Once again dollar index is testing the 200 SMA, if retail sales disappoint, we could see a decisive break lower.
USDCAD approaching 1.30 level again and 200 SMA. Could be traded as a bounce or a break lower. Today US retail sales release in the afternoon, could give a boost if data really off the forecast. Oil seems to be rebounding today.
Sterling selling on Brexit stalemate. Gap out of the range it was stuck in. Short through the 200 SMA.
A long through the 200 SMA with stop below the swing and 100 SMA. EUR looking strong today.
I'm liking how this chart is looking for COINBASE:BTCUSD . Before we get into it, the 50 Day, the most important for today, is yellow, the 200 purple, and the 21 blue. Yesterday (8/1) we were watching to see if BTC would hold above the green zone of the pitchfork and confirm this potential new trend, and thus far that is exactly what we are doing. The wicks...
*Missed the trade by 2.25 points ( 9 ticks) The entry of 2583.75 is based on the previous day close of the 200 SMA Stop loss is 2 ATR from the entry. Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1. Trading Plan: 1. Set Stop loss (2491.25) 2. Sell half at Profit target #1 (2676.25) 3. Once Profit target #1 hit, shift...
Step #1: Cardano ADA price needs to trade BELOW the 200-day moving average The first condition that Cardano requires to satisfy is to trade BELOW the 200-day moving average. When price trades BELOW the 200-day moving average we know we have a strong premise for a bearish trend to be put in place. The more time Cardano price spends below the 200-day moving average...
Last post: March sixth. See chart . Review: Price had broken through the daily 200sma but was faced with resistance at 1.3000. Update: Price did a pop and drop above 1.3000, pulled back to the daily 200sma and since April, price has been bullish and has now broken March resistance. Conclusion: Applying patience and waiting for the right opportunity to enter...
Last post: May 30th. See chart . Review: Price was very much bullish but faced with the weekly 200sma acting as resistance which caused a pullback. Update: Price is still faced with the weekly 200sma as resistance but a bullish move on Thursday could give momentum to the bulls. Conclusion: Standing aside until the resistance zone is cleared and acts as...
Last post: June 4th. See chart . Review: Price was faced with a strong support zone on the weekly time frame which led to the pullback seen on the daily time frame. Update: Price has continued to pullback deeper into a resistance zone. Conclusion: Continuing to stand aside until a clearer trend direction presents itself. Any comments or questions, do not...
Im ready for a 20k retest to begin the walk to 100k
This currency index is featuring for the first time on our TradingView blogs. Current setup: Price has been in a bullish trend since finding support at a key resistance zone that includes the high of 2008 but is now faced with weekly 200sma resistance. Conclusion: A break and close above the weekly 200sma is required to suggest a bullish trend continuation....
Last post: May 24th. See chart . Review: Price had established a bear trend below the daily 200sma. Update: Price has continued to weaken but is now faced with a support zone that includes the weekly 200sma. Conclusion: Standing aside until price clears the support zone for us to then consider short trades. Any comments or questions, do not hesitate to...
Last post: May 24th. See chart . Review: Price had established a bear trend below the daily 200sma and the round number 1.2000. Update: Price has since weakened further but is approaching key support levels including the weekly 200sma. Conclusion: Standing aside for now until support levels are confirmed as resistance levels and when we will look to place...
Last post: April 22nd. See chart. Review: Price had failed to break and close above January 2015 and the weekly 200sma resistance zone. Update: Price is now trading below the daily 200sma suggesting an overall bearish market. Conclusion: We will be looking for shorting opportunities if this weakness continues. Any comments or questions, do not hesitate to...
Step #1: Cardano ADA price needs to trade above the 200-day moving average The first condition that Cardano requires to satisfy is to trade above the 200-day moving average. When price trades above the 200-day moving average we know we have a strong premise for a bullish trend to be put in place. The more time Cardano price spends above the 200-day moving average...
This is what that means. Bitcoin has fallen below $8,000 this month. The charts are showing something that has investors wondering if it is time to panic. Bitcoin's chart shows price has experienced the first 'death cross' where the 50 sma crosses below the 100 sma. Now the 50 sma is approaching the 200 sma and it appears that the 50 sma may cross below the 200...
It looked as if there was a slight glimmer of a potential bull breakout from this current bear flag on the 4hour chart as the last 4 day candle found a way to close just above the trendline....however we all know that its not an official breakout until we close 1 more additionalc andle above the flag and at the same exact time that 4 hour candle closed above the...