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2019-03-19

Ethereum Trade Idea



Ethereum has been trading inside a channel in the last two weeks. With $140 upper resistance  line and $130 support line. Also, it is trading above the moving averages which is quite positive.

Our trading idea based on a breakout above the resistance line. If the price penetrates the $140 level and closes above it , it will give us a trading opportunity to open long postion with the first target around $167.

 However, Ethereum will find strong support at $130 level  since the 50 day EMA is at the same level and just below it you will find the 100 day SMA, therefore any dips to this level will be bought by the bulls.





2018-09-14

Exit Strategy help us Protect Our Captial


There is a common saying “let your profit run and cut your loss short”. Any successful trader should consider using Stop Loss on his trades. This is leads us to a large concept of Exit Strategy.

Your exit not your entry is what determines whether your trades are successful or not. If you enter a position correctly and your exit is bad, your deal will look bad. Conversely, Good exits can make bad entry look good. This demands to know some about technical analysis.



Let’s take an example to demonstrate this:




This is a chart of HT/USD (Huobi token), and it formed a well-known Head and Shoulders Reversal Pattern. Let’s see how we could Exit with the least damage once we recognize this Pattern.

Anyone who has some knowledge of technical analysis knows that when price drop below neckline in this pattern (as shown on the chart) it means that to get out immediately even if you are in red. So we can place our exit point just below the neckline. The big question now Why to exit quickly when it drop below neckline?


Because this pattern has a price objective, in other words, we can determine how much the token will go down once it breaks down the neckline. In our example above, the price of HT was around $4 when it broke down the neckline, to predict how much HT will go down we can do this ( Take the vertical distance from the head (point A) to the neckline, then calculate the difference) in our example the difference would be $2 because the point A was around $6 and neckline was $4. Now, to know the price objective you just need to minus $2 from the price of the neckine ( $4 - $2 = $2), so the first support is around $2. Supersingly,  the price of HT now is $1.65 but remember we exited when the price was $4. Our exit was super excellent. 

If you just kept your tokens without exit till now, it would end you up with huge loss.


As a trader you should accept a loss as a part of the game, even the best traders lose but most importantly how large your loss is.You must avoid such catastrophic losses by all means and you can achieve this by applying Exit Strategy.


Stop loss save your capital and gives you an opportunity to jump in a new trade. Markets are always full of opportunities but you need to protect your money from disappearing to take advantage of them.  




2018-05-25

Ethereum Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

After a sharp decline, Ethereum has broken down both the 20-day EMA and the 50-day SMA, this is a bearish sign. However, it found support from the trend line 1. If this trend is broken the decline may extend to $464 level, it's 78.6 percent Fibonacci retracement.

On the way up, Ethereum will face resistance from the 50-day SMA and then from the 20-day EMA. We anticipate selling pressure on the area between these moving averages. So, you can trade Ethereum by buying on trendline and selling on moving averages.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.









2018-05-11

Ethereum Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum has broken down the uptrend today, however, it found support from the 200-day SMA. If Ethereum finds it difficult to come back again above the uptrend, it may sink to test the $614 level, below it the 50-day SMA will be the next support level.

On the upside, Ethereum should break out both the 20-day EMA and the trendline for the first target at $765, if Etherum succeeds to go above this target a move to $830 is possible which is the 6 MAY high.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.



Where to Buy TRX

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.


After hitting $0.10 level as expected in the last analysis, TRX has failed to penetrate this level so it bounced back. Moreover, it wasn't able to break out the small downtrend ( the black one on the chart) in the last four days.

However,  TRX is still trading on the uptrend ( the red one on the chart). It should provide support, but if the bears break it down a fall to $0.0566 level is possible where we anticipate strong buying. Since this is the 61.8 percent Fibonacci retracement from the last fall from $0.10  to $.0282 and where the 50-day SMA is located now.

TRX will turn negative if it breaks down $0.0566 level. On the upside, we expect some minor resistance from the downtrend. Therefore, we recommend buying TRX on a breakout of this trend.

On the downside, we recommend buying TRX at $0.0566 level.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-05-04

BTC is Bullish

 We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

BTC has bounced back today from the $9750 level. It's still trading under the 200-day SMA which shows strong resistance.The bulls will again try to break into the 200-day SMA, which will be another bullish sign. If that happens we expect a rally to trendline 2 shown in the chart.


If any correction happens, BTC will find support from the small trendline shown in red, and from the 20-day EMA. However, if the supports break down a fall to the 50-day SMA is expected. We also think that any dips will be bought by the bulls.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-04-28

Ripple Entry Point

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ripple is stuck between $0.87 as a resistance level and the 200-day SMA as a strong support level in the last few days. If the bulls can clear the $0.87 hurdle we expect a move to $1.13 level (It's 23.6 percent Fibonacci retracements from the fall from $3.30 to $0.466) with some resistance at $0.933 level.

Moreover, the moving averages offer great support for Ripple starting from 200-day SMA  to  50-day SMA, as a result, we suggest buying any dips to these averages ( 200-day SMA now at $ 0.77, 20-day EMA now at $0.74).

Traders can also open long on a break out above $0.933 level. Ripple can only turn negative when it breaks down the 50-day SMA.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.