Monthly chart triangle XRP is reaching apex We can see this monthly triangle that xrp has been forming since 2020 is nearing an apex. We can also see that, barring some sort of black swan, XRP is fairly unlikely to stay above 40 cents based on the extremely solid support of the triangles bottom trendline and the fact that the monthly 100 ma is now overlapping that trendline for double reinforced support. The top trendline has the 3 touches needed to be a valid line so it is suggesting a measured move of over $2. Of course being a monthly chart pattern it would likely take may months to reach the full target. *not financial advice*
100ma
Dotusd chartSince I posted a chart on the dotusdt pair showing the double bottom and the bearish head and shoulders pattern, I also wanted to post a polkadot idea that showed the bigger inverse head and shoulders pattern thats still very much in play as well. We can see how dot did a very convincing fake breakout above the neckline before dipping back down below it. It’s common for price to go above the neckline multiple times and then back below it in between those times before the actual breakout, usually it doesn’t go this high above the neckline without validating the breakout, but let this chart be a rare example that shows it can happen. We can see that the weekly 50ma in orange and the weekly 100ma in yellow is currently holding double reinforced support and could easily end up being the lowest part of the right shoulder of the inverse head and shoulders. On the previous dotusdt chart that I posted shortly before this one (which I will link to below) you can see the weekly 50 ma is double reinforced support with the top trendline of the channel also suggesting the bottom of the right shoulder may be in. The top trendline maintained support on the usdt pair but we can see price action had dipped below the trendline here on the usd pair and is still currently just below it. Need to reclaim that trendline as support on the usd pair too to help insure we won’t breakdown from the bearish smaller head and shoulder I posted on the usdt pair chart. *not financial advice*
$SPX to 2950I don't see a reason why $SPX could not sell off to 2950, which is a 100 MA on monthly chart. Got there in covid and much below in 2009 also. RSI is still high on monthly, and fisher transform indicator can go much lower. I'm just keeping an opened mind to possibilities. Let's hope it won't happen but there's not much reasoning for me to think otherwise.
"GNO" gnosis chain releases gnosisscan.io confirms 100 MA as supGnosischain has released the GnosisScan a block explorer and analytics platform for
@gnosischain which uses the $xDai token for stable transactions.
gnosisguild is the launch of zodiac.wiki, an open, living resource for DAOs
the wiki's home to a library, docs, and a pattern language describing problems & offering practical responses so as you can see GNO has plenty of catalyst to breakout.
Dangerous Call On The WeeklyBeware of the 100ma and 200ma that are about to cross. I know that Moving Averages are so called "Lagging Indicator', but see it for yourself. This could turn even more bearish and might confirm the actual bearish bias even more. This does not mean it stays that way for another 2 years, no. This is just what we have to expect after the long bullish trend we had until May, and as a matter of fact it just confirms the Major Correction Phase , or just call it an accumulation phase before we head straight to Mars.
AUDIO/USDT Downwards trendline broken. 100MA as next targetAUDIO broke out of the downwards trend indicated with the yellow line.
The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance.
Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise.
Middle target is 2.7$ and the ATH target is around 4$.
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Basic rules:
- Never buy the top/ATH
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Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ETHUSD 2 buy signals incoming for tonight and tomorrow 20MA is very close to crossing 50MA and 100 MA.
The 20 over 50 cross will probably happen during the night (a time which whales like to make moves). That's usually a small buy signal, but given the regain of strength of BTC lately expect anything.
The 20 over 100 probably by tomorrow. This is a bigger buy signal that will probably break us out the wedge finally.
Note that these are bullish scenarios and that you should always prepare for the worst.
Hopefully I'm right :)
Updated TA for BTC USD Trend Bullish or Bearish ScenariosGreen dots: trend if resistance is broken at $36K
Green dashes: trend if resistance not broken at 36K AND base of triangle not passed
Red dots: Trend if resistance is not broken at 36K AND base of the triangle passed
Green circles: Buy signals
Red circles: Sell signals
BTCUSD TA bullish and bearish scenariosGreen dots: trend if resistance is broken at $36K
Green dashes: trend if resistance not broken at 36K AND base of triangle not passed
Red dots: Trend if resistance is not broken at 36K AND base of the triangle passed
Green circles: Buy signals
Red circles: Sell signals
Chart still correct > BTC moving towards 48K regionBTC is still finding a lot of resistance against the fibonacci circle line and we are gently moving towards my 48605 entry point. I'm laddering my position from 50890 all the way down with incremental size. This will also hit the 100D MA which will serve as a strong support level. If that doesn't hold it's not gonna look pretty.
EURNOK 4H 375pip SELL - For week starting 29.3.2021What's up please comment what I can do better.
I have spotted a smaller head and shoulders pattern (0vert last 8 days) forming on the a pull back of the EURNOK downtrend which began this time last year. The 1D trend line (orange) was recently broken up and then back down, the most recent wick up failed on the 25th and lost momentum suggesting a considerable number of swing buyers have left the market, allowing the selling pressure to increase. The 100ma is in our favour as well as the TDI indicator which is turning bearish overall.
We're looking for solid confirmation of the neckline and the 100ma being broken (especially whichever comes last) before we enter this as price could simply be ranging irregularly and catch us out. Be careful entering this on Monday as there's more fakeouts at market open. If you get in this trade around the entry shown on my screen, I would set: TP1: 50pip TP2: 90pip at fib level 1.000 meeting the yearly low and TP3 at 375pip @ fib level 1.618. We're likely going to see a rejection of fib level 1.000 so make sure you break even at tp1. SL at 40-60pip.
If we hit TP2 definitely keep a runner as we're on a downtrend and want to see monthly and yearly lows broken.
Be careful my slimes
Vince / Vmoney
LBA/BTC - E2E setupHey all nice E2E on LBA/BTC it looks bad based on the daily candle but BTC dumped out which usually causes this to happen, 2 it gave time for the 100MA to be retested along with the kijun and tenkan.
I like the look of this, the only part that looks so so is the chikou span, but still good R/R of minimum 3R stop loss around 120sats just below the cloud you can also put it higher if risk averse at 125 but you could be whipped out easily.
Entry: 128- 131 sats
TP: 170
R = 3
SL: 120
Trade, Chart, Learn, Repeat
AUDC LONG 42$ Target Idea to buy NASDAQ:AUDC at 35.5$ per share after the price drop down to 35$ .
The price reach the 100MA line(purple) and Fibonacci 50% . This is the time to buy when the stochastic is "Oversold" at 1H chart. Prepare to take profit at 42$ not in one shot, but in two or three levels.
Potential Massive MovementOur Nov. 25th Inverted H&S took us to $7850 Before Forming a new top resistance line for a symmetrical Triangle.
Neither Wicks On Dec. 4th broke this Symmetrical formation and we've continued to bound up and down as Volume has tapered off.
A Measured Move Break Out Would Take Us North Of The 2019 High Descending Resistance line of our channel if the bulls take control.
A Bear Move Would Technically keep us within the channel but exhaustion at that point would more then likely lead to Sub-6k prices.
With the Symmetrical Triangle Almost being full and Dec. 9th marking the weekly golden cross, expect this move within 48 hours.
LTCUSD: Another Ascending Triangle on 4hr Like ETHUSDSimilar to ETH's ascending triangle that developed in past two weeks, Litecoin against USD on the 4hr is in a much cleaner bullish ascending triangle while facing resistance at the 200 MA. The 50&100 MAs have already had a bullish cross, oscillators are looking bullish. Will open a position above $73.25 (above previous swing high) with tight stop loss at $69 for a 2:1 ratio. Horizontal resistance levels around $79-82 with the measured target for the triangle breakout at $82, shown by the golden line.
Perfect Rejection Played Out ? What will happen now ?Hello Hoomans.
I'm making a part 2 of my TA because my previous call was perfectly on point, so i'm here to catch up with you guys.
As you can see on the daily charts both of the sticks got closed below the line showing a great resistance in the weekly and daily chart, and that was exactly wat i called on my previous TA (test of the 100MA weekly & 350 daily)
At this point i'm very confident it is topping out but i'm not leaving out any retests at this point, if bitcoin holds support at the 5350-5400 there is a big chance that may happen.
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