Targets
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find support soon (maybe by the end of the week).
Good luck traders! Many blessings to you all.
AUD/JPY: BOOM Hit All Targets In One Day Only +110 Pips CongratsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
12,927 or even 17,146 coming THIS WEEKEND or NEXT WEEK!Yes, I said it. Bold prediction I know. But, the way I read the charts, it looks as though all the stars are aligned. I've been wrong before (why I always set my stops), I could be wrong again. But geez people, just have a look at these indicators!
ETH: Next targets.Hello traders and hodlers! It’s been a while since the last time we studied ETH, but here we go!
Ok, ETH passed through the $ 289, which was our main target since May (I believe), and now it is in a clear bull trend , doing ascending tops and bottoms . It defeated another resistance at $ 364 and it seems it found a support at its previous top, around $ 414.
Since we are in a bull trend, pullbacks are just opportunities to buy. Also, the volume increased a lot over the last month, which is a good indicator that this bull momentum is solid. Now, there are few things to keep in mind.
First, the recent candlesticks have some nice shadows under their bodies , showing us that there are people buying near this support level. And since the trend is bullish, any bullish candlestick pattern could trigger a long trade.
Second, if we see a pullback beyond the $ 414, that’s ok, it won’t be a reversal sign . In fact, it could hit the red line at $ 364 again without ruining the trend. This gets clearer when we look at the weekly chart:
Yes, the chart is a little stretched lately, but again, that’s what pullbacks are for. To give another chance for those who didn’t bought it before, to jump in a safer trade.
The 21 ema might be a support as well, but we can’t count on it. The trend is strong now, and we can set a target at $ 517.
But if you ask me, in the long run ETH has the potential to hit the $ 828 again. And, of course, please, support this idea! You wouldn't still be reading this if you didn't find it interesting, right? And I invite you to follow me for more analyses like this.
There's no clear sign on ETH, but the trend favors the bulls.
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Cardano / USD - the most recent targets!Hello, Traders!
Since the start of the year, ADA has increased by 338%, all the way from around $0.03 USD to $0.14 USD which ADA is currently at. After seeing the growth, ADA has exceeded many of those in the top 30 by market cap, will this growth continue?
The only way has been up since March for ADA. This upwards trajectory can be clearly seen. However as demonstrated above, the ADA volatility is increasing hugely with this move up. Volatility increase could be a slight cause for concern, so it bears the question.
ADA has recently seen multiple bullish formations. ADA is currently trading within an ascending triangle formation. The ascending triangle has multiple points of contact, increasing validation. Before the ascending triangle, ADA saw a symmetrical triangle formation. This symmetrical triangle formation had a positive breakout and had a positive trend beforehand.
The overall formation is bullish. Seeing an ascending triangle formation after a symmetrical triangle formation (which had a positive breakout) is bullish. It is also bullish due to the huge upwards trend seen before the formations. If the symmetrical triangle is ignored (as demonstrated below), then the formation is still extremely bullish – providing that a positive breakout occurs.
Price targets
Bullish price targets:
The first bullish price target is $0.17 USD. If this was reached it would represent a 24% gain from our current position.
The second price target would be $0.22 USD. The likelihood of this occurring is low due to the $0.17 USD resistance level being very prominent. If this was reached it would represent a huge 57% gain from our current position.
Bearish price targets:
The first bearish price target is $0.11 USD. This could occur if there was a negative break of the ascending triangle and if the central PP was broken below. A move down to $0.11 USD would be a 17% loss from our current position.
The second bearish target is $0.09 USD. A move down here would be extremely unlikely, however it would be a 34% loss from our current position if this happened.
Please share your thoughts on the analysis and watch out for the market!
Good luck!
Bitcoin--Breakout or Reversal?
Is Bitcoin set for a break-out to the upside and potentially a return to $20k, or are we nearing the end of Bitcoin's latest rally?
The Bullish Scenario: Bitcoin consolidates around the lower 9k's for a while before retaking and sustaining above 10k. Price pushing above $10,500 results in a lot of buying pressure causing price to surge by thousands.
While Bitcoin has taken on a more bearish posture as of late, there are yet reasons to remain bullish. The traditional stock market is performing well. As long as the market as a whole is bullish, there is less reason to be bearish. The market tends to move together. Another reason to be bullish is because of the monthly read on the MACD indicator. The monthly appears to be positioned for a good close tomorrow (06/29/20) and Btc could get the monthly buy signal. It's generally counter-intuitive to be bearish when Bitcoin's got a green light on the monthly. If only the market were that simple.
The Bearish Scenario: Price falls to $8,600, then to 7500, then to 69.
There is good reason to be bearish. Price has been rejected at the top of the range once again, this time failing to even touch $10,500 before rejection at $10,429. Every day bitcoin fails to retake $9,300, $9,500--the bearish case is reinforced. Btc at the moment has death-crosses up to the 6-hour time-frame. This means (perhaps obviously) that movement averages on the lower, and increasingly higher time frames are flipping bearish. Weekly indicators and oscillators are pointed south, while lower to mid time frames appear indecisive and confused.
My opinion:
Volume and volatility are tightly contracted, which implies a big move is coming.
Not advice, but I look for a drop below previous swing lows for downside
confirmation and previous swing highs for upside confirmation.
Trading isn't knowing exactly what the market is going to do, it's being prepared for what it does.
Expending Triangule or Broadening?In my point of view, we are in an Expending Triangule with 3 major options:
A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable.
B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the triangle, but its very possible that movement is just a Beautiful Bear Trap, climbing fast the prices back to US$ 10,000 with a breakout in a few weeks, and our next target will be $17,800.
C ➜ The saddest option, without strong bulls, the bears hit the bottom of the triangule, triggering several stops orders, backing us to 3 years ago with the prices in $ 1600 and then $ 800.
So... What do you think?
USDCAD STRUCTURE LONG|BREAKOUT
The pair is moving nicely along the upward trend-line support.
A small local resistance confirmed breakout signals us that the bullish continuation to be expected.
Two possible targets.
First one-weak resistance-used to be support.
Next one-strong level.
Thank you for likes, comments and subscriptions beforehand.
Wish you a great day, friends!
BTC - WE JUST OPEN A SHORT POSITION (R/R = 1:5) - ENJOY WE JUST OPEN A SHORT POSITION ON BITCOIN CAUSE A 4H CANDLE CLOSED UNDER THE RED TRENDLINE ...
WE LOOK FORWARD TO SEE OWR 3 TARGETS IN PROFIT... JUST IN CASE THEY WON'T A STOP LOSS IS SET WITH A NICE RISK/ REWARD RATIO (1:5)
ENJOY, LIKE AND COMMENT!
THANK YOU