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Cryptotrading

CARDANO PRICE ACTION ANALYSISCardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD. Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support. If the supply zone breaks, the target would be XABCD bearish crab pattern's 1.618 fib extension i.e., 3.38. Put stop loss level at 2.47. Happy trading :) This is just for educational purposes.
Long
by Sanjan91
Weekly BTC-USD(30th August)After five weeks of consecutive gains, Bitcoin is facing a bit of a hurdle from the psychological level of $50K. BTC formed a Bearish Doji kind of a candlestick pattern in the last week and dipped minutely by ~1% to close the week at $48,802. BTC has had a volatile last week due to the August monthly expiry in which $2+ Bn F&O contracts expired. At the time of writing, BTC is trading around $47,500. From the past 5-6 weeks, BTC has been trading in a Rising Wedge formation with higher and lower bands placed at $53K and $47.5K respectively. Currently, bulls are trying to hold above this level but if it breaks $47.5K decisively, more profit booking can be expected in the coming days. From the last 5-6 days, BTC has been trading in a range of $47K to $50K. Once we get a decisive breakout from this range, further buying or selling pressure can be expected. Key Levels to watch out for:- The immediate resistance which is present at $50K will be crucial for the move ahead. Once we get a weekly closing above this level, the next potential target is placed at $52.5K followed by $55K. On the lower side, the nearest support is present at $47K followed by $45.5K.
COINBASE:BTCUSD
by TradeDog-Research
CHR(chromia Inverted Head an shoulders)CHR on 1 day TF has formed a Inverted Head and shoulder with multiple shoulders giving a higher probability of a big bullish momentum. Target 1 is given and we will keep target 2 open as experts believe CHR can fetch up to 140% in short term. Buy only after neckline breakout. RSI is also above 60 and MACD has given a crossover(weak crossover, but still there is a crossover ). Taking these 3 indications its safe to buy the crypto after breakout.
Long
by neerajmali25
COTI_USDT(Descending Channel Breakout)COTI has appreciated by more than 250% from its July low levels of $0.089. It gave a breakout after a week of consolidation between the range of $0.20-$0.24 and is currently sustaining above $0.30 from the last 3-4 days. This bullish rally can be attributed to the fact that COTI has been working on multiple products on the Cardano ecosystem and as the date of Alonso Hard fork is coming closer, both ADA and COTI should be benefitted from this. On the Daily TF, COTI has been trading in a Descending Channel formation with the upper and middle bands present at $0.325 and $0.14. In addition, it is poised to make a Golden Crossover in the coming sessions, indicating that bullish momentum is most likely to continue. Also, the Weekly MACD is also indicating a bullish crossover in the next couple of days which also backs our positive outlook on COTI. On the higher side, the immediate resistance is placed at $0.332, once we get a decisive closing above this level, it will be a channel breakout for the first target of $0.42 followed by the next target of $0.50. On the lower side, the supports are present at $0.28 followed by $0.24.
Long
by TradeDog-Research