NEO/BTC is currently consolidating under resistance (which is at 2400.) As it sits, we are trading above the 50/100/200 day moving averages, and we have tested that 2400 resistance level several times, so it should be getting weaker and weaker after each test. 2400 was a previously strong support zone, and we see it now acting as resistance. One can either take a...
POLY/BTC is currently consolidating on a prior resistance zone around 2850-2900, and this level has been a pretty important pivot point in the past. If we can continue to hold this level as support, then POLY might look to move up to higher levels. Beware of Bitcoin though as it may be making a decisive move sooner rather than later. This is a high risk trade, so...
on the chf/jpy chart, I see a triangle pattern which starting consolidating and showed clear support and resistance. on the lower time frame, I have seen a reversal pennant which should hopefully respect the support zone.
Fibo 0.62 retrace from Mar/Apr lows to the Sep high intersects lower support trendline at 24750. Lower is possible, but... just sayin'.
See Chart: res ipse loquitur.
The downdraft should stop and pivot somewhere between the two support lines in chart. Should. Might.
Expect a 0.50 retrace up from the pivot before next move.
Expect another flashcrash to test the...
Hey tradomaniacs,
pircutres say more than words. :-)
I hope you`ll have a great start into the new week.
Peace and good trades
Irasor
Trading2ez
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Any questions? PM me! :-)
NEO (charted in dollars on Tradingview) is still consolidating, but still has a bearish pattern break.
The ADX has run flat as the directional index lines tangle up to show no direction. The break of the trend line was there, and the objective is still in play. There is not enough momentum to switch trend back to the bulls, so a slow move toward the objective...
Hey tradomancias,
here just a quick overview of Nikkei225 which is moving inside an acsending triangle.
How do you think will the future look like?
Some facts about the globale situation:
1. S&P500 0.09% = 7% Plus since Years begin
2. Globale Stockmarket (measured on ETFs) = -7%
3. Chinas Stockmarket = -19%
Question: Does that make sense?...
2-year topping pattern which has broken out and been consolidating. Ultimate pattern target around 5.90.
Currently in a triangle that has yet to resolve itself. A break down from this small triangle would be a low risk / high reward entry.
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock Trader.
For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and...
In my previous post I failed to notice that the gas tank was not full. After a quick trip back to boring...should be good ready very soon! (will possibly finally lift off without BTC)
So I hear a lot of people talking about how LTC is going to crash because it failed to breakout last night. They are on 1 minute candles - cocaine candles we call them.
Last night wasn't a breakout, because LTC is not trending. It is consolidating. And it is reaching the end of it's consolidation phase.
Buy the support (purple box) with a stop-loss at 215...
After the recent spike in price due several reasons (one being LTC entering the Korean exchange?), LTCUSD is showing triangle pattern towards perhaps a consolidation level. This level also happens to be located at a fibb retracement level. Where the price will go at the end of the triangle is unsure but it might proof to be a new strong resistance/support...
Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level
D1 shows the overall trend is still down with price holding above below MA200.
However, for the last 1-2 weeks, price shows a great rejection from the bottom and bouncing up higher.
Currently in H4 and H1,...
-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence
-lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x
-higher time is in uptrend- pulling back and in area of support
NASDAQ 100: Having surged right up to FB results both are temporarily spent and consolidating recent gains. FB is still vulnerable whilst below 151.55, which means this index is likely to experience more sideways movement too in near term, but it's still positive whilst above 5573
