I could have doubled my previous July 9 long trade’s 6.33 RRR after XRP’s spectacular move that breached above the 0.60 barrier from mere 0.42 level!

Read XRP's latest update:
https://www.finlogix.com/analysis/20240718/xrp-intraday-analysis-and-trading-plan-for-july-18-2024

Trading involves risk.

#Trading #Crypto #Markets #XRP

#US #dollar #DXY index's dominance in the overall #markets has finally given a PoD to the downside after months of holding within the neutral daily symmetrical triangle!

September hopes of #Fed cut rates are getting brighter and the dollar is already sold out.

Happy Wednesday.

Bitcoin strongly reverses to the upside after massive sell side liquidation below its May 1’s order block last week hitting my verbal 54-55K buy call!

More analytical details here:
https://www.finlogix.com/analysis/20240717/bitcoin-intraday-analysis-and-trading-plan-for-july-17-2024

Trading involves risk.

#Crypto #Trading #Markets #Bitcoin

#ADA on the weekly appears to have successfully negated/prevented a double top bearish pattern after forming a range #trading week!

I've said this week that buyers are found in the 0.40-0.42 levels and it already held above the 0.42 lows.

Good move.

Many are shouting that #Bitcoin will price dive soon!

How???

Looks bullish to me after a recent downtrend is won clearly!

Happy Tuesday.

With XLM’s strong previous weekly close, its June 7’s 4H bearish FVG has been successfully retraced. A new higher trading range is formed and held after the May 21 downtrend is cleared.

Read in full:
https://www.finlogix.com/analysis/20240716/xlm-intraday-analysis-and-trading-plan-for-july-16-2024

Trading involves risk.

#Trading #Crypto #Markets #XLM

Per my previous long call’s target to secure the 70 take profit mark, Litecoin is now trading within February 28 order block’s median levels.

Read full updates:
https://www.finlogix.com/analysis/20240715/litecoin-intraday-analysis-and-trading-plan-for-july-15-2024

Trading involves risk.

#Trading #Crypto #Markets #Litecoin

#ADA Futures update:

4H Bullish OB holding up!

Weekly Imposes a double top pattern but can be tricky to open a short position!

However, if a weekly double top occurs, buyers are found on the 0.41-0.42 range to create a range pattern.

As a trading strategist, I treat #trading as a serious business so an example below's performance, I made 9 analysis and plans.

Low win rate of 22% only but kept the losers small and winners big.

This is a clear example of a sustainable trading strategy.

Meanwhile, flipped S/R OB is holding pretty well on the 4H.

Looking good! We need this new up wave to keep going.

#ADA

#ADA Futures update.

We had a strong weekly closing above 0.43!

Good sign!

Now we need to have some dips first and I want to see a short/medium tail shadow intraweek.

Plus, we need to trade within last week's head shadow to keep the newfound bullish move!

Good morning and a happy Monday.

4 of my analyses including #XRP and #XLM have hit their respective TP levels.

Stay tuned to my next posts.

Have a great #trading week ahead!

A follow up on the #ADA futures 4H view:

I'm still seeing a correctional ABC wave that is yet to be finished. My worry is the current rally is a D mini wave within that bigger wave. We don't want another leg down to complete an E.

All I want to see is an impulse new wave!

#ADA futures update:

The main trend is down yes it's true but a counter mini trend is fighting back against the bears.

Chart below is in 4H view but on the weekly, a strong Green Body with a Longer Tail wick is observed.

For a bullish bias, we want to hold this week in green!

I've shorted the US Dollar DXY index since June 27 and tonight's weaker inflation data nailed that call!

BOOM SHAKA LAKA!

#US #Dollar #DXY

Update on the #ADA futures.

With the recent bearish overpowers wreaking havoc in the #crypto #markets, I want all the ADA investors/holders and traders alike to stay updated.

We saw a strong reaction which is a TOTAL REJECTION last week after ADA merely touched the 4H 200-SMA!

If you asked me what I'm seeing on #ADA futures now.

Here they are:

We are in a downtrend/down wave that is yet to finish.

The last discounted price on Friday's dump is a 78.60% fib level pocket.

2 things from here:

1. A new up wave or impulsive wave.

2. Another down wave.

Market trends just don't reverse magically. They need valid confirmations that are hard to spot because the market usually sets booby (both bear and bull) traps to unsuspecting participants.

#Trading #Wisdom

As mentioned in my previous analysis, XRP’s 2024 bottoms were retested even lower! Bulls have retaliated sending the price above the important 40 cents levels.

Read my latest analysis:
https://www.finlogix.com/analysis/20240709/xrp-intraday-analysis-and-trading-plan-for-july-9-2024

Trading involves risk.

#Crypto #Trading #Markets #XRP

XLM’s June 12, 2023 bullish OB has once again held up from last Friday’s swift liquidations of the recent long positions above the 9 level.

Read in full:
https://www.finlogix.com/analysis/20240709/xlm-intraday-analysis-and-trading-plan-for-july-9-2024

Trading involves risk.

#Crypto #Trading #Markets #XLM