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XRP Bullish wedge & Trendreversal?Welcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Ripple . As a lot of our members and followers know, we are usually against buying shitcoins like XRP, but hey when opportunity arises we need to take place in the action. The XRP chart was one of the best looking charts a week ago and below we will describe what we see, saw and plan to do with this cryptocurrency. We will be analysing XRP using a top-down strategy , including candlestick patterns , indicators and price patterns. Monthly : - The last monthly candle closed as a bullish engulfing one. - This was the first bullish sign for XRP in a long time. - The MACD is showing bullish signs (for as far as it is to be seen) Weekly : - The last weekly candle closed as a bullish engulfing . - We can see that we broke out of the bullish wedge . - We closed just above the 50MA - The MACD has formed a bullish divergence and seems to be breaking out at the moment. Daily : - Last 3 daily candles were bullish engulfing candles, demolishing all Ma resistances. - This daily candle is also looking like it is going to close as a bullish engulfing one. - We can clearly see the bullish wedge from this timeframe therefore we present the chart for you from the daily. - Testing the 2800 resistance. (- Possible golden cross in +/- 3 days) In summary: We can see clear distribution against the wedge resistance which lead to this massive price increase. We are now at TP 1 for the bullish wedge , the other TP's can be found around 3K, 3.2K and 3.6K. Bullish wedges are known reversal patterns and often outperform their targets, therefore 4K resistance could be touched in this next month. Dont forget the XRP army, if the FOMO begins, other altcoins keep rising and Bitcoin keeps rising things could go really fast and TA might get difficult. This might be the bottem for XRP atleast for the short term. The monthly close gives XRP bullish momentum for the longer term, which is confirmed by the weekly and Daily timeframe . The XRP chart is one of the most bullish in the crypto space ATM and if you disagree and need us to review a coin, drop them in the comments! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
Long
by ForAllCrypto
ETH ready for 0.04BTC? Welcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Ethereum . There has been a lot going on around Ethereum, Ethereum 2.0 and Defi which has all helped to the current bullish view that a lot of traders have on Ethereum. We will be analysing ETH using a top-down strategy , including candlestick patterns , indicators and price patterns . Monthly: - Bullish engulfing close above the previous stated 3K important resistance. - MACD crossed Bullish. - Now testing the 0.035 Resistance. - Below the 50Ma. (located at 0.04) Weekly: - Last candle closed as a bullish engulfing candle. - We are now well above the 50 and 100 MA. (and seem ready to test the 200MA?) - The MACD is clearly showing a bullish divergence. - The MACD crossed bullish. Daily: - The last daily candles closed as bullish engulfing candles. - We had our support tested and confirmed at 0.03. - We are now well above all MA's. - We have a bullish MACD cross. - Testing the 0.035 resisttance. In summary: The monthly and weekly timeframes suggest that more upwards momentum is coming our way, so the long term is bullish. For this bullish momentum to sustain however, we do need a break and confirmed support at 0.035 (BTC), this resistance is vital to try and reach the 0.04 area. The 0.04 area is key because a lot of strong resistances are coming together: Monthly 50 MA, Weekly 200 MA and the Daily horizontal resistance line. Overtaking the 0.04 resistance and therefore reclaiming the weekly 200 MA would support a bullish trend for the long run. The volume seems to be supporting the bullish view for now so lets see what this month is going to give us! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
Long
by ForAllCrypto
LTCBTC not giving up yetWelcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Litecoin. We will be analysing LTC using a top-down strategy , including candlestick patterns , indicators and price patterns . Monthly: - The monthly close was a bullish engulfing candle. - We are still below all Ma's - MACD is still bearish (with potential) Weekly: - We had a darth maul close. (showing indecisiveness) - Litecoin just missed becoming a bullish engulfing on this weekly. - Bullish MACD divergence. - MACD in bullish territory. - Below all MA's. Daily: - The last couple of signals (boxed) we're hard to read but seemed bullish, we had a bullish engulfing, then an inside candle and a bullish engulfing darth maul candle where we tested the 200 MA. - We are above 100 and 200 MA. - MACD is bullish. In summary: The monthly close for LTC seems to be indicating more bullish momentum, we do however first need extra validation before thinking of way higher grounds. LTC has been lagging behind in the market at the moment, last month LTC even declined to the 10th place in all cryptocurrencies, where in the previous Bullruns, LTC led the market. LTC hashrate seems to be climbing back towards normal levels. The Weekly bullish MACD divergence seems real and if this continues upwards then we might start to think about a possible trendreversal. The Daily signals also seem pretty bullish. The short term is bullish but for the longer term we still need confirmation! So LTC has not given up yet and there are some signals that LTC might start following the rest of the market sooner than later, however nothing is decided yet so this month should be an interesting one! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
by ForAllCrypto
EURUSD OUTLOOK EURUSD - OUTLOOK Monthly time frame Price reached a key zone, this downtrend has been in place since Aug 08. On top of that, we have some signals supporting the relevance of this price level. Price level: Strong downtrend Resistance level Fibo retracement 0.618 Ema 100 - Working as resistance For sure is a tough zone, the price has been rejected and will retest the 1.19 level. Zooming in on the daily time frame, we see a false breakout, the RSI overbought with, and bear strong candle rejecting the price out. We need to see where the markets will move, personally I think the price will retest the 1.19 level and bounce back to 1.15 1.14 level bringing us a buy opportunitIes. I will be looking for trend reversal signals to short or wait for the breakout to go long. For sure it is an interesting zone to look at. Wish a good week to all of us. Peace!!!
by bruno.acorsii
2
ETC - STUCK IN SIDEWAYS TRADINGEthereum Classic (ETC) is currently stuck in a sideways trading period. However this could change should ETC manage to continue its recent upwards momentum. A breakout from $7.4 USD is needed for ETC to break away from this channel. ETC currently has bullish momentum: - Heikin Ashi - GREEN - BULLISH - MACD - POSITIVE CROSSOVER - BULLISH - Descending triangle formation - BULLISH BREAKOUT - RSI - High value - high interest - BULLISH - Bollinger Bands - Upper region of bands - positive movement after BB contraction - BULLISH ETC is looking handy at the moment, however if $7.4 USD is not broken then ETC will continue to trade sideways (with a likely move down to the support level shown) this is NOT financial or investment advice
KRAKEN:ETCUSD
by UnknownUnicorn10064030
A good risk reward trade to long EURAUD Interestingly, AUDUSD did not trade as strongly as I would expect given the strength in the EURUSD today. Risk on mode as a result of encouraging development in vaccine did not push AUDUSD as parabolically higher as always. The strength in AUDUSD has also pale in comparision to the EURUSD spike today. That means it is probably viable to go long EURAUD from here. DMI +is above to cross above the DMI - and EURAUD is trading at multi weeks low and can rebound strongly from here. The risk reward ratio make sense to go long on EURAUD here at 1.6330 with a profit take target of 1.6900 with stop at 1.6080
Long
by dawn996
XMR This is starting to show signs of life!This literally has been really stable for a while. The fact that it is holding above the 200 Day EMA is encouraging. As the trading range got squeezed tighter and tigher, it has now starting to show signs of trading higher. the 8D EMA has cut above the 13D EMA. In addition, it has also broke above the downward trendline as depicted above. The break up above 65.00 only meant nore upside is in the pipeline with a target towards 130 in the middle term! P/S Invest at your own risk! Do your homework!
BITFINEX:XMRUSDLong
by dawn996
20% Bullish Move on ATOM A Possibility...I've seen this exact formation play out on a TONNE of alts this year and this is a real bread and butter trade set up for me. We've got a W pattern inside of a larger W pattern and some nice upside potential as indicated by our VPVR, Ichimoku and EMA fan. The first hurdel for ATOM will come ar this 3100 level and the 50ma, where we could see a break and retest, before another up to the 50/61 fib around 3400+ sats and the 100ma. Don't want to get too excited about this, but 4000+ sats very much on the cards with the ATOM Stargate first testnet on July 27. PLEASE LIKE AND COMMENT IF YOU'D LIKE TO SEE MORE ALT CHARTS!! Have a great day friends :) - Tex
Long
by Unity-Trading-Group
2
BNBBTC A laggard ready to fly!A good number of Alts are showing signs of turning higher. EOS/ TRX/etc. Those already traded higher before i had a chance to cover them today. So that left BNBBTC. Actually, I prob need the EMA 8 to cross up first to confirm the trade but the ADX is showing fresh move up from here. And Given the the general buying tone in the rest of the alts, I am cautiously optimistic about this being the laggard! Buy here for a test of 0.001750 for 0.0026 ultimately!
Long
by dawn996
🏋️ 10 STEPS HOW TO DRAW TREND LINE IN 5 MINUTES [WRX — WazirX]Hello, have you familiar with 10 steps technic how to draw trend line in 5 minutes?! — I am not 😅 But in this 7 min video I explained how to make Simple TA for any asset using TradingView basic tools to understand where it goes. In this video: 1. How to draw trend line 2. Descending Wedge (Falling Wedge) 3. WazirX WRXBTC coin analysis, entries and targets. Previous WRX analysis and HOW TO MAKE TA in 10 min: Have fun, enjoy your trading This is Artem Crypto
WEducation
by ArShevelev
10
$LYV Wedge Almost Complte | Take OffBreakdown of $LYV Live Nation Trading With Options Estimated Play Time: - Trade 1: 4 Days - Trade 2: 18-22 Days Trade 1: - LYV $45 Put 7/17 @ $350 per contract, looking to flip the premium. Most likely won't hit in the money, don't be greedy. Trade 2: -Buying the breakout: This massive wedge should result in a overall move to $55 within the next month of so. When the time is right, we will be looking to grab - LYV $50 Call 7/17 @ Contract should be around $120 (currently sitting at $198) Do not trade this you will lose money DotcomJack | Easy Loot | The Dotcom Takeover
NYSE:LYV
by DotcomJack
7
Potential Snipe Trade SetupCurrently to me looks like we have a bit of a descending triangle forming in yellow on the 15min. If we get a candle close below my support I would be expecting a bit of a drop towards 9k which also happens to match up with my purple parallel channel that I've mentioned in previous posts, As long as we respect old support as new resistance. On the opposite side of things if we get a third touch point confirming my yellow triangle resistance followed by a candle body close above I would expect us to actually be in a bit larger of a triangle pattern (red resistance) which price will vary depending how long it takes to reach up there but just eyeballing looks like probably around 9450 ISH?
BITMEX:BTCUSD.P
by StuTubeTrading