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Crypotrading

GMT - Potential buying timing!BYBIT:GMTUSDT 4H trend chart - GMT is converging and approaching to the downtrend line(resistance) currently. If price can break out the downtrend line, trading strategy as below. - Profit Targets: a) 2.7093-----Blue horizontal ray b) 3.1341-----Fib(1) c) 3.7059~3.9731-----Fib(1.272~1.382) d) 5.2362-----Fib(2) Stop losses: a) 2.0126-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
2
XRP 4H technical analysis #xrpusd #xrpA simple chart break down of the current xrp price action/structure. Over all we are bearish of course. After the markets across the board tanking after various news releases ect this is where we are at. Currently the way I see xrp is that its tapped into a major area of support at .52/55c. For me we barely dipped into this zone and I expect for us to push down further into this level. I also expect #bitcoin to fall further yet which will no doubt drag down the rest of the market with it. After we broke the $1 support we can see we've been putting in lower lows/highs with double top continuation patterns which of course is bearish structure. As we stand our last major lower high was at around .80c. As i said in my btc breakdown im still bearish on any market structure untill we get a break and close above its previous lower high. This being said we could retrace slightly from here, put in a new LH and then dump abit further into our support level. Always remember the market sentiment never changes untill major key levels are broke whether that be bullish or bearish. (Break of LH or HL for reversals) Watching this pair closely along with other to keep track of how we will go. Updates to come soon on youtube!
BINANCE:XRPUSD
by JakeChd
1
Is LINK back from death? ☠️Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 LINKUSD- weekly Time Frame - Candlesticks 📌 W Pattern - Elliott Wave - Support Resistance zone - Double Bottom 📍 LINKUSDT is showing us some bullish signs after a very long boring correction moves 📍 We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on : 1- The double bottom pattern that chart has created 2- The possible W Pattern in weekly time frame 3- Fibonacci retracement 0.23% 📍 Chart has also created a very huge asymmetrical triangle (which is also a bullish sign) ⚠️ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones 👉🏼 A very safe entry will be breaking the triangle: ⚠️ I do believe that we may see another retest of the current support zone after the retest of the triangle 👉🏼 Meaning that 27$-28$ price zones can be a big resistance level 📍 We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern. 📝 If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen. THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION GOOD LUCK NP TRADER
Long
by C_EWAVE13
5
AVAX/USDT starting to look bullish. Time to long? In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator. When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. I want to see more confirmation of this possible trend before making an entry. To enter a trade placing an order a few ticks above the candle high would be sensible. The idea behind this, is that we only want to enter a trade when it has shown a trend continuation. The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And it's forming its 7th today. It still has over more than 1 day and 7 hours before candle close. Is AVAX gonna be making a new ATH? I'll be watching AVAX like a hawk. Namasté Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
Cardano(#ADA) Sellers are losing Power 1. Looking at 4H timeframe, ADAUSDT have formed a nice bearish flag which may not dip lower from the last swing low. 2. Viewing from 1D timeframe you can clearly see that buyers are beginning to dominate the market but it seems the big player are waiting to see price hit the lower bounds of our channel before they come to pump the price to a new swing high. 3. Potential target would be a touch of upper bound of our channel 4a. I may buy and and hold now 4b. I may also buy again when price dips to complete the bearish flag setup spotted on 4H (history have shown that this setup more often than not gets completed) + 1D time frame shows that price need to kiss the trendline for buyers to completely take over 5. I will add stop loss way below my potential new swing low. 6. Please comment let know know what you think. PPPDirhams. Disclaimer: This is just my idea not a financial advice. Am not in any way responsible for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment.. UPBIT:ADAUSDT
Long
by Kingsley_lotanna