TA
Cardano Short SetupADA/USDT Possible setup for a short.
Exponential decay of previous trend was unsustainable, breakout was imminent.
Price then followed a linear rise, had a smallbear breakout and eventual retest/continuation.
Leading to where we are now.
Previous line bouncing between support/resistance looks to be the current trend top,
While the bottom continues on from a the first "stutter" after breakout of that exponential trendline.
DYODD, Set stops, not financial advice.
Final decision time for BITCOIN!It's long/short decision time as descending triangle formation nearly fulfilled. In general, a descending triangle is a bearish continuation pattern but could as well play out as a reversal pattern (we've seen both for BTC in the last months).
technical long target ~48k - first major resistance @38k
technical short target ~14k - first major support @24k
Also, pay attention to the bullish divergence in the RSI.
The green path shows the potential upwards movement after breaking the triangle. The red one shows a possible way to reach the bearish target of 14k.
Tbh, I don’t think we will fall below the 2017 ATH (20k). Actually, the fundamentals are looking not too bad and every dip to or below the 24k area should get bought up very aggressively.
Have a great week.
TOMOUSDT Short OpportunityTOMO/USDT has been one of the biggest gainers in the past few weeks during the crypto bear market
I believe the price is highly inflated, and is showing signs of breaking down
These indications are mostly influenced by the large dips BTC/USDT has made so i do expect to see TOMO/USDT test resistance again at roughly 2.77-2.80
If it breaks past this level, it will be going to the next stop, at 3.00, although 2.77-2.80 is very strong
And the fact that BTC/USDT has built a fairly strong resistance at 32000.00 with support being at 31000.00, i am expecting BTC/USDT to break past its support level and head to 28-29k which would influence TOMO/USDT's bearish reversal further
I am far from an expert, and am simply doing this to be able to look back and see what i got right/wrong, so please understand that if you do decide to trade this
And any feedback would be appreciated
Thanks
$ROKU Trading PlanAs long as 431.69 holds as support, I am targeting 449.08/462.99. For longs, I'd like to see a close above box on weekly. A breakout over 462.99 would validate the cup and handle. My next targets would be $478.08/$504.17/$538.96/$562.16. If unable to hold the box and support at 431.69, I am looking for an entry back into box and retests at $417.19. $405.15 is an important level to watch. If broken, bears should take control and drive price down to 382.40. Box is broken to downside if 365.05 cannot be held.
BTC direction coming soon hopefullyI would like to see BTC continue to follow the purple channel up, but there is some congestion around the blue circle here...orange resistance, 200EMA, and that blue horizontal resistance. I will be waiting for a break above the blue horizontal line before entering, and exiting at the top of the purple channel.
If we close below the purple channel I will be looking to short to the lower blue support line I have drawn here.
interest facts On the BTC charts i see some very interest facts showing up on the charts when i look for confluence to see what direction the market wants to move on btc,
im seeing the commodity channel index the momentum indicator and the macd all showing bullish divergence instead of bearish signal
you can see i have drawn some lines on the indicators to show what is actually happening inside the chart when you look at other indicators in combination
hope this helps others see the short term bullish pattern i see
this is no financial advice this is only my opinion and a hypothesis i feel the market will go up slightly before going down again
Bitcoin Long Term Technical AnalysisThere's a lot of FUD in the news for Bitcoin. Nonetheless, there are still a couple of support levels before we call it for the day.
In this analysis, I look at monthly timeframe with the RSI and previous ATM of 2013 - 2017.
I charted halving dates and ATM.
Let me know what you think.
Tesla on the rebound breaking above the multi-month downtrend Tesla found support at 655.55 and made a double bottom jeans with the furrrr rebound. It broke above the multi-month downtrend and is now testing the 700 resistance level. I’d say there’s about a 65% chance it will break higher back into the long term uptrend. Special thanks to Michael Blurry eyes who doesn’t believe in technicals and trashed the stock. Now it’s nice and cheap ;)
Dropbox gained a major multi year resistance zone!The higher low in november 2020 showed a break in market structure from a long downtrend since mid 2018. A higher high followed in december 2020 which was the first confirmation for a trend reversal. The next higher high en higher low fully comfirmed an up trend, which is still going strong and recently gained a multi year weekly resistance zone , which is a very probable new support zone to retrace to for the next higher low, and also a point of possible entry between 26 and 27 $. When the weekly supply zone around 31.3 and 32.3 $ is flipped the ATH will probably be challanged
The analysis above is not financial advice by any means, it's purpose is merely providing educational value tho those who are interested in learing about technical analysis
BTC Looking for another re-test of that 40k Zone??Morning crew!
BTC doing what we expected from this weeks update after just front running that demand zone.
We knew there was liquidity at this level and the buy up has a little more promising...HOWEVER
We're still in a descending structure and until we make a HH above that 40 zone, we'll play the range.
Looking at our 4hr indicators we have some room to move, so some upside potential is looking on the cards.
As we approach 40k and if we break this descending structure, I would be VERY cautious above opening any longs at that area until we get confirmation of a range breakout.
Some super bullish fundamental news for BTC this week, so the catalyst is certainly there for a move up!
::: According to my T Analysis :::::: According to my T Analysis :::
Major Support: 0.74 - Buy zone 1
Minor Suppor: 1.54 - Buy zone 2
Major Resistance: 1.97 - Sell zone 1
Minor Resistance: 2.7 - Sell zone 2
Good for Long Term Buying 🙂
USDMXN | SHORT-Values-
Entry Range: 19.93293 - 19.97017
Average Entry: 19.95845 (RRR: 1.86)
Stop Loss: 20.00931
Profit Target: 19.86254
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry:
NZDUSD | SHORT-Values-
Entry Range: 0.72242 - 072454
Average Entry: 0.72385 (RRR: 1.85)
Stop Loss: 0.72678
Profit Target: 0.71840
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
(The "Average Entry" you see in my ideas are always 1.8 - 2.)
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry: