Get started

Neutral

Will ETH follow H&S formation? Get ready for price action!First of all, I would like to start with a sincere thank you to all of my followers. I have received a ton of messages from people asking what happened and why all of the sudden my posts stopped. I am well and healthy, thanks 🙏 Just had a really busy week and in situations like these, we sometimes have to make a hard call on what to prioritize. Our Data Money community continues to grow and is active regardless. I am very pleased to see that people are continuing to make a profit albeit TA's turned to be a more difficult part. Back to business Crypto markets have been very active last weekend and we have an exciting start of the week. Macro-level data suggest a formation of head and shoulders pattern, it is likely that we will see nice price action throughout the week opening opportunities for quick profitable long and short opportunities. At a micro level, at the moment price is struggling between ETH $1750 and $1730. ETH price has to break below $1730 to continue on H&S pattern. Please keep in mind that ETH $1750 is a psychological number and $1730 formed strong support next to it. It may again put ETH into a box of "too many constraints" that can send the market into another few days of limbo. Today's technicals: Position is neutral . Our recommendation is to long the dip and exit before it hits the top for H&S continuation. Data Money fans with early access already know that we have opened long positions at ~$1730 this morning 💸 Forecasted highs at ETH $1830 and unlikely $1890 Mid-way point moved down to $1820 Forecasted lows at $1730, $1700 and a must buy $1660 Have a great start of the week! 🤑 If you would like to have early access to Data Money ETH technical analysis write "I like Data Money! ETH price will go up!" or "I like Data Money! ETH Price will go down!" in the comments down bellow 😉
by DataMoney
5
EURUSD running in circlesHello ! For the moment, we have to wait to see if it reaches 1.9150 at first. As you can see, that level became somewhat of a support level, therefore entering a position without confirmation is a bad choice. After the level is reached, we should see if a long is a good option or not, because there are a few hundred pips worth taking, as an intraday short term trading. This is just an opinion, use due diligence, stop loss and take profit, after making your own analysis. Many thanks and cheers !
by MBGD
DOTUSD - High risk.Red line- major resistance blue line support (low target if short) W pattern shown Green line high target if long and maybe a higher move from there. I've noticed high demand for dot tokens and no supply, but its not just dot. In matter of fact almost everycrypto is on low supply high demand , yet prices of these alts are not moving,my guess is people placed their orders above or below certain price leves , thus not affecting the market price yet also probably because BTC faced the prehistorical 2013 resistance support line around 60k(still resistance for now) , which should be now around 65k. almost every crypto right now has bullish signs , W patterns, Inversed H and S yet nothing is really moving - the reason in my opinion is - people margined their positions- talking about min 10x margin of their capital on a asset, with that being some of them shorting it - supplying the market thus price goes down or the opposite- they bought and have put a high order above the resistance line so that they can get a more clear less risk profit . (the no supply idea came to me yesterday, because alot of cryptos when trying to margin either long or short you would get a pop out message - try again later no dots right now (for example) . My position is neutral i will wait for confirmation and see. I also think this simple chart applies to most cryptos . not financial advice just bananas ktnxbye.
BINANCE:DOTUSD
by aukec99