Previous short idea: LINK/USDT has retraced 30% without a proper bounce yet and is currently sitting close to the bottom of the uptrend channel and on the 4 hour 200 MA. We can see hidden bullish divergence on the RSI which usually indicates a good spot to re-enter in an uptrend. The LINK/BTC pair shows it right on the upper trend line of the previous uptrend...
LINK/USDT has performed nicely over the past weeks and is currently close the the tip of an ascending wedge. It's likely that it will correct very soon and test if this new channel will hold. One smaller move upwards is still possible so either keep it a small position for now or wait for breakout confirmation. Targets are at the bottom of the small channel or if...
ETH/BTC has broken out of it's long term downtrend and made an impressive move over the last days but now it looks like a great place to take some profit and buy back in lower. The reason for that is: 1. ETH/BTC shot right through the daily 200 MA and hasn't had a proper correction since. Now it's very close to the daily 314 MA and will likely bounce off it and...
MATICBTC is forming a falling wedge after the current huge dump which usually ends in a bullish breakout. We can see bullish divergence on the 1hr RSI and it's close to the 0.618 fib-level which is the usual reversal zone for retracements. You can either wait for the breakout to lower your risk or get in now to possibly get more profit but with the risk of a...
LINKBTC looks primed for a move - it's currently sitting right on the hourly 314 MA and 200 MA and it looks like the 200 MA will very soon cross over the 314 MA which is a bullish sign. Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI. In case it fails to break out here rebuy on the trendline. Keep an eye on the key level as...
MATICBTC shows signs of bearish divergence on many timeframes and it's currently forming an ascending wedge very close to the previous ATH. It has run 240% without a proper correction which makes it likely that we'll see it correct from here on due to the aforementioned setup. In case the market decides that it's still a good time to buy into this massive pump...
LINKUSDT formed a falling wedge and just broke out of the short term downtrend. Bounced off the long-term uptrend and will likely continue higher. Don't chase trades, let them come to you.
Symmetrical triangle close to the long term uptrend just broke out bullish and managed to push above the 15m 200 and 314 MA, wait for a clear move with volume above the key level for it to be a buy signal as there is a lot of resistance around 2.28 USDT. Stay out for now as long as it doesn't manage to establish 2.28 as a new support.