I think volume has to increase to lead to a proper breakout and I'm not sure because there's a bearish DIV on MFi at 4h but it looks possible because it's a situation veri similar to the former one (still visible in the chart). The breakout is confirmed if we close a candle over 7.96, set stop loss at 6.86. I don't set a target here because I don't think it would...
That violet triangle there was a resistance zone, RSR passed through it and opened a new 4h candlestick over it. I think it's safe to say we're heading toward 0.10 now. I suppose at a certain point we'll retrace, should this happen take it as a chance to buy more, I won't suggest you to buy in this moment because it's pumping already. Indicators are good, ADX+DI...
I've been watching this for a lot of days... I admit I didn't post because I wanna buy a bag of DOT but right now I've all my stuff in other coins. The dashed line indicates the point from which I'll consider it a real breakout. Indicators don't seem to give bad signals so if you wanna enter do it now because it's at support. I'd take as stop loss the lower...
My TA is pretty simple. I interpreted this falling wedge in this way, I see more the 5th of March dip outside the wedge like a momentary off road, another possible wedge could be considering it within the wedge but I tend more to think mine it's more correct. Off course you choose your interpretation. As you can see there's a bullish DIV on RSI and MFI from the...
At daily timeframe this breakout looks healthy. If you had eyed this trade but didn't enter because wanted confirmation for an entry THIS IS IT. Further than here it'll be kinda late. Remember, in AltsBTC pairs to go up both USDT and BTC pairs must go well, in this case this is happening. Before BTC goes crazy this is a good window to enter. If you entered when...
Assuming BTC won't mess things up looks like 1INCH has awaken. The hypothesis of an Adam&Eve formation I've pubblished some days ago looks like was correct. After the Eve formed and tested the neckline there was a retracement I've seen in differents A&E formations and then price broke out. The rectangle shows it formed a minor support which is pretty good for...
This is not really TA but kinda a notification. I've done TA on UMA already and it didn't change much since the last time. The project is good, very good, they just lack marketing which means they lack volume. Statistically speaking UMA's breakouts success ratio is 1:3 so this could be the one but I'm cautious and I don't wanna say "this is gonna moon" just...
I forgot to post about this descending channel days ago and now it broke out. If you wanna enter this one wait for a retracement because right now it'd be very risky to enter, you could buy at top and remain caught into a retracement. Usually channels and wedges break out retest the former resistance. If you wanna jump in wait for the price to go close former...
WARNING: I find BTC pairs difficult to analyse since BTC touched 40K because now BTC is continuosly under the spotlight and many corporate investors are buying. Such things tend to invalidate TA. So be careful TA: This clearly is a falling wedge almost close to the 0.786 Fib line, a zone where reversals tend to happen the most. Indicators say XLM is in the...
Trading this pattern is easy: 1) wait for the price to reach the triangle support, if it touches or closes candles below the support but within the cloud it's ok; 2) check 15min chart, if there's an uptrend on support enter the trade. To be more safe wait for a bounce back that will take candles inside the triangle; 3) if price can't break out the triangle exit...
I'm in up until we it double digit however recently I've noticed a C&H forming WITHIN another pattern on UMA chart (check my TA). Since usually many coins/token have similar pattern or behaviour (BTC's fault) I've checked also on 1INCH and I've noticed this potential Adam&Eve pattern. I've seen on some other TA on TradingView that A&E can have a retracement...