Today we have another Academy Post. In this article, we will explain the way we trade pennant patterns on a real setup.
FIRST STEP: Understand the context
-In this case, we have the price inside an ascending channel (that provide us a bullish direction)
-The price is at All-time Highs ( Next Resistance zone, the upper trendline of the channel)
-The price is...
+ Cyber Ensemble Buy/Sell positions signaling is derived from an optimized scoring of a large number of conventional indicators. (Blue/Purple plus Background HeatMap)
+ FG-Divergence is based on my own modified version a MACD style oscillator, with its own accompanying Momentum and Acceleration oscillator. (Light Green/Red)
+ PRISM Signals is based on PRISM, a...
As we know there is a lots of talk around the traders for XRP, few are bullish by calling the price as bottom while few are still bearish.
Let's have a look at charts with some indicators.
At first one must notice that the bigger time frame(1D chart) is showing that the XRP is in descending triangle pattern(shown in chart with blue lines) according to the...
Evening everyone. Looks like BTC is stuck in a range or figuring out its next move, so let's examine a month of momentum trading setups that we're sure to see again as the bull market plays out.
Quick review -
-50 wma = buy/sell line. Longs only when price is above and shorts only when price is below. This keeps us from pissing into the wind...unless you're...