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TraderMagz Updated 

Cardano BINANCE:ADAUSD is setting up perfectly for the Bull Market ADA has been consolidating for the major part of 2023 and has been in a significant downtrend since early 2022. We finally have the signs that the downtrend and consolidation is over and a bullish trend can begin. Technical Analysis: 1) Breaking and re-testing the descending triangle 2)...

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Cardano's BINANCE:ADAUSD Road to $1 ADA had a massive bullish run from $0.25 to a High of $0.68 (Approx. 150% Gain). Cardano is currently consolidating and building a base at the $0.60 price level. ADA has significant resistance at the $0.66 to $0.68 range and has to break in order to move to the next levels ($0.8 and $1). There was a typical liquidity grab...

TraderMagz Updated 

Tesla is ready for another leg up: - NASDAQ:TSLA Technical Reasons: Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement Money Flow Divergence on the daily Commodity channel index divergence on the weekly Stochastic Momentum switch on the daily Already +- 5% off the lows which shows buyer are stepping in RSI is exiting oversold...

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NASDAQ:TSLA - Tesla the "EV Maker" has seen a massive comeback from the low $100s. Tesla tested the $200 mark in February after which we have seen approximately 30% correction which partially filled the gap created in January. Per the diagram we can see that Tesla NASDAQ:TSLA is forming a classic extended broadening wedge pattern, which can indicate...

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OANDA:USDZAR is breaking out of a critical parallel channel We have been short the Rand (i.e Long the USD/ZAR pair) since it broke out of the previous parallel channel, however the Rand is gaining strength against the dollar. We closed the position once the rand hit the 1.618 fib extension target at R18.38/$. We have switched to a long position on the ZAR due...

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Matic BINANCE:MATICUSDT vs ETH BINANCE:ETHUSD is breaking out of the symmetrical triangle For those of you who do not close spot trades into USD but into large Caps crypto assets, looking at ratios between different crypto assets are invaluable. If your favourite altcoin is not outperforming BTC, ETH, ADA or Sol then why hold that altcoin? Based on this...

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The TVC:DXY Dollar has broken critical support The dollar has broken down from its parabolic curve that has been intact since October 2021. We now have 3 daily closes below the curve indicating a significant trend change in the dollar. Risk assets are generally negatively correlated to the dollar. Therefore Crypto and the stock market tend to go up when the...

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Bitcoin against the SPX, overlayed with the NASDAQ As shown in the analysis, we can clearly see the correlation of the NASDAQ CURRENCYCOM:US100 / NASDAQ:QQQ to the returns of Bitcoin. When the QQQ/NASDAQ is in an uptrend, Bitcoin is in an uptrend. I have purposely valued Bitcoin against the US500/SPX for 2 main reasons: 1) The US500/SPX is the benchmark we...

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BITSTAMP:BTCUSD Bitcoin is entering the green zone of the logarithmic growth curve This indicates that we have entered a period of peak opportunity. If you believe in the future of bitcoin and its narrative then this might be one of the best few weeks/months to accumulate bitcoin and other large cap alt coins. I have pulled a fib retracement from the March...

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BINANCE:ADABTC has performed amazingly this past few days running up to the Alonzo hard fork. Potential for more upside to come. BINANCE:ADABTC is currently forming a beautiful bull flag on a 1hr to 6hr timeframe. Bull flags are continuation patterns and therefore this can lead to more upside. BINANCE:ADABTC is currently holding the 0.618 fib retracement...

TraderMagz Updated 

BINANCE:ADAUSDT with a W-Reversal Pattern before the Alonzo Hard Fork The absolute perfect time to build a position before the launch. You will be able to catch a great swing trade. Entry: $0.33 to $0.41 Take profits : TP1: $1.51 TP2: $1.67 TP3: $1.819 at the 1.618 Fib extension Leverage: 3x to 8x. Lower leverage would be advisable due to volatility Track...

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Tesla has broken out of the downward sloping resistance line and has finally broken out. NASDAQ:TSLA Tesla is currently attempting a retest of the downward sloping line. If we see a strong reversal at the resistance line, then we can conclude that it has now flipped into support, and thus we are going to see a steady rise in TESLA's share price. Buy zones are...

03:09

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BINANCE:BTCUSDT

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ADA Mary Hard Folk Bull Run BINANCE:ADAUSDT 1st of March the first stage of the Goguen roll out goes live. Multi-assets functionality will be active ADA has broken out and is expected to run till 1st March, therefore long the dips on the smaller timeframes for best entry point on leveraged trades. Take profit 1: $1.25 - On the purple trend line Take profit...

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BINANCE:LINKUSDT Ready for another leg up ChainLink has broken out of the symmetrical triangle on the 4 hr timeframe and is now re-testing the breakout resistance line. The resistance line is appearing to have now flipped into support. If the support line maintains then we can expect another leg up for Link. Take profit targets are as follows: TP1: $35 to $38...

TraderMagz Updated 

BINANCE:ADABTC has broken out of its downward resistance and is now on its way to retest the resistance which we should expect to now flip into support We remain bullish of Cardano in the short to medium term due to the Goguen mainnet roll out. Enter a long if the support holds and the momentum turns There are still major millstones for ADA to reach against BTC

TraderMagz Updated 

BINANCE:ADAUSDT ADA Breaking out in a beautiful pattern before Goguen Mainnet Upgrade ! Cardano will launch their smart contracts platform towards the end of February. They are currently in test net phase and things are going well. Many partners have joined to develop on the test net before the upgrade to production. #adamainnet Take profit trading set...

TraderMagz Updated 

BINANCE:ADAUSDT ADA saw a massive buying opportunity a few days ago when the whole crypto market saw a sell off. However ADA saw a great bounce back and is currently consolidating above $0.3 Go long once the triangle breaks Take profits around the 1.618 Fib extension target of around $0.34 to $0.35