ForgeTrades

ForgeTrades

-On the daily chart, we have swept the lows of 28 Feb and it seems likely there will be at least a slight bounce here. -There is still a key area of support around 39.5-40.5k that remains untested. The next interim support below this is around 35.8–36.7k. If bulls step in, it is quite likely the 39.5-40.5k area gets front ran. -Price has begun making lower lows,...

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Price recently broke above the diagonal resistance and is showing a clear trend (higher highs, higher lows). This should be an easy long to 2.45 - 2.55

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Breakout + retest in progress. Hold the line and send it!

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THETA is looking ready to re-test the previous highs and make another leg up -The price has been forming a pennant over the past ~23 days and the range has been compressing -The 100 EMA has been acting as support -Price is currently retesting the bottom of the pennant and the 100 EMA. The confluence with these two levels of support suggest the price will bounce...

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Expecting a small bounce here. Should touch the white line before further retracement.

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DODO making higher lows and looking primed to break out of a pennant. Time to get long.

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ALGO about to flip resistance and turn it to support. Time to get long.

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Clean touch of the 4h 200 EMA which is confluent with a key area of support. If the area holds this will be primed for its next leg up. Time to get long.

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AAVE ready to go for it

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Long term swing trade BUY: 0.00051 – 0.00056 TARGETS: 1) 0.00070272 2) 0.00085858 3) 0.00100595 4) 0.00127143 5) 0.00149990 6) 0.0169379 STOP: When a 4h candle closes below 0.00043 Rationale: -Price has broken out of and retested a long term diagonal resistance (bullish) -EMAs are turning up and have crossed over already on lower timeframes (bullish) This is...

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Here is a channel I have been trading for the past fortnight and has so far been very profitable. The green area is strong support. This looks like it has more upside potential and as long as it continues moving within the range it will provide more opportunities for easy profit.

ForgeTrades Updated 

Price is holding above a diagonal trendline support whilst RSI has been holding below a diagonal trendline support. The price is at a key resistance level now and looking ready to break and hold above. The RSI is ready to break and hold above the trendline as well. Put these two together and it seems very likely we are about to see a move up. Any dips the...

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The path to $70k is mapped. Just follow the channels.

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BUY: 17-20 TARGETS: 1) 39.87 2) Trail stop loss STOP: When a 4h candle closes below 14.5 Rationale: -Price is forming a large bullish pennant on the daily -The upper and lower trendline of the pennant has been touched three times each -Price will likely range between the trendlines before breaking to the upside -We remain bullish as long as price is above the...

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ETC has just smashed through a long-term diagonal resistance with high volume. If price can hold above this is definitely one to watch.

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YFI looks like it is ready to take off. It broke the Sep20 high in Feb21 however it could not hold. It has now broken then Sep20 high again and is showing much more strength. Volume has surged and RSI is 70+. If price can hold above the green box then this will pump hard. This is a swing trade. Be sure to give it time to play out.

ForgeTrades Updated 

BUY: 0.04896 – 0.05375 TARGETS: 1) 0.0605 2) 0.0729 3) 0.0872 STOP: When 4h candle closes below 0.047 Rationale: -A diagonal trendline has formed and price is respecting it as support -RSI is showing strength -Price has successfully tested and bounced off the 200 EMA -Price was consolidating within the demand zone, and has now broken out of the demand zone and...

ForgeTrades Updated 

BUY: 19.9 – 20.7 TARGETS: 1) 24 2) 28 STOP: 17.5 (when a 4h candle closes below this price) Rationale: -Price has been moving within a channel for the last 39 days and is trending above the mid-line support -After recently touching the top of the channel, price has falling back to the closest support level. This is our buy zone. -RSI has formed a trendline...