Cryptocurrency
is this GMT short opportunitythe price is respecting the resistance every level
would it be the case this time also will we see again rejection in this and short in price from the rejection
i am entering with small amount since the market in fear right now short may be profitable for few days
lets wait and watch
happy trading
Intraday short trade opportunity in ETHETH is in the correction phase. on a 15 min. timeframe, it has broken down below strong support with good volumes.
The price has retraced back to the support turned resistance and the candles have formed stalled candlestick pattern with falling volumes.
This is a perfect setup for short trade with tight stop loss.
How to enter a trade?
Wait for a falling candle with above-average volumes.
Stoploss above the resistance line/ above breakdown candle.
Target - open
Not a recommendation. This is just an observation on the chart. do your own due diligence.
Shiba Inu good for a short trade - Intradaycryptocurrencies are in the correction phase for the last few trading sessions on a daily timeframe.
Shiba Inu has fallen with good volumes. The volume trend suggests that the selling pressure is high.
The price is trading below 20ema. RSI is weak. MACD on 15min. the timeframe is in negative territory and on 5min. the timeframe has crossed below the Signal line.
SL- Slightly above 20ema
Target, nearest swing low.
Risk reward is attractive at around 3.
Bitcoin forming evening star.Bitcoin on a weekly analysis is forming an evening star chart pattern and is taking support. It is trading below its 20 ema and 0.382 fib levels.
On daily time frame, it has closed below is 20 and 200 ema and seems little bearish for short time fame as 4 hour time fame has given a moving average cross over.
It can retest its 20 ema on 4 hour time fame and fall further.
Support :- 42100,41380. 39790
Resistance :- 43010,44550, 45600
Supports may be breached once the price trade below the levels and sustain.
Bitcoin has streched and can come futher down to test the levels
Wait for the price action near the levels before trading,
JASMY may boom once againCOIN NAME: JASMY
PAIR-USDT
EXCHANGE : ANY
STRENGTH:
It is At Demand Zone
Strong Fundamentals
Good Mark Cap
Buy: 0.0240 to 0.0260
T1- 0.0352
T2- 0.0450
T3- 0.0545
T4- 0.0636
SL - 0.0230 or HOLD
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. Keep SL if you don't want to hold but not required for the Spot trading if you want to buy in Dips.
Note: I'm not a financial advisor. This analysis is for an Idea and my view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
If you like my analysis please encourage me with your likes and comments, Do you need any coin analysis then message me, and I will do it for you.
what just happened in market btc broke the main support now we will have to see a bounce back from below supports where we also have our trendline support
the btc can bounce from here or else it go down to lower areas marked in red
be safe hope you had placed sl we expected such bad moment in btc but it was quick
no worries stay away from market dont open new position until we see a good volume pump in lower areas
#Crypto #Cryptotrade #Cryptosignals #Cryptotrading #SOLANASOLANA
On daily Chart, Rounding bottom formation with descending triangle BO
& Also Resistance level BO and now retracing
With all these seems to bet on Uptrend
If 120 levels sustain then buy for targets of 135-150 in short term
Chance are thr it may further will correct upto 100-110 levels, good to add on that levels also
If downtrend continues then exit at 100 levels.
Also trail SL to maximize ur profit.
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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RNDR LONG !!! As the Crypto markets are turning bullish and the coins are available at a discounted price, it is a great opportunity to buy.
RNDR is at a good Support level.
Buy according to the levels given in the charts.
Always Place Stoploss.
Trial the Stoploss when a new higher low is formed.
let your profits be on Stonks !! :)
BNB forming rising wedge on 15 minutes. Maybe not / But what if?We can see an inconsistent rising wedge pattern but well patterns are never perfect because of BTC's correlation with every other currency.
I'll see how this would play out.
Stop loss or great Shorting opportunity if it fails the bottom support.