💡Don't miss the great buy opportunity in TRXUSD @justinsuntroMidterm forecast:
0.09630 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.09630 is broken.
Technical analysis:
While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.16950 on 05 /07/2021, so more losses to support(s) 0.11700, 0.10025 and minimum to Major Support (0.09630) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 49.
Take Profits:
0.14850
0.16950
0.17900
0.21600
0.29500
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USDT-D
💡Don't miss the great buy opportunity in TRXUSD @justinsuntroMidterm forecast:
0.09630 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.09630 is broken.
Technical analysis:
While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.16950 on 05/07/2021, so more losses to support(s) 0.11700, 0.10025 and minimum to Major Support (0.09630) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.
Take Profits:
0.14860
0.16950
0.17900
0.21600
0.29500
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💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (67795).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. YFIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 77342
TP2= @ 82812
TP3= @ 88058
TP4= @ 95008
TP5= @ 100000
SL= Break below S2
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💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (67795).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. YFIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 77342
TP2= @ 82812
TP3= @ 88058
TP4= @ 95008
TP5= @ 100000
SL= Break below S2
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💡 Don't miss the great buy opportunity in HTUSD @HuobiGlobal
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (30.19).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75
Take Profits:
TP1= @ 33.97
TP2= @ 38.19
TP3= @ 42.24
TP4= @ 44.90
TP5= @ 47.35
SL= Break below S2
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💡Don't miss the great buy opportunity in QTUMUSD @qtum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.38).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QTUMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 26.45
TP2= @ 28.51
TP3= @ 30.28
TP4= @ 32.73
TP5= @ 35.58
TP6= @40.00
SL= Break below S2
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📚 Learn More 💰 Earn More with us: FLAG pattern
📚 LEARN MORE
💰 EARN MORE
FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (505.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 557.48
TP2= @ 585.32
TP3= @ 613.19
TP4= @ 671.41
TP5= @ 717.24
TP6= @ 763.13
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (523.12).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 585.32
TP2= @ 613.19
TP3= @ 671.41
TP4= @ 717.24
TP5= @ 763.13
SL= Break below S2
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💡Don't miss the great buy opportunity in EOSUSDT @block_one_Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (5.5830).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 6.4040
TP2= @ 7.1100
TP3= @ 7.5300
TP4= @ 8.6200
TP5= @ 10
SL= Break below S2
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💡Don't miss the great buy opportunity in DOTUSDT @PolkadotTrading suggestion:
There is a possibility of temporary retracement to the suggested support line (40.5750).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DOTUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 46.7900
TP2= @ 51.0800
TP3= @ 55.0000
TP4= @ 60.0000
TP5= @ 65.7300
SL= Break below S2
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💡Don't miss the great buy opportunity in ADAUSDT @CardanoTrading suggestion:
There is a possibility of temporary retracement to the suggested support line (1.0620).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 1.2485
TP2= @ 1.3400
TP3= @ 1.4600
TP4= @ 1.6770
TP5= @ 1.8350
SL= Break below S2
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Ethereum on one day chart.ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern.
Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add some more quantity. Trade safe.
💡Don't miss the great buy opportunity in VETUSDT Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0850).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VETUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.50.
Take Profits:
TP1= @ 0.0970
TP2= @ 0.1000
TP3= @ 0.1070
TP4= @ 0.1150
TP5= @ 0.1250
SL= Break below S2
Performance
It was a trading opportunity in the previous idea published on 4th of March 2021.
Buy orders opened on 05 March 2021, and we reached all the targets;
TP1= @ 0.0520 on 05 March 2021
TP2= @ 0.0572 on 07 March 2021
TP3= @ 0.0600 on 08 March 2021
TP4= @ 0.0633 on 08 March 2021
TP5= @ 0.0710 on 12 March 2021
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ForecastCity English Support Team ❤️