$LUNC/BUSD (Terra Classic) price broke out the descending trendline and is now trading above the EMAs which have crossed bullish. RSI is above 0 as well on the 1D TF. More upward movement can be expected. A little pullback is required to get this setup activated.
$ICP/USDT lost local support of rising parallel channel. Bearish continuation possible after a little pullback/retest of the breakdown level. EMAs crossed bearish. RSI below 0. Retest of the EMAs required to activate the short trade. SL above broken support zone, which should now act as resistance.
TA explained SHIB did a complete pullback to the previous level of structure which was formed during the strong uptrend back in October. Now price broke the descending trendline and retested it on a price level which aligns with former support zone. Targeting the FIB pullback levels of the correction. SL just below latest low. Trade setup Entry zone: 0.027143...
TA explained Starting with the bigger picture for UMA using the 1W TF. A long lasting downtrend (starting at Sept 2020) was broken at the start of November with a very strong bullish weekly candle, after which the price pullback and retested the broken TL. Zooming into the 8H TF we can see two interesting things. First we see the price retested the descending...
TA explained Pretty clean iHnS pattern on the 2H TF: Broke out, retested the neckline and bounced on the 4H 50MA. Trade setup Best entries: 28.762 - 30.256 TP1: 32.754 TP2: 35.802 TP3: 39.166 SL: 27.427 RR: 4.7 Max leverage: 2 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford...
TA explained XRP formed a Cup&Handle pattern on the 1D timeframe. Broke out the handle some time ago already, did a retest of the breakout level with a strong wick down on Oct 27. Since then an uptrend has been forming. Anticipating the trend to continue in the upward direction. Ultimate target would be the Cup&Handle final breakout level. Trade setup Best...
TA explained KEEP seems to be ready for a next leg up. Pullback was completed when bouncing from Golden Pocket level and previous top (lowest green dotted line). After the bounce the 6H (and 4H) 50MA got broken strong and is retested right now. Trade setup Best entries: 0.6847 - 0.7325 TP1: 0.8442 TP2: 0.9774 TP3: 1.1733 SL: 0.6238 RR: 5.52 Max leverage:...
TA explained I had this one on my watchlist for a while now. Seems to be ready for upward continuation after the breakout of the falling wedge and a retest of the breakout level. Trade setup Best entries: 0.3873 - 0.4270 TP1: 0.6310 TP2: 0.8888 TP3: 1.2326 SL: 0.3404 RR: 12.09 Max leverage: n/a ————— MDSquared Crypto Lounge ————— Do Your Own Research (of...
TA explained YFII broke out of the descending trendline. Bounced strong form the bottom with an engulfing bullish 4H candle. Trade setup Best entries: 3738.2 - 3810.0 TP1: 4010.7 TP2: 4105.4 TP3: 4286.1 SL: 3621.9 RR: 3.33 Max leverage: 3 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you...
TA explained QTUM regained support zone again and now trending above 4H 50MA, expecting more upward movement from here Trade setup Best entries: 13.005 - 13.455 TP1: 14.912 TP2: 16.037 TP3: 17.440 SL: 12.122 RR: 3.79 Max leverage: 2 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can...
TA explained 1INCH is trending above 4H 50MA for quite some time now. Anticipating trend continuation. Trade setup Best entries: 3.8271 - 4.0935 TP1: 4.6695 TP2: 4.9137 TP3: 5.1479 SL: 3.4794 RR: 2.5 Max leverage: 1 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
TA explained MASK is holding up strong above the 4H 50MA, looking good for upward continuation. Trade setup Best entries: 9.9648 - 10.3222 TP1: 10.9785 TP2: 11.6138 TP3: 12.2686 SL: 9.6447 RR: 4.31 Max leverage: 3 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
TA explained DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here: As you might have figured from...
TA explained LIT is trending above 4H 50 MA, after the latest pullback next up is a higher high. Trade setup Best entries: 4.490 - 4.580 TP1: 4.925 TP2: 5.187 TP3: 5.506 SL: 4.247 RR: 3.39 Max leverage: 2 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
TA explained SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket. Targets align with the extended fib levels calculated from the current pullback. Trade setup Best entries: 0.329910 - 0.345500 TP1: 0.45880 TP2: 0.53836 TP3: 0.62286 SL: 0.30903 RR: 10.11 Max...
TA explained BNB broke out of the descending trendline and now trading above all 1D EMAs. A little pullback needed to activate the trade. Trade setup Best entries: 0.008595 - 0.008968 TP1: 0.010236 TP2: 0.011198 TP3: 0.012133 SL: 0.7525 RR: 2.67 Max leverage: na ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of...
TA explained RLC consolidated above the 1D EMAs and support zone . Ready for the pullback move of the downtrend at least. Trade setup Best entries: 0.00008212 - 0.00009150 TP1: 0.00010633 TP2: 0.00012306 TP3: 0.00014146 SL: 0.00007470 RR: 4.36 Max leverage: na ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of...
TA explained ICP is in a clear uptrend, trending above the EMAs on the 4H TF. Price just broke out of the descending trendline with this 4H candle which will close above it in 22 minutes (if nothing unexpected happens). Going for a swing long on this one This is the bigger picture and the reason for the 3rd target: Trade setup Best entries: 60.85 -...