PalenTrade

PalenTrade Updated 

Hello. We can see RSI has broken its ~1 year downtrending trendline from feb 2021 on 3D ( also on daily and weekly ). Tells about possible trend change . Double top from 69k and head and shoulders targets hasn't been able to met. ( Not enough sellers? ) Price was pressured down with 25EMA (yellow line highlighted with red arrows), and has ...

PalenTrade

Total 1 crypto marketcap is trying to break a key level of significant. Marked on red arrows 1st mistake novice traders do, is not using stop losses and get their ass burned because of that! Use them! -Jebu

PalenTrade Updated 

DJI = Dow Jones Industrial is not looking good. 200MA, 200EMA (which has worked as support before) and key level ~29 700 was tested and turned to resistance like it is seen on the graph. Next target ~26 800 and if that gets broken ~23 000. IF history repeats itself, then we might go test the 18 200 levels which happened last time 200MA ...

PalenTrade

Hello. I'd say 95% of investment/trading content out there is crap. I said I can make a list of good mentors who have truly helped me on my journey. So here they are. Bob Loukas (You can find him on twitter and some videos from youtube). Would have put links but it's not allowed. " Intermediate time-frame swing trader but also takes shorter scalp trades...

PalenTrade

Possible inverted head and shoulders continuation on XRP if neckline is kept. (with double heads) 15% move. If you want to trade these breakouts try to long from retest of a neckline. (Great risk/reward) Always remember to use stop losses! 1st mistake novice traders do is don't use them and get their ass burned -Jebu

PalenTrade

Hello! I have been busy studying alot about TA . Seems like this is the first post of mine on this year.. Total market cap trying to break the 200MA on weekly which it has never been broken . If we lose the 760 area next target is 440 . 45% drop! Bitcoin already used the same 200MA as a resistance . First time ever. I do think we still need...

PalenTrade Updated 

Hello! Possible capitulation happening with bitcoin. We finally saw little bit more volume like in may 2021. We broke a key level ~28650 and after this (if you go to 1hr chart) you can see that there was some panic selling and volume under that level. (I'll add that) Longs were liquidated, weak hands dropped and shorts trapped. If the 28650 level and last lows...

PalenTrade

Hello Bitcoin has made an nice looking inverted head and shoulder pattern. The right shoulder is higher than the left one which tells there is eager buyers, and makes the pattern more bullish Target is around 60k but ofc we need to break the 50-52k hard resistance area to get there. Take a note also that the 10EMA (blue) and 25EMA (yellow) has...

PalenTrade

Hello! SP500 has a possible inverted head and shoulder . If we do break the neckline and close above it . Easiest way to take a trade ( at least for me ) is with break and retest . That's how you can get really good risk/reward ratios , you wont get bull trapped and that also teaches patience. If you are/want to be a swing trader you need to have...

PalenTrade Updated 

Hello! This will be little different update. I couldn't find an chart of this crypto but I want my followers to be aware of this project. It is called MetaHero (Hero) . They will bring a possibility for people to make of them selfs an avatar, 3D model (kind of nft) which then can be used in virtual reality. The technology is already there partnered and...

PalenTrade Updated 

Hello! 200EMA flipped to support (arrows) and new try of breaking the 400sats level RSI break on many timeframes No volume yet to be seen so could be false. We need to get see some buying volume to this go through Have to be extremely careful because of Bitcoins price action. If Btc falls most of the alts will follow. Always use stop loss or...

PalenTrade

YFII/USDT is showing a nice bull flag . Price action shows bullishness. Good risk/reward ratio. Price needs to close higher than the 4500USD (last weeks candle high) RSI resistance seems to be broken. (need a candle close for confirmation) Always us stop losses or you will get your ass burned! N.1 mistake traders do is not to use them -Jebu

PalenTrade

Hello! Looking at XRP/BTC on monthly you can see that the price has made a quite big base on the price. Xrp has been consolidating for a long time. Actually 2 years now! That is a long time in crypto. I'd say there is big holders here on these levels waiting.. Patiently.. -Notable is the possible head and shoulder pattern. I did put the blue...

PalenTrade Updated 

Hello. This is just marking some bullish signs of the chart. We did go dip under 30k and even closed there on daily chart but there wasn't selling volume . Some people got shaken out, but the Smart Money opened their longs there with great risk/reward ratio. Bulls: - 7th try to break the RSI resistance, which is alot! Usually the fifth or...

PalenTrade Updated 

Hello! I have been watching how these weekly candles close. Last weeks close broke first time the 7 weeks support lows like we can see here. If this weekly candle closes below the previous weekly close I believe we will break 50 ema and go test 29-30k once again. Let's also look other time frames If you do take trades, always use stop loss! Otherwise...

PalenTrade

Silver has been moving in this ascending triangle for a while now, which tells us that bulls have the edge now. (beautiful higher low structure). And as we can see from the chart 10 ema support has worked as a great entry so far. (highlighted with arrows) I am excited to see if the pattern holds and when and how it breaks upwards -Jebu

PalenTrade Updated 

Gold is showing us a really nice looking monthly inverted head and shoulders pattern which target would bring it to new all time highs Check out my Inverted head and shoulders analysis on Ethereum back in 2020 november which did hit the targets

PalenTrade Updated 

Hello! I realized that I usually put signals which are just about to break or has just broke out which would need a throwback (pullback and retest) for a "perfect" risk/reward. I was thinking I'll put an update now early on from a possible participant for us We have a nice looking bullflag here. We will follow this one and look, how it starts...