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Re-test the resistors ( BTC 1D )BTC was able to be well supported according to Fib 0.5~0.382 and also reacted well to the ME 100 line and narrates the upward trend. Ascending signs: MACD Ascending signal RSI supported by line Support for bulls in Fibo 0.5~0.382 Positive news from the federal government * In case of passing with high volume through resistance zone 2, higher targets can be considered, otherwise lower support zones should be tested again for uptrend* The responsibility for buying and selling lies solely with you
BITSTAMP:BTCUSD
by Saeed-sheikh
ADAUSD Descending Wedge Break to UpsideImportant things to note: ADA has formed a descending wedge which confirms short term bullish activity. ADA bouncing from oversold RSI. Breakout to upside of wedge coming soon. 50MA test will likely be the decision point. 50MA lines up with resistance due to volume. My last chart predicted this movement, this wedge gives it more justification. BTC will need to move to about 45500 to deny another movement down. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) So it looks like we have a descending wedge which tells us the price will breakout above the pattern. This is something I predicted in my last chart and now we know the price is headed for the decision point (the decision point box from my last chart). However, we have a bit more info on where that decision is likely to occur. I believe it will happen when testing the 50MA. From there we have two scenarios, either the price passes the test and moves above the decision point to 2.56 where we can forget about the price moving further down, or it gets rejected and heads to 1.9. We do not know if that will happen yet. But is nice to see we have some confirmation of the short term direction. ADA could have easily just fell to 1.7 ending the correction immediately. Now, we will have to wait for the test. This coincides with BTC moving upwards towards 45k. If BTC can hold 45500, I believe you can expect further movements upwards. If the price is rejected, we know what to expect. On the chart we can also see the 50MA test lines up perfectly with resistance formed by the buying volume. Overall, I think we are nearing the end of the correction. Again, take this opportunity to DCA and if you can't, just wait it out. This pullback hasn't been too bad and I am excited about where the crypto market will go from here. Thanks again everyone! I will continue to update you all on the movements of ADA. Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
25
Pond hidden bullish divergence. Upwards continuation.Historic bounce off of RSI oversold support line. Hidden BULLISH divergence on MACD to confirm upward trend continuation. Price respecting the upward trendline dating back to JULY. Price fulfilled long term Fibonacci 'ABC' pattern, waiting on price to reach target 'D' (0.22494) - our first take profit. Price also completed a short term Fibonacci sequence, 'ABC', first short term Fibonacci target 'D' (0.21911) aligns nicely with long term Fibonacci target. Have patience, don't get greedy and not take profits when price reaches our targets :) Have a nice day.
Long
by Secret_Cervix_Agent
4
USD/CAD - 22/09/2021(H4) - We can see USD/CAD finally broke out of that range after breaking 1.27086 resistance. Had a really nice drive from this move and no we can see price has printed the higher high. Higher low has also been printed and now we are expecting the new higher high to be formed. Targets will be 1.28567 and will be looking for buys only unless price action suggest otherwise later on. (M15) - Can clearly see price presenting bearish structure here on the M15. LL & LH's being formed and now forming a double top at 1.27973 If we do start to sell off I will be looking for break of 1.27883 for entry with breakeven targets for 1.27789 and TP targets at 1.27489
by Official_VIFX