AUDUSD Short Term Sell Idea Inside A RangeH4 - Price respected the top of the range and is bouncing lower.
Multiple bearish divergences.
M15 - Bearish trend pattern.
Until the strong resistance zone holds my short term view remains bearish here.
Bearishdivergences
Beware: Bitcoin show weakness!!! The trend go to reversalAt the moment, looking in Daily timeframe, Bitcoin it's turn bearish in H12 timeframe, but if you look the smal timeframe like H4, it's turn bearish and we see an simetric triangle, but looking more in H12 timeframe, this candlestick it's a bearish signal. Right now, I will going to sell my altcoins and Bitcoin as I know htat if Bitcoin drop, Ethereum, Chainlink, Cardano, XRP, EOS, Tezos and Litecoin drop too.
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In Daily timeframe it's still bearish sentiment as MACD show higher low in the indicator, as we see in H12 timeframe too. So, I have a forecast that Bitcoin can to go back to $45,000 USD. The $45,000 USD level it's very important to support by long term, as Bitcoin continue up. This week, this movement was surprise for us as Bitcoin doesn't have success to make support above of $60,000 USD, maybe I thinking that was that Bitcoin it's overbought, and correction it's neccesary for the health asset.
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This it's the panoramic in 3 Daily timeframe
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And looking the weekly timeframe, it's look bearish, maybe in these weeks, Bitcoin show a consolidation during the past weeks. And then, I hope this movement to $45,000 USD level.
Guys, altcoins and Bitcoin may to reversal the trend, be carefull to trade.
Beware: Cardano it's overbought and bearish divergencesAt the moment, Cardano was growing up 116% from 0.80 cents approximately so near of $1.50 dollars. But, at the moment, we can to see a correction in the market and Cardano it's in formation of this bearish risign wedge, without validation, but for this bearish rising wedge it's going to be validated, we would neeed to break out the first support at $1.15 dollars and make the pull back to a true confirmation to then, once of my plan it's it below of this paragraph.
This it's the H1 timeframe and well, that mean a short position from $1.15 dollars to $0.95 cents approximately as it's said in the chart. now, we can't to keep this short position becuase this could be a good zone to bought at $0.95 cents and then, pump, for that, we would need to be cautelous. Now, if Cardano break down the second support of $0.95 cents, so we can to see a drop of $0.79 cents approximately, but that it's realizing in H1 timeframe as we know when the price it's below of the 3 EMAS 20, 50 and 200 period. But, in general, remember that Cardano it's in bullish trend for Daily timeframe and we cant to entry to short and short, in any moment, Cardano need to make a pump one of these level. Now if Cardano it's goees below of $0.79 cents, that it's a strong bearish movement and change of trend possible to dropping more. But, that it's not going to pass. becuase Cadano it's so bullish. And for that, I have this plan to short in H1 timeframe, but yes be conscient that Cardano it's bullish.
Finally, in Daily chart, we see that Cardano it's overbought that show us in the RSI and if you use MACD, you can to get both. But, Daily timeframe it's speak us that we can to see a correction of these level that I show you in h8 timeframe. For that, we going to be prepare. Remember, if you want to short Cardano below of $1.15 USD, be secure to have a bearihs candlestick in H1 timeframe, but in general, I do not trade a lot H1 timeframe when we are in the bullish trend, but yes, in correction, it's fascinant to know and be prepare to bought more cheap and apply the multitimeframe and have a plan for it.
Guys, if you found out that this idea it's so interesting in Cardano, please comment below and share this analysis with others traders.
And also, I'd reccomend my crypto broker called Simple FX if you want to trade cryptocurrency, I thinking to sell some Cardano for Chainlink in the exact conversion, and using this Chainlink that I bought for Cardano to open up a long position to bought the exact Cardano contract, for example: I thinking to sell 3,300 Cardano coins in my reseve to bought Chainlink, approximately it's around of 138 Chainlink coins, but I use this Chainlink to open up my exact position on Cardano contract of 3,300 Cardano (but contracts) using the leverage 1:1 and keep this contract to multiply my Chainlinks hot assets.
For example: imagine that I bought Cardano contracts at $1 dollar and exactly at $28 USD in the Chainlink price when I Bought 3,300 Cardano contract in this broker and I decide to sell Cardano contracts at $10 dollars. The magic it's the following, when I sell my Cardano contracts at $10 dollars, I can to earn over 1,000 Chaininks coins, and that it's amazing profit to accumulate Chainlinks just and simply using the levarage 1:1, And well, the Chainlink price it's up as your Chainlinks assets over 1,000 assets it's going to re-value more than you having, and you will multiply just keep the position in Cardano to $10 dollar or wharever, there's is not a limit target for it.
Ethereum show bearish divergence in H4 timeframe; Daily chartEthereum was into this descendent triangle and then, was broke down in the past hours and right now it's make a pull back to then, continue the drop toward these 2 levels: $520 USD and $490 USD as point to take profit.
Now, very important it's to understand the key price action in Daily chart. Because the past candlestick was complete bearish and that show an indication that bulls are weakness and bears are here defending the $600 USD as resistance strongest in 3 occasions.
In this screenshoot are the anatomy of the chart and we see that Ethereum it's into the higher zone. So, a good point it's that Etherum could reach down to the key support trend line from May 2020.
And finally, we are into the correction #4 in the elliot wave analysis and it's so nice!!!
So, in summary we see bearish divergence in H4 and Daily using the RSI and MACD, and also the price action strategy!!!
So guys, at the moment I entry in short position around of $593 USD with a SL at $613 USD and then, my targets will be $520 USD and $490 USD
Ethereum is in the Distribution Zone: Sell Ethereum!!!Hello guys, in this technical analysis Ethereum is in the possible correction of the price toward the $141 USD approximattely, that is my target profit, because if you see in Daily what Ethereum do, I believe that if Bitcoin go to drop, Ethereum can do as Bitcoin do. Now, In Daily timeframe we are to complet the Elliot Wave Analysis and we are into the distribution zone, so that investors are sell their Ethereum. So, that is mean that cryptomarket's are crash soon, because Bitcoin, the principal crypto as weak and soon are going to down below of $9,000 USD. Also, in Ethereum there are an interesting bearish divergence in the RSI, and then, it's mean a possible drop of the price. Look waht we see: We see that RSI and MACD are weakness and then, it's mean a possible drop fo the price, so guys, sell your Ethereum, because Ethereum is one of the crypto to buy more cheap at $!41 USD again, as Bitcoin make the correction, you can to benefit to put short in this cryptocurrency
Also, I add this graphics in weekly timeframe because Ethereum is into this simectric triangle and that mean an accumulation zone that we are into of there, but fistly in Daily we see a drop of the price.
That my friend is the montly timeframe and we are in the situation. Also, I believe that this crypto is one of the best proyect.
And below of the link to related ideas, I show in my analysis why Bitcoin is not prepare yet to going to bullish before you see it.
