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Cryptolong

ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to LongI've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD. But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think. Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI, Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.
BITFINEX:ZECUSDLong
by BodiesXWix
KAVAUSDT LONG - Past 2$Hey everyone! After a long consolidation, I can't see this pair ranging for much longer without an expansion move soon. Previously this was a pair already on the radar and provided a failed upside setup however it just keeps bouncing from maxima to minima of the range and now buyers and sellers are left to make an impulsive decision. The bias is upside specially being a fresh coin that makes it easier to move into price discovery and activate the FOMO's. Risk-Reward-Ratio (RRR) is taken from zooming into smaller timeframes and taking the last break of a daily high as seen here as our entry trigger. At the same time, to reduce getting shaken out on volatilite moves, the stop loss is set in a classical manner - at the patterns valid 3L point. Let's see how this one goes! Take care, Vlad The Crypto Trader
Long
by Be_Independent_Tribe
Bitcoin at key resistance structure, next move to 5000?BTC has climbed off the structure support break into the resistance structure that we outlined based on market structure. We needed to see a stall in this area for the continued move lower. The first red day just occurred and it was strong, we need to see an extended move lower or some doji candles to indicate a reversal to the downside at this resistance point of 7750. This inflection point should bring the price down through 6760 if the downside is going to continue. The volume that brought price up to resistance was weak so the downside has a little more control. If BTC rallies above 7800-7850 then the upside may open up a little stronger. Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
COINBASE:BTCUSDShort
by TRADEPROAcademy
LTCUSD approaching resistance, potential reversal coming!LTCUSD is approaching resistance (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below our first support level (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets
Update on price action, 3 possible scenarios+ my next move (LTC)Hello everyone Today an update on LTC price action, a lot to talk about. Let’s get straight in to this! -So first of all I’d like to start with the support lines . We’ve created a very strong support line in the last couple of days at +/- 74. If we check the past, we’ve done that a couple of times before, The last times in March and April. We can see a similar pattern in this upwards trends. So first a couple of days were price-action stays the same, then a fake breakout, followed by another couple of days at the same price action, which has been continued with a uptrend rally. We’ve seen that two times in a row. The period we're in at this moment is pretty similar with the period of march and April. It’s true that it’s not that big of a break out, but you can’t expect such breakouts anymore, volatility of crypto’s has gone down (which is a good thing) so the patterns will not be that clear anymore like in the past. -The second thing that caught my eye was the possible reversed head and shoulder pattern who could possibly be created in the next couple of days. We can see a clear shoulder been created and a nice head at the end of June/ Begin of July. If the bulls can stay strong at the support line (74) than we could maybe see the real breakout to the first test at 86. If volume is big enough, we could past the 86 level and could reach are next target at 100. I know this will not be an easy task, the resistance line at 86 has been denied the last 6 times in the end of June, begin July. -Another thing we’ve to take in mind: LTC has had a 81% correction in the last months, we’re at the lower end of things! -The stoch rsi is telling us that there is still downwards momentum on going and we've not reached the bottom yet. What I’m going to do: I think that we’re in a no trade-zone at the moment. If we are not strong enough to hold on the 74 level, we could possibly see a free fall back to 50. I will wait to trade until we’ve past the 86 level or if we succeed to stay strong at the 74 level for another week. 3 scenarios (short resume): - So we could see an uptrend to 86, then everything will depend on the volume, if we pass that level, we could see a possible uptrend to 100. Maybe followed by a head and shoulders pattern. - If we pass the 74 level, we could see a possible free fall to 50. - Most likely we are going to bounce around between the 74 and 86 level for still quite some time.
COINBASE:LTCUSDLong
by cheynos
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