Hi Everyone, Wanted to share my idea on where i think gold is heading for the next days, using price action, support and resistance zones and the Fib Levels. We can see that Gold did a solid move downwards and now seems to be in a pullback, if we enter now i think its fair to expect a pull back to the 38 and 50 level which are our TPs. Gold also broke the...
Hi everyone, Looking at this chart, we can see that the last 4 times RSI was dipping below 50 and we had a red candle, gold price went down significantly. According to the price just now we can see that we had a double top on price which is a bearish signal, RSI is pointing down but is is not below 50 yet. Price is in a good support now, i think its fair to...
Hi everyone, Just wanted to share an idea on this support and resistance long set up, risk reward 1/2. I would rate this trade as risky because price is under the 200MA and the overall market looks like its in a downtrend. Let me know your thoughts on this
Whats up eveybody. Just wanted to make a quick update on the macros of BTC, where do we see a possible bottom. We know that BTC and USDT dominance have a strong correlation. We can see on the left chart that dominance is approaching a strong resistance at about 5.5%. We can have a double top there and dominance goes down, BTC goes up. On the right chart we have...
Hey everyone, Just making a quick overview of BTC where it is now, we can see that BTCUSD is in a symmetrical triangle pattern now and looking like its going to break to the upside, RSI is over 50 in the 4h and the usdt dominance looks like is doing a triple top pattern on the weekly which is a bearish pattern . This can indicate that people are moving money away...
Whats up everyone, Hope you guys are having a great day. Just wanted to share this breakout idea on GALABUSD, the symmetrical triangle pattern just broke on the upside which indicates bulish momentum, on the lower TF such as 4h price is also above the 200MA. IMO we can buy at CMP with a SL as shown on the graph or we can wait for a retracement and place limit...
Possible long here at CMP or wait for a retracement on CAKEBUSD and then put a long order on CAKEBUSD, price made a breakout on the falling wedge pattern and RSI is above 50 on the 4h candle which also indicates bullish Momentum. If you need more confirmation before entering the trade you can wait until it breaks the 200MA and then enter the trade. Cheers !!!!
Hi everyone, We can see here that CTKBUSD Just broke the upper trendline on the symmetrical triangle with big volume, i think we can expect a small retracement to the trendline giving us a good opportunity for a long trade idea, we can spread some limit buy order on the buy are box on the chart and long it from there with a SL on 1.324. TPs are also displayed on...
Hi everyone, Nice set up for a 1/2 risk reward here DODOBUSD, for those who are more conservative maybe wait and put a limit buy on the support 1 level, if you don't want to wait you can buy at CMP, price looks reasonable. On the fundamental level i think DODO is undervalued coin with a very low market cap at the time of writing. Moreover, DODO is a Decentralized...
Hey everyone, Market looks bulish for a 1/2 risk reward trade here, price is above the 200MA on the daily and price seems to be making higher highs. TP is 5,3 and SL is 2.92. Let me know your thoughts on this one.
Hey everyone, Price is above the 200MA on the daily, it bounced from support 1 and we can also spot a bulish hidden divergence forming. We can wait for daily close for confirmation, if daily closes below the support then we can invalidate the set up, otherwise if daily closes above the support 1 we can go long form there. Let me know thoughts on this. Cheers
Hi Everyone, Just spotted this Cup and Handle chart pattern on IOSTUSDT, daily candle above 200 MA, nice risk reward. Overall looks like a nice setup to go long here. TP1:0.056 TP2:0.064 TP3:0.078 TP4:0.1 Let me know your thoughts on this pattern, how often do you use it, and rate it based on your experience on how reliable it is. Cheers!!!
You can buy here at CMP and put another limit entry at the trend line acting as a support. The Risk reward on this is very good 1/5. Moreover Bond is a solid project with good fundamentals, the total supply if coins is not too big which gives much room for price growth. Let me know what you guys think. Cheers
Whassup my fellow trades, Just wanted to share a quick setup on ICPUSDT here, the 12h candle just broke the 200MA, trendline is also broken to the upside, you can enter at CMP and take some profits fon the fib levels: TP 1 : 72 TP 2 : 100 TP 3 : 124 On a fudamental prespective i think ICP is a good project with a strong team and is currently in the top 25 in...
Whats up everyone, Just wanted to share a quick idea here with FTTUSD. The coin just bounced from the 200MA and 75% Fib level, it is also showing a bulish hidden divergence which is a bulish pattern, overall the coin is making consistent higher highs and i think this a good dip to fill the bags with a good risk reward of 1/3. This is also a native coin for FTX...
Hello everyone, Just wanted to share this trade set up on CAKEBUSD. There is a bulish divergence on the 4h candle and RSI looks like is going above 50, the set up is a 1/2 Risk/Reward but is a bit risky because candles are still below the 200MA, make sure you use good position size if you are entering the trade. Let me know your opinions on this. Cheers!!!!
Hi Everyone, Looks like the descending triangle here just broke to the upside. Good set up with nice risk reward here for who wants to follow. If the set up fails and touches the SL we can re enter the trade in the support zone 2. Let me know what you guys think. Cheers!!!
Hi everyone, This looks like a good setup with a good risk of 2.49 reward for BZRXBUSD, RSI is above 50 and 4h and 12h candle just broke the 200MA which indicates bulish momentum. If the set up fails we can re enter on the support 2 below giving us a much higher risk reward of 4.6 Let me know your thoughts on this Cheers!!!