Price action analysis of Cardano..... I have already loaded my shorts up, have you ?
Top down analysis from Monthly , weekly , daily and intraday timeframes. Angles of Analysis: 1: Technical ( No news) 2: Price action( Behaviour around high time frame candle closes, and wickes on 1hr and lower time frames) 3: Indicators(EMA trendlines, volume, Momentum Oscillator, Money Flow Index )
Hello, In this video I talked about higher time frame price action analysis, order blocks, support resistance, steps of action, 4 different trade ideas, and risk managment. I used the weekly timeframe to identify my support and resistance, followed by the daily time frame to identify any bearish order blocks. Hope you enjoyed the video, if you have any...
Observations of current price action.
Daily order block rejection, to local mid range,. Anything under Daily OB is bearish, wicks in to on HTF espeically bearish.
I love this chart. Consolidation for 300 days, currently sitting at the low of the range. %385 Upside probably even more!
Sweep of the lows, close back above the lows. Waiting to see how current daily will close to size up.
With BTC ranging , we can expect a few ALT coins to make face ripping moves. Especially this one, I have noticed this to be a familiar pattern lately in ALTS. R/R is a little ambitious, but such is life.
1. CRAZY WICKS IN TO SUPPORT 2. BOUNCE OF SUPPORT 3. BREAKOUT OF TRENDLINE FROM TRIANGLE 4. VOLUME STILL HIGH THERE IS STILL NO ENTRY BUT WHAT ID LIKE TO SEE IS A CLOSE ABOVE $0.006 AND THEN RETEST. WE THEN ENTER ON THE RETEST. CHECK OUT THE PREVIOUS FEW TRADES. DONT BE SHY AND COMMENT YOUR SETUPS. IF YOU MADE MONEY FROM THESE SETUPS.SHARE IN THE COMMENTS,
Price holding above daily 200 EMA and 50 EMA. Falling wedge, break out, Waiting for further confirmation to size up!
Stop by and share your charts and thoughts. I want to see some counter arguments
Stop by and share your charts and thoughts. I want to see some counter arguments
Stop by and share your charts and thoughts. I want to see some counter arguments
Stop by and share your charts and thoughts. I want to see some counter arguments
1. BOUNCED OF SUPPORT 2. RESPECTED DIAGONAL TRENDLINE ON A FEW TOUCHED 3. TRIANGLE FORMATION NEED TO SEE. 1. STAY ABOVE DIAGONAL 2. BREAK DIAGONAL 1(ENTER SMALL SIZE) 3. BREAK DIAGONAL 2(ADD SOME MORE) 4.BREAK DIAGONAL 3( ADD SOME MORE) 5.BREAK DIAGONAL 4 AND RETEST( ADD ON RETEST)
Looking for a move up. this one has been moving slow, need to be patient with it.