Pretty simple idea. I'm looking to go long on USDCHF, the price is moving in an uptrend and where the next touch of the line is looking to be is also a pretty solid support zone and also the 38.2% level on the Fib and will most likely be at the 20 level on the RSI or even lower. This is looking to be a great opportunity to buy.
NOVICE TRADER SPECULATION: Hello Traders! I tried to make this TA much easier to understand. It looks like on D5, we are approaching what could be a very good long opportunity. LOGIC BEHIIND LONG: -TA -ABCD Pattern -Breakout Entry at the Green Flag. Live long and profit. ZM
As can be seen by the Moving Average Convergence Divergence (MACD), bears have begun signalling exhaustion on the Daily time-frame at current prices, though not yet confirmed with a closing candle. This colorful extrapolations is based on the most recent times the MACD's histogram went below -175 while trading the bear & bull exhaustion cycles, as opposed to the...
The panel on the left shows you an ETH chart, and the one on the right shows you the RSI and volume. RISK: MEDIUM I personally don't see ETH going back up, it wouldn't make much sense for it to keep going up without at least a tiny drawback, considering that it isn't driven by anything in particular to go up, the volume seems to be not corresponding with the...
I've been accumulating GBTC since $4.28 and as I was looking for the next dip to buy more I ended up with this setup idea that I decided to publish. It'd be a nice swing trade assuming we get down to the entry, though to be clear, this is not financial advice - I am not even planning on trading this other than accumulating more at the entry of $9.85 (will...
Using the 2100 & 4200 MAs on the 4hr chart (like a weirdo) gives us the 50 & 100 Week MAs on a zoomed in time-frame. Although we already had the bullcross on these Weekly MAs, on a 4hr chart ("in real-time"), we are now seeing the bullish crossover with the price sat underneath it. This follows two weeks of rejection fom the median of the bear channel, continued...
Hello Traders! Today’s chart update will be on CRLBF – CRESCO LABS INC, potential trend reversal if local resistance is broken. Price is building up near resistance, is a break imminent? Points to consider, - Trend bearish, attempting a higher low - Support provided by the EMA’s - Local resistance being tested - Stochastics projected upwards - RSI respecting...
Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be...
Pretty compelling graphic; the 1.621 BD resonance strongly suggests imminent rollover. This pattern has been long in developing and bulls are reluctant to give up gains. I expected retest of TL at 3010; got to 3003 on Tuesday and fell back to the 0.786 Fib line. Still can have a washout top to test that TL, might get bullish Friday. This feels like an extended,...
Fundamental : Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen. Technical : I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long...
After another fib rectracment has been achieved my biased opinion is short to hit TP1 monthly support then TP2 fib extension -27.00%
EURUSD Bearish Setup on 4hr Chart. T1: Fib 0.61 T2: Fib 0.50
Just studying previous patterns, support/resistance, and fib retracement. I think we may see something like this if everything goes well in the next 2 days. Any thoughts?
As you can see we are going to test the 0.5 fib retracement and the 1.618 of the fib circles both are really good resistance and if we break it we can go up alot but if we gonna reject is which is most likely we are gonna go down again and that means alts are gonna get destroyed once again because of the btc dominance. We shall see what happens the next hours!
GREEN = Buy Zone 1-5 small buys (per GREEN box) Blue = 1-2 Larger BUY Orders RED = Stop Loss Below Here
Previous chart (), with exact same data had strange problems, where some values are double or not visible ) A short term outlook for XBTEUR ( Bitcoin ). Pale pink boxes show are Fibonacci price extensions looking for possible support if move is to south. Green'ish boxes are Fibonacci price extensions looking for possible resistances when moving upward. Fib...