Binance Breaking Barriers
This following video that we upload to our YouTube Channel shows us that Binance is really breaking all the barriers within the cryptocurrency market.
Also, we start again a new Crypto Netflix series where we show you the best coin Technical Analysis beyond the top 10 of the coinmarketcap. Enjoy it, Rubikators!
For this opportunity we bring you the technical analysis for Cardano, Dash, Tezos and as extra bonus, the daily Bitcoin analysis after the last mountain climb. That’s why, we invite you to make a coffee, look for a good popcorn, sit down and read very carefully.
Remember that these premium technical analyzes that we share with you use all the analysis theories to perfectly investigate the movements of the past, present and future of the asset in question.
The Next Crypto Bank
Tezos is currently within a strong channel limited by the EMA100, as the main support; the EMA9 and the EMA 500, as short-term resistance and above the 38% line zone of the Fibonacci retraction, between $1.77 and $1.25.
This last line, and with the interception of one of Gann’s angles, is creating an ascending symmetrical triangle, which in simpler terms, we could say that it would be a zone of accumulation for the next few days, with the set of impulsive Elliot waves.
MACD and RSI creating a parabolic movement in favor of continuing trend and in the direction of price accumulation
Important supports: EMA100 at point $1.25; EMA200, at the point of $1,178; and EMA300, along with the 50% Fibonacci retraction line and at the exact point of $1.10. Good luck for the crypto next bank!
The Asset That Saved Venezuela
Dash after staying inside a low channel, now recovers. Days ago he left the 100% support of the Fibonacci retraction line and managed to break up to the resistance of the 38% region of the Fibonacci retraction with an impulsive wave of Elliot number 3 according to our vision.
In the hourly chart (H4), the price remains between $120 and $122. For the daily chart, MACD and RSI show the high degree of input that Dash had within the overbought zone.
Primary resistances: between $123, limited by 38% of Fibonacci retraction; $129.5, created by EMA500; and 143.74, in the 24% line of Fibonacci retraction.
Important supports: $107.87, created by 50% of the Fibonacci retraction line; $91.81, limited by 60% of Fibonacci retraction; $77, EMA200 crossed with EMA9; $68.95, limited by 78% of Fibonacci line; $59.24, where there is a cross between the EMA100 and the EMA21 and strong support made by the ichimoku cloud; and $ 49.85.
A Meaningless Project
Cardano on the daily chart remains at $0.0414, generating a new action price, below the 78% Fibonacci line and ending what would be an impulsive wave of Ellio number 5 in our vision. MACD shows in favor of the Bullish trend and RSI with 62 points begins to diverge in favor of the correction of the next Elliot wave cycle.
Strong resistance: $0.0429, limited by the 78% Fibonacci line.
Support to consider: $0.0398, created by EMA100; $0.0386, made by EMA9; $0.0367, with the crossing of the EMA50 and the EMA21; and $0.0324.
The Bears Will Kill The Bulls
The perspective of the continuation of wave 5 in the daily chart that we had said in the previous market report was concertized. What we see now is that Bitcoin in the price range of $8710 and $8950 is being supported by one of our Gann angles traced since the last fall.
The negative points of the current situation are: (1) not having broken 60% of the Fibonacci retraction line; (2) one of the important lines of the low channel and that we consider a main low trend line; and (3) the possible creation of an evening star.
RSI with approximately 70 points shows signs of entry for the overbought area and MACD is in favor of the high trend.
On the other hand, our resistance zone can now be considered a strong support zone where most of our EMAs are converging towards the $7980 support.
With that, we just want to extend the invitation for us to build a new decade in this market with many successes and good profits.
See you next chapters of the series! With love 💛 Rubika Ventures Team!
Last Results — December 2019
We have compiled all the results for the month of December 2019!
Congratulations toa all members👏🏻.
Total Profit: 1118% — Total Radio: 50.82% — Stop Loss: -332%
Number Of Winner: 12 — Number Of Loss: 8 — Total Signals: 20
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