Link Micro TA ascending wedgeKind of a mix up between the most important Macro trend lines and some Micro TA (ascending wedge) I see a very bullish sentiment.
Coins
Parallel Ascending Channel on NWC Creates Great Long OpportunityHi everyone,
In this analysis I want to keep focusing on NWC, one of the smaller market cap coins that I discovered recently that has a lot of upwards potential.
After a very successful previous idea of looking at the confirmation of the bullish retest we see that the technicals can give us a good indication of how to trade NWC Newscrypto.
Right now the price is trending upwards inside a parallel ascending channel. Whenever you trade channels it's important to find a place with maximum risk reward. For this, we can use the age old buy low sell high principle.
The best place to enter a trade is when the price bounces off the lower support line. We see that the price is EXACTLY at the lower support at the moment, giving us a great opportunity to buy low.
The sell can be defined by many different indicators. You can choose to enter a scalp trade and hold it for a few hours towards the upper resistance, or you can choose to use it a great entry for dollar cost averaging into this asset to hold for the longer term and aim for profits of 50% and higher.
Combining with the fundamental analysis we see that today new functionality was added where users are now able to leverage apply pay to buy NWC tokens. This will bring greater accessibility to this coin to a large audience of all 1 billion apple pay users. Since NWC was only available on KuCoin (and HitBTC but I suggest to buy it on KuCoin) this could lead to a large influx of new users and therefore an increase in price.
I suggest a long position here on NWC. Good luck!
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Disclaimer!
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Bullish Retest Opportunity on NWC In this analysis I am going to break down all the most important technicals on NWC/USDT and explain how to make use of all of them to come up with a nice 3+ risk reward trade set-up.
After the price has been coming down from the all time high we see that two major horizontal support zones have been formed. The lowest one (level II in the chart) has just been confirmed twice, with proving very strong support.
The highest one provided support earlier on in the chart but now got broken recently around the 1st of October. Bear in mind however that all altcoincs went down recently and that a drop in price of any altcoin is not necessarily due to the company's performance but might also be due to general market conditions.
Even after the price breaks through a zone you can still keep the zone on your chart as the area might be useful later. In this case we see that through an S/R flip the old support zone will turn into resistance first, and now potentially into support again!
I will monetize on this scenario in this trade set-up by suggesting a long position using a bullish retest on the 4h.
For this trade I suggest an entry near the horizontal support zone at the first level. This is the most logical place for a change in momentum on NWCUSDT.
For the stop loss I would look at the second level horizontal support. This is a stronger support area that held many times before, so the chance is relatively low that the price will go below it.
For the take profit, the most logical place for the first target would be near the previous ATH, giving a potential profit of 51%. Beyond target 1, we reach the moon area where no clear technicals can give us profit targets. Simply hold beyond this level for unlimited potential.
The total risk reward for this set-up would be 3.16.
If we look at the fundamental side, I highlighted a few important events on the chart that explain a few price moves. Previously I mentioned the Vera Chain audit that caused a major increase in price.
Today we can see that the Apple Pay announcement caused the price to increase by over 20%. The logic behind it is obvious, as more payment methods are being added more and more customers are able to buy the NWC token, increasing the demand while keeping supply stable. This shift in classic economics will always cause the price to go up.
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- Trading Guru
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Disclaimer!
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ADA/USDT Wait for THIS To Happen Before You Enter A Trade AgainADA is not in a good spot at the moment to enter a trade, check out the chart to find a clear explanation on when and how to trade ADA.
NWC/USDT - When Technicals and Fundamentals AlignHi everyone,
The Trading-Guru is back with an analysis on NWC. In this analysis I mix things up a little bit and cover NWC/USDT both from a technical and a fundamental point of view.
There are two important horizontal levels on the chart. The horizontal resistance zone marked by the ATH at around 28.5 cents and the horizontal support zone of around 18.5 cents.
As this coin has a relatively low marketcap there is high volatility and even a "scalp" trade between support and resistance can already yield 30%+ as shown by this trade set-up.
Now, normally I would've suggested to wait for the price to drop to the support zone and buy there. However, besides technicals there are other factors at play here that influence the price.
Especially on lower marketcap coins it is important to keep an eye on more fundamental things cause they have a high probability of influencing the price. Today you can see that NWC has had an audit by Vera Chain which went successfully. As a result the price went up already before the support zone was hit.
Now after a few hours I think we can safely say that the reversal has been confirmed and I suggest to enter a long position here on NWC.
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- Trading Guru
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#Ethereum BULLS - It's done with the drop Aftyer lasty nights disappointing drop (Dropped during the early morning hours in the U.S.) The RSI is rounding the corner. Also the 50 MA for the 4 HR time frame is just below. This could be a swing move.
Yes that box is the box I am in on my metatrader4.
Guide to Trading BTC During CONSOLIDATION - By Trading-GuruHi everyone, in this technical analysis I will share how to trade BTC in this consolidation phase. The price is relatively stable and the volatility per candle has dropped significantly.
Also at 100eyes we can see that way less alerts have been given in the last week compared to the month before. The price moves less fast for any coin at the moment.
I have a few suggestions on how to trade during these moments. Make sure you trade smaller fractions of your portfolio and focus on scalp trades mostly inside the yellow area while you hold your larger positions for trading the breakout.
The reason behind this is that once the consolidation is over, BTC might make a very large move. A move upwards will pull all BTC pairs down immediately. A move downwards often results in a major drop in the entire crypto marketcap and also results in lower BTC pairs.
This is why you'd want to tread carefully and for instance only trade up to 50% of your portfolios worth. This will mean you will have enough money left to trade the larger positions when the actual moves begin.
The second advice is about the duration of your positions. If you enter a trade, do so with the aim to leave the trade within a good few hours or so. Time in the market is relatively dangerous at the moment, but there are great short term scalp opportunities.
The two opportunities that I highlight in the chart above relate to a short position and a long position within the horizontal parallel channel that BTC is in right now.
The channel is roughly between $10,500 and $9,750. Even though these trades are scalp trades only, they still provide a nice 5% opportunity on both ways.
Make sure you set the stop-loss directly outside the channel to minimize risk.
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BULLISH!!! Bitcoin is heading for NEW ATHI strongly agree Bitcoin will make a new ATH before July 2021. Maybe this year but this coin look so perfect. Market cap is increasing more address is being created each and every day. More people are buying into this coin. This coin has a whole meaning in the world now. Ain't no way we BTC will come crashing down. BTC IS NOT A BAD INVESTMENT!! Very safe and best investment there is actually. I do not do ALT'S only thing I trade is BTC AND ETH for the past 3-4 years.
BTC.D GO BIG OR GO HOME!Theres no better news for the alt coins!
They trade really well when this is trending lower so make it count!
At some point this will do a bearish retest and alt coins will suffer.
Trade thirsty, my friends!
CRYPTO TOTAL MARKET CAP - YOUR IMPORTENT CHART EVER NO WORDS, FOR NOW, FOLLOW THE CHART, UNDERSTAND YOUR LINES
ETH Looking for a Breakout.. and RetestShould break out of the daily Triangle and retest around the 250-249.10 area to go long.
DASH mit weiterem Aufwärtspotential!!Zum Wochenabschluss noch ein weiteres Schmuckstück mit starkem Potential.
Charttechnisch ausgehend vom Allzeithoch dieser Währung bei über 1300€, steht der Kurs aktuell bei etwa 70€.
Der Coin ist zwischenzeitlich sogar bei 30€ gewesen, wo er wie ich vermute auch seinen Endpunkt gefunden hat.
Seitdem gab es einen ersten Aufwärtsimpuls der sich aktuell in einer seitlichen Phase befindet.
Im Gesamtbild sehe ich hier nicht unbedingt eine Korrektur in Richtung 30€ zurück.
In meinen Augen ist hier die Trendfortsetzung in Richtugng 160€ erstmal wahrscheinlich.
Happy Trading :)
Bearish Channeli expect price reversal at support 0.60393
but for now lets wait for another selling
opportunity at retest when price meet with
either resistance 0.60775 or trendline at
0.60931... one can place sell limit between
these levels
LTCUSDT Another PerspectiveWatch out for the white zone, i believe that zone will act as a super solid support.
I don't expect a rally from here immediately, it has to consolidate and wait for BTC to pull itself together but I also don't expect dramatic new lows either.
LTCUSD Long Term PlayThis count possibly still valid. I shared this via my twitter account a week ago or so. Despite the latest sell-off I still believe this bigger play is in the place and valid.
LINKUSDT Possible 2 ScenariosI expect a price behavior something like either sky blue or yellow lines.
Blue line has more weight in my opinion, but one should be prepared for the yellow line like alternative scenario.
$ETH Weekly Levels - Can We Go Even Lower?Seems bleak. It is Bleak. But longer-term the interest within ETH may well change going from POW to POS. That could majorly change everything.
7th December is a key date with a fork. But throughout 2020 ETH will be looking at improving its scalability. Then people will be turning to it again...
Bitcoin Sideways Action [Inside: ETHUSD, BNBUSD, XRPUSD]Hello
The price of Bitcoin continues flowing inside small range 7800 -- 8600.
Let's take a look at some altcoins:
Ethereum vs. USD showing downtrend resistance but hard to find a good trade in this range:
Binance Coin vs. USD looks good, we can see continuation setup:
Ripple vs. USD shows different setup, it going up in channel, looks like soon it will be broken:
Good luck and have a good profits!
Please write in a comments what coins you like to trade now?
