Forwarded from CoinCodeCap Analysis (TA&FA) 🔐
$ENS
Trade setup: Remains in an Uptrend, this asset has shown strength to the rest of the market in correction. It's trading in a Channel Up pattern. Swing Traders: could trade the channel - enter near the Channel support trendline (~$22), with +50% upside potential back to $34 Channel resistance trendline. Stop Loss at $17.80.
Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $18.60, then $10.40. Nearest Resistance Zone is $30.00, then $40.00.
C3 ADMIN B
Trade setup: Remains in an Uptrend, this asset has shown strength to the rest of the market in correction. It's trading in a Channel Up pattern. Swing Traders: could trade the channel - enter near the Channel support trendline (~$22), with +50% upside potential back to $34 Channel resistance trendline. Stop Loss at $17.80.
Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $18.60, then $10.40. Nearest Resistance Zone is $30.00, then $40.00.
C3 ADMIN B
📖#Learning #CCCTradingLesson
🎓#Daily #cryptoeducation 📚
•Utilize Candlestick Patterns: Recognize patterns like doji, hammer, and engulfing for potential reversals.
🎓#Daily #cryptoeducation 📚
•Utilize Candlestick Patterns: Recognize patterns like doji, hammer, and engulfing for potential reversals.
Forwarded from CoinCodeCap Analysis (TA&FA) 🔐
News for this week (22.07.24 - 26.07.24)
Monday (today)
No updates
Tuesday
No updates
Wednesday
🇪🇺 EUR - French Flash Manufacturing PMI
🇪🇺 EUR - French Flash Services PMI
🇪🇺 EUR - German Flash Services PMI
🇪🇺 EUR - German Flash Manufacturing PMI
🇬🇧 GBP - Flash Services PMI
🇬🇧 GBP - Flash Manufacturing PMI
🇺🇸 USD - Flash Services PMI
🇺🇸 USD - Flash Manufacturing PMI
Thursday
🇺🇸 USD - Unemployment Claims
🇺🇸 USD - Advance GDP q/q
Friday
🇺🇸 USD - Core PCE Price Index m/m
Monday & Tuesday has no updates, low and irregular volatility will trigger these days. Other days filled with significant volatility. 'Should be an interesting week from Wednesday onwards until Friday.
C3 ADMIN B
Monday (today)
No updates
Tuesday
No updates
Wednesday
🇪🇺 EUR - French Flash Manufacturing PMI
🇪🇺 EUR - French Flash Services PMI
🇪🇺 EUR - German Flash Services PMI
🇪🇺 EUR - German Flash Manufacturing PMI
🇬🇧 GBP - Flash Services PMI
🇬🇧 GBP - Flash Manufacturing PMI
🇺🇸 USD - Flash Services PMI
🇺🇸 USD - Flash Manufacturing PMI
Thursday
🇺🇸 USD - Unemployment Claims
🇺🇸 USD - Advance GDP q/q
Friday
🇺🇸 USD - Core PCE Price Index m/m
Monday & Tuesday has no updates, low and irregular volatility will trigger these days. Other days filled with significant volatility. 'Should be an interesting week from Wednesday onwards until Friday.
C3 ADMIN B
Forwarded from CoinCodeCap Analysis (TA&FA) 🔐
$HNT
Trade setup: Following a bullish breakout from Channel Down pattern, price rallied +42% to our near-term target of $5.00. However, it's getting overbought (RSI ~70) as it nears resistance area of $5.50-5.70 (200-day MA). It's likely to get rejected here on some profit taking and revisit $4.00. Stop Loss at $5.80. (set a price alert).
Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more.
Trend: Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum: Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance: Nearest Support Zone is $3.00.
Nearest Resistance Zone is $5.50, then $8.00.
C3 ADMIN B
Trade setup: Following a bullish breakout from Channel Down pattern, price rallied +42% to our near-term target of $5.00. However, it's getting overbought (RSI ~70) as it nears resistance area of $5.50-5.70 (200-day MA). It's likely to get rejected here on some profit taking and revisit $4.00. Stop Loss at $5.80. (set a price alert).
Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more.
Trend: Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum: Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance: Nearest Support Zone is $3.00.
Nearest Resistance Zone is $5.50, then $8.00.
C3 ADMIN B
📖#Learning #CCCTradingLesson
🎓#Daily #cryptoeducation 📚
•Analyze Market Breadth: Assess the overall market direction by examining the number of advancing vs. declining stocks.
🎓#Daily #cryptoeducation 📚
•Analyze Market Breadth: Assess the overall market direction by examining the number of advancing vs. declining stocks.
Forwarded from CoinCodeCap Analysis (TA&FA) 🔐
$FLOKI
Trade setup: Support at $0.00013 held up and price has broken back above 200-day MA, retaining it's long-term Uptrend. Now it broke above $0.00019 to signal continuation of uptrend, with +40% upside potential to $0.00027 next. Stop Loss at $0.00017. (Set a price alert).
Pattern: Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
Trend: Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.00013, then $0.0001. Nearest Resistance Zone is $0.00019, then $0.00027.
C3 ADMIN B
Trade setup: Support at $0.00013 held up and price has broken back above 200-day MA, retaining it's long-term Uptrend. Now it broke above $0.00019 to signal continuation of uptrend, with +40% upside potential to $0.00027 next. Stop Loss at $0.00017. (Set a price alert).
Pattern: Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
Trend: Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.00013, then $0.0001. Nearest Resistance Zone is $0.00019, then $0.00027.
C3 ADMIN B
📖#Learning #CCCTradingLesson
🎓#Daily #cryptoeducation 📚
•Use Pivot Points: Calculate pivot points to identify potential support and resistance levels.
🎓#Daily #cryptoeducation 📚
•Use Pivot Points: Calculate pivot points to identify potential support and resistance levels.
Forwarded from CoinCodeCap Analysis (TA&FA) 🔐
$APE
Trade setup: Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern and above $0.80 resistance, which could signal at least a temporary bullish trend reversal. Upside potential to $1.00 for a +25% gain. Stop Loss at $0.71. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.80, then $0.66. Nearest Resistance Zone is $1.00, then $1.25.
C3 ADMIN B
Trade setup: Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern and above $0.80 resistance, which could signal at least a temporary bullish trend reversal. Upside potential to $1.00 for a +25% gain. Stop Loss at $0.71. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.80, then $0.66. Nearest Resistance Zone is $1.00, then $1.25.
C3 ADMIN B
📖#Learning #CCCTradingLesson
🎓#Daily #cryptoeducation 📚
•Understand Gaps: Learn about gap analysis and how to trade opening gaps.
🎓#Daily #cryptoeducation 📚
•Understand Gaps: Learn about gap analysis and how to trade opening gaps.
Forwarded from CoinCodeCap Analysis (TA&FA) 🔐
$TON
Trade setup: Price remains in an Uptrend, however, it had a bearish breakout from Rising Wedge pattern after it got rejected 2x around $8.30. Pullback to $6.75 support could be an attractive swing trade entry in Uptrend, with +20% upside potential back to $8.30. Stop Loss at $6.46. We also issued a bullish fundamental research report (Coin Pick) on TON recently (May 24) that suggests there's 80% upside based on comparable valuation of other L-1 and L-2 networks. (set a price alert).
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).
Trend: Short-term trend is Down, Medium-term trend is Neutral and Long-term trend is Strong Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $6.00.
Nearest Resistance Zone is $8.30, then $10.00.
C3 ADMIN B
Trade setup: Price remains in an Uptrend, however, it had a bearish breakout from Rising Wedge pattern after it got rejected 2x around $8.30. Pullback to $6.75 support could be an attractive swing trade entry in Uptrend, with +20% upside potential back to $8.30. Stop Loss at $6.46. We also issued a bullish fundamental research report (Coin Pick) on TON recently (May 24) that suggests there's 80% upside based on comparable valuation of other L-1 and L-2 networks. (set a price alert).
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).
Trend: Short-term trend is Down, Medium-term trend is Neutral and Long-term trend is Strong Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $6.00.
Nearest Resistance Zone is $8.30, then $10.00.
C3 ADMIN B