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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
Weekly Analysis of BTC-USD(16th August)Bitcoin continued its bullish saga for 4th straight week as it has now rebounded more than 41% from its July lows. BTC formed a strong bullish candle and appreciated by more than 7% in the past week alone. Weekly MACD is also depicting a bullish scenario as it is entering into positive territory. At the time of writing, BTC is trading around $47K. The positive trend is still intact and there is now signs of weakness as of now. BTC has already given a trendline breakout and is currently sustaining above that range. Also, BTC has already given a Golden Crossover on the Daily TF, which depicts that buying momentum is most likely to continue in the coming sessions. On the higher side, the immediate hurdle is present at $48K as it has tried to breach this level thrice but hasn’t been able to do so, however, if it decisively breaks this resistance, the next potential target is present at $49.5K, followed by the next level of $51K. On the lower side, the nearest support is present at $46.5K, if it breaks down below this level, the next support is present at $45.5K followed by $44K. Currently, as all the indicators depict a positive stance, any decline or retracement should be considered a buying opportunity.
COINBASE:BTCUSDLong
by TradeDog-Research
2
USHAMART | Triple bottom | Breakout | Long termThe stock reflects the classic triple bottom pattern which I initially began tracing as cup and handles only to notice later that these multiple back to back cups are actually a triple bottom pattern. Classic price target {The breakout level + height } has been successfully achieved. The strong back to back bullish candles with huge volumes and a aggressive MACD supports the long term trend which also confirmed by the 2.5 year resistance level breakout.
NSE:USHAMARTLong
by amCyberPunk
Bitcoin 4H Timeframe (MACD & RSI Reset + TD Sequential)Here is what I mean by a "MACD Reset"... This is BTCUSD (Bitcoin) on the 4H timeframe. We can clearly see higher highs and higher lows. We also have a bullish cross and the histogram going green. That's for the MACD. The RSI went through similar action printing a higher low and also breaking the downtrend line... It remains above 50 which is good for the bulls: As for the main chart, we are having 'strong consolidation', prices trading above EMA10, low volume as a continuation signal, and room left available for growth according to the TD Sequential. There is also strong support just below the current price marked by EMA50 and the Ichimoku Cloud in the case prices drop. The next targets are mentioned in my previous articles. Namaste.
BITSTAMP:BTCUSD
by AlanSantana