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LONG [IOTA] "BUY & HODL" Microsoft Inbound Explained!
LONG [IOTA] "BUY & HODL" Microsoft Inbound Explained!
So, IOTA what to do with it and the current ongoing fuzz with Microsoft is it safe to BUY?  First thing first,  Recent Event, IOTA announced plans for another collaboration–this time, a partnership with the International Transportation Innovation Center (ITIC). The IOTA Foundation plans to work together with the ITIC to build a network of autonomous vehicle testbeds.  Now, what's with Microsoft tho?  Well there were several mistakes that happened.  The major mistake that happened was under the Microsoft 1.73% side, not on the IOTA side.  companies that are participating in the data marketplace, are nothing more than data marketplace participants. They never said they were partners.  and the confusing quotes was made by Microsoft 1.73% employees that “we Microsoft 1.73% are happy to partner with the IOTA foundation.” What had been done is basically a journalist started picking this up, “IOTA Partners with Microsoft 1.73% on Data Marketplace”. So for one, obviously , some of the other data marketplace participants were displeased, right, because suddenly it was mostly about Microsoft 1.73% .  Conclusion  IOTA Still a BUY Despite all of this Microsoft 1.73% thing was just a cruiser  Hold your positions with CMP  Set Targets to  Target 1: 03585 (25%)  Target 2: 04112 (43%)  Target 3: 04742 (63%)  have any doubts? than, let us know in the comment section below  and make sure to give this analysis a Thumbs UP +_+  Join our Telegram (link in BIO)  Source - General public Information!  
Bitcoin - Triangle Pattern - 21k or 10k ?
Bitcoin - Triangle Pattern - 21k or 10k ?
Hey traders! I want to share with you my new BTCUSD -4.16% analysis, where I identified a triangle pattern in formation (if you don´t know how it works, please go to the end of this post). This triangle has been forming during the last few weeks, since the big drop that bitcoin -4.16% suffered near Christmas. As you can see in the chart, volume has been decreasing, which supports the idea of a triangle pattern in formation. I also would like you to notice that volume use to be bigger when price drops rather than when the price increase, which might give us some signals that price will break the triangle at the bottom. When breakout occurs (no matter what direction), there must be an important increment in Volume . Since we presume we don´t know which direction bitcoin -4.16% is going to move, we want to set up a Buy and Sell Stop Order.  MY ORDERS  BUY STOP: 16.500  TakeProfit: 21.000  SELL STOP: 16.500  TakeProfit: 10.000  Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)  Symmetric Triangle Pattern - How does it works?  In first place, you have to know that this kind of pattern most of the times has to be considered a bearish pattern . It belongs to the category "Continuation patterns", which means that once the pattern has consolidate and breakout has occured, price will return to its last trend. This pattern use to appear in bearish tendencies, however, sometimes it also can appear in bullish tendencies, which is exactly what we can see in the chart. Once the breakout has occured, we can expect a price movement equal to the height of the triangle. Another important thing you have to have in consideration, is that volume always has to decrease during the formation of this kind of patterns, but, when breakout occurs, it must heavily increase.  Are you interested in Technical Analysis?  I recommend you the John Murphy´s book: Technical Analysis of Financial Markets. It is a great introductory book.  Do you want me to analyze an specific coin?  I'm all ears, please contact me :)  My Telegram Channel  https://t.me/juanchobanano  @juanchobanano  If you like my work and want to support it, you can donate to the following wallets :)  BTC: 1EWAzRdyZa5DBSTnsnzNfjvxPbE3HkszzH  ETH: 0x9ca387456fed6b0f3e48e6d1388329e7ad0aa653  If you find this analysis helpful, don't forget to follow, like and comment. I use to upload new analysis every day :)
ETH/BTC - Opportunity To Buy
ETH/BTC - Opportunity To Buy
What's up traders,  Here we have ETH/BTC 1.42% on the 4H chart.  ETH/BTC 1.42% was recently trading in a flag structure, between a horizontal support level at 0.083000 and the upper side-wards resistance at 0.088700 (At pre breakout levels). Price has recently broken structure and it looks like it is ready for a new up move, to the upside target of 0.11250.  Price has broken out of the side-wards resistance. When price was testing the support previously it was making lower lows. But on the last retest of support on January 12, it broke out of structure and has now given a clear higher high. There is potential for more upside in this trade.  I am expecting Ethereum -3.74% to continue an up move. Before this, price could retest the previous side-wards support level at 0.08400 before the up move to the target begins.  This trade could play out in 2 days, I have outlined these below:  -Price successfully continues to rally to the upside without retesting horizontal support. Price will hit the upside target at 0.112000.  -Price retests the horizontal resistance zone at 0.084000 first, before going to the upside target of 0.112000.  Bare in mind, that price will more likely hit the upside target level if it retests the support zone first (As outlined in my second scenario). A retest will create a short term wave pattern, which will bring price well on it's way to the upside target at 0.112000.  If price breaks the support zone , it would suggest a sudden and severe weakness in the pair and it would not be a good idea to be a buyer anymore.  I will updating this analysis if it receives more than 40 likes.
Cardano #ADABTC - end of the correction and 100% gains ahead?
Cardano #ADABTC - end of the correction and 100% gains ahead?
TECHNICAL ANALYSIS: The price of Cardano cryptocurrency quoted for Bitcoin -4.53% ADABTC -6.76% dropped lower in the wave correction (4) than assumed in the original wave scenario.' Nevertheless, after reaching the level of 0.00004066, the price dynamically rebounded by drawing a reversal candle formation called Hammer Candlestick Pattern. Then it broke above the golden downward trend line and it reached 50% of the Fibo retracement of the previous down leg. The main scenario: Currently, the price is most likely in the psubwave 2 correction and tests the trendline from the bottom and is approaching the support level of 38% Fibo at 0.00005802. The price can still go deeper to other levels of elimination eg 50% or 61% and bounce up after hitting one of them. After the correction, an impulsive breakdown is expected to reach around 0.0001000, which is almost 100% profit. Alternative scenario: On the other hand, an alternative scenario assumes the deepening of declines in the more complex wave correction (4) over time and in price: - breaking below 61% Fibo will mean a higher probability of decreases towards the first level of 0.00004066, and then even 0.00003236 (red dotted arrows). - knocking the top to the level (or near the level) of the previous wave (3) high, followed by a dynamic retreat, will also mean a more complex correction in the unfinished wave (4). Violation of 0.00003236 invalidates a completely impulsive growth scenario. TREND AND IMPORTANT LEVELS: Main trend: UP Intermediate trend: DOWN Daily trend: NEUTRAL / UP (continuation of the upward trend and the possibility of breaking higher after adjustment) KEY LEVELS: - for further increases - 0.00006895 and later 0.00007227 - for continuing correction - level 0.00005802, 0.00005466 and 0.00005130 - for a continuation of falls - level 0.00005130 and later 0.00004066 PS: If You do not want to miss another update, make sure You are following me on TradingView! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes.