ADA looking tired here and unable to break this resistance numerous times. I have taken a short position here. TP 1 - $0.515616 TP 2 - $0.503289 TP 3 - $0.490962 SL - $0.555522
The bull flag is targeting $0.5665088. RSI and MCD both are perfect to support this pump. Take TP at the Fib levels shown on the way. Good luck. NFA. DYOR.
Looks like it has reached the resistance at the top of the channel. TP 1 - $5.8835 TP 2 - $5.5588 TP 3 - $5.2340 SL - $6.86
Bitcoin has found resistance at $24,435. A pull back here will be a healthy correction. MACD and RSI are neutral at this point so there might be a slight push up. ENTRY - $23,740 TP 1 - $22,825.40 TP 2 - $21,829.60 TP 3 - $21,024.90 SL - $24,435.00
ETH has reached the top of the channel and starting to lose momentum. Entering short now with a minimum target of $1,438. MACD is starting to cool down. RSI is reaching overbought. ENTRY - $1703 TP 1 - $1,570.89 TP 2 - $1,438.94 TP 3 - $1,332.30 SL - $1,325
FTM has made a double top on the 4H chart so I am starting a short position here. ENTRY - $0.35 TP 1 - $0.3057 TP 2 - $0.2895 TP 3 - $0.2733 SL - $0.420 After TP 3 leave the rest to go on to the bottom of the channel and / or beyond.
4H MACD is starting to look tired and ADA is setting up for a fall. TP 1 - $0.457821 TP 2 - $0.434261 TP 3 - $0.403103 SL - $0.498210
BTC looks like it has formed an inverted H&S on the 15M chart. Low volume and in a mini down trend so play with tight stop loss. MACD is neutral at this point - we should see it at least give it a try. TP 1 - $23,588.9 TP 2 - $23.978 SL - $23,088.3
15M and 1H RSI has reset and looks to favour a pump. TP 1 - $24,108.7 TP 2 - $24,429 SL - $23,319.9
ETH looks like it is printing a head and shoulders on the 4H and 1D charts. Careful with your longs here. The neckline sits at $1,045, once that breaks we're going to retest $880.
I have been posting a lot of shorts since I joined TV. But this is only because I have not seen any low risk longs since. Here on the 1D chart we see that BTC is ranging within a pennant which looks like it's targeting $8,090. This is the same scenario that has happened many times in the past couple of months already. The blue area is where I believe the bear...
The 4 Hour chart is over bought. Momentum is dying and it looks like ETH will be on its way down soon. Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it. Small bounce expected once it hits #5. Entry Between: $2,053 - 1934.36 Take Profit: TP 1 - $1,792.41 TP 2 - $1,613.06 Stop...
The 4 Hour chart is over bought. Momentum is dying and it looks like BTC will be on its way down soon. Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it. Small bounce expected once it hits #5. Entry Between: $30,791.00 - $29,414.00 Take Profit: TP 1 - $26,736.10 TP 2 - $25124.80 Stop...
Bear Flag + Pennant + Bearish XABCD Looks like a trap! I wouldn't long here. 1 Hour RSI is showing over bought and 20 EMA is being rejected by 50 EMA. 4 Hour showing not enough power to grapple with the 20 EMA. Short entry point and take profits are marked on the chart. What are your thoughts on this?
Bear Flag + Pennant + H&S Looks like a trap! Short entry point and take profits are marked on the chart. What are your thoughts on this?
This weekly chart shows that the Weekly 20 EMA is about to cross below the 50 EMA, probably in the next few days this week. So far we've hit all the targets on the weekly chart for ETH. One more target left which takes us below $1,000 and I am expecting this to hit in the coming weeks. At the time of writing this ETH is currently being rejected by the 1 Hour 20...
Some targets for short trade before ETH is back on it's way up again.
If BTC fails to get back inside the red triangle to continue the upward momentum, it is possible BTC will go to 37.5k and retest the lower support levels. After successful retest of lower support we should see the price climb back up quickly again.