What you need to know is that the was some bad news that came out recently: "$22M Drained From Compound Contract That Was Hit for $80M Last Week. About $66 million – and counting – was recently added to the still vulnerable contract, thus making more funds available for exploit. " Source: coindesk That event obviously had a negative impact on the price, but...
There's an opportunity to buy the bottom of this bullflag. entry: buy: ~3.25 SL: 3.15 (~3%) if scalping, adjust if buying for hodl
The price has formed head and shoulders pattern which is obviously bearish. My eyes try to ignore it, but it's there. However there's no reason to panic just yet, just be prepared for any scenario. This should make things clearer for you. Also remember about macro view :)
Entry: Buy at--current price-- and below as long as the price is above the upper trendline SL: 1.250 (~5%)
The price broke out of the formation and is currently consolidating on an important level (0.4066). Claiming this level should trigger more buying pressure. -- NOTE: In general altcoins started to be more sensitive to bitcoins moves which means some sort of uncertainty came to the market -- TP: 0.4845 (~20%) TP2: OPEN++ SL: 0.3765
This is almost a perfect textbook example of Elliot Waves inside of a symmetrical triangle/bullish pennant (whatever you want to call it, I don't know) The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down. Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a...
EPS (Ellipsis Finance) is a DEX based on Binance Smart Chain. The price broke out of the formation and got rejected at 0.5855. Personally, I would prefer to see a reclaim of this level before entering, but given the current market conditions I think it isn't a bad idea to start scaling in now either. Previous daily close level for SL: 0.5045 Important...
Long-term Buy: current price(1.16) and/or wait for pullback(ideally when btc pulls back as well) and as long as it holds above the upper trendline, buy any dip after TP1: 1.33 TP2: 1.43 TP3: 1.64 TP4: 1.85 TP5: 2.15 (~85%) TP6: OPEN++ SL: 1.024(~12%) but will move it accordingly to avg entry price
After my previous publication the price had a breakout attempt, but it was rejected (that was expected). Now- If the price manages to stay above the area of highest volume, we may see another breakout attempt soon. Otherwise, it will go back to accumulating with occasional spikes and this phase could last another weeks, months, who knows... If the momentum is...
Here's macro view of BINANCE:DATAUSDT -- No comment needed I guess -- >> See my previous publication for local view ------------------------ Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It...
Bearish divergence visible on MFI and RSI. For now it seems like there's not enough volume to back this move. I'm waiting for the price to break through the upper trendline, will see what happens next. Added to watchlist for now.
This is the 3rd breakout attempt and there was something weird going on volume with this one, I don't know what it was, but I will take the risk here trying to catch maximum bottom of this move with a tight stop loss.
Ladies and gentleman, I hope you have a lot of spare usd to spend. HNT had a relatively decent reaction in the bottom area of the channel (compared to other coins) which signals that some sort of buying pressure is still there. Is the bullrun over? I don't know. Is bottom in already? I don't know either. Of course going long right now is tough as everyone is in...
The price is testing previous highs level (4.731) inside of bullish pennant formation now. A lot of potential here. Entry: average buy current price (4.86) - down to 4.25 SL: 4.14 (~8%) 3.69 (~18%) TP1: 5.38 TP2: 6.07 TP3: 7.29 TP4: 9.41 TP5: 10.85 TP6: OPEN++ Remember about risk management, especially that BTC has been quite volatile lately.
There's not much price history on tradingview, but ERN is moving in an ascending channel formed 23/05 - 07/07 (2021) and is currently bottoming inside of it. Even though bitcoin pulled back yesterday, the price doesn't seem to care about this fact at all, as it's consolidating on a local support. (sign of strength) MFI bullish divergence is visible across all...
First signs of weakness visible on lower timeframes. Bearish divergence on OBV/MFI/RSI indicators. The price can still go for one more leg up to reach the middle of macro parallel channel, that wouldn't be a surprsie. Scaling in with some shorts.
If bulls manage to defend the key level (3.713) the price should attempt a breakout next. Otherwise we might fall down back to the bottom of the channel. Entry: buy 3.8 -- 3.7 TP1: 4.057 TP2: 4.226 TP3: 4.431 TP4: 4.646 TP5: 4.939 TP6: 5.272 (~41%) SL: 3.523 (~6%) 3.371 (~10%) Remember about risk management, especially that BTC has been quite volatile lately.
It doesn't get more obvious then this. If 1.1382 (previous high level) holds- up we go. Buy: 1.24(current price) down to 1.13 TP1: 1.43 TP2: 1.70 TP3: 2.72 TP4: 3.16 TP5: OPEN++ Remember about risk management, especially that BTC has been quite volatile lately.