Currently Bitcoin is trading above a minor S/R area and between two trend Support & Resistance !
from here if Bitcoin don't break down the minor S/R level then bitcoin can go from the current price to as high as 10400$(Octuber 2019 & February 2020 High!)
if Bitcoin break down the minor S/R level then it will get supported by the uptrend support area(8900-9000$)...
Ethereum is currently trading in a Important Resistance area!
If it breaks upside the resistance it will go more higher up to 290$
But, If Ethereum can't break through this resistance and breaks the trend support, we can see Ethereum again in 150-160$ level.
We can also see a bearish divergence in RSI, it's not fully confirmed yet! We need to see how the...
Tezos broked upside the Trendline or Trend Resistance, although volume is very less, this indicates a Pullback must occur.
Wait for the pullback to occur then Buy/Long
Profit Target : 10-12%
Put stop loss below the previous low.
Risk/Reward : 1 : 3
Currently XTZ is trading inside a symmetrical triangle pattern !
Recently a bearish MA crossover occured and it indicates that the chance is higher that the breakout will occur below the triangle !
I am already active on this trade; entered on the trend resistance of the triangle.
Stay Tuned !
You can wait to enter long in support level.
Profit Target 1 : 5%
Profit Target 2 : 10%
for short term you can take a short trade now to gain a 5 % Profit but it will be risky! So better wait to enter long!
Ethereum is trading inside a bearish channel, now price is near the resistance of the channel | If price can't break through the Resistance and can't stay above the trend resistance then we can consider initiating a short a position. The trend is already bearish.
Risk Reward Ratio (RRR) = 1 : 4
Ethereum is trading inside an ascending channel for more than a month but there is a main downtrend and this will act as resistance now and there is a main Horizontal Resistance area of 192-200$ and price is near a Pivot Resistance.
So, we can say Ethereum is trading in a very strong Resistance area so a minor correction must occur in this level. RSI bearish...
Short if price can't break the trend resistance along with pivot resistance !
>>Waiting for entry!
Entry Price : 2.71__
Exit Price : 2.53__
Profit Target : 6.50% + (6.50% * 2X Lvg. = 13% Profit)
Stop : 2.25%
Expected time to make the target is 2day after taking entry.
Cup and Handle Chart Pattern Tutorial with Example below !
Stay Tuned ! In the next educational post i will write about psychology of trading Chart Patterns and strategy of How to successfully trade few chart patterns in detail.
Cup & Handle : Cup & Handle Pattern can be seen both as a bullish continuation or bullish reversal pattern. A bullish...
Pennant Chart Patterns Tutorial !
Pennant Pattern : Pennant Patterns are continuation chart pattern, forms when price of a security or asset makes strong upward or downward movemnt followed by a consolidation period with converging trendlines which forms a pennant before continuing to move in the same direction. Bullish pennant forms in a bullish trend market...
Bull & Bear Flag chart patterns Tutorial!
Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when...