Price Action: Bearish
Pattern: Break of daily support + 29 EMA *still in corrective phase
Long-Term Momentum: Bearish
Short-Term Momentum: Bullish
Bias: Short
Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support
Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term...
As predicted in my analysis last week, Ethereum has begun blasting off. Prudent traders were watching the bullish flag pattern that had form and watching for a breakout of the upper channel of the flag. Due to the very large size of this pattern we could see quite a large rally in the days, weeks and even months ahead. If this is a pattern you are trading or...
We might go further down toward 7600, or we can go from here, 4h RSI seems on the spot for a reversal of the downward trend, and call me crazy but on the 1d range seem to be appearing a bullish harami cross, so maybe all what we need is consensus 2018 to start, so we can finally have enough momentum to break 10k towards 15k
Another trade opportunity for altcoins - AION/BTC
Massive "Railroad Tracks" candlestick formation, definitely wait for candle close if You want to open Your trade!
Fib is currently at a very good level, nice bounce from there!
Very good trendline setup, nice big and smooth waves on the trendline!
So there is nice technical price action and AION is strong coin...
Several factors pointing towards a long bias, including:
3 month trend line support test
supply level turned demand level breakout retest
fibonacci cluster zone
reversal candlesticks
looking to go long in the current zone, with target at next supply level marked in red. 3:1 reward: risk ratio trade setup.
From the Ichimoku Cloud 4 hour Chart, OANDA:GBPCAD is looking to like a downtrend. This trend should last for couple of days as a downtrend. You should look to have a take profit between the 1.73000-1.69000.
Seems to me that right now there is no bearish movement in Tron, it has been growing strong! And also seems that Tron isn't very influenced by bitcoin anymore, according to my analyses bitcoin has been stable during the last days, dancing arojnd 9400$, while Tron is growing! Bullish candles and bullish pattern while we get close to 0.09$ region and face...
Giving credit to Real Life Trading with the 'one-white-soldier' candle pattern it might not be showing a high amount of power but it surely seems to be there and at a bottom of this ticker's burn. Take $CRUS bullish?
I'm working on a new technical analysis indicator that identifies candlestick patterns through an AI algorithm. Today it spotted an outside reversal candle on #MELI right at a very important support.
What do you think about it?
We just gota shooting star on GBPJPY 0.20% daily which pierced right above the daily and weekly (!) trendlines as well as 200 ema on weekly. I expect a potential massive drop down to 144.890. The first tp1 would be 50 daily fib level . Tp2 would be daily 200 ema . Once price breaks through that next target would be 0 fib level. Strengthening of yen as a safe...
We just gota shooting star on GBPJPY daily which pierced right above the daily and weekly (!) trendlines as well as 200 ema on weekly. I expect a potential massive drop down to 144.890. The first tp1 would be 50 daily fib level . Tp2 would be daily 200 ema. Once price breaks through that next target would be 0 fib level. Strengthening of yen as a safe heaven is...
As you can see from the charts, I have simply pointed out the previous candles which was again formed yesterday on one day chart. Powerful reversals had been started after this candle in the past. Although, it is not guaranteed that such candles always lead to reversals, but this definitely seems to be a bullish trap until it crosses 12000. Until then I would day...
After having several distribution days in the last half a year, with the beginning of 2018 the Nasdaq has further accelerated from its usual uptrend, only to have a sharp 10% decline with volume increasing. It broke the previous highs later, but on miserable volume, followed by other high volume selloffs. The recent rally back to the 50 day Moving Average is also...
Looking at the daily we can see the second edge of a cup forming very close to the most recent high of 7250 sats. After enjoying a nearly 55% run up that began April 1st SUB has found previous resistance and is beginning to consolidate. As Price enters the cloud on a TK cross it may well go Edge to Edge and break out as the cloud squeezes which could create a...
Low risk / high reward. High probability "go with a trend" trade. On 4 hrs timeframe we also bounced off 50 ema and upper side of bollinger bands. On 60, 240, Daily and weekly we are in downtrend - all below 200 ema.
