Daily - Expecting a pullback to the most recent area of support, which also lines up with the 50ema. We have seen several rejections of the descending trendline and the most recent resistance area. 4HR - If we drop down to the 4hr we can see that price broke the ascending trendline, if we get the pull back expected, and a retest of the descending trendline, I...
Closed above the most recent support area and 50EMA. If next candle opens above the support, will be looking for a short term buy up to the next resistance, with a nice small stop below the most recent low.
Nice rejection of the 50ema, descending trendline and the 0.71 fibonacci.
We have had a nice rejection of the 50EMA and the ascending trendline. Will be looking for it to reach the previous high so may be a longer hold trade
BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days... Also in play, what could be considered the Left...
If price fails to break the descending trendline and 50MA will be looking for another buy on this pair.
Just a quick idea that shows how, as the Covid-19 crisis worsened, the RSI "Death Cross" clearly indicated the huge drop off in price that was about to occur. Conversely, despite record unemployment claims in the US, when the RSI "Golden Cross" recently occurred, the price was able to break through previous resistance.
Looking for a break and retest of the trendline, a break of the 50 EMA, both of which line up perfectly with the 'golden pocket' area of the Fibonacci.
COINBASE:BTCUSD BTC Scared the hell out of all of us last week but it looks like sunshine could be on the horizon. Development of a rising triangle during recovery 4H volume looks like its dropping towards something large 1H volume looks like we have one more "Shoulder of an incomplete Inverse H/S pattern" dip until this larger 4H move 3 Consecutive higher Lows...
ZecUSD Reclaimed 1H 200MA Sitting idly by at 29.0 flat. Looking at every alt and major coin, everything looks like it is posturing to do the exact same thing ZEC just pulled off. Zec Will retest its 21 and 50 1H MAs then attempt higher again. If it holds a 4H bar above the 50Ma Things start looking much better above.
Hi Traders! The market is in a strong uptrend. As you can see, the market is in a healthy uptrend since 20th February. From then (price was around 1.08000) the market started moving up. After that the market made a retracement move. It retraced from the first pik (1.11800) towards the support (1.11000). Then the market moved up again and made the next higher...
I'm short on $AAPL due to COVID-19 and their earnings report sometime in early May. My personal PT is in the range of $255-$250, GLTA!
My fellow traders, on the weekly chart we can see that we are hovering just above the 50 moving average and just at the bottom of the Ichimoku cloud. While this could constitute a strong support and allow for at least a small bounce, there is a high risk for momentum to carry on to next week due to this strong bearish red candle. If we do break though we could...
Hi Traders! The market is in an uptrend. It moved up slowly until the Resistance at 1.29900. Then it made a Retracement-Move. After that, the market shooted up with high Momentum. Now the market makes another Retracement Move. It seems like it'll retest the break of Resistance. The Support AND the Trendline AND the 50MA are giving support to the market. We...
NZDJPY has been in an uptrend in the Daily timeframe and has approached towards resistance. Currently awaiting breakout, retest and a reversal signal for a low risk entry
Wyndham Hotels is looking poised for its next bullish leg higher. The stock broke down through a bullish trendline but was able to find support along the 50-EMA line. The daily volume is showing that buyers are showing up as the price seems to be rounding out of a bottom & the RSI has risen above 50 as it exits an oversold condition. My price targets are noted on...
Could this be the turning point for XLM at this time frame?
Charles Schwab gapped up back on November 21st, I believe that may have been related to the news that they were looking to buy TD Ameritrade. Since then, the stock has consolidated but managed to hold its gap level. The stock seems ready to exit an oversold condition while the RSI level held its 50 mark. The gap up in November has allowed a Golden Cross to occur...