I don't post much crypto but I've followed ADA for awhile.KRAKEN:ADAUSD
I'm extremely speculative on crypto right now and just enjoying the crazy price action. Don't get caught on the wrong side...
Trends
BTC/USD Coinbase (Trend/Levels) It feels like were are chasing 30k-25k at the moment. Could that momentum flash sell it to 20k for a quick buy in for whales? Still have downward pressure. China isn't helping, but we all know they are going to be buying these lows lets not forget that ! Rocket on the way ? If we get more buyers then sellers within these next 48 hours , maybe we finally surge pass resistance levels of 42k and start our way back up to ATH's . Not financial advice. DYOR. Leave a comment
BTC/USD Coinbase (Trend/Levels) Bouncing on key levels shown by rectangles. If if break each level up or down it'll follow the trend of its direction. It feels like we're going back to aprox. 38.6k. If we go below those levels we might test approx. 35.4k. If we trend up, the level we have most difficulty with is approx. 42k. When we surge pass 42k we can start testing higher levels of approx. 45.9k. In hind sight I still feel we are on the down trend maybe bounce back through the morning reach 42k levels if downward momentum has less pressure. Not financial advice. DYOR. Leave a comment.
Doge Bullish Long. This is clear what is happening to me. Repeated scalpings, increased popularity, big volumes, higher adoption, massive outflows, whales selling, this is going to be 100s or even 1000s per Coin certainly.
We will see it trade right for a few more days silently, till maybe the 31st when bills are really piling up and the 1st requires everyone's money to be tied up. then it goes up.
BTC/USD Coinbase (Trend/Levels) Bouncing off descending triangle support. If it breaks downward maybe we test 30k support again? Could it surge if it breaks above triangle and aim for a higher level and find a new support. Heavy resistance at approx. 42k. If we break upward past 42k could find another support on the uptrend. Definitely feels like the bottom is in around approx. 30k support. Not financial advice. DYOR. Leave a comment.
Hello?? FOMC!!My friends are all retweeting Elon. For their sake, please don't say the word!!
TVC:VIX
ZRX hasn't been ready yetZRX is within a upward W-X-Y pattern (at least) which waves W and X were completed but Y hasn't been started yet.
So after completing the correction now it's within it, wave Y will be started.
But please care that I think with high probability the correction will be longer than it shows. Thus every upward movement shouldn't be considered as a uptrend.
LTC has a long way or will be terminated soon?!Due to latest analysis, it made a upward movement because of breaking the contracting triangle roof.
In a larger view, I think it's within a upward W-X-Y correction which waves W and X were completed.
Also an A-B-C pattern is within wave Y which first 2 portions were completed. But wave C is remained.
There are 2 scenarios for the wave C:
1. Ending Diagonal as the wave C
2. Leading Diagonal as a wave 1 within the larger wave C
If the first scenario would be correct, future upward movement will be the latest (as I specified in the chart).
But if you consider the second scenario, it has a good profit in long-term trading.
Summary it should make a upward movement but in the future it needs to be reviewed again.
EOS will begin a good rallyAs you see, EOS is within wave C of wave Y which is within a upward W-X-Y pattern (at least).
Wave 1 was completed and a little has remained from wave 2 to be completed.
Therefore wait for a while and then it's a good option for mid-term trading.
BTC/USD Coinbase (Trend/Levels)BTC seems to be in a downtrend and might test previous levels of approx. 43k . DYOR . Not financial advice. Follow for more charts. Comment any ideas.
ADA: Solid Bullish Trading ChannelSince 13MAY, Cardano has established a very solid bullish trading channel and is currently trending well inside it. ADA is now in price discovery mode after breaking the All Time Highs. One point on ADA that's important to understand is, unlike most ALTCOIN projects, ADA tends to have a more negative correlation to Bitcoin. Meaning, when BTC is going down or is stagnate, ADA tends to do well. We've seen this play out multiple times since as far back as at least FEB2021. That said, it's important to watch the BTC strength as that may give us a short-term indicator how much more run-up space ADA may have before settling down and consolidating. Long term, I firmly believe ADA will be $10+ by the end of this Bull Market Cycle. How fast we get there and how much higher we go beyond that will depend on too many factors (BTC strength being just one) to break down in this short analysis. For now, watch for a break in the price action and any indicators of a bullish reversal pattern as well as keeping an eye on BTC price action to give an indication of how ADA's movement might adjust. **NOT financial advise. Just a guy, making money, trying to share knowledge so you can make money too**
ADA: Solid Bullish Trading ChannelSince 13MAY, Cardano has established a very solid bullish trading channel and is currently trending well inside it. ADA is now in price discovery mode after breaking the All Time Highs. One point on ADA that's important to understand is, unlike most ALTCOIN projects, ADA tends to have a more negative correlation to Bitcoin. Meaning, when BTC is going down or is stagnate, ADA tends to do well. We've seen this play out multiple times since as far back as at least FEB2021. That said, it's important to watch the BTC strength as that may give us a short-term indicator how much more run-up space ADA may have before settling down and consolidating. Long term, I firmly believe ADA will be $10+ by the end of this Bull Market Cycle. How fast we get there and how much higher we go beyond that will depend on too many factors (BTC strength being just one) to break down in this short analysis. For now, watch for a break in the price action and any indicators of a bullish reversal pattern as well as keeping an eye on BTC price action to give an indication of how ADA's movement might adjust. **NOT financial advise. Just a guy, making money, trying to share knowledge so you can make money too**
SUSHI is running away, catch it!SUSHI is within a upward W-X-Y pattern (at least).
Waves W and X were completed but wave Y is remained.
Within it, there would be a upward A-B-C pattern (probably).
Therefore Do Not Miss It!
BABA Don't Preach, I'm In Trouble Deep!NYSE:BABA
Watching to fill this channel. Doesn't seem like it would be too difficult.
IOTA/USDT Binance (Trends/Levels)Looking at the trend and finding key support levels. I'm always bullish on IOTA. I'm thinking it surges for its next move to a key level at approx. 2.40 . DYOR . Not financial advice. If you have any thoughts please comment.
SPY Pinned Up Against ResistanceAlso ghost trendline may come into play here on the drop and could get bought up as a bullish channel.
AMEX:SPY
DOT is in a good status!As you see the chart above, DOT is within a upward W-X-Y pattern.
Waves W and X were completed but Y is remained.
Half of the wave Y was completed but another upward A-B-C pattern (probably) within it is going to be completed.
Thus belt up and be ready!
My first chart(s) with Fx Pro Now - To be archived...First chart with Fx Pro Now. My challenges: Reversals or pull backs as what my mentor calls it... To be archived so I can look over it in the future.
BTC takes a breath?Due to previous analysis on BTC, it had a collapsing.
As I've considered, correction pattern is a regular flat. However it can be more complicated.
So if there is no other scenarios, by more collapsing (probably in the zone I've specified with two black lines) wave 5 can be started.
SOL is float in the sky!As you see, SOL is within the wave 5 of a larger degree of wave 3.
So it needs to be completed and after that it forms wave 4 which is a correction.
Then upward wave 5 will be started!
Therefore you can make some trades and profits because of swings!
ETH USD PLease Hold your Longs!Hi All Since these are my first few posts on Trading view so If could could kindly give me a link and feedback if you like and agree, and if not please still comment, share and help support much appreciated !
So today ETH has reached another ATH against USD with high being at $3619 which is incredible bullish gains for ETH and means ETH will continue to the Estimated $7000 in 2021.
Amazing for ETH as predicted alreading in 2019 and but I know you may not like to read this idea, BUT I notice on todays chart that there is a Bearish divergence arising on the 1hr chart.
This can be seen from the resistance and support levels on RSI indicators and can be seen on the Uptrend analysis on the charts. On the charts I have included these lines to show, We can also see that today ETH had a very long bearish red candle which we shorted all the way down to the EMA line at 4020. It did not go lower than the EMA, FOR NOW! So with with this bullish divergence new, it could mean that we see a regression down to the bearish divergence which I have measured is at 2800 .... AND if we break this, then we could try to break ETH's support which is at 2500...If ETH breaks this support line, signals a Bearish market... Also on the 1D daily chart we have a Red very Bearish candle forming, which has a few days to run down to the EMA level and lower....
Sorry to inform!
Be prepared for a correction or perhaps a bearish trend down to at least 2500, However if ETH does not break below the EMA at 4200 when we see another red bearish candle, than expect that ETH could potentially continue up higher, Im bullish on ETH reaching ATH at $2700 right now in the few hours....
Have a great day
