MattieDsCryptoLounge

MattieDsCryptoLounge Updated 

TA explained BCH found support at the bottom and already made a first move upwards. Now its heating up for the next impulse to the upside. First target aligns with -0.618 extended fib level and with previous resistance area. Stop loss is below the bottom of the previous impulse so price has some fib levels as support that need to be broken before getting stopped...

MattieDsCryptoLounge Updated 

TA explained BNB broke out of the falling wedge after confirming the strong support zone between 15.8 and 15.65. Now moving upwards to retest previous resistance zones and expected to retest broken channel. Also BNBBTC is looking very bullish. Im waiting for a breakout of the falling wedge there to create a setup for a long trade for that one as well. Trade...

MattieDsCryptoLounge Updated 

TA explained BAT seems to be gearing up for another move. BAT broke out as one of the first coins before the move of BTC of yesterday. it has been consolidating for a bit already while the others still had to make their move during the day. Currently its ranging above mid line of the channel. This setups targets the top of the channel with in between targets of...

MattieDsCryptoLounge Updated 

TA explained NEO broke below the upward trendline a couple of days ago. In the previous days it broke down former support and retested it as resistance. Stop loss is above resistance area and 0.786 fib level. Targets align with extended fib level of last retracement and S/R levels of the past. Trade setup Best entries: 10.437 - 10.270 TP1: 9.596 TP2: 9.127...

MattieDsCryptoLounge Updated 

TA explained LTCUSDT pair shows bearish signs. On the daily timeframe the price reached strong resistance it wasnt able to break. Also a clear double top can be found. Looking at the RSI it shows clear support for more downside movement. So this timeframe suggests downside direction. Taken this perspective to the 4H timeframe we can see that the price had an...

MattieDsCryptoLounge Updated 

TA explained Low time frame short setup for BATUSDT. Not really my style but this looks very promising. Price is moving inside a very large channel for weeks already. It just broke down the midline of the channel with the drop of last weekend. Price retraced to the fib 0.618 level and got rejected again at the mid line. Look even closer at the last bottom a...

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TA explained On the 4H TF a clear double top can been found for ATOMUSDT. Furthermore an M-formation was created and the neckline of the M was retested. This retest is in confluence with the 0.5 (not a real, but still a important) fib level of the downside impulse. Price got rejected and is now looking for more downward movement. The indicators on the 4H.12H...

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TA explained XRZUSDT is showing bearish signs on multiple timeframes. Of course BTC rules the market but the other might be showing the future of BTC by showing signs for the entire market. On the 4H TF you can see a completed pullback after this downside impulse. Price came back to the 0.618 fib level before turning down again. Currently moving lower and...

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TA explained Currently a lot of bearish patterns and situations appear in the market. Looking at the Futures trading pairs XMRUSDT is one of the pairs that shows the biggest bearishness. After the impulse to the downside an ascending wedge is being formed as can be seen om the 4H chart. A breakdown of this wedge will lead to further downside movement. Price is...

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TA Explained ETHUSDT faces some serious resistance on the 1D timeframe after a breakout of the bullish pennant. Its currently in correction and a retest of the breakout would be a strong confirmation of the broken resistance zone turned into support. On the 1H TF you can see a weakening upward movement. Price getting rejected lower and lower while finding...

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TA explained BNB likes to move inside this parallel channel for a long time already. It clearly confirmed the support of the bottom line of the channel again. Now ready for a retest of the middle line. If it is able to break it a move towards to upper line can be expected. First target aligns with previous high, second target with the middle line of the channel....

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TA explained IOTABTC seems to be finalizing a bull flag after breaking out of a falling wedge on the daily timeframe. Bull flag is considered a continuation pattern, so if it does breakout another leg up to the extended -0.272 fib level can be expected. First target is just below this fib level and aligns just below resistance zones in the past. Higher targets...

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TA explained LINKBTC made an impulse last week. Currently forming a bull flag on the daily timeframe. Now its ready for another leg up aiming for the -0.272 fib level around 0.0004858. Final target is based on an earlier long setup, see related idea. This pair can be traded with leverage in margin up to max 4x for this setup. Trade setup Best entries:...

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TA explained The price of IOST vs USDT broke out of an ascending wedge. After a retest of the wedge it is moving further down. First target would be the support zone of the March dump. When hitting this target it is advised to move SL to entry. IOSTBTC has some more room for pullback/correction so there is some time for this move to play out. Trade setup ...

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TA explained ETC looks very weak at the moment. It broke down the upward channel is was in before and after the break down retested and rejected it. Found previous support zone and is testing it at the moment. It already created a double top and made another upward attempt but failed. A new downward channel is formed and the price is about to touch the upper...

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TA explained XMR vs BTC is about to break out after a retest and a bounce of the all time lows. Really high potential when going up. Targets are aligned with previous resistance levels. This setup can be traded in margin as well. Wouldnt recommend to trade with more than 3x leverage when using this exact setup. Trade setup Best entries: 0.00683354 -...

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TA explained ATOM created a bull flag after breaching the previous high. It just broke out of the bull flag upwards. First target at next major resistance level andbelow the extended fib level. Also the ATOMBTC pair is considered to be very bullish. Trade setup Best entries: 2.97 - 3.15 TP1: 3.114 TP2: 3.324 TP3: 3.533 SL: 2.786 RR: 2.5 Max leverage:...

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TA explained NEO bounced a strong support level and is respecting the trendline after the bounce again. potential for another push up. Aiming for the extended fib target of the previous big move up. Trade setup Best entries: 12.3 - 12.4 TP1: 12.7 TP2: 13.2 TP3: 13.8 SL: 12 RR: 3.93 Max leverage: 5x ————— Do Your Own Research (of course) Trade at own risk...