Published trade ideas

BTCUSD
BTCUSD
PAIR: BTCUSD " THE MORE PRICE BOUNCES BACK TO THE UPSIDE, THE MORE LIKELY PRICE WILL GO LOWER" On the daily time frame, BTCUSD price has been spotted a bullish divergence. A brief review on what divergence means. Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows. Divergence is a reliable trading signal, but it's not timely, meaning that price usually follows the direction of the indicator. THE BULLISH DIVERGENCE Bullish divergence occurs when price makes a lower low but the indicator forms higher lows. The two data streams diverge in direction. Price will eventually, usually, follow the indicator higher. Price trend downward forming lower valleys. Indicator trend Higher valleys. A trendline drawn along the indicator valleys must slope upward. Price should a bit higher before considering taking a position. More to that is a TK bullish9weak) crossing below the cloud. VERDICT: BUY:$3622usd SELL:$3763 up to $3867 STOP LOSS:$3499 The cryptocurrency asset mentioned in the above TA analysis is available for trading on : www.covesting.io(ticker BTCUSD) Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
XBTUSD
XBTUSD
PAIR: XBTUSD After the failed breakout from the HEAD&SHOULDERS on the 12hours time, price was rejected from pushing higher. On the same time frame(12hours), price is forming another inverted head and shoulders which currently is yet to complete the head, at the same time the left shoulder and the head has the same reversal price pattern which moved price up on the left shoulder. THE DIAMOND BOTTOM CHART PATTERN They are as tough to spot, A redeeming quality of diamond bottoms is that a quick rise often follows a quick decline. Price trend downward leading to the pattern. The Shape looks more like a diamond, but usually one tilted to the side. Prices form higher peaks and lower valleys (a broadening pattern) in the first part of the pattern, then price action narrows with lower peaks and higher valleys. Trendlines outline many of the peaks and valleys, forming a diamond shape. Prices will touch each trendline once or twice. NOTE: If your lines cross some of the price outliers that doesn't matter. Breakout upward 72% of the time, when price closes outside one of the trendline boundaries. The completion of the inverted head and shoulders is only when the head and the right is fully completed, this chart above is an inverted head&shoulders with a down slopping neckiline. The trade to take now is the diamond bottom which will likely complete the head, clearly shown above.  Wait for breakout. VERDICT: BUY:$3656.24 SELL:$3790.14 up to $$3877.88 STOP LOSS:$3506.06 The cryptocurrency asset mentioned in the above TA analysis is available for trading on : www.covesting.io(ticker BTCUSD) Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
TRXBTC
TRXBTC
PAIR: TRXBTC The repeat of the bullish penannt on TRXBTC as the news gear the price up. On the 3hours time frame, price which has made 4 different touches on the resisatnce and support levels. With a descending volume profile on the 3hours time frame, price is close to breakout followed by the volume breakout. The pennant flag pattern shown above is called a loose pennant flag patter, because it has some wite space inside the flag. The pole of the flag which is represented by the price move up, is used to calculate the take profit target. NOTE: Always wait for price to break out of the pattern and close above it before taking a position. VERDICT: BUY: 0.00000697sats SELL:0.00000736sats up to 0.00000778sats STOP LOSS:0.00000650sats The cryptocurrency asset mentioned in the above TA analysis is available for trading on : www.covesting.io Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
BCHABCBTC
BCHABCBTC
PAIR: BCHABCBTC On the 6hours time frame,BCHABC has been spoted forming a long falling wedge chart pattern. The wedge formation looks much like the symmetrical triangle. What makes it different is its slant. The wedge formation has a noticeable slant against the prevailing trend. Therefore, a falling wedge is considered bullish. Price trend can be any direction leading to the pattern.Price follows two down-sloping and converging trendlines. Price should touch each trendline at least five times to outline a good pattern. That's 3 touches of one trendline and 2 of the opposite. The wedge breakout occurs most often in the third part of the total length of the wedge. However, the price might go all the way to the very end of the wedge. This is one of the differences from the symmetrical triangle. The average distance from the breakout is 57% to 59% of the way to the triangle apex (where the trendlines join). VERDICT: BUY:0.03657774sats SELL:0.03936936sats up to 0.05105206sats STOP LOSS:0.03375978sats Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
BCHUSD
BCHUSD
PAIR:BCHUSD More and more rejections to break the $136 resistance horizontal line, forming a neckline line a of achart pattern called THE HEAD&SHOULDERS BOTTOM. The head and shoulder formation is the best indication for a trend change. It looks much like the triple bottom formation( but not on the same level) Ideally, the right and left shoulder should be on the same height or at least close together. The connection between PEAK A and PEAK B is called the “neckline.” The head and shoulder formation is completed if the neckline is broken on a close basis. After a breakout, the initial profit target is the distance from the lowest valley to the highest peak of the head and shoulder formation. Highest on the left shoulder or head, diminished on the right shoulder. Trends downward 65% of the time. The pattern confirms as a valid one when price closes above the neckline. VERDICT: BUY:$137.95 SELL:$141.17 up to $152.78 STOP LOSS:$131.19 NOTE RISK TRADE Adventurous can back when price reverses at the 0.382fib($127.33) retracement with a tight stop loss at 0.236fib($125.17) The cryptocurrency asset mentioned in the above TA analysis is available for trading on : www.covesting.io Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
LTCBTC
LTCBTC
PAIR: LTCBTC Descending broadening wedges Descending broadening wedges are mid list performers, found most often with upward breakouts. Downward breakouts are rare. As with other broadening patterns, partial rises and declines predict the breakout direction. Partial declines work particularly well, but are difficult to distinguish from the pauses that normally occur as price bounces from trendline to trendline. Price trend can be up or down leading to the pattern. Shape looks more like a megaphone tilted down. Both trendlines slope downward. At least two peaks and two valleys should touch their respective trendline, but it's best if the pattern has a least five touches (three or more touches of one trendline, two or more of the other). Volume trends upward most times The chart pattern acts as a reversal of the prevailing price trend (the trend before the pattern began compared to the breakout direction) 58% of the time. The breakout direction is upward 72% of the time. Always wait for breakout in price before taking a position. VERDICT: BUY:0.008980sats SELL:0.009086sats up to 0.009605sats STOP LOSS:0.08603sats. The cryptocurrency asset mentioned in the above TA analysis is available for trading on : www.covesting.io Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.  
ETHUSD
ETHUSD
PAIR:ETHUSD The pattern of consolidations continues as price maintains its support level. The consolidation which is currently happening is as a resuit of the straight line move. The activities has diminished appreciably and constantly during the pattern's construction and it is declining. Price should break away at anytime based on the direction give. The continuation of the previous ETHUSD targets (https://ci.covesting.io/tradeidea/ethusd-29) Targets are still in play. VERDICT: SELL/SHORT:$124.58 BUY:$117.24 down to $107.84 STOP LOSS:$130.05 Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
ETHUSD
ETHUSD
PAIR: ETHUSD The rejection continues as price trend more to the down side. On the 45mins time frame, price maintained its move to the down side and currently consolidating inside the bearish pennant flag pattern(but yet to breakout). More to that bearish pennat flag pattern is the bearish divergence still on the same time frame(45mins). Bearish divergence occurs when price makes a lower highs but the indicator forms higher high. The two data streams diverge in direction. Price will eventually, usually, follow the indicator lower. Still on the same time frame, the bearish pennant flag pattern which needs minimum of three valleys to complete its price move inside the flag before a possible breakout and also the volume profile which plays an important role with the price breakout always trend downward 89% of the time. Always wait for the breakout to the downside before taking a position. BE MORE CARE WITH THIS TRADE VERDICT: SELL/SHORT:$126. BUY:$118.04 down to $108.46 STOP LOSS:135.21 Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.