TraderEngineering

TraderEngineering Updated 

Toncoin has failed to break the 1HR 200EMA consistently for over a week which doesn't scream much confidence for the bulls. Are we about to see another dip? How do we trade this? 🤔 The last 5 failures to break the 200EMA are a strong signal to short. Each candle sports a big wick on their top and collectively are forming a double top patten which usually...

TraderEngineering Updated 

Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be? How do we trade this? 🤔 Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and...

TraderEngineering

Avalanche has been roaring through a nice curving bull channel until the top of the third push at $42.75! A nice sell signal formed on yesterdays daily candle, now we need to see how today closes to make our next move. How do we trade this? 🤔 Avalanche had its third push up in the bull channel, a typical number of legs before the trend changes into a trading...

TraderEngineering

FTM is holding steady in the bull channel going sideways at $0.38! This pattern indicates a continuation pattern to the upside for FTM, so why am I bearish? How do we trade this? 🤔 FTM has had three pushes to the upside in this bull channel $0.24, $0.38, and $0.43, which is a typical leg count in a bull run before converting to a trading range or reversal....

TraderEngineering

Uniswap has fallen out of its Bull Channel and is surfing on the Daily 30EMA! After Bitcoins harsh selloff at resistance, is Uniswap and the entire crypto market about to reverse to previous lows? How do we trade this? 🤔 Uniswap price action is currently going sideways in a trading range, a typical signal when a Bull Channel has come to an end. What we need now...

TraderEngineering Updated 

Cardano had a fantastic measured move event from the breakout point on October 23rd, a move that I overlooked in my last couple of analysis! The price shot up from $0.27 to $0.41, pulling back into a bull flag, then ripping up from $0.41 to $0.62! Now that the move is complete, where do we go from here? How do we trade this? 🤔 The measured move is usually...

TraderEngineering Updated 

Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here? How do we trade this? 🤔 We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle...

TraderEngineering

Solana is at a key resistance level from what used to be Support in March of 2022. This resulted in a hard selloff throughout the crypto market, leaving us wondering what comes next. Are we pulling back then continuing? Or are we heading back down to the $32 area? How do we trade this? 🤔 More price action is required to justify a market entry. Here's what we do...

TraderEngineering

Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in! How do we trade this? 🤔 Recent Data Since the trend reversal in January 2023 we've had three pushes to...

TraderEngineering Updated 

Dogecoin has had some fantastic bullish action as of late! If you followed my previous 4HR analysis from December 5th and longed, you made out with a 1:3 trade. What we're looking at now is another nice long setup, but should we take it? How do we trade this? 🤔 We have an ascending triangle which is a bullish pattern following a strong bull macro trend, the...

TraderEngineering Updated 

TonCoin has been rejected at the Lifetime Resistance zone and is currently falling toward the Weekly 30EMA. The trading area between the 30 EMA and Resistance Zone is relatively tight making a good Risk/Reward Ratio more difficult to obtain. How do we trade this? 🤔 The Crypto Market is currently bullish so we should be looking for price areas to get long. We...

TraderEngineering Updated 

Ripple has its sights set on the Resistance Zone at a price range of $0.715 to $0.75! We're currently breaking out from the Bull Channel to the upside. Do we long now? How do we trade this? 🤔 If you're going to long, Do it at the close of this 4HR candle in 30 Minutes! The best place to long would have been a couple of candles ago when the price was at $0.63...

TraderEngineering Updated 

OneCoin is struggling to continue upward at the Resistance Zone, hinting that the price wants to fall back to the EMA ribbons. Is this an opportunity to short? Or should we look for a long? How do we trade this? 🤔 The last three candles have been relatively weak bull bars, especially the last one which ended as a doji (a one-bar trading range). The current...

TraderEngineering

EURUSD rejected nicely off of the Resistance Zone at 1.10 and fell to 1.07300! If you shorted at the Resistance Zone per my last analysis, hold that short! It's reasonable to take profits here around 1:1 Risk/Reward and swing the latter half, but will we make it to the bottom? How do we trade this? 🤔 If you're not currently in a trade, I would wait until the...

TraderEngineering

Fantom had an excellent breakout of the previous resistance zones at $0.34 and $0.37 per my previous analysis. If you longed the suggested trade, you achieved a 1:3 Risk/Reward Ratio! What are the next moves now that we've hit the Weekly 200EMA? How do we trade this? 🤔 Fantom is red hot to the upside making contact with the Weekly 200EMA, an expected resistance...

TraderEngineering Updated 

Uniswap is showing bull channel support and is indicating the price wants to continue upward toward the $7.25 range. Should we long here? Or is the previous channel resistance around $6.50 going to send us back to the depths? How do we trade this? 🤔 It's reasonable to long now. We have a bull signal candle at channel support followed by an additional bull...

TraderEngineering Updated 

Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through? How do we trade this? If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell...

TraderEngineering

The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed hard to the upside! Now we're at the 200EMA Resistance, what are the next moves? How do we trade this? 🤔 There are no good trades to take on the Daily chart. We're too close to resistance,...