Testing out a new trading technique using Bollinger Bands on the RSI, price should retrace to the suggested buy area and with ADA being in a triangle, (similar to the XRP pump in September(i think??)) and currently down 89% from ATH this puppy should moon, if all goes to plan it'll probably blow my targets out of the water.
Take a look at this pair. It is shaping up very interestingly. it just bounced strong off a resistance band showing signs of weakness. However, bare in mind that it is descending in a downward channel.. that doesn't necessarily mean it has to revisit the top trend line - it could very realistically descend while hugging the bottom channel line and ...
The correction continues. China Downgraded our Credit on January 25th and we finally saw the first correction of the year.
The trade war is just starting to heat. Expecting SPY to touch 248.21 in the near future with a year end target around 308.00
Buckle up bulls or come back near 248.21
Hi, my first idea here. Please feel free to share where you think I can improve. Thank you!
I believe in using fundamentals to set my direction and technicals to time my entry.
Fundamentals: Long GBPUSD
- The 4 rate hikes in 2018 and 2 more in 2019 is almost fully priced in. The USD has enjoyed its bull run, but I believe it's time for it to come to an end.
The Pair seems to be playing within this upward channel.
The goal is to enter at the bottom of channel and ride a quick wave up to the top of the channel - whiich coincides with the beginning of the recent hard fall.
Caution turbulence on the way out - many fakeouts in the middle of the channel as we go through resistance bands.
AUD / JPY has been trading in a range since march. I have been selling at R1 and buying at S1. This last attack on R1 has been pretty aggressive so i will be watching for any weakness of R1.
Notice that despite being in a range, the channel has down a pretty good job of predicting the outer price bounds. Also notice that the channel has had a slight ...
Hello This is simply to educate others.
Daily chart for TRX/ETH is consolidating.
- Macd has cross over to the down side on Daily chart.
- Stoch RSI is pointing down
- Based on Bollinger bands We can enter around 0.00009230 eth for a possible move up (ASSUMING there are bullish signs and the weekly chart isn't pointing down as well otherwise we will continue to ...
EOS has had a very nice pump up to $22+ but its been long overdue for a healthy correction.
Looking at TA, it has broken bollinger band middle support line, has topped out with high volume, and has begun its correction.
EOS has been the most highly traded crypto in terms of volume, even beating out bitcoin on bitfinex the past few days - very many people FOMO-ing ...
This is at a 9 year, 3 standard deviation high and is extremely over extended expecting reality to set in somewhere near. 84.00 a share putting it still at the 95% for 9 nears but at least it should have wiggle room for more up there.
major resistant there at the mean of the system for the last 3 months center red line at 271
The mean is also 271.00 for the arbitrage band and the intermediate band ( 1 Trading Year) is out of space
so needs it needs to correct to it's over sold position ...