Bitcoin next stepsWarning: Use this information at your own risk.
Bitcoin actual situation:
- it stops at 46000
- now retracing in direction to 42000 support
- inside a rising wedge( OMG danger everywere X´D)
TA:
- it may retrace lower to 42000 and stay there for a while
- maybe we see a nice tradeable triangle
- then there are 2 options like always:
+ it can continue de new uptrend following the base of the rising wedge
+ or it can break lower and retrace furter to 38000 support and start a new downtrend
to 30000 support continuing the lateral bullshit
Let me now in the comments if this post help you and be welcome to make any suggestion.
TA
FARM - CHAD COINSomething I would like to bring to your attention is the " Harvest Finance Project " Although might seem like a meme coin, with a large TVL, large team. It was able to survive all major dumps and as well hack attacks.
This coin did break down in the last dump and broke the Triangle down. However, now that the market is recovering, we can see good gain and seems like each time this coin drops below 70$ it eventually pumps hard to 200 plus. Well, I'm not saying it will drop again it is possible.
We now see another Moving Average "200" forming and it is holding/having a bounce off it.
What I can tell you right now is that FARM will be $400 and has all the reasons to hit the 1,000 dollar level.
I will post updates and reasoning for each TA I do.
Smogster...
DSK, DUSK chart interpretationDSK share price has had an immediate rebound from the bottom support zone marked with the ascending wedge, and is likely to start a bull run towards resistance. If the market continues strong before the 27th of August when they release the 2021 financial year results, it is possible for the share price to reach $4, or even a new all time high.
Ethereum EIP-1559 "London Fork" UpdateEthreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working.
RSI is overpriced therefore a pullback is normal.
BTC has broken the 42,000 lvl and we saw a good run in the Alt space.
Ethereum continues to burn 150-180 ETH per hour, bringing positive news, for the mid to long term.
Now that we are in the ascending channel you can use it as your support and resistance. Pay attention to Bitcoin as it is still meaning runs and dumps in the crypto space.
Smogster...
My interpretation of Cardno and it's short term future, CDDCardno has had a meaningful bull run since February when they realised financial earnings, and has since been trading in a channel pattern. The stock has had a lengthy pullback of about a month, however it has rebounded from the bottom support zone and looks likely to make a bull run towards resistance, the MACD crossover, steady RSI rise, and the increase in volume help confirm this. My original target price was $1.015 which it reached and pulled back fractionally as expected. My second target price is $1.06 which it will likely see resistance and pull back fractionally again. If the market continues strong for the next few weeks, it could see a price of up to $1.180, however it is likely the market will have a reasonable pullback by then, in which Cardno would likely replicate.
ETH Baby Bull push to 28, then back to 24My analysis on the current trend of ETH, post mini bull run to 2600.
Best fit curve analysis, taking into account the larger daily trend curve in red, with the smaller month long trends in green.
Using the apex of curve 2, I can guess at the endpoints of the current trend, while fitting the highs/lows.
Averaging the length of the three previous curves don't allow a timeframe that fits the development of this curve, better fits a 250ish bar timeframe, or 30-45days.
Educational use only, Not a financial advisor
Cardano Short SetupADA/USDT Possible setup for a short.
Exponential decay of previous trend was unsustainable, breakout was imminent.
Price then followed a linear rise, had a smallbear breakout and eventual retest/continuation.
Leading to where we are now.
Previous line bouncing between support/resistance looks to be the current trend top,
While the bottom continues on from a the first "stutter" after breakout of that exponential trendline.
DYODD, Set stops, not financial advice.
Final decision time for BITCOIN!It's long/short decision time as descending triangle formation nearly fulfilled. In general, a descending triangle is a bearish continuation pattern but could as well play out as a reversal pattern (we've seen both for BTC in the last months).
technical long target ~48k - first major resistance @38k
technical short target ~14k - first major support @24k
Also, pay attention to the bullish divergence in the RSI.
The green path shows the potential upwards movement after breaking the triangle. The red one shows a possible way to reach the bearish target of 14k.
Tbh, I don’t think we will fall below the 2017 ATH (20k). Actually, the fundamentals are looking not too bad and every dip to or below the 24k area should get bought up very aggressively.
Have a great week.
TOMOUSDT Short OpportunityTOMO/USDT has been one of the biggest gainers in the past few weeks during the crypto bear market
I believe the price is highly inflated, and is showing signs of breaking down
These indications are mostly influenced by the large dips BTC/USDT has made so i do expect to see TOMO/USDT test resistance again at roughly 2.77-2.80
If it breaks past this level, it will be going to the next stop, at 3.00, although 2.77-2.80 is very strong
And the fact that BTC/USDT has built a fairly strong resistance at 32000.00 with support being at 31000.00, i am expecting BTC/USDT to break past its support level and head to 28-29k which would influence TOMO/USDT's bearish reversal further
I am far from an expert, and am simply doing this to be able to look back and see what i got right/wrong, so please understand that if you do decide to trade this
And any feedback would be appreciated
Thanks
$ROKU Trading PlanAs long as 431.69 holds as support, I am targeting 449.08/462.99. For longs, I'd like to see a close above box on weekly. A breakout over 462.99 would validate the cup and handle. My next targets would be $478.08/$504.17/$538.96/$562.16. If unable to hold the box and support at 431.69, I am looking for an entry back into box and retests at $417.19. $405.15 is an important level to watch. If broken, bears should take control and drive price down to 382.40. Box is broken to downside if 365.05 cannot be held.
BTC direction coming soon hopefullyI would like to see BTC continue to follow the purple channel up, but there is some congestion around the blue circle here...orange resistance, 200EMA, and that blue horizontal resistance. I will be waiting for a break above the blue horizontal line before entering, and exiting at the top of the purple channel.
If we close below the purple channel I will be looking to short to the lower blue support line I have drawn here.
interest facts On the BTC charts i see some very interest facts showing up on the charts when i look for confluence to see what direction the market wants to move on btc,
im seeing the commodity channel index the momentum indicator and the macd all showing bullish divergence instead of bearish signal
you can see i have drawn some lines on the indicators to show what is actually happening inside the chart when you look at other indicators in combination
hope this helps others see the short term bullish pattern i see
this is no financial advice this is only my opinion and a hypothesis i feel the market will go up slightly before going down again
Bitcoin Long Term Technical AnalysisThere's a lot of FUD in the news for Bitcoin. Nonetheless, there are still a couple of support levels before we call it for the day.
In this analysis, I look at monthly timeframe with the RSI and previous ATM of 2013 - 2017.
I charted halving dates and ATM.
Let me know what you think.
Tesla on the rebound breaking above the multi-month downtrend Tesla found support at 655.55 and made a double bottom jeans with the furrrr rebound. It broke above the multi-month downtrend and is now testing the 700 resistance level. I’d say there’s about a 65% chance it will break higher back into the long term uptrend. Special thanks to Michael Blurry eyes who doesn’t believe in technicals and trashed the stock. Now it’s nice and cheap ;)
Dropbox gained a major multi year resistance zone!The higher low in november 2020 showed a break in market structure from a long downtrend since mid 2018. A higher high followed in december 2020 which was the first confirmation for a trend reversal. The next higher high en higher low fully comfirmed an up trend, which is still going strong and recently gained a multi year weekly resistance zone , which is a very probable new support zone to retrace to for the next higher low, and also a point of possible entry between 26 and 27 $. When the weekly supply zone around 31.3 and 32.3 $ is flipped the ATH will probably be challanged
The analysis above is not financial advice by any means, it's purpose is merely providing educational value tho those who are interested in learing about technical analysis