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Technical-analysis

ETH 4h technical analysis Hello everyone, hope you all doing good. I'd like to share with you my opinion on ETH. * This is not a financial advice, use the idea with your own strategy and risk management * as you can see, we had a good channel in 4h chart, and with crypto market crashing, we broke out of it. it might still be a false breakout and stop loss hunt for a bigger ride but we have to consider everything. here you can also see weekly map on chart, to clarify what a weekly map is I gotta say it marks highs and lows of each week and lets just say price likes to go back to these levels. considering that, I have marked all the supports that price might pay a visit with red lines which are 3884,3679 and 3369. I'd like to see some strong bull candles on support zones, and I have two possible scenarios on this chart which are also drawn on the chart. and my first target would be 4460. I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldnt miss out any updates. Like if you think this was helpful and let me know on the comment section below. * This is not a financial advice, use the idea with your own strategy and risk management *
Long
by Algo_Analyst
USDZAR big move incoming !Hello everyone, I hope you all doing well. I've been watching this pair for months now, it has respected technical price action very well so far, we had this huge heads and shoulders formation ( shown on chart ) in which we broke out yesterday successfully, I believe once we got here there is no going back. * This is not a financial advice, use the idea with your own strategy and risk management * I personally like this very much. check it out for yourself ;) I'm also writing about most of crypto currencies; Follow me on TRADINGview so you wouldnt miss out any updates. Like if you think this was helpful and let me know on the comment section below. * This is not a financial advice, use the idea with your own strategy and risk management *
Long
by Algo_Analyst
SAND in danger !Hello traders, welcome back. * This is not a financial advice, use the idea with your own strategy and risk management * I published an analysis on Sand few days ago, explaining what has happened and what is probably going to happen, you can read it here : anyways, I explained that we would probably hit ATH once again, as we did so, its time to decide; Currently price is forming a doji candle stick on daily chart and an engulfing bar on 4h chart, for daily we need confirmation of todays close and tomorrow. but as we hit ath we might form a double top which is a bearish pattern. I wouldn't recommend any buy or sell order here, all I wanted to warn is that this thing might go down so save some profit and put your sl on breakeven to prevent from any loss. * This is not a financial advice, use the idea with your own strategy and risk management * I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldnt miss out any updates. Like if you think this was helpful and let me know on the comment section below.
by Algo_Analyst
Cardano ( ADA ) 4h chart analysisHello traders, I hope you guys doing well. * This is not a financial advice, use the idea with your own strategy and risk management * Cardano been in a downtrend for so long and lets say last few weeks weren't its best days. Cardano has strong fundamentals and is a good project so Im willing to see some good moves from it. as you can see we made a new low today, near 2 weeks ago low, we are currently on a support zone, this zone has been acting really strong so far. I believe we should start moving toward higher prices soon and we should breakout of channel eventually. * This is not a financial advice, use the idea with your own strategy and risk management * I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldnt miss out any updates. Like if you think this was helpful and let me know on the comment section below.
Long
by Algo_Analyst
2
Zilliqa daily chart analysisHey everyone, I wanted to share Zil technical analysis with you for a while, couldnt find a chance. it seems pretty bullish to me. We have been making two rounding bottoms, we also had a cup and handle formation, and we are currently at the bottom of an uptrend channel. Take profits are marked with red line on chart but Im writing them down again : Tp1 : 0.13659 Tp2 : 0.15557 Tp3 : 0.20670 Enjoy ! Comment your opinion bellow. Don't forget to Like and Follow me ;)
Long
by Algo_Analyst
5
GRTUSDT technical analysisHello everyone, lets quickly get into GRT analysis. it has been shaping two rounding bottoms for a long term, we have had a good run from bottom to major resistance ( black line ) on top ( which is about 80% up ) and it was kind of a cup and handle pattern. I believe as we reached on top of the black line resistance, we have now a lot higher to go. we are currently under 1.32 resistance which I believe will break soon, and after that my tps would be: TP1 : 1.52 TP2 : 1.75 TP3 : 2.21 TP4 : ATH Remember, its just an analysis use it in your own strategic ways. Good luck everyone and have profitable trades.
Long
by Algo_Analyst
1
XAGUSD, 4h analysis Hello everyone, this is my first idea which I'm sharing, its just my opinion and I'm not much of an expert here so don't rely on it much; less being said lets get into it. So I have pretty much labeled everything on chart, but to explain it more carefully I will write everything down. we have been in a long down trend which we broke out and price been rising since, by hitting the neckline resistance zone, we had this correction which can also be considered as pull back to breakout zone. as you can see there is a good support zone below the neckline which price showed reaction to and bounced off a little bit and stopped us from going further down. I believe the bigger uptrend is starting and we are about to see some rises in price in near future. if price continues to go up to retest the neckline, it will complete a heads and shoulders trend reversal pattern. with that being said, my tp zones will be : TP 1 : 23.45 TP 2 : 24.13 TP 3 : 24.58 Let me know what yall think in comment section below and good luck in your trades.
OANDA:XAGUSDLong
by Algo_Analyst
Realistic path to 100k BTC From a fundamental standpoint, typically when there is a negative correlation between funding rates and price action the price continues in it direction until funding resets. Currently on the most recent dip from 63k funding has been on a general uptrend. This suggests that we are likely to head lower before getting a significant bounce. Leverage needs to be flushed out and BTC needs to dip in order to grab liquidity and head much higher. Technically speaking, price action has been traveling in a tightening range forming a symmetrical wedge. Depending on how the support/resistance lines are drawn some may say price has already broken down; however recent price action has carried no volume nor significant volatility so this suggests a high probability of still being within the pattern. This wedge has targets of either 75k or 48k depending on the breakout direction. Symmetrical wedges are considered continuation patterns so the likelihood of breaking up is higher, but taking into account the high amounts of leverage and general lack of interest in the market currently, I believe a fakeout to the downside will occur before an upwards breakout. Based off of the Volume Per Volume Range (VPVR) significant support lies between 56k-58k and this is where we likely get a massive bounce. www.tradingview.com
BITSTAMP:BTCUSDShort
by coryc089
GBPJPY H8 - Short SteupGBPJPY H8 - Short Setup We bounced as much as 1.5R this morning, but as mentioned in the technical rundown, we are starting to lose bullish momentum. Each time we pull to support (seller control), buyers can't seem to bounce any higher. Typically signals a possible bear break in the pipeline, very similar to what we have marked on BTC. Our confirmation is a break and retest of support, confirmed seller break and market relief for short entries down to 153.
Short
by Trade_Simple_FX
USDCAD RSI DIVERGENCE + FALLING WEDGE REVERSAL - H4 *UPDATED*Please zoom out to see my chart fully. Highly likely reversal on USD/CAD. This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new swing low - DIVERGENCE. We also have a lovely double top pattern on the H4 chart at daily support (which is again the black line) that has failed to make a lower low. However before I enter this trade, I want to see a H4 candle close its body above the trend line to signify a trend line break. Then I will look for long (BUY( trades on intraday timeframes. DISCLAIMER: DO NOT TRADE THIS IDEA. IT IT NOT 100% GUARANTEED TO WIN AND YOU MAY LOSE MONEY. TRADING INVOLVES RISK.
Long
by markboateng91
2
USDCAD RSI DIVERGENCE + FALLING WEDGE REVERSAL - H4 Please zoom out to see my chart fully. Highly likely reversal on USD/CAD. This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new swing low - DIVERGENCE. We also have a lovely double top pattern on the H4 chart at daily support (which is again the black line) that has failed to make a lower low. However before I enter this trade, I want to see a H4 candle close its body above the trend line to signify a trend line break. Then I will look for long (BUY( trades on intraday timeframes.
Long
by markboateng91