Dogecoin has formed bullish cypher | Dogecoin price analysis
Priceline of Dogecoin / US Dollar cryptocurrency has formed a bullish cypher and entered in potential reversal zone. Prcie action is hitting at support of bollinger bands. Priceline has also strong support of 200 simple moving average. Volume profile showing less interest of cryptocurrency trading. From here the price action can take bullish divergence soon insha Allah. I have defined targets using Fibonacci sequence.
Altcoin index analysis:
Atlast the priceline of Cryptocurrency Total Market Cap. Exclude Bitcoin is entered in potential reversal zone after completing a bullish shark pattern.
The stochastic is already in oversold.
Volume profile of complete pattern is showing very low interest of cryptocurrecy trading at this area.
Histogram of MACD was strong bearish now it turned weak bearish from 1st to 9th Aug on four day chart, So this blink is an indication of bull signal soon.
We have a golden cross formation between 50MA and 100MA and both moving averages are also the strong support for the price action.
Since after Dec 2018 this is the 1st time that the price action is hitting the bollinger bands support.
Since after Jun 2018 atlast 1st time the ichimoku cloud is turned strong bullish and lagging span is still above the priceline, now the candle sticks are hitting the spike at bullish cloud.
RSI upto 2 day chart is oversold
e have a strong support at: 75278567254, if the price action would be reversed from here then it can form a strong double bottom formation insha Allah.
So there are more indications that the altcoin bear market will be ending soon rather than the continuation of bearish market.
I have used Fibonacci sequence to set the long position and short position area
Bitcoin analysis:
Priceline of the worlds leading cryptocurrency Bitcoin / US Dollar is finalizing the consolidation period and all candle sticks are accumulating between 12061 to 9320 dollars.
Ichimoku cloud is turned bullish after a year since 113 days, when it was last turned bullish in May 2016 then it was remained bullish for atleast 2.5 years and finally in Nov 2018 it went bearish .
Chop zone is also strong bullish since last 5 months, when it was last turned bullish in Oct 2015 then after almost 2.2 years it turned back to bearish .
Stochastic RSI is oversold and likely to give bull cross soon.
50MA is moving up to form a golden cross with 100MA soon and both moving averages are below the price action.
Lagging span of ichimoku cloud is above the priceline and moving up.
The price line on this week chart has formed a 1st bull flag and in case of breakout the next stop will be 16300 to 17200 but in case of breakdown the price action can hit the 100MA support which is around at 7500 dollars.
But more indications are bullish rather than bearish so I think the bitcoin has almost finalized to move up soon.
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Link for best crypto trading exchange:
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Link for best crypto trading exchange Binance:
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https://www.youtube.com/watch?v=xd-dKy2k42o
In this video I have described the trading signals for ONT and XEM or NEM.
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Chart description:
As in my previous chart of Bitcoin / US Dollar I said that if the price action will break down the PRZ area then it will form bullish butterfly on 4 day chart and now the price action has broken down the PRZ and entered in PRZ area of 4 day chart.
Now this PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
This time we have 200 simple moving average support within potential reversal zone and 100 SMA support below the potential reversal zone and incase of golden cross between the two moving averages a powerful bullish divergence can be triggered.
Volume profile is showing less interest of traders at PRZ area, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then take the long position.
I have used Fibonacci sequence to set the targets.
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https://www.youtube.com/watch?v=irR2o9hfKLc
Priceline of XLM / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone and ready to hit the sell targets soon insha Allah.
But the volume profile is still showing the traders interest below the PRZ area even the POC of volume profile is also below the potential reversal zone, therefore I would suggest for secure trade we can wait for stochastic to give bull cross and for the MACD to turn weak bearish from strong bearish atleast upto 2 week chart and also use the potential reversal zone as stop loss (In case the candle stick will be completely closed below the potential reversal zone).
I have used Fibonacci sequence to set the targets.
Link of my previous xlm video:
https://youtu.be/xoypsQvgJpg
Link of my previous xlmusd tradingview charts:
https://www.tradingview.com/chart/XLMUSD/6Em0ethr-XLMUSD-completing-shark-pattern-Upto-115-percent-profit/
https://www.tradingview.com/chart/XLMUSD/P1KMv1cp-XLMUSD-has-formed-bullish-CRAB-pattern-and-entered-in-PRZ-area/
Link of XLMUSD current chart:
https://www.tradingview.com/chart/XLMUSD/TumdqYkc-XLMUSD-has-formed-a-bullish-BAT-Upto-596-possibility/
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https://www.youtube.com/watch?v=QOMjLtWIBrY
Priceline of Cardano / Bitcoin cryptocurrency has formed a bullish BAT and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
We have 50 simple moving average and 100 SMA supports within this PRZ area and both Moving averages are expected to form a golden cross soon.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets, and this time I have defined buying zone from 0.618 to 0.886 of X to A Fibonacci projection
Tradingview link for my charts:
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https://www.youtube.com/watch?v=2w6FUNg3Nv8
Priceline of Pundi X (NPXS) / US DOLLAR has formed a shark pattern and entered in potential reversal zone.
From here here the price action can take bullish divergence at any time insha Allah.
Price action is getting bounced from the bollinger bads support
RSI is already oversolad.
Volume profile showing less interest of traders withing PRZ area.
I have used Fibonacci sequence to set the targets plz find in video.
Link of NPXSUSD chart of tradingview:
https://www.tradingview.com/chart/NPXSUSD/Hkmoo1os-NPXSUSD-has-formed-a-shark-pattern-Upto-242-expected/
Youtube channel for signals and trading educational videos:
https://www.youtube.com/moon333
Facebook page for signals and trading educational videos:
https://m.facebook.com/Moontriple3
Telegram signals:
https://t.me/moontripple3
Link for best crypto trading exchange:
https://www.binance.com/?ref=11256882
...
https://www.youtube.com/watch?v=DYJZXRxsuew