ADAUSD Gears Up for ATH TestDue to it being the start of the week, ADA's volume has returned, and with it, brought the possibility of a price movement. Like I said before, we got a retest of the 200MA which is often accompanied by a nice little bounce. I figured this, along with the volume, would create the momentum it needs for a ATH test. We are getting to the end of our ascending triangle and a price movement is going to happen. That is all that is going on at the moment. I took a look at the weekly and the daily and there wasn't a change in patterning from what I have already seen. We have an uptrend at the moment. The next all time high test will likely determine whether the trend continues or reverses. If ADA can conquer the all time high, this will put much needed energy back in ADA and I will hopefully see my 3.24 target reached sooner than later. If ADA cannot defeat the current all time high, that would be devastating and could signal a trend reversal with prices falling though our support zones. However, with all of the volume in the market we have today and all of the volume it has built at the top, especially the 2.83 level, ADA has everything it needs for a test. Lets see what happens.
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.
High
$PLTR: Have we finally found our inflection point? (Do or Die)ARKK making a strong name for itself after the Jackson Hole meeting. Are we nearing the breakout point or will we continue to see more waiting and what will ultimately happen with the ARKK index at this juncture? We will see! Good luck traders :)
$PAGS: to make you BAGS?Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS is located) to pin point entries. On the technical side of things, keep an eye on entries in between the two trend lines in which the current candle stick is located between and stops outside of the bottom two trendlines. I'd look to scale in over the next couple of weeks and see how strong the dips in $IWM, $HYG and $EEM are to see how much continuation is possible to the upside. Good luck traders!
SOLUSDT - Cup & Handle TALeaning and developing TA in the Crypto World.
The Cup and Handle formation can be seen here as we have a drop in the price and a rise back up to the original value. This is then followed by a smaller drop before continuing upward passed the previous peak.
Generally this is a good indication of an upward trend. We see higher lows forming and higher highs before the break of resistance.
Resistance is broken and away it goes!
Are there any other TA that could be used in this situation?
Next bullrunPullback weekly after making all time high currently uptrending and weekly price rebound EMA30
A beautiful trade.A textbook trade out in the real world.
Price has been moving in a good upper channel for some time and it has reached the resistance trend line for the channel.
An extremely good chance that the price will travel down to the supporting trend line.
The stop loss is placed very tightly, if by chance it gets taken out, enter again when it retests at the above (near the blue rectangle).
However, if you wanna play conservative, go with the blue line that I drew as a small trendline, when the price touches that, look for a retest and nice bearish candle, and enter the trade with a good stop loss above the resistance level.
Never risk more than 0,5% on a single trade and stop-loss to entry when 2 RR achieved.
Nothing is guaranteed in trading but finding high possibility setups with a good probability of the trade working out may just do the job.
ALL ALTCOINS DROPPED 50% FOR WEEK TON Crystal DROPPED 14%1. My ideas do not include any investment advice
2. Make your own research, decision and take a risk
3. Do never ever invest your whole money into cyritos
4. Do not open more than 2x levereged long or short positions instead regard it as an alternative in your portfolio as risk management tool
5. Distribute your risk by making a basket of minimum 3-4 cyriptos in your wallet
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Will Silver Continue to Shine?The silver market received a blow yesterday but has since recovered.
Yesterday was also a volatile session for gold as well, after the false breakthrough over the $1,875 resistance line that was quickly reversed, and the gold closed with dojis.
Silver jumped to its highest level since Tuesday, February 2, before turning from $ 28.73. The bearish silver pin bar from Tuesday was confirmed with a sale yesterday at 27.36.
Still, silver remains in the range of the bullish channel, but it remains to be seen how its volatility may factor new long positions.
Experts believe that this subsequent reversal will be a short-lived phenomenon, and overall the trend is likely to continue.
Microsoft Corporation (MSFT) is on a Good CorrectionMicrosoft Corp. has earned praise for its successful pivot from desktop computing to cloud computing.
As such, MSFT stock has risen as result.
Microsoft Corporation (MSFT) has recently seen a 10% correction/uptrend over the long term. Particularly, yesterday the price bounced from a strong support 100 EMA level and formed a bull configuration.
If the price level continues its upward movement, it is very possible that we will see again the highs of $263 per share or even be looking at new all-time highs.
EURUSD BULLISH REVERSAL @1.20925Hello! First and foremost please trade with caution! Do not risk more than 10% of your portfolio! EURUSD will wipe out 15M liquidity by about 10 pips. It will then reverse back up and take out the high. DXY is heavily bearish hence EURUSD is heavily bullish regardless of the short term. Have a blessed day!
DANGER DANGER HIGH VOLTAGEWith a track record dating back to '09, anytime more than 94% of companies in the S&P trade above their 200-day MA, there is an ensuing sell-off. This doesn't indicate an extreme sell-off but rather a cooling of the coals that have become too hot. But still, look out below. When the VIX goes so low and this indicator goes so high, it is a red flashing signal to put on some protection so you don't lose your hard-earned gains.