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Technical-analysis

NEW ALL TIME HIGH COMINGWhen in doubt, zoom out. Following a falling wedge pattern, a bullish move is expected if structure permits. The current falling wedge acts as a W1 timeframe lower high and on the daily timeframe, we see that it is also a retest of a D1 indecision level as a new support. Extended wicks below and short wicks on top indicate bearish exhaustion with bullish pressure returning. I'm expecting price to push past the 64,900 level where the all time high is located due to the July 21st to July 30th bullish impulse creating a 38.2% Fibonacci retracement. Feel free to comment and let me know what you think. Please like and follow for future analysis'.
COINBASE:BTCUSDLong
by Toppa
4
Polkadot Price Analysis with Buy areasWelcome back to yet another technical analysis on a cryptocurrency. In this analysis, I will look at the price of Polkadot, using EMA's, trendlines, fibonacci retracement and key levels. I assume all cryptocurrencies to be bullish still for a month or two and after that I am not sure how it will go after that. This analysis might seem a little overwhelming at first, but the only interesting thing for you are the coloured boxes. The green boxes are buy areas, where the upper one if more of a hold area and the longer one's are more daytrades, but also less risky hold areas. The purple areas are break retest opportunities, where price has to break through it first and then I think they will act as support. It is very important to understand that these boxes can only be used when price actually hits them in the chart and that they are therefore limited to a certain timeframe in the future. Always make sure to do your own analysis too!
Long
by CilinixFXCapital