USDJPY Timeframe: 1D Direction: Short Confluences for Consolidation Period: - At support of Medium Term Trendline (established since March 2018) - Price action hovering at 61.8% Fibo line of Recent Highs and Lows - Overlapping of Oversold Stochastics Confluences to Watch for a Sell - Bearish candle formations - Stochastic Overbought momentum wanes (if...
Huge move for bitcoin expected. Those are my main TA sign for a bullish move 1. Double Dip in RSI & $ price ($5750-$6000). 2. Consolidation, BTC went almost stable. 3. Curve trend movement, correction seems done. _________________________________________________________ Very buy, because expecting it would go much lower, might be the new wishful thinking in...
- Bearish divergence on the H4 using stochastics - Price seems to be rejecting the major daily resistance level of 114.33 and started to consolidate on the H1 before breaking out this zone to the downside - Could see price heading towards 113.00 as it fulfils the fibonacci 38.2 level on the D1 as a well due retracement after consecutive bullish moves
Hi BCH is forming a decent sideways movement seen on the 4-hour chart. There is support on the 100 and 200 EMA and it could be the correction of entire Elliot wave count. LONGS could be setted up here with Stop Loss under the bull pennant. RSI is in the neutral zone that means we can go higher or lower (by RSI definition ;) Enjoy
Symmetrical triangle usually forms during a trend as a continuation pattern. so there is a higher chance of breaking out to the DOWNSIDE
For XRPUSD look for consolidation between .50 and .60 and wait for a break either way... maybe above the top red trend line or the red 61.8% level to the downside. Buy stops likely placed above the red trend line or sell stops placed with a 61.8% Fibonacci break to the downside.
In the last consolidation breakout I posted I gave a 5 hour window for a breakout. Perfectly in the middle of that, 3 hours after posting, we got the huge drop from 7450 to 6950 on August 4th. Now we have an even bigger setup for a breakout, with a smaller setup inside it. Our major trend lines converge 12 hours from now (01:00 UTC, 28/08), and our minor trend...
NYSE:STM * CCI showing buy signal for STM. * RSI basing for uptick. * Fib retracement indicates bounce coming as STM has shown zig zag resistance push for awhile. * Zig Zag consolidation breaking out Tech stocks ready to recover, unless you make AMD GPU's. Sales are up over last year. 3-yr EPS growth 98% and ready to break 25 with right conditions, but easy...
ECHO has a zacks rank of 1 (strong buy). It pulled back to the 61.8 Fibonacci retracement level on the wick of a bullish candle. It is also consolidating around this price level. it has also closed above the 20sma.There is definitely some historical resistance overhead, however, I believe it can break above this level due to the fact that earnings have been doing...
Pre-called 2802 and saw it touch today. There is strong support on upper channel trendline; doubtful we will see retest of lower channel line, barring catastrophic geopolitics. Expect more turbulence and consolidation at this level just above support in the 2810 - 2840 area for a week or so; eventually should breakout thru strong R at 2640. This is not advice...
ETHUSD Ethereum seems to have only two phases: consolidation and acceleration. It is important to notice that in all the consolidation periods, the green moving average has been a good resistance and a good level to open short positions. I except Ethereum to go below $300 in the next days and the best price for a short position is around $330.
ADAUSD Good opportunity to short Cardano right below $0.13. 1. The setup of the moving averages is turning bearish; 2. The price broke the up-channel; 3. The price is in a consolidation phase after a strong down-movement. Next Target: $0.11
pairs been consolidating for a while now, its forming a bull flag. i can also see lower high but not higher highs . i see a clear strong resistance ( might be some bank or hegde fund or someone with big money to push the pair down) but soon they will run out of money and the chart will just go where there is least resistacne ( my guess is up). i might be...
If price can break 1358 id be looking for longs. if price can break below range 1310 id be looking for shorts
Consolidation on the hourly setting up for a big move. If we break out of this consolidating channel before the trendlines converge I'll be looking to follow the breakout direction with a short at ~7410 or long at ~7470 for a short term play.
I'm long DK because it has a huge base. You get it?? Seriously though, after that massive consolidation, it better rise fast.