How confusing ETH/the whole crypto market can be these days?
Personally imo*, and by the way it looks for now, this is highly likely to be a falling wedge(I repeat HIGHLY likely!). This would be a good long shot at ETH, with a possible stop-loss, if and only if the bottom channel of the Falling wedge is decisively broken(Great risk/reward shot here). Why would ...
Right now EURUSD hit support symetrical triangle, we can set buy long from here.
we have 2 target for this setup :
1. at symetrical triangle resistance
We can set our target at symetrical triangle resistance (160 pips), and wait for break out.
2. If EURUSD success break up this pattern, we can aim symetrical triangle projection at 1.2089
Open long : 1.1565 (at ...
Two possible situations on AUD/NZD
Long Idea - Head and Shoulders pattern
Short Idea - If the first idea was successful you can short it at 61,8 fib (red zone) because we have a bearish Cypher as well.
I will look closely both of the situations.
Dear all,
Here is a trade setup I'm taking on SALT.
The coin had a extensive retracement, now price has printed a double bottom and daily RSI is showing a bullish divergence.
Several resistances in front:
- the previous support of falling wedge turned resistance
- Falling wedge resistance
This is a long term trade and I highlighted in green my TPs zones.
All ...
The 4-hour chart of USD/CAD has formed an bullish gartley pattern.
Hence, we expect the pair to be bullish and resume its uptrend.
For further updates of this analysis, kindly follow our premium analysis.
Setup
1st Bollinger Band (BB) default deviation (dev.) 2
2nd BB dev. 1
Upper Range ( UR -7.79% ) is space between the upper dev. 1 and 2 bands
Upper Mid Range (UMR) is space between 20ma and upper dev. 1 band
Lower Mid Range (LMR) is space between 20ma and lower dev. 1 band
Lower Range (LR) is space between the lower dev. 1 and 2 bands
Trade 1 - Green ...
BLRX
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Target area represents 0.618 retracement and mid zone of trading range
Price broke past mid zone of inner channel and 0.886 retracement
S/L below bullish prior signal bar on 2hour time chart @0.96697
T/P at confluence zone @0.97627 area
RSI confirming upward price strong momentum
Risk/Reward 1:3
(Sorry for the messy chart hehe)
I have spotted an interesting trade setup on EURAUD - it looks like we are bouncing from the support @1.57257 and heading towards resistance @1.58 and 1.58416 (these levels are approximate, please don't take them literally). You can see that EURAUD is moving sideways from 25th June - which makes this range very strong.
I personally opened long positions:
SL: ...
A Bullish pennant pattern spotted on OANDA:EURNZD, along with a Hidden Bullish Divergence found at the .618 Fib level of the June 28 bull run which started the pennant following an even stronger bull run started June 14. Stoch also on under sold territory.
Measuring the distance from the previous high of the move that started the bull run on June 14 up to the ...
Look at the MACD divergence forming on the 4Day chart... Put TP near previous MACD divergence...near $12,000. Looks like the BTCUSD pair will probably go up to take out those short positions that have ridden down the mountain side.
