Ripple - Bullish retail about to get hit hardWe continue to be bearish on XRPUSD and maintain our short-term price target (0.30$) and medium-term price target (0.28$). Our view is based on a combination of fundamental and technical factors. Overall, our assessment is very similar to our latest post on BTCUSD; we believe the cryptocurrency market has not bottomed out yet and has a long way to go before reversing to the upside.
Illustration 1.01
Illustration 1.01 displays the daily chart of XRPUSD. Interestingly, its structure resembles that of BTCUSD.
Technical analysis - daily time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
Retracement toward the 50-day SMA and subsequent failure to break above it supports our early predictions about the rally being doomed to fail right in the beginning.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Coin
COINBASE in technical trouble... Noted that Coinbase COIN is in some sort of technical trouble.
Based on downside projections, the downdraft is technically aligned and sound, with a target of 23.36, by mid-December. This is a 50% cut in stock price from last Friday's closing.
An earlier breakdown of the triangle, and the more recent failure of the 2022 support last Friday suggest more downside to follow in the days and weeks ahead.
Heads up...
DASH - Long-Term View! ✒️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DASH has been overall bearish for a while and it is now approaching a strong weekly support and round number 30.0 in green.
DASH is forming a channel in red . For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in gray (50.0)
Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 25.0 - 30.0 support.
In this case, as price approaches the support again, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XLM - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XLM last week broke below the gray support and now approaching the green weekly demand zone.
For the bulls to take over from a short-term perspective, we need a daily closing back above the gray zone.
And then for the bulls to remain in control long-term, we need a daily break above the upper blue zone.
Meanwhile , until the bulls take over, XLM would be bearish and as we dive inside the weekly demand zone in green we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Coinbase graphical and fundamental analysis (COIN)1. Graphical Analysis
Since listing on the stock exchange, the stock has had a maximum depreciation of 90%, reached on May 12, 2022.
If the downtrend continues, the $40 support will be retested and in the worst case the price will reach $30 given the Fibonacci predictions.
To reverse this bearish bias, the price needs to break through the resistance ranging from the $58 to $68 region.
2. Fundamental Analysis
- Earnings per Share
- Net income
- Free cash flow
These indicators appear to reverse a downtrend.
But given the dire scenario created by the fall of FTX, it may be too early to say that.
- Net worth
There were no big swings.
- Price to Earns Ratio
- Price to Cash Flow Ratio
From July 2022 until now, there has been an inability to generate a profit.
Ditto for the previous comment, apparently it is reversing a downtrend.
Opportunity? I don't know...
I won't know for sure until the indicator crosses the zero line and the company actually makes a profit.
---
Speaking of the crypto market, it is also important to analyze the results of other companies in the cryptocurrency and blockchain sector, which are also publishing their results.
They are companies like Marathon, Riot, Hut, Core, Nile, among others.
By the way, the results that have come out so far don't look good.
Selling Coinbase slightly above previous support.Coinbase - 30d expiry - We look to Sell at 62.28 (stop at 67.21)
Our bespoke support of 60.00 has been clearly broken.
Previous support at 60.00 now becomes resistance.
Daily signals are bearish.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
This stock has seen poor sales growth.
The primary trend remains bearish.
Our profit targets will be 50.51 and 48.51
Resistance: 55.00 / 60.00 / 63.50
Support: 50.00 / 46.00 / 40.80
Daily chart
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Selling COIN in a range.Coinbase - 30d expiry - We look to Sell at 73.48 (stop at 78.66)
The primary trend remains bearish.
Price action continued to range between key support & resistance (60 - 74) although we expect a break of this range soon.
The bias is to break to the downside.
We look for a temporary move higher.
73.78 has been pivotal.
Preferred trade is to sell into rallies.
Our profit targets will be 61.02 and 57.02
Resistance: 67 / 74 / 80
Support: 60 / 56 / 50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ALGOOAAALLLL ⚽️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea (attached in the Related Ideas below), you know that I am keeping an eye on tokens that might get more exposure during the World Cup 2022.
Here is a quick reminder:
FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.
The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Source: Tweet attached on the chart
📉Technical Analysis:
ALGO lately rejected a weekly support zone 0.20 - 0.30 and since then it has been stuck inside a big range.
For the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.440
Meanwhile, if ALGO rejected the upper gray zone and trades lower, we will be looking for short-term buy setups as it approaches the lower gray zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NWC - Short-Term and Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NWC.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SAND - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: (Left Chart)
SAND is sitting around a strong demand zone in blue so we will be looking for buy setups on lower timeframes.
on H4: (Right Chart)
SAND formed a valid wedge pattern in red. but it is not ready to go yet.
For the bulls to take over, a momentum candle close above the last major high (in gray).
Meanwhile, until the buy is activated, SAND can still trade lower inside the blue demand zone (0.5 - 0.7)
In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COIN breakout?$COIN has recently broken out of its bearish pennant pattern with some potential upside. However, this could very well be a fakeout and continue lower just like it had happened previously. We are in a bearish pennant and could move back to the downside, especially if overall market sentiment continues to be bearish. Personally, I will go long if we can hold above this pennant and resistance. I will look to go short if we confirm this is a fakeout and we start to trend lower.
✅JASMY SEEMS TO PREPARE FOR 105% INCREASE COMING TIMEJasmy seems to be ready for the new high increase, which could bring Jamsy to above 100% increase coming time.
We have seen before similar trend with 300% increase in jammy.
For this reason, we will follow Jasmy coming time to see the last trends.
When there will be a breakout high chance this will be a whale breakout depending on breakout wick trading.
Marketcap of the coin is just: $22,527,154 at this moment, and the plans go further on country currency. it will fly but that's another story.
We don't believe in coins or news: but follow the data, because data did prove more times to be right
ALGO - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
ALGO has been stuck inside a range for a while.
For the bulls to take over from a long-term perspective, we need a break above the upper gray area (upper bound of the range)
Meanwhile, as we are approaching the lower bound of the range, we will be looking for buy setups on lower timeframes.
H4: Right Chart
From a medium-term perspective, we have been bearish making lower lows and lower highs.
For the bulls to take over, we need a momentum candle close above the last major high marked in green.
Meanwhile, until the buy is activated, ALGO can still trade lower till the gray zone where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RLinda ! MATICUSDT-> will the decline continue? MATICUSDT in the global perspective is set to fall, after a slight rise to the 1.0547 mark, the chart shows the settings that portend a further decline in price.
On the global chart, after a correction from the 0.300 zone, an upward correction to 1.0500 is formed, after which the price forms a downward range with the goal of continuing to fall
On the local chart a "descending wedge" pattern is forming, but as we see, the price is not yet ready to break through resistance, after updating the local lows, the price is going to continue to fall
I assume that after the pullback to the resistance area, the fall will continue, and the price may reach the support area of 0.6900.
Regards R.Linda!
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood start to the week,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 44 days and is stable (currently at around 5%). In concert the situation is bearish. Now the price is on the Kijun - which recently went below the Tenkan having lost the bullish move of mid-September in its calculation. As we note, the first major resistance is the Kijun itself.
The Kijun Trend indicator continues to indicate the search for short positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bearish movement with several red candles without shadow above.
Supports and resistances:
- 25000.00 Fibonacci
- 24600.00 Tenkan Weekly
- 23400.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 22400.00-22600.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20000.00 psychological threshold
- 19100.00-18900.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 17080.00Chikou cusp level or flat zones of Kijun and Tenkan
- 12700.00 from Hosoda waves
- 11000.00-13000.00 Chikou cusp level or flat zones of Kijun and Tenkan
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou for the daily timeframe.
In addition, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short-term), the Kijun Sen (medium-term) as well as the Senkou Span A and Senkou Span B (long-term).
Fibonacci:
The Fibonacci levels on the Daily still show us a long-term negative sentiment and places the 0 downside at 25000.00.
Conclusion:
The situation is bearish.
Hosoda waves indicate a bearish ABC pattern with targets at 20765, 19210, 17655, 17365.
From a fundamental point of view, the war, the energy crisis and inflation still do not see a solution.
It is important to assess the close of the week and during the week on the following price structures:
- Bullish/Lateral: 20400
- Bearish: 18400
Altcoin Cycle:
For Bitcoin Dominance and the Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance