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-term
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!
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!
HNT - HELIUM READY FOR BOUNCE- SUPPORT AND RESISTANCEHNT had a pretty big drop but as always this is healthy in order to find support and go up! Now is the time, we are really close to our major support and soon we will have the bounce we expect !!
CRYPTODROU
Happy Trading
WAVES BOUNCE SOON?? HUGE SUPPORT Waves had a huge drop after the M formation, but the time has come and the support is really ready to defend the price for once more, as you see many times done it before! lets go for one more bounce
CRYPTODROU
HAPPY TRADING
ADA HUGE BOUNCE INCOMING AFTER RETEST SUPPORT AND RESISTANCE Ada had a pretty big drop after the ATH but that's how ADA works, in a wave formation, huge pumps and big drops. We are at the strongest support and i believe if we keep the support a huge is there for sure!
RED LINES : RESISTANCE - TP
GREEN LINE - BOX : SUPPORT AND BUY ZONE
CRYPTODROU
HAPPY TRADING !
GALA LONG TERM POSITION, BOUNCE TRADE SUPPORT AND RESISTANCE Gala had a really big pull back, but now is really close to a nice pump because of the huge support we have!
A BUY SPOT NOW will make you soon a really god gains $$
It's a long postition so give it the appropriate stop loss, and time!
CRYPTODROU
HAPPY TRADING
Possible Head and shoulders *LONG*
Keep an I on the possibility of this being an outcome for Chainlink. Even though it has been on a pure uptrend testing it's highs and lows and pushing forward. There is always another side to every success story. No matter what I believe, Chainlink will push through eventually. Keep an eye on resistance levels through the week. $27 specifically, if we find it causing resistance it is possible we can end back up we we are currently sitting at $22 - $22. 40 . Which in turn if this forms the infamous H&S , this may in turn push us further down to the $19- $17 range. Just hypothetical but possible. Good luck and Happy Tuesday!!
ABBOTINDIA - LONG ENTRYThe Stock takes support on weekly basis, where it faced resistance previously.
On monthly chart it created a hammer candle on the support zone.
Good Swing Entry for a couple of months, hoping to see new all time high
Trade Details:
Buy Below : 19600
Stop Loss : 17300
Holding Period: more than 2-3 months
$SE #SEALIMITED Stuck Between Two AVWAPs$SE is being supported by COVID-19 lows AVWAP (Aug 17, 2020) and rejected by ATH AVWAP (Oct 19, 2021). Until we break either AVWAP, I will be neutral and wait for some movement. I do like the stock long term in my Roth IRA, so I will be slowly adding shares if it goes near or retests the support AVWAP. As mentioned in my $BTC chart, I do believe that the bottom is in for growth stocks and the R/R is appropriate for going long.
BTC USDT Long termHate to say it but i can't see any bullish momentum for BTC
Even tho after a 40% correction the monthly chart doesn't look promising, these indicators got to cool off at some point
As you can see all indicators show weakness so i tried to imaginethe best scenario for btc.
We got to except that nothing will keep going up and we may be able to watch something we have never seen before
So be prepared for worst cases always
GBP/JPY - SHORT Long term position, with great risk/reward ratioThe price reached the previous highs. It created a double top and crossed the uptrend line. Also RSI reacted to the overbought and started to 'look' downwards.
Great potential here for positions that will stay open for a few days or maybe couple of week in order to be profitable.
Falling Wedge- BullishWatching SOL closely here, treading lightly in the crypto space with all of the FUD surrounding pending regulations. However, SOL is looking quite nice here and is currently sitting right on its 200-Day EMA. Additionally, SOL is holding a big falling wedge with a little cup and handle at the end. Bullish on SOL long-term and will be watching closely for a breakout from this wedge- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime
- Falling Wedge
- Cup and Handle
- Sitting right on its 200-Day EMA & Bounced off the .00 FIB Level
- Bollinger Bands are Squeezing (Not Pictured)
- Slight Bullish Hidden Divergence on the RSI on the 4-Hour Timeframe (Not Pictured)
- Buyer Volume Picking Back Up