This seems like it could go two ways. If it breaks below the support then we could expect a continuation in downtrend heading to newer lows. (Red Area) Or if it breaks above resistance then we could expect the bulls to take over. (Green Area) You can set your targets to the lines in yellow if you're following. Just my analysis. Do not take my word for it.
The Analysis -Price have been moving in an uptrend respecting the support trendline -Price broke trendline and made a retest We will be anticipating the price to drop to around 0,64629
I don't normally use trendlines as much but I noticed nice price action on a broken trendline with a retest. We also have a moving average cross over and Fibonacci confluence. Potential downward movement. I always look for at least 3-4 confluences/confirmations before entering a trade.
I feel as though we have lost confidence in the 230's, which is a shame as it would have been super bullish to hold that valuation. alas, we must move forward despite the direction. Let's say we fall for a bit, what shall occur. Well as you can see, we have a strong lattice of long term post covid support meeting with previous descending resistance lines, each...
May 10th and May 25th considered deviations. Clear support trying to get in order with the the uptrend. Deviations make triangle much more symmetrical. Breakout might occur here due to eth and ada having the time of their lives. Injecting a more positive vibe into the market conviction. that being said, I wouldnt be surprised to see a downwards movement towards...
oxt has had some crazy spreads. Remember to ignore wicks when needed, as low maker volume will cause price jumps. OXT is forming a clear triangle, and has been ahead of the market by roughly a day and a half. There is a good chance it may be stalled to see if eth will continue it's climb. Small accum begins around 0.1975. Larger accum if it falls below 0.1950
- Double top on H1 broke the valley low - H4 "double top" was strong rejection candles with long top wicks - hit previous structure level on the 4 hour chart - Moved back up to retest the valley support, now acting as resistance - Doji candle printed on both H1 and H4 at resistance - High volume bars on the most recent move down off our highs - RSI was heavily...
I'm pretty sure that MSFT is about to decrease because of a signal before the range. To enter the market, it is important to have a confirmation. MSFT to watch closely.
Hello traders! This is a chart to trade any symmetrical triangle. After the breakout to any side we will suddenly see huge buying or selling position, this huge pressure will change the direction to other side. According to my analysis i am expecting a breakdown and upmove to 1776. I have closed my previous buy position and waiting for confirmation. Hit the like...
Low is swept If price doesnt break the current lvl and later get rejected, bears are in treat, I'll look for short entry. On the other hand if this lvl gets confirmed as support, this could be the best trade of the year for me!
I used support and resistance on the 4HR timeframe to see where price could go next. My analysis shows that it may be bullish if it does bounce off of the support trend line. Plus I will be waiting for confirmation before I enter the trade. Let me know what you guys think.
To enter the market a confirmation is needed to know exactly if it's better to buy or to sell at this point.
MANA broke above triangle pattern & MA's and has successfully retested support.
I re-created a trade I executed on a demo account I've been using to test this idea. I've been working on this strategy and, more importantly, my patience for the past 6 months or so. I'm Wondering if anyone else uses something similar to this when looking for entry points & confirmation. I'll do my best to explain the thought process on why I entered long,...
Seeing the first retest of the zone from the US30 - (Dow Jones) We have our supply which has yet to be retested on 1hour, 4 hour. However we have to break through the current zone on the 30min chart. Targets are set as always we take our pips and leave - and leave a runner to possibly make the full target. However - as the momentum has been good for the last...