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Crytpotrading

SXP AUD heading towards its Support lineOn an hourly chart, SXP shows an upward trend. It has already touched its Resistance point at 5.3 and now moving down. Mostly it will come down to its usual support level close to 4.18. If it does, then my entry will be close to 4.3 with stop loss at 4.083. At its first Resistance level look for a profit of 10% and if breaks R1, then get ready to bank additional 9.4%. Overall potential profit range is 10 - 19%. Expecting it to come closer to its support line in 1-2 days. Note: These are my personal notes and in no way financial advice. Do your own research before trading
SLong
by Manjyot
2
ETH breaks flag pattern to increase momentum northETH has been very closely correlated to BTC in recent months and it appears to be slightly lagging behind the strong moves and breakouts that Bitcoin has presented. ETH remains a strong favourite to retest previous structure highs in and around 2042. Swing traders had an excellent trade recently after a clear reaction from the 382 Fibonacci level triggered the bulls. We took this north through resistance and look for further breaks above 2000. What also gives us further confidence in this is the confluence on the 382 extension which matches up perfectly with the previous high. However, 382 fib predicts a 618 extension..... Buy those dips and wait for a break before going north.
COINBASE:ETHUSDLong
by Youza
EBON crypto mining machinesWith all this crypto hype, mara and riot rallying to new highs, and BTC continuing its bullish rally, what can we look at that is still cheap and related to these big names like Mara and Riot? ..... Well thats where we have $EBON, a chip design company and a manufacturer of high performance bitcoin mining machines. Now with BTC rallying to new highs this a blockchain stock to 100% add to your WL! Now from a TA standpoint $EBON is currently retesting a multi month downtrend and is looking primed to breakout and start its reversal back to ATH! Keep an eye on volume if we break that downtrend resistance and that will give us a confirmed sign of reversal. Now we have er approaching soon so any long term option contracts I will hold off till then and play the crypto hype short term w/ the ER run up. Key Levels: Support: 5.75, 5.21, 4.69 Resistance: 7.20, 7.92, 8.66,10.90 Ways to Play This: 1.Load shares and possibly sell covered calls 2. Enter on the breakout of the downtrend resistance line with month out option contracts 3. If we see a pull back enter on a dip (5.30-6.17) load zone (options or shares) Option Ideas: extremely high IV on these tread carefully here Leap strikes are being added so possible 1/2022 Calls on this 7.5C 7/16 2.90 (Medium Risk: High Reward) 7.5C 3/19 1.88 (High Risk: High Reward) 10C 2/19 .30 (LOTTO)
NASDAQ:EBONLong
by jUiCE_Trades
5
Litecoin A formation of long trend?We can see a long trend beginning to form with lite coin. Whilst many speculate over potential sell off/market dump soon to happen to the main stream alt coins, we believe the new drawn attention could see some of the major players take on a bull run. In the event of an extended breakout and the trend continuation, Litecoin could test resistance at $170. The second major resistance level sits at $165.11. Failure to avoid a fall through the $148.38 pivot level and the 23.6% FIB would bring the first major support level at $141.77 into play. Barring another extended sell-off, Litecoin should steer clear of the second major support level at $131.65.
BITFINEX:LTCUSDLong
by Orion-Markets
BCHUSD - Prefer to short now!!a friend of mine text me via what'sapp to ask me to see BCHUSD. And here is my view about this crypto First, you all have to know that BCHUSD is in a large consolidation area. And showing to us a false break few days ago. So, my expectation to this crypto that it will go down later. We still see price trying to rise up but sellers potentially against this up movement and make price down. So, in my thoughts, becoming a seller now is more preferable. Happy trading -Jee
BShort
by Jee_D
1