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EOSUSD - 4H - UpdateEOS was forming an iH&S and broke out of the formation today with decent volume (not as much as we would like to see) and its projection target is around $5.7. We can see that EOS broke above the supply zone around $5.3-$5.4 and has used it as support to propel itself to the iH&S projection. We can see that the RSI is starting to hit the upper range and the MACD has moved higher over the midline but not as enthusiastic as the price move. We could be due for a pullback and EOS would need to hold the support level in order to continue upward momentum but a break below could drop it to the breakout level or to the lower support zone around $4.9. If one was looking to short EOS, the ideal entry would be at the supply zone around $5.9-$6.1 as it is a strong resistance level and a first touch would likely cause a strong reaction to the downside. For a long position, the holding of the first and/or second support would create the ideal entry. Please hit the 'like' button and give us a follow! Comment below, let us know what you think and where you see the market going in the future! Thank You!
BITFINEX:EOSUSDShort
by CM_Trades
BNB top is in for nowBNB has been a notable exception to the Crypto market recently, rallying against BTC during the bear market. BNB - Because I mentioned it. This is a glorious chart, strong bullish trend long term with long slow corrections between bullish continuations. Love it. Last time we had this kind of bearish divergence on the 6hr RSI for BNB was previous ATH. I think the high is in for now on this one. Expect a longer retrace with new buying opportunity in 1-4 weeks. One to keep an eye on for sure. Looking for the 6hr, or daily, Kumo cloud to act as support - depending on the potential strength of the rallies continuation. If the daily cloud fails to hold the price action, I will dump it and look to buy back after it re-enters the kumo or at a lower price. Bearish divergence obvious on 6hr Price - RSI 1 day:
by Nevermorejk
1
First 'short' Then 'long' Look on XLMBTCFA : - Has a Beta event in May but in overall there are not so many critical events exist till 'Lightning Network' - in the end of 2018-. - One of top 10 coins on the marketcap. Means, "Keep Calm, Buy Low and Hodl" - Has its own Decentralized Exchange. You can buy it with inner peace. - More than 60 options to trade XLM on several exchanges with several parities. TA : - Red Line : 20MA, Green Line : 50MA, Blue Line : 200MA. You can see the similarity between those lines reported in circles and vertical-blue-lines. - One of the similarities between circles is 20MA has just crossed 50MA downwardly. They will reach the 200MA in next month with a "Falling Knife". All the MAs will come together when the price fall below them. - We will see a huge correction in the upcoming 'bearish' months of XLM. 20MA & 50MA says it will be 'bearish' period, not me. But overall trend is bullish as you can see from 200MA. - Also fib levels as supports and resistances are very clear. - It will touch again its initial value~2000 satoshis at the 4th wave of Elliot which is also a fib-support and under the MAs-reach-point. - Fib-support around 2000 satoshis will be broken down and turn into a resistance. Support and resistance are both generate an accumulation zone under MAs-reach-point. And we will call it 'buyzone'. Overall : - It is a very Long Term Trade as you can see frankly. Don't take it as a Daytrading Advice. - As you see I am very short for Stellar in the coming months. But after that, XLM can 'moon' - Big Green Box is Buyzone : 1500 - 2000 satoshis. We can reach it in Q2 of 2018. - Target is 8000 - 10000 satoshis. It will rise in Q4 of 2018. - Time is 9-12 months. - Potential is between x4 and x7 if you WAIT FOR THE DIP/BUYZONE Please comment if I have mistakes. Good luck.
by aozan88
3
Bitcoin Projections: It's All About the CorrectionHey traders, Quick Summary, focus is on the correction today for obvious reasons, where is the bottom? 8700-8900. lots of confluence at this zone. I project a wick will make it through the 200 ema on the daily chart and bounce with nice volume off the .382 fib line for the overall retracement, if we fall below this area things may get bearish real quick. Remember, its a bear market til we pass over 11780ish. As such, we can't let these rally's go to our head like Bitcoin is invincible. :) lol Make smart moves and recognize when critical points are broke to validate certain scenarios playing out. Its easier to make short term projections than long term projections, as a trader, this is where the money is made. If we break out of the descending channel we are in and find support on top of 8300 then a SHORT TERM long position I will enter to 8600 attempt, although i expect to get shutdown from there and fall lower overall. Best of luck traders. If you enjoy my videos please follow and like, you can find me under multiple other platforms as well under the crypto blend or crypto hippo. I can't post the links in here though so just YouTube it. Im the only crypto hippo :)
BITFINEX:BTCUSDShort
by TheCryptoBlend
Houston! WE FOUND THE BOTTOM. #BTCUSDShould I scare going against the trend? well, lots of TA thinks we going to 5\4\3, and I ask my self, why? None of the TA charts support this, only long shot charts requested by some analysts, As simple as I see it, BTC has found the bottom. I will Be very surprised if we will not hold the 6000. Now, all we need is just watch the days go by, and Sorry for not longing this Shit all the way up. This is my TA, done for my OWN purpose, StopLoss At 5700. Love you all!
BITMEX:BTCUSD.PLong
by BITBITcrypto
2