I published an idea on this a little while ago, with some minor modifications the formation still looks to be intact. Indicators show the stock to be nearing oversold territory. As an added bonus, a Morning Star Doji formed today, which would be confirmed with a gap up tomorrow. See the link to my original idea for more information.
I posted ETHBTC idea week ago with possible short opportunity. Profits from short were all erased with ease by quick long move. This price movements is suggesting that market found strong resistance in 50% fibo level, creating nice support area. Fibonacci levels, specially 50% level is fairly respected by market since big movement and it is holding pair above it...
I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis. I wouldn't trade bat pattern on its own but company of solid GAP...
I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I...
I wouldn't scrap this trade just yet. When we look at 4H chart it is clear that 200 EMA is creating some support. Our main support at 0.000010000 level is not touched yet so I would stay with long position. I still think that the pair will go north and it is matter of time. If for some reason price will go further down, I would close position beyond 10000 level.
4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by...
Golem had some interesting price action within last month. It is visible on this chart that the pair established strong support around 0.000063000. First attempt was stopped with engulfing candlestick formation, second attempt was hold and we can see nice doji candle, then the third attempt which holds pair above 0.000063000. I would recommend small stake for...
On the weekly TF I traced the balance zone and its control price. After many attempt to go through the control price, once it did, a strong rejection formed itslef. Now the price is edging a important trendline. Upon its break I'd see price go the 1200ish. Maybe more after some correction. This is a good trade with a good risk/reward ratio Entry approx. :...
Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March...
This is detailed analyse for my previous idea on Weekly chart : As we can see on Daily chart pair found support at .00200000 which hold pair for some time with probability that this support will give a boost to the pair to move higher. I set SL and TP for long position. I suspected that 200 ema will come with help if the pair will decide to consolidate for a...
I'm observing this pair for some time. There is interesting double bottom formation visible on Daily chart. Important here is fact that it bounced from psychological 0.0010000 level which is very powerful indicator for trend reversal. Double bottoms are very rarely perfect but this one is very close to be one. What I would expect from the current chart is that...
Here i left a 4 Reasons to take this trade . 1) Downtrend 2)Bearish Bat 3) Doji 4h Candle 4) Rsi Overbought I hope that you have a nice week and a profitable month .
What I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for...
Here I have spotted 5 doji candlesticks in a row which may result in a strong bearish or bullish move. I have seen a strong bullish candlestick so I will wait for further confirmation (current hour candlestick) to enter a long position possibly. I don't believe a strong retracement will take place due to the indecision prior.
I marked the candle formation engulfing plus doji created very strong support in area between 0.000001100 and 0.000012000. I would go long here with SL set just below 0.00001150 and TP close to the highest form last year. The GAP on the daily chart should keep price low for some time, if the GAP will be pierced and daily candles will close above the GAP I assume...
Price stopped at trend line forming a doji candlestick pattern. RSI is overselled. Probably is time to expect rebound.
I marked three GAP's on the chart. All three of them are based on the Daily chart and as we can see here, all of them are respected nicely. Doji candle from third of march to me is good sign for long position. I think that the price will go above 0.00010000.
This fairly new market has its own psychology of trading. I found that many times crypto crowd follows simple technical formations. We can see here very nice double bottom with Doji candle, plus square number which it seems that is respected by crypto community. 0.0020000 was respected twice within the 3 months. I assume that this pair will go up and it will soon...