Crpytocurrency
EURGBP A Strong BUYOver the last 24 hours the pound has pushed down in line with the trend, with no real fundamental driving factors or positive GBP news, we expect a hard turn in this area and the Euro to push back to the 0.90500 level at the top of the trend channel. We are long in the trade. Good Luck
AXS Breakout Setup | UptrendAXS cryptocurrency token is holding the price here and ready to move higher breakout above will send price higher
axie infinity price today is moving in perfect triangle pattern.
Axs coin coinmarket rank is around 255 and also very small market cap is around (30 million) it can move really high from here, low supply and small market cap can give huge return in small time and also easy to pump because of small market cap.
Trend line support is holding perfectly so you can buy small amount at the retest .
breakout above 0.61$ , buy the breakout above than ladder buy till retest.
XRP/USD: AnalysisXRP created a double bottom on the daily timeframe, price could head to 25 cent in the next few days! I'm sure XRP will rise because of the Presidential Election which is November 3rd, of course along with Bitcoin . I'm expecting a PUSH to the upside when the current daily candlestick closes in the next 20 hours along with the current weekly candlestick.
YFI resumes upward after possible completion of H&SYFI has made a good volume recovery. I will be waiting for the 8hr retest of the closest S/R line and a good resumption before going long. A safer entry would be the retest and resumption around the 21000 S/R line. It would also be above the EMAs at that point.
These Outcomes Can Move Bitcoin Into The Next Bull-Run-Phase!Hi my friends,
we are looking at the 12-hour timeframe bitcoin perspective, bitcoin has established heavy selling volatility to the downside which it is now consolidating, the current range is crucial for bitcoin , it will decide where the journey will lead in the end, therefore I detected the important structural elements together with the hidden Fibonacci-levels we should consider at the moment, what is important to note is that bitcoin already trades below its previously established pre-corona-highs which is not a good sign at all, however, this can change when bitcoin shows up with the necessary price-action considering further establishments.
Looking at my chart you can watch bitcoin developed this huge triangular formation where the upper boundary is marked in my chart with the lower-highs trendline and the lower boundary with the higher-lowes trendline marked in blue, these two lines will show the proper outcome and destination of bitcoin in the more long term perspective. Currently, bitcoin is trading below the important 60-EMA marked in blue in my chart where serious resistance is lying coming together with the pre-corona-highs trendline which is also resistance now marked in my chart in grey. These levels coming together and forming a logical and coherent resistance cluster marked in red in the chart where bitcoin has the high possibility given to confirm bearish to the downside to firstly set up and test lower levels. This can move bitcoin to finish its wave-count in the range, nevertheless, it is from high importance that bitcoin holds the lower boundary of the huge triangle sustainably because bearish pressure will increase below it when this does and bitcoin holds the boundary to bounce there it can indicate a solid possibility for bitcoin to confirm the triangle bullish which is more likely as more support than resistance is lying there.
Overall we need to anticipate that the pull-backs aren't necessarily over till now and bitcoin can increase with this pace again when the certain fundamentally important supports do not hold, when bitcoin closes below the lower boundary and the 500-EMA in green lower levels will be visited highly possible, in comparison to stocks we have a similar situation with bitcoin at the moment as the major SPX also tested the pre-corona conditions and fell below it the structure looks similar to bitcoin, we should not ignore these warning signs at all and look if and when these can reverse or if we get new bullish pressure to the downside, which will happen when the mechanisms do not show up as suggested.
In this manner, thank you for watching, support for more market insight, good day to you and all the best!
"If you have the conditions, you get the results."
Information provided is only educational and should not be used to take action in the markets.
Bitcoin, Bounced At The 100-EMA As Expected, What Comes Next?!Hello Traders Investors And Community, hopefully, everybody had a good weekend and welcome to this update analysis where we are looking at recent events, the current price-structure and what we can expect the next times. As I mentioned in the previous analysis bitcoin was trading on the wage of an important decision where it has to decide if the fundamentally meaningful important 100-EMA which you see marked in orange in my chart can hold or not and I described that there is a good possibility that it can hold which it has done now, if you did not saw this analysis already I highly recommend that you watch it by going to my account and look at, by the way, it is really good to see that our elite VIP signal trading channel is making good gains also in such a heavy low volatile period the cryptocurrency space trades at the moment where opportunities are normally a rare thing.
As you can watch now in my chart bitcoin is still trading below the meaningful lower high trendline that is marked in black in my chart which is still an important resistance for bitcoin where it is likely that bitcoin confirms it as resistance but as bitcoin has some strong support levels below not only with the 100-EMA but also with the falling support line which has a long time origin in the 2017 booming bull market this is a solid support level for bitcoin and as the low volatile period has not ended yet which the data says bitcoin will decide in the current range in which direction it will continue and break out. It is a fact that the breakout will be heavy and highly volatile when it happens as it is normally the case after such consolidation periods the price will determine a paradigm shift therefore it is important to take note and determine in which direction the breakout will happen.
Bitcoin Weekly Timeframe And Triangle Perspective
Considering the bullish side of things it is from very high importance for bitcoin to hold the 100-EMA and below it the 200-EMA you can see marked in orange and blue in my chart, these levels of support holding the overall bullishness and there will come bearish pressure with a high likelihood when bitcoin does not manage to hold these levels and falls below them. Therefore this ongoing consolidation you can see in my chart can serve as a descending triangle formation which confirms the bearish move to the downside. But when these levels of support hold bitcoin have some good potential to move higher but this needs to show some volatility as this is needed to establish a decent and healthy trend to the upside otherwise the trend is weak and can anytime turn to the downside when new supply enters the market which can hit inexperienced traders and kick them out of their positions in the market.
But in comparison with the whole cryptocurrency space and especially the altcoin market we can take not that bitcoin currently is a strong leading part as it is the major, there are other currencies which showing really weak sings like XRP or BCH that trade way below the established highs the months where bitcoin is still near, therefore it is important to what will happen to bitcoin the next days and weeks because it will also determine the whole other market and when bitcoin shows more downside and falls below the previous mentioned supports this will cause a high possibility for doomsday in many altcoins, in this case, there can pop up opportunities on the short side to trade and take profit of which we are looking at and then take possible appropriate action which will increase when new high volatile movements enter the market and possibilities for the direction increase in the schedule.
In this manner, thank you for watching, support for more market insight, have a great day and all the best to you!
The amount of good luck coming your way depends on your willingness to act.
Information provided is only educational and should not be used to take action in the markets.
Ethereum, Moving In Paramount Channel, Important Steps Ahead! Hello, Traders Investors And Community, welcome to this analysis where we are looking at the recent events, the current price-structure-formation and what we can expect from the next days and hours in the major second-largest market-cap cryptocurrency ethereum and invented by the super-nerd vitalik with an iq of 1056 who plans to launch ethereum second version which is expected to boost the demand in the ethereum network, if this is true we can not say at the moment but we can rely on the technical analysis for our purpose to profit out of potential outcomes and take the appropriate action when it is necessary. As the whole cryptocurrency space showed downside volatility in the last days where it is building a range currently there are some important conclusions and details I detected in the market and therefore ethereum is showing some important signals which can determine the further outcome.
As you can see in my chart ethereum is trading in this huge and paramount parallel descending channel where we touched the lower boundary after the breakdown from 229 to 216.5 which provided a signal on the short side because ethereum fell below the significant 200-EMA bearishly which was certainly a sign for more downside to come, as ethereum is now in a more or less recovery of the downmove it is building an overall range between the 216.5 and the 228.5 level here which can confirm bearish or bullish. Besides that it is important to keep in mind that ethereum just aprpoached the middle line of the channel which is certainly an important resistance, together with the 200-EMA and the 55-EMA it is building a coherent resistance structure here which can be confirmed as those when touched again in this level this means the price will have difficulties to move above this level and close above it.
Failed-EMA-Crossover Scenario And Bullish Confirmation (4-Hour Timeframe):
Furthermore, ethereum has an important key-level at the 228.5 which shows up in the higher timeframes which can proof as significant resistance, in this case taking all these factors into consideration we can come to the conclusion that ethereum is showing currently a more bearish environment than bullish with the strong resistance levels ahead and possible declines incoming but that does not mean ethereum is completely bearish at the moment this does only mean that the bearish scenario is more possible right now which can change with a definite stabilization in this range and a successful test of the higher levels in this case it is important to hold the last meaningful support factor which is the 400-EMA you can see marked in green in my chart which needs to confirm sustainable as support, when this support does not hold ethereum can show bearish increase to the downside and a test of lower levels within a high possible spectrum as you can see it in my chart and the more likely scenario A.
Compared to the rest market ethereum is definitely a weaker part at the moment as it is showing more bearish facts than the major bitcoin which is still holding above important EMAs and strong support levels, this situation is underlining the theory which I already mentioned and shows a sorting out of currencies where some showing bullish while others are bearish which will increase the spread between them further. Therefore it will be interesting how things play out here and if the more likely bearish scenario plays out rightfully. Friends, I see many people calling for a immediate continuation and a definite bull market for sure with break of support lines and a new all-time-high in two weeks which is really a specualtive approach at the moment and as sophisticated traders we should always keep an cool head to wage the possibilties, opportunities and risks in the right manner this means to be prepared also for the way around when the market does not show the expected outcome and be prepared for possible trend changes as they happen in order to advance and take an added value in todays global markets.
In this manner, thank you for watching, support for more market insight, have a great day and all the best my friends! ;)
Success is a science, if you have the conditions, you get the result.
Information provided is only educational and should not be used to take action in the markets.
XRP Daily LongsNot Sure If This Is The Correct Way To Use A Pitchfork
However, I Am Using The Zones Created As Bullish Channels
As I Believe XRP Has Bottomed, I Would Expect Price To Hold These Zones (Black & Blue)
For Confirmation Of The New Bullish Trend.
There May Also Be A 61.8% Retracement Due Around $0.16 - $0.155
However, We Saw The 50% Retracement Come Through From That Recent Spike To $0.175
I Would Like To See The New Daily Fibonacci 61.8% & 50% Retracements Come Through Around The Blue Box Shown
I Am Waiting To See Whether These Bullish Trend Zones Hold Up Over The Next Few Days
If So I Will Use Intra Day Time Frames And The Candle Closes On Those To Confirm An Entry
$Atom - Waiting patiently...then BOOMBuy zone is between the purple lines: range of 4.75-4.65.
1. Strong support at 4.75 on the 1Hr, with the 99 Day EMA & ICH cloud converging.
2. Bullish divergence showing on the 4Hr
3. Relatively neutral RSI
Do your own research and don't trade based on my information alone. Feel free to leave a comment below!
Link Shape looks interesting. 1 million UVU to buy . I would choose to buy some like next 300k of UVU (new coin) than invest houndreds on already famous coin from top to make some luckly 20-30%. For me its easiest to i best in promised project and wait few months to gain some like 300-500% from it .
Please read about my recommendation in new crypto market #UVU
BUY : www.hotbit.io
CHECK :https://coinpaprika.com/coin/uvu-ccuniverse/
SITE : ccuniverse.org
I am suggesting to invest in altcoin like : UVU which is new coin but with great perspective. Why UVU ? Because their unique vision based on crypto atm and recharge stations for electric cars . This european project got first successes behind them like listing on big Hotbit Exchange - You can trade there without K-Y-C so registration is easy and fast - brilliant model for less experienced users.
Look into it:
www.hotbit.io
Moreover the price is still cheap it means BIG space to grow . Team predicted that price for 1 UVU should be a round 0.2 USD in March and now its just 0.0028 USD !
Also the cirrculation supply isnt big so it also work for future profit because many coins could be in Yours hand for less payment .
Think serious about investition like this !
Also You will help to grow whole market because their mission to assimilate devices like Crypto Atm to local society .
coinpaprika.com
Check the chart :
8000-8145$ to tight stops and book some profitMorning guys,
Just minor update. BTC is approaching to our first target - H&S AB=CD pattern, based on the head and the shoulder. It stands at 8145$. Be careful around 8K area, because this is also daily 3/8 Fib resistance. So, some turbulence could appear around and reaching of the target could be choppy.
Once target will be hit - be prepared to downside pullback.
Ultimate target of H&S should be around 8.9K, which agrees with another daily Fib resistance. But whether BTC will go there or not we could say only when we see how market will react on first target...
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state.
This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level.
On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its resistance level. Also the halving often leads to psychological bull market sentiment. Stay cautious because many people are buying in, but market makers (whales/smart money, ect) might say otherwise.
I would like to see a consolidation of the golden .618 fib level act as huge support for further movement upwards. Just my two satoshis ! :)