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Andrew's Pitchfork

$ADAUSD - Cardano is targetting 0.1247Hi guys! 👋🏻 🔔 While Cardano is working on it’s complete transition to DeFi, ADA/USD made a significant breakout. Yesterday cardano was trapped between two Moving Averages, MA100 and MA200, today it’s traded at $0.10800, above MA100. 🔔 ADA/USD is still in a correction phase and deeper downtrends may continue, especially when Bitcoin dominance rises higher. However, before that occurs I’m expecting an uptrend towards $0.12259 - $0.12478, where it will meet important resistances and Fibonacci 0.618 level of the last drop. 🔔 There is a strong resistance at $0.10830, above which there is another area of resistance at $0.11307 and a monthly high - $0.11383. If Cardano closes above the 0.10830 I don’t think the monthly high will be able to stop it from another jump. 🔔 The MACD indicator on both daily and 4-hour chart reflects bullishness of ADA/USD, Moving Averages on both timeframes show a great support of the uptrend, however one should also consider levels of supports and resistances and do not trade with a blind trust to indicators but use them as an auxiliary confirmation tool. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITTREX:ADAUSDLong
by azizelliott
$EURUSD - Elliott Wave analysisHi guys! 👋🏻 🔔 EURUSD continues to move within the uptrend channel. The movement from October 15 was impulsive, therefore it makes sense to wait for a further upward movement. 🔔 At this stage, in my opinion, one should wait for the break out from the symmetrical triangle, which in turn foreshadows the end of the correction, and open a long. 🔔 If the price breaks below the lower edge of the triangle, then wait for the price to fall to the Fibo level of 0.618, which is placed at the lower border of the channel, and if the price can stay above this border - go long. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
Good r:r on long EURUSD positionprobable reversal point suggested by a 3 trendline intersection point, an RSI divergence and the base of a big Andrew's Pitchfork. Nice risk reward ratio since the SL will be positiond near a tiny swing low structure but the target is far away towards the center of the pitchfork and another 3 trendline intersection point, one being very important since it's the daily resistance (and it would make the third rejection, usally the most valid one). I think this would make a good trade as we wait for the major reversal on the upper daily resistance (see my previous post). Leave a like if you like...money. XD
Long
by PinkiePips