Personal Memo part 2My previous idea was an extrapolation of the downtrend. It didn't go so down as expected, so... it's reversal ! Very good news.
We had a breakout of the 2 downtrend lines.
Now we are in wyckoff re accumulation.
Resistance: 480$, Support: 466$
It will take time, there is a hudge resistance above . I expect a breakout. It can come suddenly
Then a correction that will make the handle. and... GO ! Bears will turn into bulls. It will go up faster !
I'm often bearish. But now... It's bullish days :)
ETH-USD
Ethereum Accumulation Opportunity. Since May ETH was in a downtrend. But after the reversal on the end of June an upward trend is already developing. If it can close above the major resistance at 490 USD it may have a probability to perform an elliott rally. Both RSI and MACD showing a positive outcomes in the near future. Besides this some volume spike might be needed for the boost. Other than that it would be a good potential entry for those who get this currency less than 500 USD at all. An easy 100% profit is expected in the mid term investing opportunity and plan.
Accumulation Target : 480 USD - 495 USD
Short Term Targets
Target 1 : 516.84 USD
Target 2 : 543.31 USD
Target 3 : 580.99 USD
Mid/ Long Term Targets
Target 4 : 621.30 USD
Target 5 : 672.44 USD
Target 6 : 745.25 USD
Target 7 : 838 USD
StopLoss : 403 USD
Good Luck.
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NEOUSD (Volume Analysis Prediction 7/05/2018)
Ticker: NEOUSD
Exchange: BITFINEX
Mid term signal: buy
And so, NEO follows the market as a whole
buy at the top of the trend - this is not the best idea
It is worth buying from a rollback, so we reduce the risk
And also increase profits
Now the coin looks better than the market, but in general it is worth being prepared that it will start to fall after the market
Enter: 38,84
Take profit 1: 42,00
Take profit 2: 44,90
Stop: 37,85
XRP / Ripple: The Illuminati coinRipple plays an an important role in the crypto space, and an even more important role within the finance industry in general. Ripples' products serve as an inter-ledger system, connecting crypto and fiat currencies, for easy conversion. As the xCurrent system gets adopted by more and more banks, like Kotak Mahindra for example, Indias largest bank, and as more wallets support XRP just like Wirex will in the next few days, will XRP be the one coin to rule them all?
The chart tells us there's great support at $0.45 - $0.50 range, but the biggest problem with this coin (for us traders) is that news and other fundamental influences don't do much for this chart. But that is definitely a great sign for the coin itself, when stability is concerned. This is what the banks want to see, is my liquidity going to take a shit if there's a lil bad news floating around, or will it hold up?
I believe anything under $0.50 will be a great buy for this coin. Hodl more of this long- a couple years long, unload for some profits early on tho. Can we see XRP at a couple bucks again soon? Maybe a Christmas present from Brad Garlinghouse?
ETH to re-test $800 (May highs)A clear break above descending trend line would indicate a potential re-test of May highs ($800) where strong resistance sits at around $600 and $700 respectively. If we fail to break descending trend line, will be looking to head towards longer term support from April lows around $380.
A second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line (440.100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (440.100).
Entry signal:
Signal to enter the market occurs when the price comes to "support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 440.100 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
The RSI downtrend #2 is broken, so the probability of resumption of the uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Take Profits:
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1328174 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 620946 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 523.734(current price) - 420.243(open price) = 103491 pip
6 trade(s) still open, therefore total profit for open trade(s) is 103491 x 6 = 620946 pip
A second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line (440.100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (440.100).
Entry signal:
Signal to enter the market occurs when the price comes to "support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 440.100 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
The RSI downtrend #2 is broken, so the probability of resumption of the uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Take Profits:
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1328174 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 620946 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 523.734(current price) - 420.243(open price) = 103491 pip
6 trade(s) still open, therefore total profit for open trade(s) is 103491 x 6 = 620946 pip
WANETH bottom is inGoing to go out on a ledge here and say bottom is in for the WAN/ETH pair.
This is a long term hold. Take profits target 1 is $34.
ETH: uptrend continuation Everyone is bearish, but everywhere I look I see bullish signs. Maybe those signs are there to deceive foolish people... maybe they don't exist at all.
This is fairly simple. ETHUSD is painting a similar pattern as before and areas of the same colour correspond to each other. I see across the board (BTC/BCH/ETH) bullishness into August.
In January I called a 0.786 correction for ETH down to 400 when bulls were saying it would never go down below 1000 again. Maybe I just got lucky. Now I'm saying extension to 1.618 level after bouncing soon.
There is a Second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
* There is still a possibility of temporary retracement to suggested support line (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 496.730 is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.
Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1584266 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 877038 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip
6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip
ETH/USD Bearish outlook on the hourlyLike with with ETH/EUR pair, We are seeing rising wedge formations. When these wedges break I am seeing high a probability for more downward movement. The Oscillators based on most recent trends are indicating the right type of momentum buildup for another downturn in Mays market conditions.
On a side note ETH had a huge fall some hours ago that was nothing short of parabolic. We say a very powerful downward movement, within literally seconds we saw the floor become the ceiling. If this move was some how synthetic, the near future might contain unexpected surprises, so my stop losses are strategically placed.
Good Hunting.
ETHUSD - SETUP - WEEKLY CONTINUATION - 28 MAYWELCOME TO DACAPITAL TRADING!!
ETHUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong H4 Breakdown below previous week price action low
DAILY
Very bearish price movement last couple of days forming several lows
WEEKLY
We now have 4 highly bearish candles in a row following this movement..
LEVELS
SHORT @ 532.23
SL @ 577.88
TP1 @ 487.30
TP2 @ 463.39
TP3 @ 441.80
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
ETH / USD - Pinball Until Big Money Pours In (WHICH IT IS)Crypto is becoming more and more mainstream! The SEC basically just gave a warning about buying into ICOs. No regulation whatsoever still! I don't see it coming for a few years. Wallstreet is buying in too!
I see ETH bouncing around until the big money funnels in.
Get ready for some cash.