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20 Reasons For Sell DXY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block. 2:📆Monthly: Currently, there is a clear bullish trend, but there is a visible consolidation (choch) on the monthly timeframe. A high volume candle at the top is followed by an inside doji and a fall in price. The price has been consolidating for the past 5 months, but there is potential for further downside towards the recent order block around 98.00, which can be a profit booking area. 3:📅Weekly: The price has confirmed a valid high and formed an internal consolidation (choch), but the low is yet to be confirmed. Based on the bigger picture, we anticipate further downside moves until the 100 area. We should hold our sell positions until the price taps the order block area at 100. A corrective move is expected once it reaches that level. 4:🕛Daily: The daily timeframe shows a bearish structure with potential for further lows. The last low is still protected, but given the bearish trend, there is a high chance that bears can push the price towards the 100 level during the current impulsive move. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: A window (gap) is present, which can act as a Continuation In Pattern (CIP). Additionally, a descending triangle is putting downward pressure on the price. 7: 3 Volume: Volume increases during bearish moves, indicating more selling pressure. Until the market gives a clear signal, it is not advisable to consider buying at any level. 8: 4 Momentum UNCONVENTIONAL Rsi: The market has lost momentum, but it is not yet strongly in favor of the bears. A strong rejection at the window area or resistance at the 60 level is needed for price confirmation. 9: 5 Volatility measure Bollinger bands: After a big volatile move, the price needs to calm down and may enter a period of consolidation or make a minor correction towards the 20-day moving average before continuing its downside move towards the target. 10: 6 Strength ADX: The ADX indicates a sideways trend at this point. 11: 7 Sentiment ROC: There is no strength in the sentiment ROC. ✔️ Entry Time Frame: H1 12: Entry TF Structure: After a strong bearish trend, there is a consolidation (choch) pattern forming. Upon closer observation, the daily window, extreme order block, and structure high coincide at the same point, making it a strong supply area or rejection point. We will place a sell order when a strong signal is formed. 13: Entry Move: The entry move must be impulsive. 14: Support Resistance Base: Daily window, extreme order block, structure high. 15: FIB: Trigger event done based on H1 timeframe. ☑️ Final comments: Open sell entries at the market opening, and if the price goes further up near the window, consider a second sell entry. A third sell entry can be placed if the market creates an internal Breakout-Sell (BOS) signal. 16: 💡Decision: Sell 17: 🚀Entry: Sell between 102.885 and 102.2 18: ✋Stop Loss: 103.175 19: 🎯Take Profit: 1st target at 100.5, 2nd target at 99.5 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 10 days
ICEUS:DX1!Short
by Optimum369
21.4.2021 - Polkadot (DOT / USDT)Hi Traders! Polkadot is a very successful project, which is often talked about especially in recent months. In addition to a strong fundament and technology, this is also confirmed by the chart. If we look at the daily, we see that a few months ago we were at the level of USD 4. Just a few days ago, DOT reached its maximum of USD 46, which is more than a 10-time evaluation, and that's the problem. This evaluation was achieved by DOT without the chart stopping for some time or undergoing a more significant correction. We have been monitoring this just since February 20, when the chart more or less moves sideways in the channel. We haven't moved anywhere since then, and in my opinion it will be for some time to come. From the point of view of the whole structure, it would be ideal to test the level of USD 28 - 30, which represents the support. The trend line also crosses this level. We should not break it down, because if that happened, we could witness a deeper correction. It could be either very sharp and fast (in the bull market calmly -50% and subsequently fast growth), or it would be milder and would last significantly longer. The chart still needs to go sideways for some time and gain strength to be ready for further growth. However, Polkadot has interesting events planned for the summer, so currently we may only be watching the silence before the storm. The price of USD 28 - 30 can be a good level to buy and hodl. May the crypto be with you!
by DolleroTechnology
7.4.2021 - Litecoin (LTC / USD)Hi Traders! For a long time, we did not look at one of the most famous cryptocurrencies - Litecoin. It has been moving in terms of the total capitalization in the TOP20 for several years. You can see LTC in cryptomats, on PayPal, and even Grayscale buys it. Nevertheless, it has not yet managed to reach his last ATH. Why? The latest ATH of Litecoin is at $ 374 and the current price is around $ 232. Thus, we still lack about 60% to ATH, which represents a significant potential for growth. Bitcoin and Ether already crossed their ATHs and also added extra percent. In the next phase, in my opinion, the LTC, around which there is currently a fairly strong fundament, could prove it. LTC has been one of the most successful projects for a long time and, in addition, it is bought (as I mentioned above) by various institutions, but this is not yet reflected in its price. In cryptocurrencies, we often observe almost identical cycles. Bitcoin usually grows first, followed by Ether, then large altcoins, and finally the capital moves to smaller alts. LTC is thus a cryptocurrency that is likely to show its potential. It is clear from the chart that LTC is currently undergoing strong consolidation before resistance. The longer we consolidate, the stronger growth Litecoin can show us when this resistance is exceeded. Subsequently, only the $ 272 mark awaits us, and then nothing will prevent LTC from further growth. May the crypto be with you!
BITSTAMP:LTCUSDLong
by DolleroTechnology
18.2.2021 - Ontology (ONT / USD)Hi Traders! Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market. First of all, we would warn against high expectations. The fundament around this coin is not as strong as it used to be, as new projects and new technologies are still coming to the market. Nevertheless, we think that the ONT still has great potential, which we can turn into an evaluation in the coming months. The ATH of this coin is above $ 12, but if we count also with overall fundament, we would aim at a maximum of $ 5.51. In this chart, we can also see 3 basic cycles - growth, decline and consolidation. In this case, however, it's a little different than last week at EOS. Week ago, ONT broke the trendline and thus also the consolidation structure. Of course, this does not mean that we have to climb to the targets immediately. Growth should gradually accelerate upwards and we see this trade in a few months' horizon (up to the summer). From the point of view of targets, we would again step out of the trade gradually and "preserve" profits. The most important thing in this chart is the broken trend. We have a clearly defined trend and, if nothing fundamental changes, this chart should continue to grow. May the crypto be with you!
BITFINEX:EOSUSDLong
by DolleroTechnology
27.1.2021 - Uniswap (UNI / USD)Hi Traders! Uniswap - under this name we know, of course, the largest decentralized exchange, and in today's analysis, we will look at their cryptocurrency. In daily trading volumes, Uniswap often outperforms Binance. Many DeFi projects and their tokens can be purchased on this platform. Of course, this fundament is also reflected in the price growth of UNI. What do we see on the chart? First of all, we must say that such growth is not at all surprising, and the chart has prepared for that. As you can see, we were first in a phase of decline and then we saw a movement to the side. If we stretch the trend lines from the bottom, then we first see a slight increase, which has escalated over time. It finally went through the fourth rotation. Is Uniswap currently ready to decline? It's logical, but we don't see any signs of rejection yet. We still hold all the trend lines on the chart and we have not yet fallen through any of them. We also keep the trend line at RSI, where we still have enough space. Uniswap will have to roll into the final exponential or fall across the trend line. On the positive side, however, Uniswap has grown gradually and created quite stable supports, which we will probably test in the near future. It is, of course, possible that we are nearing the end of growth, but as the well-known rule says "trend is your friend until the end" . So the trend is still positive and we have to wait until it falls across the trend line. May the crypto be with you!
by DolleroTechnology
13.1.2021 - EOS (EOS / USD)Hi Traders! The year 2020 could be described from the point of view of cryptocurrencies as a record one. Bitcoin exceeded its previous maximum and other cryptocurrencies also began to grow rapidly. We are following the growing trend at Ethereum, Cardano, Litecoin, Monero and others. But what happens to EOS? If we take a look at the EOS chart, we do not see any uptrend. We observe the movement to the side and the zone in which the EOS is still moving. It has risen after the March (COVID) slump but is still unable to break through key resistance. It was very close in the last few days, but last week there was news that EOS had lost his CTO Daniel Larimer. The price fell down again. Of course, this report is not as fatal as, for example, the SEC lawsuit against Ripple. In trading, as long as we keep support between USD 2.22 - 2.39, it's fine. At this value, we would consider buying and selling at a resistance of USD 3.85 - 4.01. This movement would represent an evaluation of 60%. We would consider the uptrend to overcome at the mentioned resistance. Until that happens, we cannot expect significant changes. From the fundamentals point of view, there is currently quite silence around EOS, which also does not help its price. In the ranking on CoinMarketCap, this cryptocurrency is still declining. We still consider EOS to be a relatively large cryptocurrency, but we expect an impulse that will trigger price growth and investor interest. May the crypto be with you!
by DolleroTechnology
6.1.2021 - Ripple (XRP / USD)Hi Traders! Today we will look at the XRP / USD analysis and take a closer look at the Ripple case. XRP has flooded newsfeeds in recent days with reports of a lawsuit filed by the SEC (US Securities and Exchange Commission). The SEC filed a lawsuit against Ripple , which created cryptocurrency XRP. T he lawsuit alleges that Ripple was involved in the sale of the securities - meaning their XRP cryptocurrency. It should be added that this action has been pending for a longer time. At the moment, it is difficult to say how it will turn out. Ripple has capable lawyers and one of them is a former member of the SEC. Some exchanges have already suspended the trading of XRP or wanted to delist XRP . At the moment, therefore, we would avoid any investment in this cryptocurrency. But let's take a look at the XRP chart. From below, we have very strong support at the level of USD 0.1713, and from above, strong resistance at the level of USD 0.25. Although we do not know how the SEC lawsuit will turn out, the chart always reflects investors' expectations, so we can see the outcome of this lawsuit from the chart before it's in the news. If we break the support downwards, it looks very bad with XRP. Conversely, if we break through resistance, then XRP may be waiting for good times. However, while we are at the current level, we only monitor and do not buy XRP. May the crypto be with you!
BITSTAMP:XRPUSD
by DolleroTechnology
2
2.12.2020 - Tezos (XTZ / USD)Hi Traders! Today we look at one of the most popular cryptocurrencies and that is Tezos (XTZ). What does the chart look like? For the purposes of this analysis, we will use a daily chart as we want to see the overall trend. Tezos also went through a slump this year caused by COVID in March. Subsequently, it rocketed and fell again. Let's look at the overall structure. Tezos wrote off up to 78% of its growth, which is confirmed by the value of 0.786 fibonacci retracement. Tezos was quite good to us also in the falling wedge he formed. At this point, several interesting levels met: 1. Support on the daily chart 2. Fibonacci retracement 0.786 3. Turning pattern - falling wedge You can see the bottom of the chart, and a reflection has come from this level. The chart has currently stopped at MA21, but this should only be temporary. In time, we expect an attack on the new ATH and the upper edge of this great channel. In general, we see a value of about USD 5, which would represent more than 100% growth. However, it is important that we stay in this channel and not fall below the bottom trend line. So the tariff is USD 5.00. May the crypto be with you!
COINBASE:XTZUSDLong
by DolleroTechnology
25.11.2020 - Litecoin (LTC / USD)Hi Traders! Are altcoins in the bull market? Is Litecoin in the bull market? You have probably noticed a significant rise in the prices of cryptocurrencies in recent days. It's not just about Bitcoin anymore, but Litecoin, Ethereum, Dash, and others have gradually started to grow. Is this the right time to buy, or are we waiting for a decline? Let's have a look at it step by step. In our opinion, we are already in the bull market. Of course, each cryptocurrency is a little different, but in terms of structure, Litecoin is already in the bull run. In 2018, we witnessed extreme growth, followed by a strong decline, and we have been consolidating to this day. By crossing the trendline, LTC also started its bull run. However, this does not mean that it will only grow. Even in the bull run, it is quite common for the market to undergo a correction (even 30 - 40 %). The nearest strong resistance is at the level of USD 145. As we see that the breakthrough on Litecoine was really significant, a minor correction may come, but in the long run, it looks very good. May the crypto be with you!
BITSTAMP:LTCUSDLong
by DolleroTechnology
1
4.11.2020 - Neo (NEO / USD)Hi Traders! After a long time, we will look again at the NEO / USD analysis. On the chart, we basically summarize also other altcoins, which look very similar. On Neo, we can see a huge difference between Bitcoin and altcoins. Bitcoin is holding its maximum in this trend, trying to beat the USD 14.000 level. Altcoins are mostly in a deep correction. Specifically, Neo dropped by up to 50% from its maximum. This is due to the dominance of BTC, which we talked about 2 weeks ago. But let's go specifically to the NEO / USD trading pair. We perceive it as extremely negative that Neo failed to hold the trendline, which has not been significantly violated since the beginning of March. The problem is not only that it has not been able to sustain it, but also how the decline is taking place. If we look at the dynamics of growth and decline, we see that the dynamics of decline is slightly more pronounced. Another negative news is that this decline does not slow down at all. It would be best for Neo to be able to return to the trendline as soon as possible. It is currently on the MA21 support, which could slow down the whole fall. We see the values of USD 11.37 - 12.45 as the strongest support. RSI is also below the trendline, which is also not positive news. Again, it should be borne in mind that the cycle always consists of growth, decline, and consolidation. Consolidation is what this chart currently lacks, so we do not expect the Neo to start growing in the foreseeable future. May the crypto be with you!
BINANCE:NEOUSDShort
by DolleroTechnology