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Looking for downside :)IMO the most likely path is the one highlighted in red. But something I've noticed is that there has been a lot of impulsive buying recently which has led to those big green candles. I personally dont have any position in this rn, so i want it to go down because I wanna go long on this. Although there is plenty of impulsive buying (and the market seems to be in a bear market rally) I think its best to watch it closely and be skeptical because honestly too many people talking about the bear market rally and I think these guys are gonna trap us bulls. Yeah but if this ends up closing above 200 (204-206) area then it should rally to 230 range. But im thinking itll reject 200 Also this is my first chart so lmk what u think, anything missing? Anything should be moved around? Just let me know lol thanks.
NASDAQ:NVDA
by mattbuns61
Wanting FeedbackI’m new to crypto entirely so I just picked a big name and went with it. I’m completely novice to trading in general, wondering how else you would improve from a technical analysis stand point. I feel like I have a lot going on with the chart and colors, just trying to make things stand out, but I feel like it’s cluttered. Tips here would help too! Let me have it! What I see is a stronger uptrend with some clear resistance being met at the 149 (.618 fib line) price point. It also has a descending flag going for it, and the pattern has repeated itself a few times. I would expect it to break through and hangout around the 150 area. I think 161 will be the next major resistance if it continues up.
COINBASE:LTCUSDLong
by Wentle
CHOLAFIN Long trade for Swing.The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side. But watching the buyers buying on dips and being active on the lower trendline and RSI is also around 51 showing strength in the stock to move higher. Hence my view says to buy around CMP with a target of almost 8-10%.
NSE:CHOLAFINLong
by dhirengandhi16
ETH to $1025 at leastETH looks like its forming a Head and Shoulders pattern with the left shoulder and head mostly completed. I am expecting the right shoulder to complete its formation around the 0.5 mark ($1025) which just happens to be where the moving average also lies and has acted as support in the past. This setup is freakishly similar to that of the bull run in 2017/2018 where the right shoulder also completed its formation at the 0.5 level ($733-ish) and touched the moving average. This is my first idea! Please leave some constructive criticism :)
COINBASE:ETHUSDShort
by CryptoCrazed27
11
First time publishing an idea so don't murder me please.Currently looking to short but ultimately looking for a long opportunity when we come down some. -- Couldn't quite make $9,000 but overall $8,900 is not far off. BTC has had great movement since Dec.17th with tomorrow being a month since $6,500 which is roughly 36%. I have seen some conversations on here that around Chinese New Year (Jan.25th) in the past years of BTC life span being the cause for downward movement anywhere between 15-50% so if that is true it coincides with this idea. Since the end of June 2019 BTC has obviously been in a down trend but since we broke that trend line on Jan. 14th two days ago I believe that resistance will turn and act as support on our way down as BTC figures out a Fib level for support. The 200MA on the 1 day time frame looks like its going to act as resistance passing through the projected path I've drawn out for an idea until a possible retest of the uptrend sitting around the price of $7,650 and would be about a 15% downward movement at the 0.618 Fib retracement if we go that low. A third touch at that level would also bring more confidence in that trend as support and continue this bullish movement which would take us through the 200MA finally sending us to $10,400 which would be another 36% roughly from $7,650. --- considering we just moved that much in the past 30 days another 30 days from now would bring us around Feb. 15th. From the resistance at 10,400 we would come down for a small correction and go sideways for a bit to consolidate and get closer to the Bitcoin halving in May. I think at that time due to bitcoin going from 6,500 to around 10,000 the date of the halving coming up will just cause FOMO and drive us up to retest 13,800 then maybe reach the ATH at 19,700 at the end of 2020. The bars pattern in light blue was taken from the dates December 23rd to January 15th for the projected path if you wanted to know. {{{{ If you made it all the way through thanks for taking the time to read the idea! }}}}
BITSTAMP:BTCUSDLong
by musick1911
1