Get started

Cryptotrading

THETA-USDT(Descending Channel Formation)Theta aims to decentralize video streaming, data delivery and edge computing ecosystem and is on a mission to make contemporary video streaming more efficient, cost-effective by means of an inclusive monetization model whereby viewers receive better quality streaming service, content creators enhance their earnings and video platforms save money on building infrastructure and get a chance to increase advertising and subscription revenues. Being a blockchain, Theta allows Dapp developers to build their projects on top of its blockchain. At the time of writing, the Current Market Price of Theta coin is $6.96. Theta has witnessed a 24 Hr volume of $473.6 Mn and 61.5% of the total circulating supply is staked on the network. These stats encourage the investors that the nodes believe in the growth of the network and builds trust among the investors. On the Daily Time Frame, Theta has been trading in a downward trending channel whereby on June 14, 2021, Theta gave a False Breakout from the channel, it faced resistance at the level of $9.7 and is back in the channel at the time of writing. The immediate resistance to the higher side is present at $7.85 followed by the level of $9.65. If Theta gives a daily close above the level of $9.65, it may move higher to the level of $12.2. The support to the lower side is present at $5.81 followed by $4.69 respectively. Theta being corrected to 0.786 Retracement level from its All-Time-High presents an Investment opportunity if it comes down to the support levels.
Long
by TradeDog-Research
Weekly Analysis of BTC-USD(22nd June)Bears continue to dominate the crypto markets as almost all the major crypto assets fell by more than 7% in the last week. BTC formed a weekly bearish candlestick pattern with ~ 9% decline, also, BTC witnessed is its 6th consecutive week of institutional outflows. However, it is still holding the $30-$31K support zone and at the time of writing, BTC is trading slightly above $32.5K. BTC also witnessed a ‘Death Cross” on the Daily TF and when this happens in the last bull rally of 2018, BTC further dipped more than 25%. On the downside, the nearest support zone is placed at $30K-$31K, if it decisively closes above the $30K, a further downswing rally is most likely to continue till the next support at $28K, followed by the next significant support at $25K. On the positive side, BTC is still holding its $30K support for the last 4 weeks, and also, it is making higher highs from the last three times. The immediate hurdle is present at $33.5K, once it breaks this level, the net potential resistance is at $36K, followed by the next level at $38.5K. Weekly MACD is also entering into negative territory whereas Daily MACD is also giving a bearish crossover, both indicating bearish sentiments to prevail in the coming sessions. However, the breakdown below $30K will act as a confirmation for the further bearish movement.
COINBASE:BTCUSD
by TradeDog-Research
LUNA-USDT(Long Term Analysis)LUNA is the reserve currency of the Terra platform. The Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, Luna holds key importance in the Terra ecosystem. As of December 2020, the Terra network has transacted an estimated $299 billion for over 2 million users. This is a major milestone being achieved by the Terra blockchain achieved in a short span of time. On a year-to-date basis, it has yielded magnificent returns of ~32x which validates the stats about the wide-scale adoption by the payment network. On the Daily Time Frame, LUNA after marking its All-Time-High of $22.4 as of March 21, 2021, has been retracing and is currently placed at 0.786 retracement level. Currently, LUNA is trading in an Ascending Triangle, the resistance is placed at $7.6 while the support has been trending higher and is currently placed at $5.5. At the current levels, LUNA is placed near its 20 EMA. As LUNA has been consolidating in a narrow range since May 23, 2021, the breakout from the Ascending Triangle may fuel the prices higher. The immediate resistance is placed at $7.6, a breakout from the level may witness the prices moving towards the levels of $9 followed by $12 (resistance level of the trendline). The support to the lower side is present at $5.5 followed by $4.25. With the crypto ecosystem gaining back its lost momentum with El Salvador adopting Bitcoin as its Legal currency, it seems that the correction in the markets might halt and the markets may again start to move towards its new highs. Thus, Luna being fundamentally a good project might initiate its impulsive move fueled by the overall market sentiments.
Long
by TradeDog-Research
Weekly Analysis of BTC-USDBTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K. Bitcoin after dropping by ~50% from its All-Time High has found its support in the range $34K- $30K, this range earlier also acted as a strong support base during its journey to ATH. The nearest support is now placed at $36.9K, the next support is presented by its 50-WEMA which is placed at $33.9K. On the higher side, the immediate hurdle is placed at $41K, once we get decisive closing above this level, the next significant level to watch out for is present at $43K, followed by $48K. On the Daily Time Frame, Bitcoin for the past 26 days has been consolidating in a narrow range of $34K- $40K. On June 14, BTC gave a close above $40K and is currently sustaining above that level, which depicts that buying momentum can continue in the coming sessions.
COINBASE:BTCUSD
by TradeDog-Research
$BTCUSD POSSIBLE TARGETSHello, $BTC is currently trading around $36600 range and is a consolidation phase. Lots of backorders must have been placed in this range for both the sides. - If symmetrical Triangle breaks to the upside with strong volume behind it, then we may find three targets around $42000, $47000, and $54000 - If it break downward, then there is not much support on the down side. It may face support at $30000, but once it breaks that level then we may see targets around $20000 and $16000
BITSTAMP:BTCUSD
by Mahesh_Kadam
BTCUSD expected to challenge the 30K LevelBTCUSD has started its downtrend from 60Ks from the first week of May, driven by various factors including tweets, crypto ban speculations, crypto mining energy concerns etc. There is a strong bearish momentum and the price is trading below the current moving average. MACD also supports the downward momentum. This sell off is forecasted to accelerate till 30,000 level which is a psychological level as well as the level from which the crypto currency took a bullish route in past three to four occasions. There is a good chance of bitcoin if it tests the 30,000 Level and bounces back, as it had done in the past and incase if there is a bounce back, 40,000 level, which is the next psychological range, is on the cards. However, since the selling momentum is never like before, as evident from the volume, If BTC moves breaks 30,000 support and moves below 27500 level, it move further towards 24,500-25000 range. NOTE: This is only for educational purposes and do not constitute specific financial, trading or investment advice. Do not trade/Invest based on this author's analysis which is done for educational purpose. Investment/Trading in the market is subjected to market risk, Please consult financial advisor before trading or investing.
BITSTAMP:BTCUSDShort
by VasanthJB