ranadagger

ranadagger

ZILBTC is in a strong uptrend. It has not broken below the 20-day EMA since April 12 of this year. Currently, the cryptocurrency pulled back to the 20-day EMA where it has found support. It is attempting to resume its uptrend. We can buy it at 0.000018 and keep a stop loss at 0.000016. The target objective is a retest of the highs at 0.000024. The risk to reward...

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BTCUSD is forming a bearish descending triangle pattern, which will complete on a breakdown of the $6425 levels. Such an event will turn out to be hugely bearish for BTC. However, with the 50-day SMA flat and the 20-day EMA falling marginally, the immediate support of $7760 should hold. If it does, a move back to $10,000 is likely. A break out above $10,000 will...

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BTSBTC ran up in end-April, post which it has completed a pullback. It has taken a strong support close to 0.000027 levels and is currently turning up. It has crossed above the 20-day EMA, which shows that buyers are willing to pay a higher price to own the cryptocurrency. It increases the probability of a move back to the highs, close to 0.000044 levels. Hence,...

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WAVESBTC has broken out of a long-term downtrend line that was in force from the start of this year. There was a bearish crossover on January 21 and since then price has remained below the moving averages. Price broke out of the downtrend line on April 15. Thereafter, the pullback on April 21 and 22 took support at the trendline and at the moving averages. The...

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SANBTC is forming a rounding bottom formation. Yesterday, while most altcoins were falling sharply, it held its own. It is close to breaking out of a major resistance at 0.00022889, above which, it has a clear path to 0.00031. However, the trade should be only attempted once SANBTC breaks out of 0.00023 levels. The stop loss can be kept at 0.000195, just below...

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Though XMRUSD is trading inside a descending triangle, which is a bearish formation, the lows of about $150 have held since end-December of last year. Currently, the cryptocurrency is making a move higher after finding support at $161 on April 06 and 07. We can expect the current move to reach the downtrend line of the descending triangle, which should be just...

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GBYTEBTC has been in the dumps for a long time. However, the chart points to a likely bottom. After staying below the horizontal resistance for a long time, price has broken out and sustained above it. The 20-day EMA and the 50-day SMA are also on the verge of a bullish crossover. If the sentiment in the crypto universe remains neutral to bullish, we should see...

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Price broke out and gave a thrust bar. Price has come down and a retest of the breakout area at 1.1197 has held. Price should give a move up with a good risk-reward trade setup. Enter long at current price of 1.1204 with a SL at 1.18. We have a consolidation followed by a break. Should be positive.

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After a brief consilidation, we saw a thrust bar, the high of the bar is 1.2200, after a small retracement a move above 1.2200 will offer a buying opportunity. The SL for the move can be placed at 1.1800 just below the thrust bar and the first target is 1.2600 and the second target is 1.2800.

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Long on EUR USD as price is taking support at 1.11 levels. Will wait for prices to move above 1.12100 levels before initiating the long. I am very bullish on EUR/USD as the ascending triangle at the bottom indicates a likely bottom. This is a preemptive trade to enter at the lows.

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We are seeing a nice symmetrical triangle form after the initial drop from resistance levels. The top is almost a double top formation. The daily moving averages have turned down nicely. As the prices moved down and have formed the triangle, likely breakout is expected to be on the downside. Triangle is a continuation pattern. If the prices breakdown below the...

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This currency pair is in a trading range. It looks ready to return into a trading range again. A double top is in place on the 60 min charts, the sequence of higher highs and higher lows looks in danger with prices going below the support of 1.5400. EMA's are also turning down, waiting for a retrace to 1.5420 levels to short keeping a close SL of 1.5440. The...

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This pair has given a good pull back to the 50 EMA and also has taken support at the uptrend line. From a risk reward perspective, it looks like a good buy. We will wait for the price to turn back up above 1.1324 levels before going long, SL can be placed just below the uptrend line and 50 EMA.

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USDCHF broke out twice from symmetrical triangle and faked out traders. It has again broken out of the triangle and is looking like a good buy. Will buy it from a short term perspective at current levels of 0.97816 and stop will be at 0.96800

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An ascending triangle formation on the hourly charts. Should give a retest of the top at 125.3 if it were to cross 124.58. SL can be at 124.2 once the breakout occurs. If ascending triangle formation is broken, we shall wait for the next signal as bullish bias in the near term will be negated.

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We should see a move to 0.99 above 0.98. A breakout above 0.99 will be very positive. Trade with a positive bias if 0.98 is breached on the upside. Once 0.98 is crossed SL of 0.975 can be used.