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FLOW bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. FLOW is a cypto with a negative overall sentiment recently. I have the following price targets: FLOW/USDT short Entry Range: $1.95 - 2.10 Take Profit 1: $1.75 Take Profit 2: $1.50 Take Profit 3: $1.10 Stop Loss: $2.35
Short
by BuySellMarketMaker
ADAUSDT - ConsolidationHello traders, as with BTC, I see a very similar analysis for other cryptocurrencies such as ADAUSDT, I will expect a selling reaction from sell zones at H1 (orange zone), but as I expect a possible consolidation, I will also look for buying opportunities in buy zones. In the event that the price moves above the sell zones, I will start looking for opportunities to buy into the potential consolidation of the daily TF IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
by TraderDominik
RUNE, Rejection or Break Out?RUNE is trading near strong former support which is now acting as a resistance. Strong support/resistance static line with several hits (7 times ) is shown on the chart by thick red line. This static line supported the price for 5 times before breaking down. After break out , RUNE has found a new support and currently is at mentioned line again and may develop a valid pull back. Rejection or break out? I myself, give more chance to rejection however, we have to be ready for every scenario. Both rejection and break out targets are shown on the chart . We need a valid trigger to open a short/long positions at support/resistance zones. As always, we are trying to be unbiased. Selecting right position , RUNE will brings us nice profit. Good luck everybody.
by SaeedSajedi
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