ETHEREUM in the volatility zone. Trade the range.ETHUSD is following BTC's lead and after it broke its monthly downtrend and 159.00 Resistance, is now consolidating.
Levels to watch:
- The former Resistance is now the Support (156.50) and is a symmetrical one, all the way back to April.
- Similarly 188.85 is the symmetrical Resistance level. Those two create a high volatility zone.
- The hard technical Resistance is 198.50.
- The RSI is also on a symmetrical Resistance level.
- The MA200 has already started to act as a Resistance (potential profit taking level).
- The MA50 may come from below to support.
How to trade:
- Wait for either a solid 1D candle rebound on the Support or rejection on the Resistance. Trading the range is the best option until a new clear short term pattern emerges.
Share your thoughts on this trade idea in the comments section below, and remember to stay tuned for future technical analysis, news, updates, and more from PrimeXBT.
Primexbt
Litecoin In Retrace Mode | Chart Mapped (8X Lev.)Here we have Litecoin (LTCH20) retracing. We can clearly see a break of EMA10 and EMA50 being tested.
Since Litecoin grew by 29% in this last wave, it is likely to see prices retrace further and test at the least the 0.618 Fib. retracement support, this would also match EMA200.
You can find all the important levels marked on the chart.
We are active here on 8X. Hit LIKE if you would like to see the full trade details.
Thanks a lot for your support.
Namaste.
EUR/AUD Builds Downwards MomentumHello traders!
Welcome to PrimeXBT’s latest trade idea, focusing on EURAUD’s price action.
Combine China’s numbers with stronger Markit Services and Composite PMIs from many European countries and with the EU as a whole, and we get a strong case for a move higher in EURAUD.
EUR/AUD bears will look to short near 1.625 with stops above the key resistance level. Bulls will look for a retest of horizontal support near 1.6093 to buy the pair. Support exists below at prior lows of 1.598.
In the weekly chart analysis on the left, the price action combined with the Relative Strength Index has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish, and a downtrend could soon follow with a target of the support line to around the 0.382 Fibonacci level.
Looking ahead, if bulls continue to push EUR/AUD's price above the key resistance level, other resistance levels are located at 1.67985. On the other hand, if the bears push it beneath the key support level, other support levels are found at 1.55880.
Key Resistance Level: 0.6325
Key Support Level: 1.598
Local Support Level: 1.6093
Bulls Target: 1.67985
Bears Target: 1.55880
PrimeXBT only offers you the most valuable analysis each day.
Keep an eye out for more PrimeXBT trading signals for other assets.
Will History Repeat Itself? Our Bitcoin Price ForecastPrimeXBT has investigated the markets and found some relevant data about BTC/USD that we would like to share with you.
Fundamental Analysis:
Bitcoin is the most mentioned search term relating to innovative value transfer systems, data from social media for the topics of “payments” and “fintech” reveals. BTC received 957 mentions in December, as the digital asset wrapped up a stunning decade of price appreciation.
Fintech sector expects expansion and adaptation in 2020, as fund inflows to this space grew in the last few months of 2019. Mentions of fintech were related to AI, machine learning, blockchain, 5G, cybersecurity, and Chinese fintech ecosystems.
In 2020, investors expect regulations to become clearer and more transparent as the sector sheds most of its shady “fly-by-the-night” projects. Regulators constantly adapt to new inventions in the space, moving to either regulate or ban some activities. Regulations in the EU tend to focus on money-laundering and terrorist financing, while the US Securities and Exchange Commission is focused more on IEO token sales and on tokens breaking securities laws.
Technical Analysis:
Recently, Bitcoin's broke out of its mid-term downtrend line formed from the June peak near $13800. Beyond that, bulls may turn their eyes toward the psychologically-significant $10000 level. On a longer-term basis, the key level of its horizontal support to watch will be the $6450 level.
The current Bitcoin price action echoes the trend the market saw from May until the end of June when its price rose from around $8000 to $13800.
While there’s no denying that the price action and indicator signals are eerily similar, there are several unique factors that could suggest that this time is different. The crypto’s major support level is near the $7680, below which the price is likely to resume its downtrend with a downside target of around $6964.
Lower time frames indicate a double top structure, which normally suggests that the asset tried to break above a key resistance level twice in a short time frame and failed.
Whether the rejection of BTC at $8900 is merely a healthy pullback or if it'll be the point of reversal with a continuation of its major bearish trend still remains to be seen.
Key Resistance Levels: $8805, 9090
Key Support Level: $7680
Support Levels: $7848, $7115, $6612
Support Zones: $8240 - 7930, 7930 - 7710
Market Cap: $157 238 615 882 USD
Volume (24h): $32 149 749 104 USD
Circulating Supply: 18 163 962 BTC
Watch closely for our future updates to be the first one to get well-timed trading signals!
PrimeXBT wishes the best of luck with your upcoming trades!
Imminent Drop Ahead? Bitcoin Showing Bearish Signals |Short-termLooking at Bitcoin (XBTUSD) short-term (1H) we can see that prices are now trading below EMA10 and EMA50 while the two indicators have a bearish cross.
The MACD and RSI are trending down and volume is really weak after multiple lower highs.
If XBTUSD fails to move back above $8093, prices are very likely to drop.
What's your take?
Feel free to share with us in the comments section.
Thanks for reading.
Namaste.
EOS Token (EOSH20) | One Signal Is Enough... Or Isn't...The yellow circled candle... That's the signal.
This is supposed to mean that prices are going higher... But one signal is never enough, for us, to make any buy/sell decisions, so we look for other signals to support this one.
We can see the MACD and RSI curving but prices for EOSH20 are still below EMA10 (green line).
The circled candle is a reversal signal but for me/us, it is only confirmed once EMA10 (0.0003475) has been conquered.
If prices close above EMA10 with good strength and volume, then we can say that EOS Token retrace is over and prices will resume going higher.
Namaste.
Ripple Running Out Of Time | Last Call For 8X + 338%The charts for Ripple (XRPH20) are almost ready.
Our trade goes for 338% on 8X leverage, prices are still within buy-in range.
You can see additional details on the chart. Click here for more:
This is not financial advice.
Leveraged trading is intended only for experienced/advanced traders.
We will share the full trade at 112 LIKES (buy-in, targets, stop-loss, and additional information).
Thanks a lot for your continued support.
Namaste.
Tron (TRXH20) Full Lev. Trade [TRXH20-LONG][10X][483%]Here is my full trade signal for Tron on BitMEX.
Wishing you great profits, success, wealth, and health in 2020.
---
@BBLREGBOT
Trade: LONG TRXH20 | TRON
Leverage: 10X
Buy-in: 0.00000180 - 0.00000190
Targets:
1) 0.00000218
2) 0.00000228
3) 0.00000235
4) 0.00000243
5) 0.00000260
6) 0.00000273
Stop-loss: Close daily (D) candle below 0.00000177
Liq. price: 0.00000171
(Current price 0.00000184)
Potential profits: 483%
Capital allocation: 7%.
---
This is not financial advice.
This is intended for advanced/experienced traders only.
Thanks a lot for reading.
Namaste.
Bitcoin (XBTUSD) Descending Channel, Bullish Flag & MA200Going back to MA200 on the 4H timeframe, Bitcoin (XBTUSD) has been going above and below this level on multiple occasions, basically giving us a sideways Bitcoin since late November.
This Bitcoin looks like it will eventually make a strong move to either side... In the meantime, the altcoins continue to grow.
We can clearly see a descending channel marked with purple dotted lines, as well as a big bullish flag.
We have some mixed signals here but the bulls are ahead as long as XBTUSD remains above MA200 and EMA10.
The important support and resistance levels short-term are marked on the chart with dashed blue and magenta lines.
Thanks a lot for reading and for your amazing and continued support.
Thanks | Namaste.
Bitcoin Cash (BCHH20) | It Is Time To Retrace (6X Lev.)We are active with Bitcoin Cash (BCHH20) with leverage on this drop. We are aiming at the 0.618 or 0.786 Fib. retracement support.
I won't detail the chart signals for this one as this is for experienced/advanced traders only.
Beginners tips
Avoid leveraged/margin trading.
Start simple (Buy and hold to later sell for-profits).
Study, practice, take your time and don't start you feel that you are 100% ready to get started. You can also learn on the as you go.
Invest time and energy in what you are doing to produce the results that you want.
Hit LIKE to show your support and come back for more.
Namaste.
Bitcoin Cash (BCHH20) Early Signals Are In | Easy 111%+Bitcoin Cash (BCHH20) just broke above EMA10 on really high volume, above-average. This can signal the end of the retrace and the beginning of a new move.
We are active here with 10X, which is super high risk and for advanced/experienced traders only.
Remember never to trade with leverage unless you are already familiar with trading and are already successful, as this is high risk.
On the chart above we have all the different targets marked based on Fib. proportions, as well as our stop-loss and indicators.
If you would like to see the full trade details make sure to hit like.
Remember to always have a plan before you trade.
This is not financial advice.
Thanks a lot for reading.
Namaste.
--
EOS Token (EOSH20) Ascending Triangle & Bullish Momentum (263%)
Litecoin Too Is Ready To Move | Lev. At 10X, Possible?Litecoin (LTCH20) is now trading above EMA50, strong potential for a bullish to happen next.
We are seeing volume slightly increasing to break above EMA50.
We are seeing other BitMEX pairs/instruments having bullish breakouts.
The RSI is now strong.
The MACD is turning bullish.
LTCH20 can easily grow here.
The blue dashed lines are there to mark our support levels. If one breaks (candle closes below it), the next one becomes the next support.
The magenta dashed lines are there to mark our targets, this is where people sell and secure/collect profits.
This is not financial advice.
All this information is intended only for learning and entertainment.
Thanks a lot for reading.
Namaste.
Bitcoin | The Fight For MA200 Continues | Bulls Are Lossing ContOn the 4H XBTUSD chart, the battle for MA200 continues.
Looks like the bears are gaining momentum while the bulls are losing control.
Prices for XBTUSD are now below MA200, the main resistance that needs to be conquered if Bitcoin wants to continue moving higher.
On this chart, below MA200 is bearish.
Above MA200 we go with the bulls...
Who do you think will win?
Namaste.
EOS Token (EOSH20) Ascending Triangle & Bullish Momentum (263%)We are seeing EOS Token (EOSH20) moving within an ascending triangle and gaining momentum.
Notice the higher lows and the black trendlines, prices are clearly moving higher.
Volume is still average but EMA10 and EMA50 have been conquered recently.
This chart can lead to some great gains.
We are active here with the following details:
Instrument: EOSH20
Leverage: 7X
Buy-in: 0.0003330 - 0.0003530
If you would like to see the full trade details, targets, potential profits, stop-loss, and more, make sure to hit LIKE.
This is not financial advice.
Namaste.
Cardano Finds Support? Too Early To Say? Not Really...Here I have the Cardano (ADABTC) chart for you, it is made with the intention of being simple and easy to read/follow, while at the same time it can be entertaining or simply show you the direction in which I believe Cardano will go.
Today's candle is looking really strong for ADABTC.
With this type of chart, another drop can easily follow before the bullish move, but I am getting the feeling that ADA might start to grow from here.
First, the 0.618 Fib. retracement support has been hit and the lower part of the ascending channel as well, this can lead to a move to the upper side of the channel.
Hidden bullish divergence is also present with the RSI.
Many other altcoins are starting to bounce from support and trying to move higher.
Will Cardano start to grow now?
You can look for the following levels for your answer.
If ADABTC can break and stay above EMA10, it is a signal that it is aiming higher.
If instead not enough momentum is garnered and prices move below the last low, now sitting at 0.00000447, then ADABTC can easily move lower.
As it is shown by the green arrow on the chart, I believe that Cardano will start to move up within the week.
What's your take?
Thanks a lot for reading.
Alan Masters.
Namaste.
Is Bitcoin Ready To Resume Its Growth? EMA100 ConqueredHere we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
Above this level, Bitcoin can easily move higher.
If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
This analysis is for the short-term.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Is Bitcoin Ready To Resume Its Growth? EMA100 ConqueredHere we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
Above this level, Bitcoin can easily move higher.
If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
This analysis is for the short-term.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Bitcoin (XBT) Moving To $10,000+ With Huge Strength, True?Bitcoin (XBTUSD) is now printing a very strong bullish move that started earlier this morning.
Looking at the chart above, we can see three big and strong consecutive green candles... With the last candle closing in under 45 minutes, if it closes above EMA100 ($7197), this becomes a very STRONG bullish signal.
This is just starting to take shape but it needs time to develop.
My prediction of a $10,000 Bitcoin in December 2019 is now completely possible, this is exactly the type of scenario that I've been seeing for the past few weeks... Let's see how it all develops...
We have a trade that I shared this morning before XBTUSD started to move, we are active on 7X leverage. Make sure to hit LIKE if you would like to see the full trade details. We will share at 111 likes.
Thanks a lot for your continued support.
Namaste.
Waves Prints Massive Volume | Huge Potential Ahead (130%+)Waves (WAVESBTC) printed three massive green volume bars in the past three days... This is the highest volume we've seen since July 2019.
We also have a break above EMA10 and WAVESBTC now trading above EMA50. The EMA50 break needs daily candle closure for confirmation.
The RSI is strong while the MACD is showing bullish divergence and allows for additional growth.
With many altcoins doing great numbers and these signals, we can easily say that Waves will grow if it remains trading above EMA10 at the least.
Thanks a lot for reading.
Namaste.
Ethereum Bullish & Bearish Path After Adam & Eve Bottom PatternEthereum (ETHUSD) printed the Adam & Eve bottom pattern and has been consolidating ever since... Now, the early signals are telling us that a new move is taking form...
Feel free to hit LIKE to show your support... Let's get started!
We look at the MACD and RSI and we can find bullish divergence on both indicators compared to ETHUSD. The MACD bullish divergence is stronger than the RSI, but the signal can be easily spotted on both indicators.
We can notice a long-wick on today's candlestick... This signal needs a daily candle closure for confirmation.
The light blue area shows our potential range for additional consolidation... Above this area, we can easily see ETHUSD going bullish/higher... But if prices move below, we can easily go lower.
The arrows on the chart represent the main scenarios that I am looking at right now, they go as follow:
1) Another drop, quick, that will result in a strong bounce up after support is hit.
2) ETHUSD starts to move up slowly and then makes a strong move.
These are the main scenarios we are looking at right now.
We have an active trade for Ethereum (ETHUSD) on 7X leverage... We will share the full trade if enough people are interested in seeing it and hit like now (111).
Thanks a lot for your continued support.
Wishing you a great week ahead.
This is Alan Masters.
Namaste.
FULL XBTUSD Trade [XBTUSD][LONG][8X][116%] @alanmastersHere is our full trade for Bitcoin (XBTUSD) with lev.
This is not financial advice.
---------------
Trade: (LONG XBTUSD | Bitcoin)
Leverage: 8X
Buy-in: $6900 - $7250 (This was our buy-in price)
Targets:
1) $7500 |Hit 27-Nov. (+30%)
*) $7667 |Hit 27-Nov. (+48%)
2) $7700
3) $7900
4) $8100
5) $8300
*= Peak price reached.
Stop-loss: Close daily (D) candle below $6700
Liq. price: $6456.5
(Buy-in calculated at $7230)
Potential profits: 116%
Capital allocation: 5%.
Date: 22-Nov. 3:01 PM GMT-4
---------------
4H Timeframe:
You can find additional details here:
Thanks a lot for the support.
Namaste.
Ripple (XRPZ19) Bullish Move In The Making, Will It Grow?Ripple (XRPZ19), is starting to creep up above resistance...
Let's take a closer look at the chart above here:
We can see XRPZ19 moving above EMA300 (grey line), EMA10 (green), EMA50 (magenta), and, finally, EMA300 (orange bold)... Above these levels this instrument can easily move higher, below it can go lower.
We have some volume coming in while Bitcoin is dropping. Bitcoin and Ripple move inverse short-term so this gives further strength to these signals.
The RSI and MACD are also bullish and strong.
You can find additional details on the chart above.
Please remember that this isn't trade or financial advice. All the information here is shared for learning and entertainment purposes only.
Leveraged trading is for experienced/advanced traders as you can lose everything if you don't know how to play.
Remember to have a plan/strategy before you trade.
We have a Ripple (XRPZ19) trade right now with over 140% of profits potential... If you want to see the full details, buy-in, targets, stop-loss, and additional information make sure to hit LIKE.
Here is an example (check the first update/comment | TRON Looking To Retrace? Next Support Mapped!
Namaste.