ETH/BTC has broken out of it's long term downtrend and made an impressive move over the last days but now it looks like a great place to take some profit and buy back in lower. The reason for that is: 1. ETH/BTC shot right through the daily 200 MA and hasn't had a proper correction since. Now it's very close to the daily 314 MA and will likely bounce off it and...
$KMD update! +10% since yesterday's post/discussion. Did make a beutiful +10% move after bouncing nicely from the 200MA on 4H. Unfortunately it got rejected close to the 200MA on 1D & from the resistance at the previous range high. Price currently consolidating and rying to get back into the ascending channel. Secured profits and observing if the price...
GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late...
Hello Traders! Today’s chart update will be on big daddy BTC, which has been trading at a key trade location where a move from is highly probable before or on February 10th (measuring previous consolidation at this current level). Points to consider, - Trend testing major resistance - POC local strong support level - Stochastics topping out - RSI trading in...
Great consolidation above 200MA expecting some uptrend for a while. Entry: 0.00001153 TP 1: 0.00001261 TP 2: 0.00001365 TP 3: 0.00001475 SL: 0.00001088 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be...
A nice bull flag formed in side the trading channel previously post. Not retested the support line @ .2340 either and WELL above the 200 MA. The most positive thing about the price action is it's ability to hold on to the price rise, then consolidate. Haven't seen this kind of price action for a considerable time. Bull market underway......I can see us nudging...
Morning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and...
Welcome! First off I want to be transparent with my last idea where I stated BTC is going to have a rally. Clearly that didn´t happen BUT I had very valid technical reasons for thinking so and called a lot of the movements in that period right. In fact, I even shorted the top at 7.5k as I saw things change in the market. You would have known too if you´d follow...
Hi Traders! The market is in a strong downtrend. The "Multiple Sell Point", as we call it, consists of three parts: > The nearest Resistance is there and that means that selling pressure could get in; > the 200MA as a guide line, because the market often touches it and bounces back; > the top of the bearish wedge , which is also a trend continuation pattern. ...
IJust had a successful 5x long from 8200 to right where the candle wick has stopped here just barely shy of the falling wedge breakout target. I will now wait for a couple daily closes above the 1 day 200ma before reopening any long.....overall pretty satisfied with this one even if it doesn't hit the target with 100% accuracy(which it still very easily might)...
Hello Traders! Today’s chart update will be on EOSUSD which has a bull flag forming above the 200 MA average after breaking bullish from a descending broadening wedge formation. Points to consider, - Trend broke bullish - 200 MA serving as support - Local resistance from Fibonacci Extensions - RSI respecting support - Stochastics projected downwards...
- Solid up trend (200ma pointing up) - Breakout of bullish flag on the weekly JSE:TCP - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Price consolidation looking to soon breakout, low TF looking like an ascending triangle. Entry: 0.00004080 TP 1: 0.00004586 TP 2: 0.00004943 TP 3: 0.00005455 SL: 0.00003900 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk...
Hello Traders! Today’s update will be on BTC’s daily chart where it has been rejected from the golden pocket, a correct may be imminent due to heavy resistance confluences. Points to consider, - Trend testing strong technical resistances – Golden Pocket & Regression Trend - Local resistance - 200 MA - Local support at .786 Fibonacci - Stochastics topping out...
The stock price has been rising since a double bottom in early October. It broke out of a downtrend today with the price finding support on a level where the price gapped up. This area is also where the 200-EMA line is. Today's short float on this stock was 11.71%. Price targets are noted on the chart.
I anticipate we may even test the 1 day 200 MA (in blue) before any significant retrace. If price action can find a way to close more than 2 consecutive 1 day candles above the 1day200ma however this may be a legitimate breakout from the wedge.
Hi traders, potential UJ short. Price currently has very strong bullish momentum so be cautious trading this idea, and as always manage risk appropriately! Confluences: -Failed uptrend line -new lower low -price is approaching 200MA on the weekly chart
and if you cant see it, please put your head in books and learn