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Trendreversal

ETH/USDT Update: Breakout out of bullflag is happening right nowIntro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano, Solana, Cosmos, etc. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - ETH dropped three times to the 1750$ level and did get a bounce each time. - The blue arrow shows a W shape recovery which is considered to be a strong pattern and signals a trend reversal. - Currently trading volume stays rather low which signals that some people still don't believe in a trend reversal. - On the RSI side we see a bounce off the 50 line which also did break the recent downtrend drawn by the orange line. - We see a golden cross indicated by the yellow camera. This time we see a strong separation between the different MA which is very bullish . - Price consolidated below 3400$ and seems to bounce of the 20MA to finally break through. Expectation: - We expect to continue the bullrun and aim for higher price targets. - Not much resistance is seen up to new ATH's, so it could be a fast ride. - We expect to hit the previous ATH soon within this month. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
ADAUSD Signals Possible Trend ReversalADA has failed to reach its all time high on 3 separate occasions. I missed the last one because I was gone the entire day (Saturday), but I spent a bit of time checking the the different timeframes and noticed a few things signaling a possible trend reversal. The first is the the most obvious: downward sloping highs. However, it lacks the retracement to confirm the trend reversal. If you take a look at the orange line I made covering the 200MA, I made this so you can see the slope diverge and slump over (the 200MA is the tiny orange line breaking off of the thick orange line). The next thing you want to keep an eye on is the large blue trend line I made. A break below this will signal a trend reversal, and falling past 2.48 will confirm a trend reversal. We have our lower highs, but we do not have our lower lows at the moment. The problem with this is confirmation of trends takes time, and for most people, they do not have the time. I have noted the possible support levels we have. If it falls, it is likely to land around 2.20. However, we will know far before that happens. I actually wanted to post a 1D or 1W chart showing where I think things will go, but I needed to use this chart to fit everything in that I wanted to talk about. All that being said, this does not mean there is a trend reversal as I said. I just want to make you all aware ADA is signaling bearish times. But like I have said a million times by now, trends change quickly. All it takes is a bit of news, a large money movement, or sentiment to shift for a trend to move in a different direction. The news regarding the release of Alonzo on the 12th has already been priced into ADA, in my opinion. For your information, I am still long on ADA and plan to hold it for around 5-10 years taking a bit of profit here and there. I will put it to you this way, I purchased ETH a long time ago around 75 bucks and sold most of it when it went to 350 back in 2017. That was quite the learning lesson for me. Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Now lets talk about why ADA has so much strength recently. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
10
REEF/USDT Update: Moving within rising channelIntro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - REEF continuous its recovery and trades within a rising wedge drawn using purple lines. - The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets. - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume. - Currently we sit above the new support around 0.22 Expectations: - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2
EURCAD long has alerted 🔔📳Entry details are shown on the chart. We are working the 2H time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Chart also shows previous short trade whit hit SL on that occasion. You can't win them all but this is a 62% win rate strategy. Trade history can be seen at the foot of this trade idea too for full transparency. The trade history for this pair and strategy stretches all the way back to 2015! Clicking on the list of trades you will be able to see every trade from August 2015 logged using this strategy. That level of data is invaluable for trading the markets and knowing if you are entering the market with a proven strategy. Lets see how trade number 470 plays out. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
NZDCHF - LongNZDCHF looks to continue its bullish long-term trend after a few weeks of bearish momentum. Price recently broke above the descending channel and the 4h EMA, suggesting a trend reversal. If price holds at the ascending channel support (around 0.6435), and fib level 78.6%, we could see bullish momentum really kick in, up to the 0.6545 level. Entry checklist: - rejection at ascending channel support and previous resistance around 0.6435 - rejection at 78.6% fib level - bullish confluence among MACD and RVI
Long
by francesgurton
1
NEO/USDT Big Pump and testing 1st resistance at 45$NEO just pumped and tests the first of three big resistance lines around 45$. Daily on the left hand side: - The RSI moved over 70 and is now near overbought area. We expect some kind of consolidation before we move upwards again. - The downwards trend seems broken after hovering above the lower yellow line. - We see a volume increase during the last days. 4h on the right hand side: - There is a golden cross involving the 50 and 200MA indicated by the yellow camera. - We spot a strong volume spike indicated by the green spiky ball. We expect some consolidation now which also could be very short term. In the long term we shoot for 120$ again. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
LIT/USDT Parabolic recovery on its way. Explosive?Litentry finally starts to recover from it's harsh decline during May and June. We see a volume increase which is indicated in the daily chart with a cyan line. The RSI on the daily shows a trend reversal analogue to the price action. LIT now did face some resistance around 3.8$ but this is expected to be temporary. The 4h chart shows a golden cross with the 50MA and 200MA involved. A first target can be set around 6$ with the second around 14$. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
LLong
by tumbler55
DOT/USDT Bounce at 10.5$ leads to trend reversal?Polkadot crashed hard during April and did not recover since. However, during July we did see a bounce at 10.5$ and DOT did break the series of lower highs for the daily RSI. Volume increased as well which is an additional sign. Now DOT moves into the 15-16$ range where we look for an upper breakout in price considering the downtrend. Once we turned the 15$ into support we take the trend reversal of DOT as confirmed. On the 4h chart we can expect to see a golden cross soon. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
1
Double EMA (DEMA) From ScratchHello, traders! Today we’ll speak about the most trivial, but very useful indicator that’s called DEMA. As you know, moving average is a backbone of 90% complicated indicators. It’s able to give lots of information about the price action. Well, let’s speak about it. The double exponential moving average (DEMA) is a technical indicator introduced by Patrick Mulloy in his January 1994 article "Smoothing Data With Faster Moving Averages" in Technical Analysis of Stocks & Commodities magazine. The DEMA uses two exponential moving averages (EMAs) to eliminate lag, as some traders view lag as a problem. The DEMA is used in a similar way to traditional moving averages (MA), but DEMAs react quicker than traditional MAs. How to use DEMA? -The average helps confirm uptrends when the price is above the average, and helps confirm downtrends when the price is below the average. When the price crosses the average that may signal a trend change. -Indicate areas of support or resistance. -Cross overs of 2 DEMAs. We sometimes draw fast DEMA(20) and slow DEMA(50). When the fast line crosses the slow below, it’s a bearish signal, when above - bullish. It’s consider to be a good entering signal. However, we shouldn’t forget that the indicator is still lagging. Guys, I should remember you that every indicator shouldn’t be used in solo. You should only use them in conjunction with other indictor when they confirm each other. I hope, this knowledge will boost your trading skills and make your trading staff more interesting and profitable. Have a nice day, dear traders.
Education
by Skyrexio
1