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Bullish Retest Opportunity on NWC In this analysis I am going to break down all the most important technicals on NWC/USDT and explain how to make use of all of them to come up with a nice 3+ risk reward trade set-up. After the price has been coming down from the all time high we see that two major horizontal support zones have been formed. The lowest one (level II in the chart) has just been confirmed twice, with proving very strong support. The highest one provided support earlier on in the chart but now got broken recently around the 1st of October. Bear in mind however that all altcoincs went down recently and that a drop in price of any altcoin is not necessarily due to the company's performance but might also be due to general market conditions. Even after the price breaks through a zone you can still keep the zone on your chart as the area might be useful later. In this case we see that through an S/R flip the old support zone will turn into resistance first, and now potentially into support again! I will monetize on this scenario in this trade set-up by suggesting a long position using a bullish retest on the 4h. For this trade I suggest an entry near the horizontal support zone at the first level. This is the most logical place for a change in momentum on NWCUSDT. For the stop loss I would look at the second level horizontal support. This is a stronger support area that held many times before, so the chance is relatively low that the price will go below it. For the take profit, the most logical place for the first target would be near the previous ATH, giving a potential profit of 51%. Beyond target 1, we reach the moon area where no clear technicals can give us profit targets. Simply hold beyond this level for unlimited potential. The total risk reward for this set-up would be 3.16. If we look at the fundamental side, I highlighted a few important events on the chart that explain a few price moves. Previously I mentioned the Vera Chain audit that caused a major increase in price. Today we can see that the Apple Pay announcement caused the price to increase by over 20%. The logic behind it is obvious, as more payment methods are being added more and more customers are able to buy the NWC token, increasing the demand while keeping supply stable. This shift in classic economics will always cause the price to go up. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
29
NWC/USDT - When Technicals and Fundamentals AlignHi everyone, The Trading-Guru is back with an analysis on NWC. In this analysis I mix things up a little bit and cover NWC/USDT both from a technical and a fundamental point of view. There are two important horizontal levels on the chart. The horizontal resistance zone marked by the ATH at around 28.5 cents and the horizontal support zone of around 18.5 cents. As this coin has a relatively low marketcap there is high volatility and even a "scalp" trade between support and resistance can already yield 30%+ as shown by this trade set-up. Now, normally I would've suggested to wait for the price to drop to the support zone and buy there. However, besides technicals there are other factors at play here that influence the price. Especially on lower marketcap coins it is important to keep an eye on more fundamental things cause they have a high probability of influencing the price. Today you can see that NWC has had an audit by Vera Chain which went successfully. As a result the price went up already before the support zone was hit. Now after a few hours I think we can safely say that the reversal has been confirmed and I suggest to enter a long position here on NWC. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
6
How To Trade LINK - Retracement with Moon PotentialLink has been performing extremely, extremely well over the last weeks. With an astonishing 1400% growth over the last few months it's been the hero we all wish we could be. In this technical analysis I will walk you through how I suggest to trade a pair that has been seen such a crazy uptrend. First of all, it's noteworthy that you should never buy a coin that's already peeking. When there's just been a huge green candle, you are too late. You wish you were in, but don't FOMO buy. Always wait for retracements. Retracements such as ... the one right here in front of you! THIS is the moment to buy, after plenty of red candles. The age old principle stands, buy low and sell high. As for the exit, if you're more of a scalp trader I suggest to leave before the $20 level again as this is a likely place where it finds resistance. If you want to HODL LINK, then you can try to aim for the 'Moon Zone'. In this area the price might rise like there is no tomorrow, and simply holding it might bring great benefits.
COINBASE:LINKUSDLong
by Trading-Guru
16
Bearish BTC Finds Itself in a Parallel Descending ChannelHi everyone, I'm back with another analysis on BTC/USD. After looking at the wedge earlier on, we will now look at a more conservative downtrend from the parallel channel. The wedge from my previous idea got invalidated quickly. BTC isn't moving as fast downwards anymore as it did before. It seems the downward momentum has slowed a bit. However, we can still spot a parallel descending channel with a downwards direction. I will attempt one more trade set-up that is focused on this more bearish scenario. There are two ways to trade this. You can either trade the price downwards with a short from $11,600, or trade the price upwards with an entry around the $11,250 area after a bounce on the bottom support area. Take special note of the confluence between horizontal support and the support line of the channel. This is a strong indication of a powerful support. For now, the TA shows that BTC will move downwards still for a while. A big move or some newly found momentum can change things again. Since it's the weekend, a short is relatively safe. But be careful when holding it overnight into the new week. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDShort
by Trading-Guru
9
XRP/USD Heavy Trading Volume Blocks The Way To MOON AREAIn this idea I will go into XRP/USD and use technical analysis to highlight the most important aspects of XRP right now. Both through the volume profile and heavy trading zone we can see some interesting behavior. Let's start with the horizontal support zone at the bottom. This area got confirmed multiple times, showing it's strength. After the latest confirmation, a long trade seems like the only wise idea. I don't expect the price to fall below this zone for a while. Then, let's look at the volume profile and the heavy trading zone. There's two things that stand out. First of all the ~30 cents level is incredibly important to XRP. Possibly showing signs of psychological support and resistance. Second of all, trading in this area will generate a lot of trading volume and might slow down price movements and thus volatility. However, if the price ever breaks through such area, we might expect some mooning potential as the price is free to continue after leaving the bears behind in that zone. We've seen this happening before already at the area I marked with a break-out. The price grew by 8% within just a few hours! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:XRPUSDLong
by Trading-Guru
8
Text-Book BEAR Flag on EOS/USD Tell-Tale for SHORT PositionIn this idea I will explain what a bear flag is and how this information can help us position ourselves for a nice short trade on EOS. A Bear Flag is a bearish continuation pattern. It is formed when after a strong drop, an ascending channel is formed where the price bounces back and forth. The bullish version creates a view that looks similar to a flag and a flagpole, from which the name is derived. If at some point the channel is broken downwards, a second downward movement can be expected. EOS is trading in exactly such pattern after yesterday the whole market had a big dump downwards. I suggest a short trade set-up here on EOS where the take profit is close to the 2.40 level Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:EOSUSDShort
by Trading-Guru
5
BTC/USD Approaching Pivotal Decision MomentIn this idea I will explain the recent price action of BTC and show you how to prepare for its next move. Currently we are witnessing a bearish retest on the S/R flip. Support and Resistance levels can usually be re-used after the price broke through. A level that used to be support, and turn into a level that can be resistance. More so than historical price action, these levels show that trades care about its existence. Right now, BTC is hovering around this point again of breaking through such a support or resistance. This is a pivotal moment where a break out in any direction be utilized. If we see it breaks out north and the price goes up. We can expect prices as high as $10,000. However, if it breaks down south, price of $9,300 are more realistic. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
3
XRP/USD Retracement To S/R Flip Gives Great Scalp OpportunityWe get the opportunity here to short trade XRP/USD and monetize the situation that it will retrace first, before getting ready to break through the resistance. I know that this isn't a 350%+ trade, so the moonbois will be disappointed in me when they read this. I made this idea for the true traders, who know that a few % per day will get them the financial stability they want based off trading. It's the trades like these where the real money can be earned. All further information for the trade can be found on the chart.
BITSTAMP:XRPUSDShort
by Trading-Guru
3