After a double top pattern creation in September, SWT was on a correction for sometime. It seems an upward reversal trend is in creation for now and is waiting for a breakout confirmation. If it is confirmed it can construct a 5 wave elliotts wave. RSI is at 57 and 50EMA is under the price. If volume can continue like this we might see a good short term profit....
Background : WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX coin is designed to serve the 400+ million online players who already...
AudUsd long position. Break above Ema. Higher highs. Retracement into support which is supported by an ascending trendline on the 1H chart.
This is exactly why I stay short until we break the upper black trend line to the upside. I would rather buy with confirmation of a break from the range-bound trend to a bullish trend before buying. Continue the move to the apex. If it breaks lower I wait. If the upper trend line breaks I buy. Thoughts?
XRPUSD - double top confirmed In my opinion its a clear short.
Buy Zone : 1250 sats - 1650 sats Mid to Long Term Targets Target 1 : 3763 sats Target 2 : 5300 sats Target 3 : 6842 sats Target 4 : 7784 sats Target 5 : 9552 sats Stop Loss : 1100 sats #TogetherWeAccumulate
Like all the other alt coins in the market RDD was in a long term down ward trend since the beginning of the year with some exceptions of upward reversals in some moments in between. RDD is very bullish for the long term according to the 1D chart and it is trying to breakout the falling wedge pattern and construct a reversal upward trend. RSI is at good position...
Triggers is one of the coins that didn't showed a good pattern reverse since the falling market behaviour in early May. The project is one of the most gossiped one in its early stages but didn't showed the expected outcome. But this doesn't seem it will continue falling. Instead it got a good opportunity of gain as it is said in charts the more it goes dip the...
- Breakout of parallel channel - Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210) - EMAs crossover with price action below supporting bearish bias - Bearish sentiment on sterling with uncertainty looming over brexit - Price seems to be heading back towards the 1.3000 psychological level - 60 pips target with 30 pips stop
1. Introduction 2. Elliott Wave Count 3. Correction 4. Conclusion 1. Introduction The problem with Elliott Wave Theory is it's extreme subjectivity. Finding an exact wave count & forecast is extremely difficult; E.W.'s are subject to error when projecting targets considering there are several different places they can eventually end. If by chance you have...
EURAUD hit my target on the corrective structure break and is trading at the previous high. This indicates a strong possibility of a reversal soon. Contact me via direct message for further analysis Cheers Linton
As stated in a previous post regarding AMZN's breakthrough, it is necessary for the price to display a confirmation movement in order to be qualified as bullish. Looking at the circled area, it is very evident that this confirmation was made today as DIA bounced off of the previous resistance directing itself back upwards. It will take a week or two for a steady...
The USOIL just hit a supply level from the higher time frame (weekly). I prefer to wait for a confirmation in order to take a sell position. the support Below is my confirmation zone, if the price will break that level it indicates the price Tends to reach the support below and even the demand at the bottom. If that happens I'll look for P"A setup for sell,...
As a continuation of the previous USD/JPY idea, we have our breakdown now and the short time is now. Let's watch the price action progress over the next few days. Entry point and Stop level indicated on the chart at time of idea creation. Profit target will be taken discretionarily (no set target) according to how price can go. Stay tuned!
Profit Generator Income Trend Signals USDJPY on the 4H timeframe has just started a new uptrend, currently we have received the BUY signal that we are after. Heavy buying momentum. High potential BUY opportunity. -CoderX Studio
Good evening! A while ago I posted a chart stating I thought the Inverse Head and shoulder pattern is likely to fail. Well, I think I MAY have been wrong! That massive green candle is getting us closer to validation and the target. There has been some talk about an even larger one in play so I took a look. From what I see, it is definitely valid so far. If we...
Yesterday Augur has formed a double bottom near btc 0.0046. This is the 78.6% Fibonacci retracement level which has been rejected previously, back on the 29th of May. But yesterday, REP/BTC not only rejected Fib support but also the 8/1 Gann Fan trendline. Today Augur started to move up sharply, but in order to confirm the uptrend, price has to break and close...