Cryptochart
CAKE → Strong Support at $2.14! Nearing Resistance and Drop?CAKE had a fantastic bounce off of the $2.14 support area and ripped to $2.92! We're close to the next resistance area of $3.135, what does that mean for our trade opportunities?
How do we trade this? 🤔
We're too close to major resistance to long on this timeframe (or any timeframe for that matter), we need to wait for either a break of that resistance level, or a break downward and rested the previous high price of $2.84. For this short setup to work, we need a strong sell response around the $3.135 area, breaking the price downward back into the $2.65 range. The price should either go sideways or re-test the previous high of 2.84 and fail. That failure will be depicted by a strong bear candle closing on or near its low. This will be our justification to enter a short position.
Take profits before we get near the Support Zone at a 1:2 Risk/Reward Ratio, around the $2.29 area with our protective stop above the previous high price around $2.90.
Wait for this pattern to play out, it's never wise to enter before we have sufficient evidence. That evidence gives us a higher probability that the price will behave in the way our analyses show us. Anything else is gambling!
💡 Trade Ideas 💡
Short Entry: $2.71
🟥 Stop Loss: $2.92
✅ Take Profit: $2.29
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Established Strong Support at $2.14 Area, Bias to Long.
2. Look for Resistance at $3.135
3. Look for Reversal Trade Short, Strong Sell and Confirmation Candle.
4. Do not Long Here, Close to Support.
5. RSI at 70.00, above Moving Average. Supports Upcoming Resistance.
💰 Trading Tip 💰
Probability on the chart changes with every candle. The goal of an analysis is to illuminate the current trends, patterns, and candlestick behavior to determine the probability that the next candles will continue the trend. We can then draw trade ideas and determine good entries, followed by proper trade management if the chart doesn't pan out according to our analysis.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
trading-vue-js is a good library js to build stock, crypto chartI spent time researching the js library to implement a stock chart. Many thanks to C451 implemented the trading-vue-js from Github.
TradingVue.js was a hackable charting lib for traders. You could draw literally ANYTHING on top of candlestick charts.
Features
Scrolling & zooming as we all like
Simple API for making new overlays
Custom drawing tools
Non-time based charts (e.g. Renko)
One overlay === one .vue component
Fully reactive
Fully responsive
Customizable colors and fonts
Quite fast (works even with 3 mil candles)
Scripts (make your own indicators)
If you can code with VUEJS, let's use this one. And another thing, I use IEXCloud to build a stock chart in real-time.
LINK has a new DeFi-centric token investment strategySet Protocol, a DeFi-native investment platform, has added a new token set that rebalances between Chainlink’s LINK token and stablecoin USDC .
The efficacy of the strategy is dependent on ChainLink’s very own oracles.
The token has appreciated by approximately 130% since December 2019 & LINK strategy is signalling more long.
Is it Accumulation phase for SC/BTC ?Siacoin it seems didnt affected in satoshi value during bitcoin pump less than a week ago..
Forming a sideway movement all the way back from December 2018 until now..
From EMA lines :
i relate this chart from december until current time. 50 and 100 EMAs just flat without any converging with each other and 200 ema begin to approaching.. price action under 200 EMA considered still in bearish area.
volume relative stable for this low market coin. is it accumulation for some whale for pump??
From MACD :
seller momentum is decrease although the buyer and seller line move down ready to test 0 line.. still no clear signal of changing momentum.
From Stochastic :
stochastic in bottom level but it is not a clear as a it just stay in that level, as it didnt even want to try to move upside.
From RSI :
currently Still wandering around neutral side,
Support :
1# +- 60 satoshi
2# +- 45 satoshi
3# +- 20 satoshi
Resistance
1# +- 70 satoshi
2# +- 80 satoshi (200 EMA)
3# +- 115 satoshi
Please share your thought about this idea in comment section.
peace....
$BTC BITCOIN WILL TOUCH 20K+! MASS ADOPTION WILL BE COMING!THIS IS MY LONG-TERM VISION WITH MINIMUM REQUIREMENT AT LEAST 3 - 18 MONTHS!
So I divide the bull in 5 stages and the bear in 1 stage, why? Because of everything on crypto only a baby step at the moment, something not really can be judge.
As you can in 2018 quite a lot devs has deliver their products, whether it's an apps, website, tools, games or hardware (like Pundi x) or even a software. They don't really have users at the moment. Nobody really know em and likes em, only few people probably know them. Because there are a lot of good projects and good projects out there, even me myself can't spot them all for my own good. But we can say, the environment is growing at the moment. The thing about growing is... you need to watch them evolve and encourage them, in actions or words. Just like a plant that you need watering them, just like an animals you need to feed them, etc. When they're small, meh... too cute, looks insignificant. But when they're growing big... you'll be glad you took patience for this long time.
So it's applied to crypto.
We are really have a good R:R at the moment, as young as you don't play leverage, long-term you'll be fine. (Don't you dare to play shitcoins, at least play Binance's)
Whether you are agreeing with or not, positively, i'll be saying Bitcoin will go to 20K and even higher, mark my words!
10-10-2018
Blockchaindedi
Ziliqa Opportunity and InformationsZiliqa is a new blockchain platform which can handle 2488 Transactions per second so is a good coin to make micropayments but also it s used to create dapps or use it for digital advertising
The smart contracts language of ziliqua can handle dapps with large scale calculations
Ziliqa is ranked at 10 in github activity with 10 with 1,726 commits in last 6 months
Zil was moved into a falling wedge beetwen 23 june 2018 and 26 august 2018.In 12 august 2018 they hitted rock bottom which is situated between 379-385 sats after they broked out successfully will re-tested it but in this time the resistance will turned support and bulls succesfully defended their positions.At this time Ziliqa is into an accumulation phase beetwen 379-592 sats
Targets till mainnet launch can be 0.5 fib resistence which is 1448 sats or 0.618 fib which is 1698 sats
BTC will have a major bullish action in price becouse in december 12 bakkt will be launched and also at 31 december will have the main ETF which will bring us another bullish action in the market
Events:
Anchor Dapp Launch till 31 december
Mainnet launch in december 2018-january 2019
$CDT Ready for Another Pump. 20% - 40% Worth...This project website is blox.io and this is token for crypto tracker and insights. Having 1 billion supply made it looks cheap at the current moment as the chart flat under 300 sats.
At the moment this token has chill down a bit and looking for first fibonacci target about 20% - 40% on the rally and will about slowly securing profit.
Whales! Go join me!
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
Per Request: $MCO, Is This Legit? Bulish Bias 2 : Bearish Bias 1MCO was named as Monaco, right now it is already changed to crypto.com. MCO was quite hyped looking really great because of the expectation within VISA partnership or the same business model but with crypto.
Great thing is that the apps are already released both for Android and iOS.
I bet the bottom is in, as like many others. If Bitcoin go lower then probably crypto is doomed to another level, which is Insya Allah, probably would not.
I use three indicators for to judge this chart, which it's quite 2:1 ratio bull towards bear. Even 2:1, it actually 2.5:0.5 because of the bearish bias still have such room to grow.
So, ya bullish at the moment, looking forward for bounce.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
#LTC, I mabye see a reverse head and shoulder pattern??LTC, I mabye see a reverse head and shoulder pattern on the 30 min charts. lets see if its plays out.
As you can see, we are in a symmetrical triangle, indicating a bullish trend with higher lows and lower highs.
So i therefore expect a breakout after bullback.
Macd and Rsi pushing down, so i expect a bullback from 152 to about 148 \ 146 soon.
Do not take your choices based on my charts as I'm still learning myself. Trade safe :)
#TRX im bullish, target 788sat for meHi all. Here its a bit of my TRX Chart.
I'm still optimistic about TRX now as we still get closer to the launch date. :)
MACD and RSI look good on a daily chart. As you can see at the chart, the price testing support around 600, which is fiblevel 61.80 from the big pump back on the 16\1-18. If we follow the pitchfork and the fib`s in it, we can see that 600sat also act as support for 38.20 fiblevel on the fibchanel indicator. That indicating that we are still bullish and if we can follow the trend here are my targets.
My entry: 600sat
1.target: 644 6%
2.target: 720 20%
3.target: 792 32%
Stoploss: 580 for me.
Please comment as I am new to this and to the communtiy,
Do not take any choices based on my chart, as I'm still new and learning myself.
TKN BTC - Elliott Wave FormationTKN is currently a good buy at market rate, with possibility of completing the 5th Elliott Wave. Target should be 0.00063, stoploss at 0.00041.
Best of luck trading :)