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ADAUSD The Punishment BeginsThis is just a really quick update because I don't want to repeat myself. ADA has made a run of the all time high and missed. That is not good because, like I said bulls, like to see higher highs to confirm an uptrend. So we have a descending triangle now which will almost surely be broken to the downside. If it falls, it can be held by the 2.70 support. If it is held there, it will consolidate between 2.70 and 2.83. Now, if that does not hold the price will be headed to the 2.47 support and will consolidate between 2.47 and 2.69. Like I said before, It is really not a good thing for a run on the all time high and a miss. But it's not the end of the world, we just have to wait and see what happens. Worst case scenario is the 2.47 support does not hold and the price falls to 2.2, in which it will consolidate between 2.2 and 2.47. It will not happen overnight and it will likely produce patterns along the way that I will be able to interpret. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
28
ADAUSD THE BATTLE OF THE TRIANGLEADA is fighting hard to invalidate the descending triangle. The closer to the end of the triangle it gets, the less incentive people have to buy at the low range and sell at high range because there is less profit. However, by the time the 200MA reaches the end of the triangle, it can be considered invalid because it will not only fill it most of the volume space that is missing and further consolidate, it will be sitting right above the 200MA. Looking at the chart I have made an extension of the 200MA, and showed the range in which ADA will consolidate to fill the gap in volume. Once that happens, ADA will fight to stay above the 200MA and the price will naturally be pushed upwards. That will conclude the long consolidation period it had. This will create an extremely strong foundation for ADA moving forward. There is still a weakness in volume between 2.20 - 2.40 but it would have to fight through quite a bit of support to get there. Overall, this looks good for a push upwards. Like I said before, even if the triangle fails, the price will be held by the 200MA. If the price falls far below the 200MA a serious downtrend should be considered immediately. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
19
Continue of bear market 2021As we topped out at 65k, followed by blow off top to 30k, now we experience classical relief rally which is going to form a lower high. 50k is logical target with heavy resistence to get rejected , weekly volume is fading. Expecting reversal to 30k and as you can see in the chart we will continue with megapattern of descending triangle. Sooner or later we will breach it and reach our second target of 24k (first target after blow off top was 30k). from 24k area we will rise to 30k area to confirm it as new heavy resistence and continue downside to reach our ultimate bottom of 15k area. In case of stock market collapse which is also possible (s&p 500 is totaly overshooted and Dow transport is diverging with industrial average and s&p and nasdaq which are big warning signs ) the crypto market will plunge more down, with bitcoin breaching also 15k and continue lower.
INDEX:BTCUSDShort
by Dunkelwerk
7
SPY dump along with NASDAQ and DOWSPY Since September I have been saying something is wrong. The ramp up is as about as real as a Tinder profile. In March 2020 everything was at a stand still. The market lost next to nothing and kept going and going. A lot of us weren't working and a lot of us that were, were producing next to nothing in product to support this type of price action. Mr. Rising Wedge, please meet Mr. Descending Channel. This along with all the rules by the DTCC, SEC, NSCC and soon, I am sure, the CDC are all finally catching up with us.
UShort
by ssyxworld
USDJPY 109.513 + 0.25 % LONG IDEA * MONTHLY OVERVIEWHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE THE DOLLAR / JAPANESE YEN FROM THE MONTHLY CHART. * This is an overview for a bigger picture , direction & sentiment of the pair IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED _________________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. __________________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
Long
by PULEMokhothu
4
Now what after a nice big win on NQ?I hope you catch the big quick drop on NQ with my last idea. I also hope you exited fast before the rebound. I got out almost at the bottom. I got out after the Doji formed at the bottom. I didn’t stick around for confirmation and just took my money and run! Now NQ back up and consolidating. You can see my short and long set up. We are looking at descending triangle which books say often leads to further downtrend. My experience tells me it is 50/50 chance either way. All I know for sure is price will break out through the hypotenuse (resistance) or it will break down below the leg of triangle (support). So be patient, wait for confirmation of breakout before you enter my position. Or if you are aggressive just enter at first sight of candle break through. Both ways have good points and bad points. Personally I like to do it both ways, but it depends on what I am looking at to. Safe trading. Please thumbs up me if you like this. ♥️ Ms. Bunny
CME_MINI:NQ1!
by UnknownUnicorn11430563
6
And now all the technials come together beautifullyAll the technicals we've discussed in the previous week's posts are now coming together beautifully. We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had any significant sell-off volumes on the daily chart, which is a textbook reversal confirmation. Expect to see some serious 5th of the C-wave trading volumes in the upcoming few days.
COINBASE:BTCUSD
by LongLifeTrading
EHEALTH Stakeholders should be CAREFUL!EHEALTH is reaching to it's descending trend line. General trend of the stock in currently declining and the market will hit to descending line soon at around 78. Also as it is clear in the chart, price has been significantly reacted to pitchfork lines during its down going path and there is a nice overlap between descending trend line and pitchfork mid line at 78 USD. In Addition, Stochastic indicator in daily time frame is in overbought zone and has already made a bearish reversal. Moreover a divergence at the top between stochastic indicator and price can be observed. All the evidence supports the idea that EHEALTH will fall soon and in the case that upcoming earning report can not support the price and push the stock above the trend line the stock will see prices far below the last low which is 47.84.
NASDAQ:EHTHShort
by SaeedSajedi
3