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Tag: crypto

XZC technical analysis

September 30, 2019 Published by

XZC seen from the temporality of 1W we can see how the candle structure has formed a long descending wedge indicated in the chart above by the dark blue diagonals, we see how the price found support in the area of weekly demand located at 0.0004946 where the sail formed a hammer followed by a doji as a reversal signal, the last two sails have responded well to the signal, with the current sail struggling to close above the key level located at 0.0006102 indicated in the graph by the horizontal black color, if the candle manages to close above that level, it is very possible that we have a continuation of the current bullish momentum towards our first target which is the area of supply located at 0.0007786, we could even reach the second target located within the price range of 0.0008526 – 0.0009557, indicated on the chart by a light blue rectangle, if the price fails to close above the resistance of the key level, the odds of a correction move towards the weekly demand zone are very high.

XZC seen from the temporality of 1D we can observe more closely how the price is trying to get the level located at 0.0006102, the bullish candlestick series has held up very well after getting the break of the small pennant marked on the green triangle chart, the RSI indicator shows bullish divergence since the weekly candlestick found support, which supported the current move, However, it is still too early to clearly determine what will be the next price movement, in 1D the price has to close above the horizontal and give us a confirmation test to continue bullish, otherwise, the price could fall in search of the weekly demand zone.

In conclusion, the price at 1W, for now, continues to show us a very favorable price action to continue in search of higher profits, however, we can not be confident, we have to confirm the closing above 0.0006102 and confirmation, the bid zone is also an important level to take into account since the price could find much resistance at that point and go back; therefore, I recommend to follow very closely the price action at 1D and always use stop loss in all our operations to avoid losing capital by invalidations in the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

LAMB technical analysis

September 27, 2019 Published by

LAMB seen from the temporality of 1W we can observe as the price could form a structure of continuation bullish, the best figure represents a descending wedge in which we see as the price has formed minimums each time closer, signal of a close change of tendency, we must be attentive to the support located in the 0.00001111 indicated in the graph by a horizontal green where the price should arrive and find demand that can drive the price up, the current weekly candle is bearish, it is still early to know how it will end at closing, however, the price has not yet touched support, so we should wait for the price to drop a little more.

LAMB seen from the 1D temporality we can observe more closely the current movement of candles within the descending wedge, once reached the support, the price could follow a trajectory as I have drawn in the chart above, our profit target is located within the price range of 0.00002044 – 0.00002134, indicated in the graph by the two horizontal red color, reached that point the price could fall quickly or form an HL above the point EQ and look for the break up, otherwise the price would seek again the support with probabilities of breaking down.

In conclusion, LAMB has had a slow decline in the price within the major figure since mid-July and we are close to a reversal movement, so we should be aware of the reaction of the price in 1D as we approach the support at 0.00001111 to look for the best trading position, the price should not close below the diagonal support of the major figure, if this happens the price should fall much more, but if you get a rebound forming an HL, the chances of reaching our goal will be high, I recommend following the action of the price of this currency very closely and always trade with stop loss, the percentages of loss and gain are high, so the risk is much greater.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

ELF technical analysis

September 26, 2019 Published by

ELF seen from the temporality of 1D we can see how the price during its fall has formed a long falling wedge in which the price has currently escaped from it silently with little volume, in the breaking of resistance we see a series of low volume bear candles during a side trend, the current candle is creating a bullish candle, which should be a very good signal of a close bullish movement with more volume, the weekly candle is still young, so we could not yet confirm the future direction of the price.

ELF seen from the temporality of 1D we can observe more closely the current movement of candles, the current candle is creating a bullish candle above the resistance of the accumulation range after forming a twezeer bottom with the previous candle, to close in this way, it is very possible that the price will continue bullish towards our first target located within the price range of 0.00001224 – 0.00001339, our second target is located within the price range of 0.00001605 – 0.00001954, and the third target is located within the price range of 0.00002399 – 0.00002733.

In conclusion, ELF is showing buying signal by closing above the consolidation resistance, also the RSI indicator shows bullish divergence, if it manages to close above as it is doing now, the chances of seeing a much bigger bullish movement are very high, the profit targets I mentioned earlier are indicated in the 1D chart, I recommend to be very attentive to today’s closing and the price action in 4H, always use stop loss in your trades.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

ZRX technical analysis

September 26, 2019 Published by

ZRX seen from the 1W temporary we can see how the price is showing a big bullish push after the slow decline that was pronounced towards the support located at 0.00001473 which is marked on the graph by the black horizontal, the closing of the previous candle has been a powerful bullish candle, while the development of the current candle remains bullish, despite the sharp fall in the price of BTC, this is a good signal for this currency, should meet without problems our objective located within the price range of 0.00003857 – 0.00004275 which I have indicated on the chart above by a light blue rectangle.

ZRX seen from the temporality of 1D we can observe more closely the current structure of candles, has been impressive vertical rise that has given the price in previous days, currently could be forming an upward pattern known as flag, which according to the theory should conclude with a continuation bullish, in the graph I have indicated by means of a triangle red color the possible figure that should form, we still cannot determine it because we need that the price form us an HL to locate the exact support of the figure, inside the triangle I have drawn the possible trajectory that could follow the price during the development of the figure with minima every time higher we would have a continuation in direction to the rise.

In conclusion, ZRX “exploded” 1 week ago and I haven’t been able to locate it in time between the sea of opportunities in the markets, however, the area of supply has not yet been tested so it still has a good percentage of profits ahead, its current movement is quite good despite the blow that has given the BTC movement, we could anticipate that its movement will not be affected over the next few days, still recommend to be very attentive to the action of the price in 1D to avoid possible invalidations.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

IOTA technical analysis

September 19, 2019 Published by

IOTA seen from the temporality of 1D we can see how the structure of candles during the previous LL formed a downward parallel channel where it has finally broken it up and tested correctly to then see the current bullish impulse of the current candle which has found resistance at 0.3161, the candle is forming a doji, a bearish signal by which we must prepare for a retreat to the nearest demand level located at 0.2716, the wick has already touched that point, however, we need a candlestick approach in order to determine if the price will continue to rise beyond resistance, in the chart above I have drawn the possible trajectory that the price should follow during its advance to our first target which is located within the price range of 0.3797 – 0.4034.

IOTA seen from the temporality of 1W we can see a broader view of the current price movement, in the image above we can see how the price has formed us an HL, marked on the chart with the diagonal trend of dark blue, after two candles bullish low volume, this week the candle has “shot” powerfully, the consolidation within this range has been long throughout this year, which gives us an indicator that in a short time we could see an upward break in the resistance of the figure we see in the graph, for this to happen we would have to mark an HH and a new HL above the resistance located at 0.3161, if this happens, the alarms on a much larger next bullish move will be very high, the next profit targets are indicated within the chart, with the second target located at 0.7202 and the third target located within the price range of 0.9348 – 1.0904.

In conclusion, the IOTA price has moved very well this week, it needs to stay above 0.2716 and above the diagonal support if we want to continue seeing a next bullish candlestick, otherwise the price could fall towards the area of possible pullbacks indicated in the 1W chart, the bullish possibilities are greater than the bearish ones, as we must always be attentive to the action of the price in 1D and 4H and look for the best entry, I also recommend to be attentive to the action of the BTC price, as the price position is not yet decided, so any jolt on the part of BTC would affect the whole market.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Bitcoin price Targets, Traps and More!

September 10, 2019 Published by

Bitcoin continues moving sideways, testing investor patience.

Screen Shot 2019-09-10 at 12.05.24 PM.png

In today’s video we’ll discuss where price may be heading next, key areas to watch, targets and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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Feature Image By: Saul Gravy

MTL technical analysis

September 9, 2019 Published by

MTL seen from the temporality of 1D we can observe that the current structure has formed a bullish pennant and the major figure shows an inverted SHS, a reversal pattern of trend, in the chart above I have indicated the pennant through the diagonals in light blue, while the diagonals of trend and horizontal supports are in dark blue, previously the price made an upward journey recovering the support located at 0.000035 and consolidate above that level, it would be expected that the price continues its upward path, currently the candles are testing the diagonal of the bearish wedge within the pennant, if we fail to make the break in the current situation, we could expect a reversal to the diagonal greater, approximately within the price range of 348 – 358, to then have a pullback to break the resistance of the figure and reach our pennant target, which is at 485, I have also pointed out in the chart above the SHS target, which is higher located at 629.

MTL seen from the temporality of 4H we can observe more closely the current movement of the candles, we can observe how it has tested the resistance of the descending wedge, within the circles I have pointed out the important points that we should always take into account in a trend, the third circle has not yet been completed, so I mentioned earlier that we could see a reversal to the diagonal that would end the down cycle and look for the break.

In conclusion, MTL has a good enough chart to trade, the major figures are bullish, the price has recovered an important level, located above the previous LL, the neck line I have indicated in the chart with purple color, in the short term we could see fulfilled the objective of the pennant, found resistance in the neck line, so we should see another accumulation to go for the objective of the SHS achieving the breakage of the neck line first. I recommend to be very attentive to the action of the price in 4H and the closing in 1D, also always be attentive to the movement of BTC, since any strong movement can affect the market of the alts.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

THETA technical analysis

September 8, 2019 Published by

THETA seen from the temporality of 1D we can see how the structure of candles has formed the figure of a symmetrical triangle, the minima are being higher and higher while the maxima are being lower and lower, in simple terms this means that the buying force is increasing compared to the selling force, which in most cases, this ends up breaking the bullish figure.

The current candle is finding demand in the support located at 0.10790, it does not seem to be a very strong support, so the price could fall to the support diagonally forming a third touch that would be a great signal to buy, for the price to continue rising will have to recover the support mentioned above in case the price falls, in the chart I have indicated our first target located at 0.15072.

In conclusion, THETA presents a good figure to offer us gains in the short or medium term, a third test in the major support and the price could come up in search of the break, however, we must be very attentive to the implications that have the sudden movements of BTC, which affect the whole market, if the price of THET fails to hold the support, the price would come down to the first zone of demand located at 0.09210, where the price could find a recovery pullback and continue to rise, otherwise, our second demand zone is located at 0.07888, this zone represents the minimum historical THETA binance, so it should be an important buying zone.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Bitcoin: Prepare For a Large Move

August 28, 2019 Published by

Bitcoin continues to consolidate within a massive symmetrical wedge.

Screen Shot 2019-08-28 at 11.26.06 AM.png

In today’s video I’ll discuss where bitcoin may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

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Spread the word about Bitcoin and help change the world. Support this channel by getting your Bitcoin shirts, hats and apparel here: https://www.bitcoin-gear.com?aff=42

Instantly exchange your crypto, with no KYC, on Coin Switch here: https://workin.coinswitch.co/

Get paid for viewing ads or block them all together with Brave Browser. Free download here:
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YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

Bitcoin: Counting Down to a Breakout

August 22, 2019 Published by

In my prior update, we discussed the real possibility of price breaking down to test the $9,950 support. That’s exactly what happened. As of now, that support remains in tack. Price is operating within one big symmetrical wedge. As bitcoin approaches the apex, we can expect a much larger move.

Screen Shot 2019-08-22 at 10.46.05 AM.png

In today’s video we’ll discuss where price may go from here, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

upvote.gif

Spread the word about Bitcoin and help change the world. Support this channel by getting your Bitcoin shirts, hats and apparel here: https://www.bitcoin-gear.com?aff=42

Instantly exchange your crypto, with no KYC, on Coin Switch here: https://workin.coinswitch.co/

Get paid for viewing ads or block them all together with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

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