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Upwardtrend

REEF/USDT Update: Moving within rising channelIntro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - REEF continuous its recovery and trades within a rising wedge drawn using purple lines. - The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets. - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume. - Currently we sit above the new support around 0.22 Expectations: - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2
ALGOUSDT: Higher Highs and Higher LowsALGO has been caught in a range for a while now. Looking at the chart we can clearly see an aggressive reply by the Bulls, defending the 0.9$ price point and pushing the price to the 61.8% Fib level. On the 1D chart, as far as technicals go: - The RSI is sitting closer to 50 (NEUTRAL/HOLD). - While the MACD has yet to cross above the Signal line. That being said, the Histogram has indicated a decrease in Bearish Momentum. - MAs remain in favour of the upwards trend. What to look out for: - The EMA9 crossing above the MA50 might signal a move towards the 1.45-1.50$ resistance (Blue Impulse). - While the opposite might see us retesting the 1.08-1.19$ range, which might ignite a V-shaped recovery in the short-term (Red Bounce).
Long
by GondolaCharts
NIO- Partnership with NVIDIA and QualcommShort-term catalysts may be in the play for NIO. On January 9, NIO unveiled its long-awaited first sedan, the NIO ET7 which uses Nvidia's DRIVE Orin system-on-a-chip and Qualcomm's chips for 5G capability. Together, NIO and NVIDIA aim to accelerate the development of autonomous driving on smart vehicles. According to CNEVPOST, on Saturday, Qualcomm said that it would work with NIO to bring the latest next-generation digital cockpit technology to the ET7, which would use the third-generation Qualcomm Snapdragon Automotive Digital Cockpit Platform and the Qualcomm Snapdragon Automotive 5G Platform. Follow me and smash that like button DYOR, not the investment advice.
NYSE:NIOLong
by Libratus
1
YFI's Grand up-trend to continue? or are bubbles popping?YFI , Yearn Finance's governance token, saw a meteoric rise to $40k+ in August. This unheard of rise left many people scratching their heads in disbelief (and no doubt deeply regretting not picking up the token for $3-4k when it was fresh off the presses). I'm sure most of us expected a massive drop or an exit scam, but here we sit, weeks later; and YFIUSDT is still almost three times the price of BTCUSDT. So what does the future hold for YFI? --- At the moment on the 4H charts it's trading in a downward triangle . This pattern can go either way, as we've seen in the past with YFI the previous breakout followed a downward channel. It's good to buy the breakout in situations like this. If we pull out a little further, we can see what seems to be an upward channel that stretches back to the intial listing of YFIUSDT on Binance until the present time.Now would seem to be the very bottom of the overall trend channel. Interesting to note, the previous breakout happened immediately following YFI dropping below it's MA 100 and recovering, showing this may be a strong trend line. At the moment, YFI is trading below it's MA 100 by a significant margin for the first time ever really. Historically, we would normally take this as a strong sign a reversal is imminent. But we don't have much history to really pull from here so I'm going to need good confirmation of a breakout. Plus the market is looking like a dogs breakfast right now across the board. BUYING IN? I feel like I wanted to find a reason not to buy in to YFI, and while the RSI and MACD are by no means promising, they weren't really on the last reversal either. Meanwhile, the clear historical upward channel, and the first major drop below MA 100, leads me to be skeptical of my skepticism. I'd wait to see a reversal out of the downward triangle, back towards MA 100 level around $30k to make a definitive move. Potential upwards from MA 100 to previous ATH is 40%. If the historical upwards channel continues it could be closer to 50% gains. Potential to break down 30% from where it's at to previous resistance. Even more if the DeFi bubble decides to burst, putting a decided end to the upwards channel. WAIT FOR THE BREAK!! I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
by cryptosince1963