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Short-term

Want to know what I believe? This is a small accumulation phase.Ethereum and most of its high profile tokens seem to be getting ready to make a move to the upside. Over the past 6 months every time, the RSI hit 57.5 Ethereum made a substantial move up. At its current velocity, this will happen somewhere before the 4th of February. Now, like any starting bull cycle, we may go sideways or move down instead, however it seems unlikely to go below the 20-week WMA that currently resides at $700. And for most of us, that is still a ways above our Dollar Cost Average. So hold on tight and enjoy the ride. 2021 is setting up to land on Mars.
KRAKEN:ETHUSDLong
by dylandeheer
2
KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!Hello Traders, We are seeing an ascending channel formed on the uptrend. I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP and ride the price up. But it's always smart to have Take Profits set to control what you're keeping along the way. When we get this pullback, I'm looking for a bounce off of the EMA 26. Short term, targeting the FIB 1.62. Mid-term, I'm going to be targeting $120 +/- Good luck!
Long
by MarkStPeter
BTC - H1 - CORRECTION UNDERWAY...short term strategyH1 : Recent rally looks to be over ! Indeed, after having filled the 61.8% Fibonacci retracement, BTC is now showing a potential double top in progress. In addition, indicators are turning down and a first confirmation will be given by a breakout of the Tenkan-Sen (currently @ 37753, ahead of MBB@ 36963 and finally Kijun-Sen @ 36407 ! A failure to hold above the trading range above mentioned would trigger further dowside, targeting first 35514, 34500 and 33487. The latter level being also, currently, the bottom of the clouds support. Strategy : sell from current level (38288 and towards former high 38790) TP @ 34'500 SL @ 39'484 RR : 1:3
BITSTAMP:BTCUSDShort
by Ironman8848
1
BTC - Potential Short-Term ShorAt the moment of typing this, BTC is testing its 1st Ichimoku Cloud Support on the 1hr chart. If that 1st IC support fails then it will become our new Resistance. We can also see that BTC is testing its lower level of its Bollinger Bands. For confirmation of the potential downwards momentum, wait for the Ichimoku Conversion Line (Blue) to cross back under the Ichimoku Base Line (Orange). If we just use the Ichimoku Cloud then we can see our next of potential level of support is the 2nd Ichimoku Cloud support at $36,000. If that 2nd support fails, then BTC will finally be in a short-term bearish trend because it will finally be in the Bearish Zone of the Ichimoku Cloud System. Looking at our Average Directional Index, the ADX line is 34 and the -DI (Red line) is at 35 and the +DI (Green Line) is at 11 indicating the short-term downtrend is strong. Good Luck
BITSTAMP:BTCUSDShort
by entertheroach
Possible Cup & Handle forming for Siacoin Hi all, Main TA Points; *** 1. Golden Cross Formed. 2. Seem to have found support at the 61.8 FIB. 3. Descending triangle invalidated. 4. Breakout accompanied by strong volume. 5. Promising fundamentals. 6. Find bottom indicator as well as MACD suggest return to uptrend likely. 7. Ichimoku offering support as well. *** Talking Points; *** A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such. We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured. The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio. *** Estimates; *** The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance. Price action expected to occur over the next 14 days. Good luck, *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
Long
by Traders-Corner
2