Deya Hroob
Member
So, you should go for it now
Daily Technical Analysis Of Crypto
- Thread starter Deya Hroob
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Deya Hroob
Member
Where to Buy TRX
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
After hitting $0.10 level as expected in the last analysis, TRX has failed to penetrate this level so it bounced back. Moreover, it wasn't able to break out the small downtrend ( the black one on the chart) in the last four days.
However, TRX is still trading on the uptrend ( the red one on the chart). It should provide support, but if the bears break it down a fall to $0.0566 level is possible where we anticipate strong buying. Since this is the 61.8 percent Fibonacci retracement from the last fall from $0.10 to $.0282 and where the 50-day SMA is located now.
TRX will turn negative if it breaks down $0.0566 level. On the upside, we expect some minor resistance from the downtrend. Therefore, we recommend buying TRX on a breakout of this trend.
On the downside, we recommend buying TRX at $0.0566 level.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
After hitting $0.10 level as expected in the last analysis, TRX has failed to penetrate this level so it bounced back. Moreover, it wasn't able to break out the small downtrend ( the black one on the chart) in the last four days.
However, TRX is still trading on the uptrend ( the red one on the chart). It should provide support, but if the bears break it down a fall to $0.0566 level is possible where we anticipate strong buying. Since this is the 61.8 percent Fibonacci retracement from the last fall from $0.10 to $.0282 and where the 50-day SMA is located now.
TRX will turn negative if it breaks down $0.0566 level. On the upside, we expect some minor resistance from the downtrend. Therefore, we recommend buying TRX on a breakout of this trend.
On the downside, we recommend buying TRX at $0.0566 level.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
Deya Hroob
Member
Ethereum Analysis
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
Ethereum has broken down the uptrend today, however, it found support from the 200-day SMA. If Ethereum finds it difficult to come back again above the uptrend, it may sink to test the $614 level, below it the 50-day SMA will be the next support level.
On the upside, we should look for the first target at $765, if Etherum succeeds to go above it a move to $830 is possible which is the 6 MAY high.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
Ethereum has broken down the uptrend today, however, it found support from the 200-day SMA. If Ethereum finds it difficult to come back again above the uptrend, it may sink to test the $614 level, below it the 50-day SMA will be the next support level.
On the upside, we should look for the first target at $765, if Etherum succeeds to go above it a move to $830 is possible which is the 6 MAY high.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
Graybeard
Well-Known Member
17X charges? NOPE. I just got hit with 50, count them 50 duplicate charges to the tune of $67k total. • r/CoinBase
Serious problems at Coinbase FYI
Graybeard, Feb 18, 2018
Serious problems at Coinbase FYI
Graybeard, Feb 18, 2018
affmarketer101
Well-Known Member
Following with this to get more update from crypto. Thanks for sharing your knowledge.
Deya Hroob
Member
Ethereum Analysis
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
After a sharp decline, Ethereum has broken down both the 20-day EMA and the 50-day SMA, this is a bearish sign. However, it found support from the trend line 1. If this trend is broken the decline may extend to $464 level, it's 78.6 percent Fibonacci retracement.
On the way up, Ethereum will face resistance from the 50-day SMA and then from the 20-day EMA. We anticipate selling pressure on the area between these moving averages. So, you can trade Ethereum by buying on trendline and selling on moving averages.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
Crypto Analysis: Ethereum Analysis
* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
After a sharp decline, Ethereum has broken down both the 20-day EMA and the 50-day SMA, this is a bearish sign. However, it found support from the trend line 1. If this trend is broken the decline may extend to $464 level, it's 78.6 percent Fibonacci retracement.
On the way up, Ethereum will face resistance from the 50-day SMA and then from the 20-day EMA. We anticipate selling pressure on the area between these moving averages. So, you can trade Ethereum by buying on trendline and selling on moving averages.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
Crypto Analysis: Ethereum Analysis
affmarketer101
Well-Known Member
Really nice analysis.
PrideOfElites
New Member
This thread is very informative
Deya Hroob
Member
ETH
Need a breakout to reach the next level at $540
Crypto Analysis
Need a breakout to reach the next level at $540
Crypto Analysis
Last edited by a moderator:
Deya Hroob
Member
TRX needs to penetrate 0.04 to move to the next level at 0.049. However, 0.035 level seems to be a good support. Trx now is trading above both 20 and 50 moving averages which are quite positive.
Crypto Analysis
Crypto Analysis
Last edited by a moderator:
Deya Hroob
Member
Exit Strategy help us Protect Our Captial ( Huobi token as an example)
There is a common saying “let your profit run and cut your loss short”. Any successful trader should consider using Stop Loss on his trades. This is leads us to a large concept of Exit Strategy.
Your exit not your entry is what determines whether your trades are successful or not. If you enter a position correctly and your exit is bad, your deal will look bad. Conversely, Good exits can make bad entry look good. This demands to know some about technical analysis.
Let’s take an example to demonstrate this:
This is a chart of HT/USD (Huobi token), and it formed a well-known Head and Shoulders Reversal Pattern. Let’s see how we could Exit with the least damage once we recognize this Pattern.
Anyone who has some knowledge of technical analysis knows that when price drop below neckline in this pattern (as shown on the chart) it means that to get out immediately even if you are in red. So we can place our exit point just below the neckline. The big question now Why to exit quickly when it drop below neckline?
Because this pattern has a price objective, in other words, we can determine how much the token will go down once it breaks down the neckline. In our example above, the price of HT was around $4 when it broke down the neckline, to predict how much HT will go down we can do this ( Take the vertical distance from the head (point A) to the neckline, then calculate the difference) in our example the difference would be $2 because the point A was around $6 and neckline was $4. Now, to know the price objective you just need to minus $2 from the price of the neckine ( $4 - $2 = $2), so the first support is around $2. Supersingly, the price of HT now is $1.65 but remember we exited when the price was $4. Our exit was super excellent.
If you just kept your tokens without exit till now, it would end you up with huge loss.
As a trader you should accept a loss as a part of the game, even the best traders lose but most importantly how large your loss is.You must avoid such catastrophic losses by all means and you can achieve this by applying Exit Strategy.
Stop loss save your capital and gives you an opportunity to jump in a new trade. Markets are always full of opportunities but you need to protect your money from disappearing to take advantage of them.
CryptoAnalysis
There is a common saying “let your profit run and cut your loss short”. Any successful trader should consider using Stop Loss on his trades. This is leads us to a large concept of Exit Strategy.
Your exit not your entry is what determines whether your trades are successful or not. If you enter a position correctly and your exit is bad, your deal will look bad. Conversely, Good exits can make bad entry look good. This demands to know some about technical analysis.
Let’s take an example to demonstrate this:
This is a chart of HT/USD (Huobi token), and it formed a well-known Head and Shoulders Reversal Pattern. Let’s see how we could Exit with the least damage once we recognize this Pattern.
Anyone who has some knowledge of technical analysis knows that when price drop below neckline in this pattern (as shown on the chart) it means that to get out immediately even if you are in red. So we can place our exit point just below the neckline. The big question now Why to exit quickly when it drop below neckline?
Because this pattern has a price objective, in other words, we can determine how much the token will go down once it breaks down the neckline. In our example above, the price of HT was around $4 when it broke down the neckline, to predict how much HT will go down we can do this ( Take the vertical distance from the head (point A) to the neckline, then calculate the difference) in our example the difference would be $2 because the point A was around $6 and neckline was $4. Now, to know the price objective you just need to minus $2 from the price of the neckine ( $4 - $2 = $2), so the first support is around $2. Supersingly, the price of HT now is $1.65 but remember we exited when the price was $4. Our exit was super excellent.
If you just kept your tokens without exit till now, it would end you up with huge loss.
As a trader you should accept a loss as a part of the game, even the best traders lose but most importantly how large your loss is.You must avoid such catastrophic losses by all means and you can achieve this by applying Exit Strategy.
Stop loss save your capital and gives you an opportunity to jump in a new trade. Markets are always full of opportunities but you need to protect your money from disappearing to take advantage of them.
CryptoAnalysis
Like this thread abou daily technical analysis of crypto currency for a successful Trading strategy because get detail information regarding trading this is very helpful forecast to all trader.
Deya Hroob
Member
Ethereum Trade Idea
Ethereum has been trading inside a channel in the last two weeks. With $140 upper resistance line and $130 support line. Also, it is trading above the moving averages which is quite positive.
Our trading idea based on a breakout above the resistance line. If the price penetrates the $140 level and closes above it , it will give us a trading opportunity to open long postion with the first target around $167.
However, Ethereum will find strong support at $130 level since the 50 day EMA is at the same level and just below it you will find the 100 day SMA, therefore any dips to this level will be bought by the bulls.
Crypto Analysis
Ethereum has been trading inside a channel in the last two weeks. With $140 upper resistance line and $130 support line. Also, it is trading above the moving averages which is quite positive.
Our trading idea based on a breakout above the resistance line. If the price penetrates the $140 level and closes above it , it will give us a trading opportunity to open long postion with the first target around $167.
However, Ethereum will find strong support at $130 level since the 50 day EMA is at the same level and just below it you will find the 100 day SMA, therefore any dips to this level will be bought by the bulls.
Crypto Analysis
Deya Hroob
Member
Dead Cat Bounce Trading Strategy
What is A Dead Cat Bounce
It is a bounce or correction of the price during a strong bearish trend either because of some news or because of profit taking. Unprofessional traders can't distinguish it from a real reversal trend which may cause them huge losses when the price resume it's bearish way.
There are numerous trend indicators that can help any trader to spot a real reversal in trend than a fake one ( dead cat bounce) such as, Moving averages, MACD and Parabolic SAR.
How to trade Dead Cat Bounce?
This is WTI Crude Oil daily chart. As we can see the price started to went up. However, neither the moving averages nor the Parabolic SAR did signal a reversal. Now , we need a confirmation of a Dead Cat Bounce which happened when the price plummeted below the last low at $ 58.13 and we could open short position at this level. If you had taken this trade, you would have made good profits.
Let's take another example. This is USD/JPY daily chart. After a hard decline the pair stared to correct up. In spite of that, the moving averages and RSI didn't support a reversal in price, thus, we waited the price to break down the last low at 109.30 to go short. As you noted , the pair has declined and our trade ended in profit.
As usual, you have to trade wise and not take any analysis as a guarantee, so you should use stop loss on any trade you open. On the example above you could place the stop loss above the last high.
What is A Dead Cat Bounce
It is a bounce or correction of the price during a strong bearish trend either because of some news or because of profit taking. Unprofessional traders can't distinguish it from a real reversal trend which may cause them huge losses when the price resume it's bearish way.
There are numerous trend indicators that can help any trader to spot a real reversal in trend than a fake one ( dead cat bounce) such as, Moving averages, MACD and Parabolic SAR.
How to trade Dead Cat Bounce?
This is WTI Crude Oil daily chart. As we can see the price started to went up. However, neither the moving averages nor the Parabolic SAR did signal a reversal. Now , we need a confirmation of a Dead Cat Bounce which happened when the price plummeted below the last low at $ 58.13 and we could open short position at this level. If you had taken this trade, you would have made good profits.
Let's take another example. This is USD/JPY daily chart. After a hard decline the pair stared to correct up. In spite of that, the moving averages and RSI didn't support a reversal in price, thus, we waited the price to break down the last low at 109.30 to go short. As you noted , the pair has declined and our trade ended in profit.
As usual, you have to trade wise and not take any analysis as a guarantee, so you should use stop loss on any trade you open. On the example above you could place the stop loss above the last high.
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Deya Hroob
Member
Bitcoin Price Predication : BTC is trading above the ascending channel
On the daily chart of Bitcoin, the upper line of the ascending channel has provided great support for Bitcoin dips since 27th June. Bitcoin has bounced from it numerous time. It actually acts as the first defence wall for BTC, hence, it gives us great trading opportunities. As long as the price sustains above the ascending channel, the bulls will try to test the recent highs at 13,900 However, if Bitcoin breaks it down it will find support from the 50-day SMA and then the lower line of the ascending channel.
Traders should be patient and wait to buy on supports mentioned above. Levels to watch for short term is 11,800( it's the 23.6 Fibonacci level) then 12,500. RSI is at 55 which shows a consolidation for the next few days.
BTC/USD will only turn negative if it slips below the ascending channel.
On the daily chart of Bitcoin, the upper line of the ascending channel has provided great support for Bitcoin dips since 27th June. Bitcoin has bounced from it numerous time. It actually acts as the first defence wall for BTC, hence, it gives us great trading opportunities. As long as the price sustains above the ascending channel, the bulls will try to test the recent highs at 13,900 However, if Bitcoin breaks it down it will find support from the 50-day SMA and then the lower line of the ascending channel.
Traders should be patient and wait to buy on supports mentioned above. Levels to watch for short term is 11,800( it's the 23.6 Fibonacci level) then 12,500. RSI is at 55 which shows a consolidation for the next few days.
BTC/USD will only turn negative if it slips below the ascending channel.
Graybeard
Well-Known Member
No more *pump and dump* tell me its not true!
LUXCoin (LUX) price, charts, market cap, and other metrics | CoinMarketCap <<< this may be good spec
LUXCoin (LUX) price, charts, market cap, and other metrics | CoinMarketCap <<< this may be good spec
Deya Hroob
Member
Bitcoin: Struggles to clear resistance
Bitcoin broke below the upper line of the ascending channel on July 14. But as expected from the last analysis it found support from the 50-day SMA. The pair bounced off the 50-day SMA and rose to test $11,000 level.
However, Bitcoin faced stiff resistance from both the 20-day EMA and the trend line. If it fails to clear them up, it may correct down to the 50-day SMA and then the lower line of the ascending channel.
The RSI is under 50 and in a downtrend condition which shows the bulls is losing power. There isn't any clear buying setup at the current conditions, hence, traders should wait to buy at supports or if Bitcoin goes above the 20-day EMA.
Bitcoin broke below the upper line of the ascending channel on July 14. But as expected from the last analysis it found support from the 50-day SMA. The pair bounced off the 50-day SMA and rose to test $11,000 level.
However, Bitcoin faced stiff resistance from both the 20-day EMA and the trend line. If it fails to clear them up, it may correct down to the 50-day SMA and then the lower line of the ascending channel.
The RSI is under 50 and in a downtrend condition which shows the bulls is losing power. There isn't any clear buying setup at the current conditions, hence, traders should wait to buy at supports or if Bitcoin goes above the 20-day EMA.
Deya Hroob
Member
NEO fights recovery
Like other Cryptos NEO/USD has declined more than 50% since July 26. It fell below the moving averages. The pair is trading now at $11 just above the 200-day SMA. The first resistance can be seen at $11.35, it's the 61.8 Fibonacci retracement level.
An upside break up can trigger rise towards next resistance at $13.19.
On the other hand, if NEO/USD slips below the 200-day SMA, it may plummet to $8.75 support level. RSI is close to oversold territory which shows that the power of the bears.
Like other Cryptos NEO/USD has declined more than 50% since July 26. It fell below the moving averages. The pair is trading now at $11 just above the 200-day SMA. The first resistance can be seen at $11.35, it's the 61.8 Fibonacci retracement level.
An upside break up can trigger rise towards next resistance at $13.19.
On the other hand, if NEO/USD slips below the 200-day SMA, it may plummet to $8.75 support level. RSI is close to oversold territory which shows that the power of the bears.
Deya Hroob
Member
Bulls defend NEO
After a sharp decline NEO has rebounded from the uptrend line, which shows that the bulls are ready to defend this important support. The pullback from the uptrend line witnessed a strong resistance from both the 100-day and 200-day EMA. They are nearly at the same level.
If the bulls scale above the moving averages, NEO may rise towards next resistance zone between $14.50 and $15 level.
However, if NEO/USD turns down from this strong resistance, it will find support from the uptrend line.
If the price plummets below the uptrend line, it will shows a change in trend. As long as the price sustains above the trend line, NEO will keep the bullish view alive.
Since NEO is trading at a resistance level , traders should wait to buy at supports.
After a sharp decline NEO has rebounded from the uptrend line, which shows that the bulls are ready to defend this important support. The pullback from the uptrend line witnessed a strong resistance from both the 100-day and 200-day EMA. They are nearly at the same level.
If the bulls scale above the moving averages, NEO may rise towards next resistance zone between $14.50 and $15 level.
However, if NEO/USD turns down from this strong resistance, it will find support from the uptrend line.
If the price plummets below the uptrend line, it will shows a change in trend. As long as the price sustains above the trend line, NEO will keep the bullish view alive.
Since NEO is trading at a resistance level , traders should wait to buy at supports.
Graybeard
Well-Known Member
Powerball jackpot for Mar. 20 reaches $550M: Everything you need to know
>>>
Ripple Price Analysis
Fundamentals
An independent report now reveals that the so-called XRP army is a lie. Instead, the army consists of thousands of bots and at-least 8,000 fake Twitter accounts. By coordinating and working together on several topics touching on Ripple and XRP, the manufactured “army” has one sole objective: That of altering public opinion across the social media platform Twitter.
Ripple (XRP) Army A Manufactured Web of Bots, Research Reveals
the fun never ends
>>>
Ripple Price Analysis
Fundamentals
An independent report now reveals that the so-called XRP army is a lie. Instead, the army consists of thousands of bots and at-least 8,000 fake Twitter accounts. By coordinating and working together on several topics touching on Ripple and XRP, the manufactured “army” has one sole objective: That of altering public opinion across the social media platform Twitter.
Ripple (XRP) Army A Manufactured Web of Bots, Research Reveals
the fun never ends
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Deya Hroob
Member
Ethereum Price Analysis: Bears pushes ETH down
In the daily chart of Ethereum, the uptrend line provided support on JULY 16. This is long term support for Ethereum.
However, numerous elements that concern us. All the moving averages show a bearish view and there is a death cross between the 50-day SMA and the 20-day EMA . Also, RSI is in a downtrend condition.
With all these conditions a retest of the uptrend line is more likely to happen again.
Traders should keep a positive view as long as Ethereum stays above the uptrend line.
In the 1H chart, Ethereum is trading in a downtrend channel which confirms the bearish outlook in short-term. Day traders may use the lower line of the channel as a buying opportunity and the upper line as taking profit.
In the daily chart of Ethereum, the uptrend line provided support on JULY 16. This is long term support for Ethereum.
However, numerous elements that concern us. All the moving averages show a bearish view and there is a death cross between the 50-day SMA and the 20-day EMA . Also, RSI is in a downtrend condition.
With all these conditions a retest of the uptrend line is more likely to happen again.
Traders should keep a positive view as long as Ethereum stays above the uptrend line.
In the 1H chart, Ethereum is trading in a downtrend channel which confirms the bearish outlook in short-term. Day traders may use the lower line of the channel as a buying opportunity and the upper line as taking profit.
Deya Hroob
Member
Moving Averages Trading Strategy
We can use Moving Averages in numerous trading strategies but in this article, we will focus on A crossover strategy.
This strategy works when the market is trending, but if the market is choppy or moving in sideways,this strategy may provide false signals.
In this strategy, we use 5-day EMA with the 20-day EMA crossover. You can test different EMAs length or time frames to see which works best for you.
To eliminate false breakouts and be more evident in our trades, we should use another tool as a support of our view. In our strategy, we will use the Volume as a confirmation tool.
We open long positions when 5-day EMA crosses above the 20-day EMA accompanied by high volume. We open shorts when 5-day EMA crosses below the 20-day EMA accompanied by high volume.
Let's take an example, below is a daily chart of Gold, as you can see the 5-day EMA crosses above the 20-day EMA. Notice how the volume increasing after the breakout, thus, we take it as a confirmation to open a long position.
After this breakout Gold made a significant profit.
Let's take another example which gave us two signals. This is ETHUSD daily chart. Firstly, the 5-day EMA crosses above the 20-day EMA accompanied by huge volume which validates our buying position. After the breakout, Ethereum rose more than 50%.
The second signal came when 5-day EMA crosses below the 20-day EMA, also the volume increases compared to the previous days, thus, we opened a short position with confidence. Ethereum declined from $280 to around $200 after the breakout.
Now, let's take an example of false signals. Below is a daily chart of EOSUSD. As shown from the chart in the late of April, 5-day EMA crosses below the 20-day EMA, however, the volume was weak which doesn't support a bearish view. Look carefully how the volume goes up each time 5-day EMA is above the 20-day EMA, which indicates the bullish view is still strong.
Even if we can make some profit using this strategy during a sideways market, but we don't recommend trading it to avoid false breakouts.
TradeAnalysiz
We can use Moving Averages in numerous trading strategies but in this article, we will focus on A crossover strategy.
This strategy works when the market is trending, but if the market is choppy or moving in sideways,this strategy may provide false signals.
In this strategy, we use 5-day EMA with the 20-day EMA crossover. You can test different EMAs length or time frames to see which works best for you.
To eliminate false breakouts and be more evident in our trades, we should use another tool as a support of our view. In our strategy, we will use the Volume as a confirmation tool.
We open long positions when 5-day EMA crosses above the 20-day EMA accompanied by high volume. We open shorts when 5-day EMA crosses below the 20-day EMA accompanied by high volume.
Let's take an example, below is a daily chart of Gold, as you can see the 5-day EMA crosses above the 20-day EMA. Notice how the volume increasing after the breakout, thus, we take it as a confirmation to open a long position.
After this breakout Gold made a significant profit.
Let's take another example which gave us two signals. This is ETHUSD daily chart. Firstly, the 5-day EMA crosses above the 20-day EMA accompanied by huge volume which validates our buying position. After the breakout, Ethereum rose more than 50%.
The second signal came when 5-day EMA crosses below the 20-day EMA, also the volume increases compared to the previous days, thus, we opened a short position with confidence. Ethereum declined from $280 to around $200 after the breakout.
Now, let's take an example of false signals. Below is a daily chart of EOSUSD. As shown from the chart in the late of April, 5-day EMA crosses below the 20-day EMA, however, the volume was weak which doesn't support a bearish view. Look carefully how the volume goes up each time 5-day EMA is above the 20-day EMA, which indicates the bullish view is still strong.
Even if we can make some profit using this strategy during a sideways market, but we don't recommend trading it to avoid false breakouts.
TradeAnalysiz
Deya Hroob
Member
Ethereum Price Prediction: Eyes on $190 level
In our last analysis ,we expected a retest of the uptrend line and that's what happened. However, the rebounded from the trend line wasn't strong enough to scale above the major resistances. This shows that the bears seize any opportunity to sell on higher levels.
Ethereum has corrected close to 61.8% of the entire rally from the low of $80 to $363. This level acted as strong support before, it's around $190. If Ethereum plummets and closes below $190, it can fall to $140 level.
On the upside, Ethereum needs to scale above the 20-day EMA to resume the uptrend. As long as Ethereum is trading below the moving averages, traders should patiently wait before opening any fresh positions.
In our last analysis ,we expected a retest of the uptrend line and that's what happened. However, the rebounded from the trend line wasn't strong enough to scale above the major resistances. This shows that the bears seize any opportunity to sell on higher levels.
Ethereum has corrected close to 61.8% of the entire rally from the low of $80 to $363. This level acted as strong support before, it's around $190. If Ethereum plummets and closes below $190, it can fall to $140 level.
On the upside, Ethereum needs to scale above the 20-day EMA to resume the uptrend. As long as Ethereum is trading below the moving averages, traders should patiently wait before opening any fresh positions.
