Here is a picture of the current market with price levels where we should expect Bulls/Bears to be defending... Enjoy! Happy Trading! Truly, Chris Founder Simple Renko Trading
...closes BTC has has said good riddance to the Bearish Descending Triangle it was in. BTC is back in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. Note we have had a Cloud (Kumo) Twist into a bullish green cloud for this 4hr timeframe. BTC is back above its 50EMA for this 4hr timeframe. BTC is back above its Bollinger Bands Middle Band Basis...
***If you haven't read the first post, I would suggest reading that first part to get the full context of what I am about to talk about (check my profile). We are currently in the second step of what I coined the "Fortune Fractal" Pattern. The price action is around the SMMA 7 line, and it won't be long before a massive move to the upside could happen. I am just...
NEO now found support at the 200MA for the second time. Currently NEO is consolidating into the apex of semi symmetrical triangle. We expect some more consolidation into the apex before we find some volume that pushes NEO out of the triangle. Entry is around 50$ and target around 120$. Basic rules: - Never buy the top/ATH - Take profit as long as you can...
Qtum hits the 200MA for the second time and we already see some signs of separation. Now that Bitcoin surpassed 40k and is likely to move upwards again also altcoins are likely to gain some upwards momentum. Entry is around 9$ and target around 27$. Once the volume increases again things could go fast. The first Qtum halving should also take place this...
There is an H&S pattern forming on the 4H timeframe which would mean further downside. Please also note that there's an incoming dead cross on the daily frame. The good news is that inflation is taking off which should be good for this market.
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
Trade setup: Weekly & daily: crossed long-term trendline (red line) & resistance (blue box) with volume and bullish candle. 50EMA >200EMA as well. Weekly closing was above psychological resistance of 100 INR. Company key take aways (fundamentally): 1. Company is 100% debt free. 2. The main source of income for the company is by the way of dividends. 3....
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
DoorDash has chopped downward after stalling above $200 in February, but now the chart may be showing signs of a turnaround. The first major feature is the high-volume bullish price gap on May 14 following quarterly results. The big takeaways were strong revenue and a widening appreciation of its growth potential. DASH spent the next four weeks pushing against...
Tata Chemicals BUY = 749 STOP LOSS = 727.70 TARGET = 791.10 Don't just trade on my strategy first backtest ant then trade on your own risk and i am not responsible for any loss
Navcoin has broke out bullish few days ago, it is now pulling back and retesting the wedge, time to go for a swing! Current Price= 0.00000969 Buy Entry= 0.00000975 - 0.00000915 Take Profit= 0.00001247 | 0.00001598 | 0.00001853 Stop Loss= 0.00000743 Risk/Reward= 1:1.5 | 1:3.23 | 1:4.5 Expected Profit= +31.96% | +69.10% | +96.08% Possible Loss= -21.38% Fib....
The current ranging environment is demonstrated by the ADX indicator, which has been threading below the 25-point benchmark since the 24th of May. The development of a descending channel elucidates the gradual transition from one market stage into another. The recent reversal from the channel's upper boundary, which also represented a reversal from the 100-day...
Contract - CME_MINI:NQU2021 - PR High: 14015.00 - PR Low: 13989.50 Evening Stats - Gap: = +0.04% - Session Open ATR: 188.26 - Volume: 11k - Open Int: 68k - Trend Grade: Retracement - From ATH: -0.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14104 - Mid: 12530 - Short: 12598 Keep in mind this is not speculation or a prediction....