analysis goldif you see an ascending candlestick in time 15, inter the buying position.....
i hope the target is touched as in the previous analysis.
Targetprices
Dollar Index - 1D Chart AnalysisPossible rebound after the price has reached the Fibonacci level which is very close as a value with the 20 days Moving Average.
If the fast line of Stochastic will cross the slow one, it can be considered as a confirmation of this scenario.
All eyes on the Powell`s speech tonight!
ETH / BTC - Ethereum holding its support level since 11/27/2017Objectively:
- Ethereum is holding 0.025 support since nov17
- RSI at oversold area
- We'll probably see a move when Bitcoin consolidate.
Targets:
1. 0.03097
2. 0.04000
3. 0.05221
Stop:
0.02140
***
Manage your stop according to your risk management. This is not financial advice.
XRPUSD - 1D Chart Analysis Ripple started the month with the right foot, with it’s price crossing the 20 days Moving Average and creating a green candlestick above the later, which is often considered as a confirmation of the bullish trend.
Unfortunately, what was expected to be a good sign for the following days has turned out to be just an illusion because the trend has been changed again on the 3rd of March.
It’s important to mention that the same scenario has happened on the 16th, when the bullish trend on a 1D chart has started one more time, but the disappointment came back, this time after 5 consecutive days.
Therefore, we can say that nothing important has happened with Ripple so far, mainly because of the inconsistency of the trading volumes.
Today, the price is traded below the Pivot Level and based on the technical indicators we are usually using, it seems that the odds are not favorable for the following period :
* The “fast” line of the Stochastic is below the “slow” one and without any crossover registered between these 2, the chances of having a change in the price direction are very small;
* The MACD’s position at the bottom of the Signal seems to be very solid, meaning that there are more chances to see the price decreasing even more;
* The RSI has a neutral position and this usually shows the market’s indecision or the continuation of the sideways movements;
* With the trading volumes getting lower and with the Standard Deviations of the Bollinger Bands getting closer to each other, we have more chances to see the price going even lower.
Therefore, we have more chances to see the price getting even closer to the Support Level of 0.3068$ but any progress of the trading volumes comes with a possible target price of 0.3179$ on the short term.
EOSUSD - 1D Chart AnalysisEven if in the last 7 days the price lost almost 19% from it's value, February can be still considered a very good month for EOS, as the total growth is close to 56% today.
The beginning was hard, with the price moving sideways in the first week, but once the trading volumes have gained consistency, the price has found the necessary strength to cross the 20 days Moving Average and the bullish trend has started on the 8th.
This major change has been announced by the MACD, with it's Moving Average consolidating it's position at the top of the Signal, but also by the Stochastic with it's "fast" line crossing the "slow" one in the same day.
Therefore, we can conclude that the general trend on a 1D chart has been indicated by the MACD, while the Stochastic and the trading volumes accurately showed us the changes of the price direction for smaller intervals.
Today, if we want to follow the same pattern, we can see that these 3 parameters are slightly showing opposite directions as it follows :
* So far, the trading volumes are smaller than yesterday but there is some consistency showed by the green candlestick. This means that the price has chances to continue today's increase.
* The Stochastic is about to register another crossover and if it's "fast" line will go above the "slow" one, it will indicate the same direction like the trading volumes.
* On the other hand, the MACD has crossed the Signal for the first time since the 8th of this month and if it's position will be consolidated at the bottom, it will indicate a price drop.
Given these circumstances, the main scenario is the one where the increase will continue for a very short period of time but the price will eventually go below the 20 days MA and a Bearish trend will start from there. The ones with a higher risk appetite can consider the target of 2.73$.
LTCUSD - 1D Chart AnalysisAfter 21 consecutive days, period in which the price of Litecoin has moved in a range between the minimum of 29.82$ and the maximum of 34.67$, has finally found the strength to cross the 20 days MA and to stabilize above it.
In the last 3 days, since the Bullish trend has started on a 1D chart, the price has been increased with 6.37% based on promising trading volumes.
On the other hand, the technical indicators are showing a small contradiction for now, as it follows :
* The RSI is at the level of 53, showing a "neutral" position already for a while, meaning that there is no aggressive movement that we can expect, at least for the short term;
* The Stochastic's crossovers, which were registered on the 27th of January and on the 1st of February, indicated the changes in the price direction each time and now we are about to see a new one coming soon;
* The MACD which has crossed the Signal on the 1st of February and announced the beginning of the bullish trend, is still indicating that the price increase is not over yet.
At this stage, it seems that if the trading volumes will remain at least constant, there is a big probability to see the price having a small "correction", followed by another increase towards the level of 36.93$
ETHUSD - 1D Chart AnalysisIf we go back in the days in which the whole sector used to go through amazing times, a movement like the one registered by the price of Ethereum on the 8th of February would have had less chances to be considered impressing.
But nowadays, after the market drop we could see in 2018, a price movement from 105$ to 121$ is huge and for sure it brought back some of the hopes.
However, even if the market is very low compared to it's heights, we have to admit that the entire sector keeps it's specifications and remains like a "wild horse" compared to the rest.
After 29 consecutive days of bearish trend, we can easily go back in time and compare the elements which signaled such a period, so we can see if there's anything which can help us in our forecast.
Therefore, on the 6th of January we could see the "fast" line of the Stochastic going below the "slow" one, signaling a potential decrease of the price which eventually happened.
After 4 days of dropping we could see how the price went below the 20 days Moving Average, when the "Bearish" trend has officially started. The cross has been announced by the MACD in the same day as well, with it's Signal line maintaining it's position at the top.
Today, we are 3 days after the 15% increase of the price which was signaled by both of the previous indicators and we have a small contradiction between it as it follows :
* The MACD is still above the Signal, meaning that the bullish trend may continue;
* The "fast" line of the Stochastic is still above the "low" one but as long as these one are about to cross each other it is possible to see a change in the price direction.
* On top of this, the trading volumes are moderate and the RSI is maintaining it's neutral position, meaning that there are small chances to see an aggressive movement.
Based on all these details, we have 2 possible scenarios :
1. The price will start moving sideways between the Pivot Level and the Resistance Level 1, consolidating it's position, with the possibility of going towards 138$ for the upcoming days
2. After the period in which it will move sideways, the price will go below the Pivot Level with a possible target at 107$.
Considering the low level of the trading volumes, we are tempted to say that the 2nd scenario has bigger chances to be caught off.
IOTAUSD - 1D Chart AnalysisAs with Ethereum, the price of Iota has followed the same pattern with 3 different occasions :
1. The price increase which was registered on the 15th of December has been announced by the MACD's crossover on the 10th, the RSI's level of 48 registered with one day before and confirmed by the Stochastic with it's "fast" line coming above the "slow" one on the 16th.
As a result we could see a price increase which lasted 26 days (out of which 23 were of bullish trend) and a total growth of 0.1616$ or almost 75%.
2. On the 10th of January, when the price went below the 20 days Moving Average and when the bearish trend has officially started, the RSI had a neutral position at 44, signaling that there were small chances to see an aggressive movement after the big drop in the same day.
On the other hand, the ones which have announced the trend change were the Stochastic, which has registered a crossover on the 4th of January and the MACD which went below the Signal on the 9th.
As a result, we could see how the price has dropped and we can consider this period more like one in which the price has slowed down, as long as the daily average movement was constantly low for this sector.
3. The last was the price increase which we could see on Friday, the 8th of February.
In this scenario, the change in the price direction has been announced first by the RSI, which had the level of 30 and by the Stochastic's crossover registered on the 6th. This movement has been confirmed on the second day by the MACD as well, with it's Signal positioning on the bottom.
Today, these 3 indicators are in contradiction, as it follows :
* The RSI has a neutral position, at the level of 46, meaning that there is no "impulse" coming soon;
* The Stochastic is about to register a crossover, meaning that a possible price decrease may start anytime soon
* The MACD is still above the Signal, meaning that the bullish trend which has just started is not over yet.
As we can see, the technical indicators are showing different directions, more like on the 16th of December, but if the trading volumes will remain at least constant, it is possible to see the price of Iota setting a new height around the level of 0.31$ for the upcoming days.
XRPUSD - 1D Chart AnalysisAfter 2 days in which the trading volumes have increased, the price of Ripple has manage to stabilize above the 20 days Moving Average and new bullish trend on a 1D Chart has started.
A similar price evolution like the one from today has been registered 2 times in the last 3 weeks but in both cases, the price lost it's ground afterwards, as it follows :
* On the 30th of January, the price of Ripple has "jumped" with almost 12% but in the next 7 days, it has lost all of it's gained ground based on the decreased trading volumes.
* The same thing happened on the 8th of February, when we could see an increase of almost 8% but this time the losses which were registered after were smaller than before (only 3.83%).
In both cases, the growth has been signaled by the Stochastic with it's "fast" line going above the "slow" one and with the MACD setting it's position at the top of the Signal.
From the technical perspective, this time is different :
* The RSI had a neutral position, meaning that the actual "impulse" shouldn't be aggressive
* The Stochastic has registered a crossover on the 14th of February but it also gave us "false" signals before
* The MACD's position above the Signal has been registered since the 8th but in the meantime, the price had an inconsistent evolution.
In this scenario, the most reliable indicator in deciding the price evolution is represented by the trading volumes. And from here, we have 2 possible scenarios :
1. If these one will stay at least constant, there are chances to see the price of Ripple trying to break the Resistance level of 0.3253.
2. On the other hand, if the volumes will drop after the impulse like in the previous 2 cases, it is possible to see the price going back towards the level of 0.3089$ which is also it's average value for the last week.
BNBUSD - 1D Chart Analysis
After a period in which it has crossed multiple times the 20 days Moving Average, the price of BNB has finally settled above this one on the 2nd of February and the bullish trend which has started was also confirmed by the green candlestick which has been created in the same day.
This growth of 2.7$ which means about 40% was caused by the increased trading volumes and signaled by the Stochastic's "fast" line which has been positioned above the "slow" one.
Although the RSI had a neutral position and it was not announcing any upcoming aggressive movement (which eventually happened), it has managed to show accurately the price's correction started on the 12th of February.
Today, after 3 days in which the price has lost part of it's ground, there are some circumstances that could lead us to a possible scenario in which the price will continue it's rally, as it follows :
* the MACD is still above the Signal line which indicates that the bullish trend has not yet ended;
* The trading volumes seem to be growing after being moderate for 3 consecutive days
If these 2 parameters will remain constant today, there are big chances for the price to finish the day above 8.89$ and to create a green candlestick.
As for the following days, there are only 2 possible scenarios :
1. The MACD will cross again the Signal line and it will be aligned with the other 2 indicators (the RSI and the Stochastic) which are announcing a possible drop. In this scenario, a reasonable target price can be considered 8.14$
2. The MACD will bounce back from the Signal line, it will continue to be positioned at the top and it will indicate the beginning of a period in which the price will move sideways, with a possible slight attempt of heading towards 10.44$
NEOUSD - 1D Chart AnalysisSupported by the increase of the total market capitalization and by the positive trading volumes registered in the last 6 consecutive days, the price of NEO has followed the evolution of most of the coins and has registered a growth of 1.61$ or almost 23%.
It's important to notice that after the price has crossed the 20 days Moving Average, the first candlestick which has been created was a green one and it can be considered as a confirmation of the bullish trend.
The beginning of this increase which was registered on the 7th of February has been signaled by 2 indicators :
* After a negative evolution on the 6th of February, the "fast" line of the Stochastic has crossed the "slow" one, indicating a possible change in the price direction which also eventually happened.
* After 26 days of a bearish trend, period in which the price has tried 4 times with no success to "jump" above the 20 days Moving Average, the MACD has finally went above the Signal and has announced a new "chapter" for NEO's evolution.
Today, even if the MACD is still showing that the trend will continue, there are 3 reasons to believe that a "correction" will happen anytime soon :
* The first one is the RSI which is getting close to the level of 70, meaning that the price is about to be considered "overbought";
* Secondly, the price has touched the upper standard deviation of the Bollinger Bands, indicating the same as the RSI does;
* Thirdly, the Stochastic's moving averages are above the level of 80 and close to register a crossover, and if that will happen it will indicate a possible change in the price direction.
Based on the actual circumstances, there are only 2 scenarios for the following days :
1.The price will start moving sideways and it will continue the increase after it will go below 8$ first;
2.After the period in which it will move sideways, the price will go below the Pivot Level, and the chances for this scenario to be caught off will be increased if the trading volumes will drop.
TRXUSD -1W Chart AnalysisDespite the majority of the crypto currencies that appear to be moving slowly but surely at lower prices, Tron is about to register the 7th consecutive week since the trend is on the rise.
Thus, we could see how the price went above the 20-day moving average by mid-December, recording an increase of about 0.0069$ (or 34%) since then, based on some trading volumes above the average.
From the technical point of view, with the exception of the RSI which has a neutral position that signals rather the lack of a possible aggressive movement, the Stochastic and the MACD are indicating that this increase which started on December 17 is not over yet.
If trading volumes will remain at least the same, there is a good chance of seeing the price of Tron breaking the resistance level of 0.2976$ in the coming days.
ADAUSD - 1D Chart AnalysisAfter it's last failed attempt of crossing the 20 days Moving Average on the 20th of January, the price of Cardano seems to be set to continue it's bearish trend, influenced by the low demand for the coin despite it's very well looking project.
Since the 1st of January, the coin has registered a loss of 0.0029$ (representing only 6.90% from it's initial value) but at this stage, the odds are not looking too favorable for the following days.
From the technical perspective, the price has bounced back from the lower standard deviation of the Bollinger Bands but the increase wasn't strong enough to change the trend direction.
On top of this, with the RSI having a neutral position and with the Stochastic registering multiple crossovers but without any major impact, it seems that the price will continue it's sideways movement in this bearish trend.
If the trading volumes will remain as low as we could see it in the last weeks, the price has big chances to continue is decrease towards the level of 0.0361
ETHUSD - 1D Chart AnalysisAs we have mentioned on the previous post about Ethereum, the price has registered a bearish trend since the 10th of January, once it crossed and stabilized below the 20 days Moving Average, with it's daily range movements decreasing as well.
Like before, the RSI and the Stochastic still have "oversold" positions and on top of this, we can also add the position of the price close to the lower standard deviation of the Bollinger Bands which is indicating the same possible "correction".
But, as long as the MACD will stay below the Signal it is possible to see a continuation of the sideways movements, rather than a consistent price increase, with an attempt of "breaking" the level of 100$ in the following days.
IOTAUSD - 1D Chart Analysis
The end of the year has represented a good period for Iota, with it's price increasing from 0.2506$ on the 17th of December to 0.3726$ on the 10th of January, registering a total growth of 48.63%.
Although the odds were looking favorable, the coin was pressured afterwards by the drop of the market capitalization, with the investors being concerned more about the stock market earnings season.
In other words, once the bearish trend on a 1D chart was settled on the 10th of January, we could see a period in which the price evolution was slow and inconsistent, followed by 6 consecutive days of losses (including today) caused mainly by the very low trading volumes.
And even if the RSI and the Stochastic are close to their "oversold" levels, the MACD is still below the Signal, meaning that it's possible that the price to slow down for a couple of days and then to drop again.
Considering also that in the following days we'll have companies like Apple, Pfizer, Verizon and other big names coming up with their financial results, it's possible for the total market capitalization to continue it's negative rally and also for the price of Iota to go towards 0.2050$.
The save up may come from the FED if it will take a surprising decision on Wednesday, but the chances are fairly small.
ETHUSD - 1D Chart AnalysisSince the 10th of January, once the price has crossed the 20 days Moving Average and the Bearish trend on a daily chart has begun, the price of Ethereum has registered 12 consecutive days in which it has been moved sideways with an average daily movement of 11.2$.
At this stage, it is traded below the Pivot Level (Average Price) of 125.53$ and it also had 2 consecutive failed attempts of finishing the day below the next support level of 116.65$.
On top of this, the RSI and the Stochastic have "oversold" positions which in these circumstances can be interpreted as a continuation of the sideways movement, confirmed as well by the MACD which is still below the Signal.
If the trading volumes will remain at the same level, we can consider 107$ as a possible target price for the following days.
TRXUSD - 1D Chart AnalysisAfter 2 failed attempts (on the 20th and 21st of January) of changing it's direction, the price of Tron has bounced back from the 20 days Moving Average and it has registered 3 consecutive days of growth, continuing it's bullish trend.
Another important thing to mention is that the price of Tron has failed to break yesterday the Resistance Level of 0.0275 but it seems that today it may give it another try.
This scenario is also supported by the technical indicators, as it follows :
* The RSI is 61 but is has been around this level for some time already and the price has been increased;
* The "fast" line of the Stochastic is above the "slow" one and there is no sign for a possible intersection or change in the price direction, at least for now;
* The MACD looks like is about to cross the Signal, meaning that we might get a confirmation for the price increase anytime soon;
* The trading volumes are not impressive but we have to consider that today can be the 4th consecutive day in which these ones will end up on "green"
Out of all the possible scenarios, the one which seems to have the biggest chances to get caught off is the one in which the price will continue it's range movements with a possible target price for the next following days of 0.0300$
XRPUSD - 1W Chart AnalysisIn the last 18 weeks, the price of Ripple has lost almost all of it's growth registered on the 17th of September, (day in which it has doubled it's value) based on the trading volumes which have been inconsistent.
And even if the evolution of the trading volumes oscillated, the trend of these ones remained negative and we can say today that the price of Ripple is "searching for it's bottom".
At this stage, the RSI seems to remain constant at the level of 42. The Stochastic has an "oversold" position but there is no sign of a trend change, as long as it's Moving Averages are not intersected yet. On the other hand, the MACD is still below the Signal, meaning that the the price decrease may continue.
However, if the trading volumes will remain at the same low level, there is no sign for a big decrease in the market.
Considering all these circumstances, it is possible to see the price of Ripple going through a period in which it will continue it's sideways movements down to the level of 0.2500$ before it will start to increase again.
ETHUSD - 1D Chart AnalysisFollowing the aggressive movements when the whole market has dropped, the price of Ethereum has started it's sideways movements since the 23rd of November.
The Pivot Level (or the average price) for this interval is 116.88 and at this stage the coin is traded nearly below it.
Considering the RSI's level of 29 (oversold), the Stockastic's crossover below the level of 20 and the MACD which has just crossed the Signal, it is possible to see the price having a slight increase at least above the Pivot with a possible target price of 13.73$ in extension.
But the expectations shouldn't be that high as long as the trading volumes are quite low and a 19$ movement of the price was not registered since the 25th of November.
ADAUSD - 1D Chart AnalysisAfter it has dropped in November from 0.0706$ to 0.0388$ and it has registered a decrease of 45.04% (or 0.0318$), the price of Cardano has started the current month with the right foot.
The RSI had a slight return from the "oversold" area, the Stochastic has registered a crossover on the 1st of December followed by a small increase of teh price, which was also confirmed by the MACD as long as it's Moving Average has "jumped" above the Signal.
The contradiction comes from the lower trading volumes compared to the previous days and also from the Doji candlestick which was created yesterday, with the price finishing the day at the same value of 0.0419$ as it started.
Traditionally, there are some circumstances in which it is considered that a Doji candlestick is showing the market's indecision or a possible change of the price direction. But this doesn't seem to be too relevant for Cardano as we could see the same situation on the 23rd of November and the price just continued the drop.
Overall, it seems that without any news which can stimulate the trading volumes, the price has big chances to start moving sideways and to stay between the Resistance Level of 0.0464$ and the Support Level of 0.0398$ for the following days.
XRPUSD - 1W Chart AnalysisAfter the big drop of the market capitalization which made most of the crypto currencies to be under pressure, it seems that the things have calmed down, at least for the short term.
And even if most of the charts are indicating "bearish" trends, the one for Ripple can be considered an exception caused by a small "delay".
On a 1W chart, we can see how the price has jumped on the 3rd week of September between the 20 days Moving Average and the upper standard deviation of the Bollinger Bands and "officially" it still has a bullish trend.
But the actual situation is about to change as long as the RSI is heading towards the "oversold" area, the "fast" line of the Stochastic just went below the "slow" one and the MACD seems to register a crossover anytime soon.
The ones with a higher risk appetite can consider opening "Sell" positions with a possible target anywhere above the Support Level of 0.3532$ while the "cautious" ones can wait to see if the red candlestick will be fully created below the 20 days Moving Average, as a confirmation before taking any decision.
HoloChain (HOT) Bullish Setup!! Trade Analysis: 32% - 250%Here is the chart on HoloChain. The red lines are resistance levels, the blue are support levels, and green lines are take profit levels (also resistance).
My Entry: 16-17 satoshis
SL: Close below 16 sats (local support)
Take Profit 1: 24 sats ... I will sell 33% here
Take Profit 2: 28 sats ... I will sell between half and all of my remaining position here! I may look to re-buy. Will update.
Awesome Zone: around 40 sats, all the way to 50 sats. This is the best case scenario that I can see HOT getting to. Beautiful 2.5x trade in this case.
(Bonus!) Scalp Take Profit: 20 sats (only if you want to sell and try to rebuy around 18. Risky!)
For the Scalp traders, Look up the "Cup and Handle" formation, because that's what you're GAMBLING on when you scalp a bullish setup :)
Hello all, I hope you enjoy looking at my simple trade setup for HoloChain. Fundamentally, I like their team, their mission, and their overall image. It is clean, modern, and they know how to hype the crowds. There is some strong community involvement on Twitter. It just gives me that tingly feeling that makes me want to take a chance on it.
My trade setup this time is simple. I have identified the obvious resistance levels and support levels based on what little price history I have to go off (this is a newer coin). I will set alerts on my Delta app when price reaches 1-2 sats below our Target. I will then tune in to see if I should sell a satoshi lower than the price target, as other traders will often set orders at these more obvious targets as well, and there may not be enough buyers at that level to fill your sell order :) so I'll gladly lose a few profit points and sell at 23 sats if that's what it takes. Trade the way that works for you!! But caution and securing profits is highly important, and at 23 satoshis we will already have made a 27% profit!! Do not be greedy.
Okay that is all for now. Thank you for tuning in. Let's see how this trade plays out :)
NOTE: HoloChain is NOT a cheap coin!! It is currently ranked 46th on CoinMarketCap! So don't let the low sats fool ya :) Still plenty of upside but bet your biscuit it can go a lot further down than up if the market permits.
Always trade with caution and care, as this is still a highly volatile market! Good luck :)
Oh, and for everyone posting "Bitcon new uptrend!" or "Bitcoin to 10K?!?!", please calm down, price still hasn't broke 6.6k let alone 7k. This is the kind of stuff that's going to get us REKT and send us to 4k or 5k. Lord. Best of luck.
