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Trendreversal

ETH double bottem playing outWelcome fellow Tradingviewers, Altcoins have been taking of for the last couple of weeks and Ethereum does not want to be left behind. Ethereum is the number two with about 10% dominance in the crypto market, will that rise? Let's find out! We will be analysing ETH using a top-down strategy, including candlestick patterns, indicators and price patterns. Monthly : - The september monthly close gave the first Buy signal. - The last monthly close was neutral and this one is starting to look like a bullish engulfing candle, indicating more upside momentum Weekly : - We found support on the 17500 sats area twice now, resulting in a double bottem, with it's target around 28000 sats, indicating more upside momentum. - The last weekly close was a bullish engulfing candle, indicating more upside momentum. - We are currently above the 50MA, indicating more upside momentum. - MACD has crossed bullish, indicating more upside. - RSI is in neutral territory Daily : - The last daily candle has closed in a bullish engulfing candle, indicating more upside momentum. - We are currently testing the first real resistance around 25000 sats, indicating downside momentum. - MACD is in bullish territory, indicating more upside momentum - RSI is oversold, indicating downside momentum. In summary: We can clearly see that we have broken through the 22K sats resistance, tested 23K, retested 22K and are now heading higher. You could say that this was the neckline of the double bottem pattern. So from now on we expect that ETH is going to act as is usual when a double bottem has formed and this means that ETHBTC should head higher towards the: 27/28K sats area. Upon reaching this area we will update again. 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, FORALLCRYPTO
Long
by ForAllCrypto
1
VETBTC following the planWelcome fellow Tradingviewers, In our last analyses we clearly showed everyone the buying range from 58-60 sats catching the wick of the weekly candle perfectly. If you would have bought in that area, you would now be in a profit of around 30% which is a nice start for just a few weeks. Monthly : - Monthly close above 78 sats would be a big deal because then we would have our 3rd bullish engulfing on the monthly, indicating more upside. Weekly : - Last weekly candle was a neautral one. - We are currently testing the 50MA resistance, breaking above would be bullish, for now indicating more downside momentum. - RSI is neutral - MACD is still bullish, indicating more upside. Daily : - The last daily candle has closed as a bullish engulfing, indicating more upside momentum. - We are currently testing the last resistance when it comes to MA's Currently testing the 100 MA - MACD is still bullish, indicating more upside momentum. - RSI is in neutral territory In summary: The most important thing to watch now would be the breaking of the 50 MA weekly, if we manage to break this resistance then we are almost certainly ready to test the 100 sats area! 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, FORALLCRYPTO
Long
by ForAllCrypto
NEOBTC ready to rise?Welcome fellow tradingviewers, NEO/BTC is showing some real vital signs. With the mini-Altseason we have had the last couple of weeks NEO has been holding back. But now it might just be time to shine! Monthly: - We saw a beautiful bullish engulfing candle back in October, indicating more upside. - The months after october have been slow indicating more upside. Weekly: - The last candle closed in a bullish engulfing cande, indicating more upside momentum. - We are currently testing the 50MA, indicating downside momentum, unless we break it on the first try and find support. - Weekly MACD crossed bullish, indicating more upside momentum. - RSI neutral. Daily: - This daily candle is looking like a bullish engulfing, which upon close would indicating more upside momentum. - Daily cup and handle can be found with the breakout level around 1500 sats. - we are above all MA's and have used them as support, indicating more upside momentum. - MACD crossed bullish, indicating more upside momentum. - RSI is neutrals. In summary: The most important resistance to break right now would be the 1500 sats area. If this area breaks, the C&H pattern will be breaking out. The C&H pattern has a target around 2100-2200 sats, if this C&H pattern is going to show us some real strentgh then we might be heading even higher towards the 2600 sats area, but this is too soon to say right now. Let's focus on what is going to happen in the 1500 sats area first. 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, FORALLCRYPTO
Long
by ForAllCrypto
ADA Cardano - I am super bullishMy argumentation: Cardano has been sold off three times for more than 80% - Elliot Wave Theory --> ABC correction coming Selling pressure seems to be gone since moving in that range, it doesn't seem as if anyone wants to sell it below these prices --> market makers will have to move in the other direction to benefit from the situation The 200 ema in the Daily setup has been crossed and confirmed with two positive candles, (third today) RSI came out of negative slope and was confirmed in the weekly. Ichimoku nice close and room to minimum of cloud (not shown in chart) Personally I went big time into this setup. Not financial advise! Happy trading!
Long
by Thierry88
ICX - 1 month later analysisAn update of my trading plan One month after the first analysis, let’s have an update of the trading opportunity we had. First of all, we also had a weekly higher high; normally the long term downtrend is finished; really good news for investors and bag holders. The price took the right direction; the technical analysis was not so bad but it wasn’t the toughest part of the job :) We reach the targeted area (orange circle on the chart) but I have lacked of ambition, the 0.33$ target was too low; the perfect trader would have sell only a small part of his coins at that level and let his gains run higher. I sold 60% at that level and 40% before 0.4$. I could have done much better; but I’m happy to not loss any money. Now, just a few word on the current situation. The momentum is really impressive and definitely not the time to enter. I will wait for a price correction and maybe make another analysis for the next level. if you are still in (swing trader); you are steel-nerved but don't forget to take your profit (at least a part of). You already made an excellent trade. Will you wait for the weekly EMA100 before correction? I'd be curious to hear your ideas
BINANCE:ICXUSDLong
by cryptonarsul
Simple Breakout trade for XLMXLM has been on the down and down for years now but it looks like there might be a chance for it to breakout. Given the right conditions I believe XLM could break to atleast 9 cents in the near future. For longer term targets assuming we can hold prices above 9 cents, our next target would be straight to 13 cents, then 19 cents This will all be very likely so long as we hold the support that i highlighted in green. Something that wold give me more confidence is if we close the weekly above the support here. Daily closes can be nice too but the weekly wold be safer.
BINANCE:XLMUSDLong
by RizeSenpai
VETBTC Rally number 2Welcome fellow Tradingviewers, In the first analyses of VETBTC we showed you guys the outbreak of the falling wedge, then we showed you guys the forming of the Cup & Handle pattern on the HTF. Not much has happened since then but we are updating because new oppurtunity arises. Let start: Monthly : - Monthly is not looking to exciting, currently turning into a bearish engulfing which would indicate downside. Weekly : - Starting to enter the support zone from the last real dumping area. - looking like this could become a bearish engulfing which would also indicate more downside. - The cup and handle pattern is still valid Daily : - We are currently nearing our second buying area which is located at the trend indicator, the 200 daily moving average. - Death cross from the 50 and 100 MA could become a thing indicating more downside. We are a huge fan of buying the 200 MA on the different timeframes and the daily usually is a pretty strong support zone. For our cup & handle analyses to be valid we need the 55-60 sats to support the price. However if the 200 daily Ma fails we might be back at the start and could again become bearish. This analyses is only showing you guys our vision on VET and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! If you have anything to say about this analyses you can do so in the comments below! Kind regards, Forallcrypto
Long
by ForAllCrypto
LTCBTC trendreversalWelcome fellow tradingviewers, For the ones following me for a longer period of time we have mentioned a possible trendreversal on LTCBTC a couple of times. After our last analyses we had a small fakeout to the downside with the miners capitulation sending the prices into one last dark hole. Since then prices have returned to the mean and we are now getting even better signals. So lets jump straight into analyzing shal we? Monthly : - A candle closure above 0.0065 is very likely to happen, this would indicate a bullish engulfing candle of the monthly which is a great indicator for further upside. - The volume picture is also corresponding with the bullish engulfing, increase in volume + increase in price = upside potential. - Next real resistance would be located around 0.008 Weekly : - This weekly candle is also trying to become a big bullish engulfing indicating more upside to come. - Weekly MACD crossed bullish which is a big thing (if you want to know why check our last analyses) - Resistance located around 0.007 Daily : - 5 candles ago we had a bullish engulfing candle indicating more upside, which seems to take place as of today. - Daily closure above 0.0069 would mean that the 200 daily moving average has been overtaken, which would mean that the TREND has CHANGED ! So depending on the daily close of today you could state that the trend on LTCBTC has changed and that we are now once again looking to open long positions. LTCBTC is soon getting its own ASIC miner which would make the mining of LTC become more profitable indicating that more people will start mining again. So in summary: We are really bullish on LTCBTC if we get a closure above the 200 (D)MA and a bullish engulfing on the monthly, then the trend is changed in our opinion and we could be in for a long lasting bullrun. This analyses is only showing you guys our vision on LTC and should not be considered as financial advice. If you agree or find this analyses useful let us know in the comments below and don't forget to leave a Like ! Kind regards, Forallcrypto
Long
by ForAllCrypto
2
ETCUSD: what's going on?One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week. Technically speaking the price broke out from the descending bearish trend, which provided a good signal for possible trend reversal and opening long positions on 12th of January..this proved to be a good idea! However, 2 days ago (on 17th of January) the price formed a kind of a shooting star candlestick chart pattern (which was more like an inverted hammer pattern but in the up-move), so at the moment the correction or realization of profit is taking place. Now the question is how deep is it going to be? I think buying now is more like a FOMO, so it's better to wait for a correction at least until 61,8 fibo retracement level, which is around 7.39 price.. from there it's possible that we are going to see a rebound and continuation of the uptrend. If playing the above mentioned scenario, the target can be around 9.85 and stops below 6.645 (R:R=3.3). It's also possible that we are going to see a deeper correction to 5.88 price level..so everyone should calculate and implement their own risk management strategy. ETC annual yield: 1,023% // Follow me to stay updated.)
BITFINEX:ETCUSDLong
by GIgor_021
Rounding bottom formed, how far can XINHWA go? Thank you for continue following us:) Strategy: Bullish Candlestick Chart Formation Swing Bias: Bullish. As the chart above shows the rounding bottom was formed in last three months. The stock price broke neckline at RM0.465 of the rounding bottom. An earlier signal was when the stock price broke RM0.435 sideway consolidation and at the same time made a Bollinger Band breakout. Earlier, we had traded the short term opportunity from this counter, entry at RM0.435 and TP at RM0.480, based on Bollinger Band Breakout Strategy. Time to look back for mid term opportunities. The share price is expected to complete the cup reversal at RM0.55, potentially 12.7%, after the resistance of RM0.520 and psychological resistance of RM0.500 Stop-loss: 0.465 1st Target: 0.520 2nd Target: 0.550 Gentle Reminder: Plan your Trade, Trade your plan. Kindly like and comment to support if you agree with this trading idea!
MYX:XINHWALong
by ShareWorldConsulting
VETBTC trendreversal confirmed part 2Welcome fellow Tradingviewers, In my last analyses i showed you guys the falling wedge that we have been trading in for the last year or so, and we now broke out. Since then there was some news on Vechain again. - The cold wallet got hacked resulting in the loss of some funds - The Chinese Walmart is going to use Vechain to make a platform for food safety So there has been some mixed events going on, now lets go to the price action: Monthly: - Last one closed in a big bullish engulfing candle - The current monthly candle is showing a huge wick to the upside Weekly: - The last two weekly candle seem to be indicating a rejection and could lead to more bearish momentum - We closed below the 50MA weekly - RSI still in neutral territory - MACD still bullish Daily: - We broke the daily 50MA next MA suppport is located around 60 sats, where currently the 100 Ma is crossing above the 200. Making a golden cross - last daily close was a Bullish engulfing candle while bouncing on support, indicating upside - MACD is in bearish territory - RSI is Neutral - We are in the early stages of forming a cup and handle pattern on VETBTC So what's next? There is still some room for downside momentum, as long as bulls are able to defend the 60-65 sats area the cup and handle pattern will be valid. The cup and handle neckline is located anywhere from 90 to 100 sats, the conservative target upon breakout is located around 140 to 150 sats. Cup and handle patterns usually have a very strong breakout, so make sure that your bags are secured before the breakout! This analyses is only showing you guys my vision on VET and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like! If you have anything to say about this analyses ypu can do so in the comments below! Kind regards, Forallcrypto
Long
by ForAllCrypto
Trade Ideas Analysis: USDJPY Ascending TriangleAn interesting development of this trade, yes indeed is quite troubling when you have 100pips of running profit and the market just stall and fail to break new high, nothing is more painful when you see magic candles form after a bullish candle. My immediate thought is to close and take the profit, spend it on Xmas and call it a year, but wait up... It does look familiar, yes, ascending triangle, another breakout(towards the upside) setup. Always sit back relax and use APE. Analyse the market, Plan your trade and Execute your order.
Long
by RaynLim
LTCBTC ready for a trendreversal?Welcome fellow Tradingveiwers, This analyses is only showing you guys my vision on LTC and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! Monthly : A lot of wicks in the last couple of monthly candles, could show indecisiveness in the market. Weekly : Candles are not looking to promising Also far below the MA's But there is a huge RSI and MACD convergens which cannot be ignored. For the ones following forallcrypto on the other social media channels, you have all seen how the bullish MACD crossover on the weekly helped us predict the bottem of BTC back in the start of 2019. So we value this HUGE MACD and RSI convergence as a pretty bullish signal. Daily : Candles are indecisive slightly below MA's and not a lot of volume. Start of the formation of a triple bottom formation. 4H : We are currently moving inside a descending channel, which would be bullish upon breakout. Clearer view of the triple bottom formation seen. Triple bottom patterns are known to be reversal patterns. MACD RSI ready for bullish momentum. What's next? We can now clearly see that we are forming a triple bottom while the weekly MACD has crossed bullish, the RSI has been at a flat level for some time now and also showing a convergence. Becasue the LTCUSD chart is currently forming a double bottom this could become a explosive breakout WHEN we breakout. If this triple bottom has enough strength to break the 200 D MA then we can begin to speak of a trendreversal. But for now it is to soon. The target of the triple bottom in BTC terms will be around 0.0082 sats and would now be just short of the 200 D MA. I can't wait to see how this plays out. If you guys liked this analyses please let me know in the comments below! Kind regards, Forallcrypto
Long
by ForAllCrypto