ETH 1H: Please wait for another bottom in 1 hour time frame and then long it. TP1: 2548 TP2: 2735 TP3: 2903 Set your stop loss step by step to be able to save your profit. Yet, do not make it too tight to be excluded from the deal. SL: 2390 Leverage: not more than 5 This is not a financial advice.
I do believe it needs no more explanation. Who know what the hell is this thing representing? I have seen many checking BTC.D, yet this one I do think is the echocardiography of the industry. Enjoy it.
Technical Indicators: 1. Weekly: 1.1. RSI (14) : A Double Bottom has been formed 1.2. RSI (2) : A HH & a HL has been formed 1.3. Positive Divergence: RSI (2) since 26 Oct 20 so far has a positive divergence 1.4. SRSI seems to have made a triple bottom. 2. Daily: 2.1. RSI (14): the same is true about daily RSI 2.2. PSAR: It is going to breakout up the...
1 Hour time frame: 1. Double bottom in RSI (14) 2. HH 3. HL TP1: 40.5K TP2: 42K SL: 36.5K Leverage: 10 Best of trades and it is not a financial advice.
We need to seriously take into account the RSI structure. We are much closer to a very strong Support on RSI (14). Right? What exactly does it mean? 1. 10 Dec 18 RSI (14): 29 2. 09 Mar 20 RSI (14): 33 Just before pointing out the third this sounds like a trend guys. Right? 3. Based on such supposition the third has to be some 37! Right?! Let's...
Weakness can be seen and the 4th wave has to be completed toward 0.47 in Weekly time frame. I expect Cardano to be able to touch 10 USD during this cycle first. If it can strongly surpass 10 dollars then 22 would be possible which sounds a little bit too high. Not a financial Advice.
Before addressing the subject I prefer to repeat what I do believe in: - We are in wave 4 in Weekly time frame. Then, based on Elliots correction continues further down just a little bit higher than the 1st wave. - But where is the first wave located? It is in my viewpoint 10K before COVID. - Somewhere in between 10 - 20K there is a very strong reaccumulation...
This is a productive approach based on a supposition with regard to BTC meeting +100K USD. A very clear & vivid long-term accumulation is seen based on the positive divergence between the price chart & the RSI (14) in Weekly time frame. A very good fundamental news is behind EOS. Its technology it great. Where we experienced drop was due to 2 main reasons: 1....
1. Buy: 1.1. In any time frame we buy when price is seemingly plunging & RSI is gaining strength. Here we "MUST" watch only. 1.2. Then, a consolidation starts during which we can be almost sure that there will be no more descending move. 1.3. Being familiar with Harmonic Patterns during growth, consolidation & downturn cycles would of utmost help. 1.4. Next is...
Much has been said so far on BTC's future fall or rise potential. I prefer what the chart is implicating. Firstly, following several years accumulation 65K is not were BTC is going to crash. In another words, during this cycle I found how to technically find a target in which I truly believe : Though bitcoin is much more expensive than ever before, I have...
Cases of a sudden & temporary price abruption are abundant in cryptos. Yet, I prefer to follow up more conventional trends as a real investment like BNB, UNI & crypto.com, or ETH at best. Catching what is really valuable over time requires skimming, scanning, reading & studying. Back to subject I expect EOS to outperform if Bullish Global is actually established....
One by one the alts have either completed their first weekly super waves or the 3rd in my opinion just like what NEM did. Back to Dash in Weekly time frame wave counting would be like this: 1. 1st Weekly Elliot: 09 Mar 20 - 03 AUG 20 from some 30 - 107 USD. (300%) 2. 2nd Weekly Elliot: 03 AUG 20 - 02 NOV 20 from 107 to 63 (-40%) 3. 3rd Weekly Elliot: 02 NOV 20...
If daily Elliots are correct, then 5th impulsive wave is coming. What is coming next? Usually -80% correction toward 0.382 Logarithmic Fib. is expected. This is not a financial advice.
Do you remember an analysis I posted here "Hold on to EOS"?
I expect NEM to grow again for the following reasons: 1. Weekly SRSI : Oversold 2. Weekly Positive Harami Candle 3. Weekly RSI (14) : has support and is showing accumulation 4. Weekly RSI (2): we may need to look for another dip which make another Higher Low and then buy. 5. Descending Trend Line needs to be broken up 6. Fundamentals: based on FCAS framework of...
Followings have been checked (Weekly Logarithmic): 1. Weekly RSI (14): Seemingly BTC has a strong Support Cluster as shown. 2. Weekly RSI (2): in the Oversold zone has made a low and bounced back up. We may need to wait to see another Higher Low here. 3. Weekly SRSI: as shown it is inside the oversold zone and the K line has crossed up the D line. 4. An ascending...
Let's address a very important viewpoint put up in the subject in different view point: - Newborn animals start growing very fast in the beginning, but gradually their growth rate decreases cause there can be an an extent to which more growth sounds abnormal - meaning that the nature hammers the growth rate and maturity brings with it "New Rules". - Another...