Conversion line crossed the base line. All signs (except for OBV) are pointing to bullish action. We will have to wait and see! Exciting times. There's going to be alot of money made or alot of money lost in the coming days.
I hate to say it because I love ETH and I have bags for the long haul.. but it's very possible that ETH shaves 200-400 dollars in a day or two. It could completely reverse the uptrend, but with all it's momentum I highly, highly doubt that.
Nevertheless, my loyalty is to my profit and I'll be eyeing ETH very closely the next week to see if I will follow through...
We will need to wait a smidge bit longer for confirmation.. but I am convinced that LINK is about to make a tear of a run - very soon.
I am sharing something I normally would keep to myself due to the amount of time this analysis took me. But here you have it...
(Not financial advice - your mileage may vary. Here is what I, myself am doing)
Anything can happen... so sit this one out if you are unsure. This is simply what I see...
4EMA crossover + confirmation candle.
Buy limit: Right now
Stop Loss: right below previous support line
Take Profit: Wait and see. A full fledged reversal will see 75k.
ORN-USDT just released some great news on their blog. Check it out.
This project is amazing and I'm super bullish on it. This chart shows a breakout of a bullish divergence between price and the macd/volume/rsi has already happened.
Buy in target: current price
Stop loss: none
Take Profit: I am keeping for the long term. I see $100 easily this year.
Ethereum is the future. If you are not in yet then hear me now... GET INTO ETHEREUM. Heavily. I firmly believe 40-60 percent of your cryptocurrency portfolio should be in ethereum alone. Now onward to the analaysis...
I made this chart cleaner and easier to read than normal. It's a classic bull pennant, with massive upside potential. If we use the previous...
Here is another view of the bearish divergence on the 1 hour chart with MACD this time.
Volume: Down (lower highs)
MACD: Down (lower highs)
RSI: Down (lower highs)
Price: Up (higher highs)?
Open your short entries now at current price ($227.00).
Take profit 1: $202
Take profit 2: $180
Take profit 3/long term strategy: $90
Chart shows a bearish divergence.
Lower volume, lower RSI tops, but higher highs with price.
It might pump a little higher but heed my warning, this is going to be a disaster for anyone who buys in. Short the heck out of it!
Take profit at 180 conservatively, or take profit long term at 90-120
Enter into trade anytime while ADA is low.
It has strong fundamentals, including support for smart contracts and an established community along with staking rewards.
ADA is THE coin that will be a serious contender with Ethereum and Bitcoin. This trade setup is based off the 1 week chart.
Stop Loss: 0.978
Take Profit: 2.52
If it closes above the triangle on the 4 hour and the daily then I believe the next stop will be $1.60. Long term HODLERs could easily see $2.00 and beyond. I have a tight SL on this play at 1.20 because of the tug-of-war going on with bitcoin. Either scenario is possible - so this is a pretty high risk/high reward play. 10% of portfolio at tops.
If volume and price action validate, then link could hit retracement overlap levels of 30.75 or higher. Set stop below bottom trend line - volatile times right now! But for the short term my take profit is 25.49.
I extended the fib lines as far as they would go - to 4.764.... when 1.000 is normally the cap. Look at how high above that 4.764 line BNB is right now! I am becoming convinced that Binance is artificially pumping BNB coin from within. There's no other explanation for this. Even with bitcoin volume doubling - so you can assume BNB's price of ~35 to doubling to...