Wait for the breakout. ill say buy, if it breakout :) Sell, fib extension 1.618. 1:1 target
Ever since the bullish hammer spinning top 1 2 punch combo we've been on a nice up trend. yesterdays day candle finished strong right under the white 38.20% fibline ($10400) which was the previous 4 hour candle's line of resistance but has become the current 4 hr candle's support line. Yo can also see how the current 4hr candle dropped a wick down that bounced...
So we had a crazy plummet yesterday. We were long overdue for a retracement and this one was caught by the double reinforced support of both the 50EMA(in blue) and the bottom trendline of what I originally thought was just a channel..after adjusting it to the recent price action I have discovered instead it appears to be a an ascending wedge. The pice has stayed...
Between COINBASE:BTCUSD and HITBTC:LTCBTC , I must saw I'm more bullish about HITBTC:LTCBTC . I think we can all agree that the lower transaction time and cost make HITBTC:LTCBTC more competitive. Buy-in and sell points for HITBTC:LTCBTC , at least in the mid-term, are indicated by RSI deviation above and below the channel with a rapid increase or decrease...
waiting for Guppy-EMA to signal a buying opportunity to catch a potential wave 5 rally
Ashley Services Group has begun a new uptrend. This is marked by the breakout on significant volume of the 200EMA (daily). The price has consolidated since the break for a number of weeks. The exit for this position is set at two days trading below the 200EMA, or one day if the move is a significant break. My entry at 18c is limited by 9% downside to the...
Todays candle has been stuck between the T-line(yellow) and the 200 EMA(orange). Being that the market is currently bullish and we finally closed above the t-line yesterday I anticipate the candle to eventually break and close above the 200EMA when it finally gets squeezed over it by the t-line. In the meantime I anticipate we will see the candle wick below the t...
So the one of the last 4h candles FINALLY closed above the 50 EMA. Prior to that it kept getting pushed below it like a a bully to a kid on the playground. The following 4h candle opened and stayed above the 50 EMA too, so that's great. We have stayed in a tightening range which is pushing back against the resistance hard, bulls are starting to wake up. We have a...
Since BTCs decline from its all time high in December you can see it hasn't gone outside of this downward channel (in green) and today so far seems to be no exception. Another extremely reliable line of support BTC has not dipped under and has in fact bounced off of several times in the last 6 years or so is the 200 day exponential moving average (blue line) on...
All indications are that XRP is heading for a major nosedive, after yesterdays rumours of Coinbase listing XRP during routine maintenance didn't come true we saw massive sell volume and XRP dropped from around 11100 sats to this mornings low of below 10200 sats. We keep seeing oversold indicators but then very little buy volume, 70 and 100 ema are well and truly...
4H : - Up trend - Level : Trendline - Signal : Ok => Stop Loss : 0.00013760 ; Take Profit : 0.00018200
At 200 Ema support 88.60. In 2014 price broke out of this zone with a strong move, but never came back for a retest to validate this zone as support. Now we may have a potential retest to this level & price could potentially be making its way up from here.. Previous resistance now support. Lets see how next months candle opens up!
guys we find cypher pattern on cad/chf it is nice opportuinty to go long with the confluence of 200 EMA and with RSI over sold if its complete look for buy setup at point D stop below X level i will update you ........ regards: HAMZA MALIK
Eversource Energy (ES) has stochastic divergence at the breakout point of a falling wedge on trend line support. 200 ema touch. Reversal Candle. Buy: 62.10 Target: 63.18 - 64.31
I decided to add another idea for this pair. Most of the ideas here are bullish and to me it looks bullish too. My trade is set up so risk/ratio is 3:1. There is solid GAP marked on the chart which was playing and I think still plays big role as s support/resistance area. I think that the pair will reach 2.000 level soon and hit that 1.618 Fibonacci level as well.
Usually don't trade exotic pairs, but here I see a nice potential opportunity. Price is sitting on broken resistance now turned support, rejecting the 200 EMA & is in consolidation. Will be watching for a break back below or bounce back to the top of the range & potential breakout of the top for uptrend continuation. Lets observe how it plays out there is a good...
It is not much here on the chart. What I found is that top of the upside down head and shoulders formation touches the lowest lows from last 2 years May 2016 and August 2015. Those two lows created very strong support/resistance area. Pair is rejected perfectly from this level. From my experience Upside down head and shoulder formations are very good sign...