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Long-term

btc origin vector and its possible wave sequenceIn my last idea I talked about of equlity between time and price on top of possible behaviour about btc' waves. when I review my last idea I found out this idea still working and I think our origin vector will be able copy in future. I prefer to hunt btc around 40k-42k that exactly pair with support line and we can see strong area of supports there. The more important point about btc's correction wave is 0.382 fibonacci of B and if you analyze the 1st correction wave you can see 261.8% extension from 59610 after we saw 38.2% rising from 53473. According these wave behaviours it is possible to see again another 261.8% extension from 51908 after 38.2% rising from 41582 and so if we lost 40k-42k trading zone we will see next trading zone around 28970-25139 base on 224-261.8% extension. My got tells me 40k-42k is strong enough to support price for another bullish mega wave up to 87k but it's not odd if we going to see that btc follows its wave pattern base on its fibonacci and going to crash near the next trading zone our suuport level. I clear important dates on my chart for possible turn and price target, also
Long
by SadeQ_Qiassi
Falling Wedge- Bullish (Long) - UpdateBeen a while since I've posted an update on ETH, starting to catch my eye here as it continues to sell off for potential long entries. ETH is holding quite a large falling wedge here on the daily timeframe but also is testing a long-term uptrend line. ETH is also seeming to be following an ABCDE Elliot wave so will be looking for a potential bounce or breakout after completion. (correctional wave, however, if at the end of the E wave there is no demand on the buy side, there will be no breakout). Lastly, something certainly worth noting and keeping an eye on the weekly timeframe- a bearish bat harmonic pattern is formed and currently playing out (See Attached Chart Below). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bearish in the short-term but bullish in the long-term so will be watching closely for potential long entries, all previous charts are attached below - Falling wedge on the daily timeframe - RSI in oversold territory on the daily timeframe - ABCDE Elliot Correctional Wave playing out - Bearish bat harmonic pattern on the weekly timeframe (See Attached Chart Below) - Declining volume on the weekly timeframe (See Attached Chart Below) --Weekly Timeframe-- --Previously Charted--
KRAKEN:ETHUSDShort
by jacobosiason7
ROSEs are red...ROSE is currently testing its 100-day EMA and ~0.455 level. It has also been trading within an ascending channel since December 2021 where it gained ~192%. Naturally, since its ATH it has faced a pullback to its 50% fib level. ROSE must now decide whether to fall further toward the 38.2 level, which is a common occurrence when BTC is weak, or it can gain momentum and re-test its higher fibs and ultimately its ATH. ROSE has a good risk: reward ratio. If BTC avoids a further fall below the 40k level, ROSE can move up. It is important to wait for confirmation of the trend before entering a trade. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
Long
by kush23456
2
Dude, where's my CARDANO?ADA has been making lower highs since September 2021 which has resulted in a descending channel. The fall was catalysed by the regulatory concerns which resulted in eToro delisting the former top 3 coin. Of course, news and fear strongly affect this infant market, thus the coin fell from its ATH by ~65% (to its recent low). To initiate a trade the supports and resistances are marked on the chart. At one point we wondered whether we would see ADA at $1 and we did. Will we see it again? There is very strong support just above the $1 level which would be a fantastic place to catch a bounce. Alternatively, we can catch a bounce at either of the other support levels. Trade carefully and with a good strategy! Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
by kush23456
FANTOM of the OperaFTM has performed very well since 21st Dec, gaining 155% to date. It is eye-opening when you realise how large the width of these channels are and the benefits of holding a coin for the long-term; especially those with good fundamentals. We can see FTM has long-term support (bottom black line), it is trading above all EMA’s and is currently using the 20-day EMA as support. FTM has attempted to breakout from its daily resistance at ~3.33 and faced pullback which may partly be due to the weakness in BTC. It is currently holding short-term support where it has previously seen long candle wicks. If it hits the short-term support at ~2.56 this could be a good area to look for buy setups for a re-test of ~3.33 resistance (29.15% gain). Alternatively, FTM could push toward the resistance from this point without further pullback and if that happens, there is a good chance that it flips the ~3.33 level to support. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
Long
by kush23456