POLKADOT - Lower Timeframe Overview ✅On the lower timeframe, we can see that we have 2 entry trendlines in place.
The orange trendline = Risk entry
The red trendline = Safe entry
We can even go down further to find a sniper trendline.
Trade Idea:
- watch for break of either trendline for entry
- once trendline broken, stop loss goes below price
- Targets: 6, 7, 8
Goodluck and as always, trade safe!
Etherem
$eth weekend thoughtsalts looks better here than btc, imo.
all currently ranging in their respective channels.
leaning towards the upwards movement here on eth, but if it stalls out today, then it's likely going to lose the channel by tomorrow's weekly close.
i'm currently long here, but will cut we we chop around all day.
hourly rsi break above eq would add confidence to channel upside.
Big buy signal for Ethereum - Technicals and FundamentalsEthereum is looking great technically and fundamentally.
Technicals:
It broke up and out of a Cup and Handle formation and seems to be heading to the resistance of the downtrend at around $2,400...
Fundamentals:
1. Investors are getting back in since the Crypto crash with BTC, ETH, Luna etc...
2. Ethereum is merging with a new upgrade and update to improve the blockchain software
3. New influx of buying and selling as a safe haven due to Inflation and interest rates going up around the world.
I'm a buyer of Ethereum here and if it breaks above $2,400, we can see possibly another major leg up...
Trade well, live free....
Timon
Founder, MATI Trader
ETHUSD We are on the monthly chart. It’s telling us that it has touched the support and now is reversing back up. The support is holding up strongly and the 70% on the Fibonacci level is indicating a bullish cycle. Don’t forget the war has an impact on markets so pay attention to the fundamentals too. For more info subscribe to my YouTube channel. COINBASE:ETHUSD
likely to $19k to $18k for ETH/USDTMarket showing weakness to the current uptrend which is a short one but no matter a trend is a trend.
Just few seconds ago i posted $BTC/USDT chart, stating that 80% chances are there to see BTC at $36k again, as Bitcoin is main index for entire crypto movement!! I am expecting the above pattern to break downwards!! if it break upwards in any chance then we can see a beautiful move in upward direction but most likely it break downwards.
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Bitcoin get ready for the Weekend!Hello All!
This is our trade setup for the Weekend. We have a clear Head & Shoulders formation formed which is a bearish formation. Expect a huge move coming soon the bears are strong but the bulls are fighting at the support level. Set alerts at appropriate levels. Look for higher time frame candle closings.
Critical Moment of Ethereum! Hello All!
As you can see we are still holding onto the channel. We are at a critical moment with Ethereum & Bitcoin as they consolidate near our important zones. A breakdown from these support levels would indicate to re-test our previous support zones. If we hold we will push towards all-time highs.
Short Trade Setup:
A break and close under 3600 and retesting the support as a new resistance along with similar price action from Bitcoin we can expect lower moves. Most likely these moves will be followed by fast price action so for traders it is important to set your alerts.
Long Trade Setup:
If we hold this support zone and have a strong move in the bitcoin price, I will be looking to buy along support and again if we break and close above the minor resistance forming. We will then most likely see $5,000 Ethereum.
AVAX - Bulls Stepping In! 🔥In our last AVAX analysis, we mentioned that we would see one more push down for the C wave completion.
We've reached out target area for buys now and already seeing nice bullish pressure.
Trade Idea:
- enter with stops below price rejection
- Targets: 125, 145, actively manage the rest
Please bare in mind that price may come down to retest the 50fib again before moving up.
Goodluck!
ICP - Reversal Wedge!Some more price action has appeared which has given us more of an indication as to what may happen next. We are seeing a descending wedge, which is often a reversal pattern. Looking for ICP to make one more move down before we load up for buys!
Short Term Trade Idea (SHORT):
- Watch for a break of the ascending trendline on lower timeframe
- Enter with stops above the recent correction highs
- Target the 10-12 area
Swing Trade Idea (LONG):
- Watch for strong bullish pressure at the -0.618 level (10-12)
- Enter with stops below that level
- Safe entry after the break of the descending wedge
- Target the recent highs as first target and hold the rest!
Let us know what you think. Goodluck!
FLM - QUADRUPLE BOTTOM! 👀FLM has been showing us a series of double bottoms and double tops.
We are currently at the bigger double bottom and we could see a breakout very soon. Ideally we'd want to see one last drop to complete the lower timeframe double bottom before moving higher. However if we don't, we can just get in with stops below the double bottom.
Trade idea:
- Watch for a breakout and enter with stops below the double bottom
- If we make one more drop down, watch for bullish price action ad the double bottom area and then enter with stops below the lows
- Targets: 0.78 - 1 - actively manage the rest
What do you guys think?
Bitcoin - Bullish Scenario! Huge Opportunity!Hello All!
Here we can see the bullish scenario for the Bitcoin price. Looking at past history we can see the falling wedge is a powerful formation for the Bitcoin price which can lead to a huge rise in the price. We can also see a small bullish divergence that has acted before as a start in a bullish run at the bottom of the falling wedge. For Traders, it is best to wait for a break in our resistance zone before initiating long positions. As for investors now would not be a good time to sell as we have not broker structure yet.
To view the bearish scenario and how to trade it view our previous post. Also, view our post on how to catch the top and bottom of the Bitcoin price to help you master swing trading the bitcoin price action.
DENT - Easy Double BottomDent is fast approaching a double bottom level where we may see price bounce off aggressively like it did in late July. For confirmation of bearish reversal, you can wait for the break of the red descending trendline.
It is possible to take short term short trades back to the double bottom but there will be limited gains. The bigger move will be the move up.
Trade Idea:
- Watch for price to continue correcting back to the double bottom region of 0.001500
- Once bullish price action appears, enter with stops below the structure (risk entry)
- For safe entry, watch for the break of the descending red trendline and enter with stops below the structure level
- Target the recent highs as first target and actively manage your other positions
Goodluck!
DOGECOIN - BREAKOUTIt could be time that Dogecoin finally breaks out! We've been looking for Dogecoin to move up for some time and now it seems to be making more sense.
We had that push up late July and now we're in an ABC correction ready for the next impulse.
Trade Idea:
- Entry with stops below the lows (0.1820)
- Target the corrective resistance as first TP (0.33) and HODL the rest
MKR - Bullish Takeover 🔥From our last analysis on MKR, we had a really nice breakout and then created a bullish correction for a move higher.
The play here it to wait for the next bullish correction which will likely come back to the ascending trendline and then entry with stops below the trendline. However, if you want to enter now, you can look for lower timeframe pullback and then enter with stops below 61.8 fibonacci.
There's enough room for MKR to move up and we're targeting atleast 6000.
Algorand (Breakout)Algorand is breaking out and testing the $2.00 price target.
Taking a copied bars pattern from October 23rd to October 25th (yellow bars) Algo could see $2.05 to $2.10 by October 27th. Trading is expected to stay within the yellow parallel lines. Large green line is overhead resistance. R.S.I Divergence has broken out of the parallel lines (orange lines). The relative strength index is expected to touch the upper orange lines (at least) with a possible touch on the lower orange line-possibly touching down to the 30% marker before another breakout.
resistance at $1.93 and $2.00.
What the BTC?! 👨🚀 BULLS VS BEARS!Key Factors -
Technicals:
Bearish Close below the daily 200MA
Forming a triangle formation giving us the next trade setup
50/50 Trade analysis
Is Bitcoin still on track towards $100,000 this year?
Bitcoin still runs the market moves
Bears:
Bad environmental Impact
Centralized mining in China
51% Attack
Old technology = POS (proof of stake) is better
Volatile
Expensive transactions
Government regulations
One tweet can change the market
Other Cryptocurrencies are better
Bulls:
Bitcoin is the most well known
Your keys your bitcoin
Moving towards renewable energy
POW (proof of work) = Add security and gives Bitcoin its value
Internet Gold - Scarcity
Secure Money
Deflationary
Is one Bitcoin your ticket to financial freedom?
What are your opinions?
ETH sell the pivot.ETHUSDT - Intraday - We look to Sell at 1859 (stop at 1904)
Daily signals are mildly bullish.
Pivot resistance is at 1880.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Pivot support is at 1720.
Our profit targets will be 1721 and 1671
Resistance: 1800 / 1870 / 1920
Support: 1720 / 1670 / 1650