ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the upside to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
Eth 3 day chart looks interesting here, could it possibly break up or do we think it could fall back first. Above 50,100 & 200 MA on 3D chart, made a very slight LH instead of LL last time. Let me know what you guys think, 1 2 or 3? Which is most likely in your opinion? Please comment and let me know your thoughts.
inverted head and shoulders potential 4.4% from entry
BTC - update, 8h looks as if it could break either way here. Either long off the bottom of triangle or wait for the breakdown and buy at blue box. If it drops and hits the box that's a great buying opportunity I think. Currently ETH looks more of a clear set up so I am already looking for entries so I will not entering btc here.
NAT - Broken downtrend with very high volume, Divergence on macd from last LL's. Above middle bollinger band. Breakout volume biggest ever monthly volume by a mile.
STNG - With oil prices so low and demand reduced due to corona virus there is excess oil needing to be stored so bullish on tankers for next 1-3 years. 2/3 last times it has broken middle bollinger band on the weekly chart it has done 100% moves, the other time 30%. Could be forming a nice curve bottom here. Volume increasing. Needs to get above 50MA and will turn...
ETHUSD wait for HL for entry off fib levels.
Spx500 8h -Bearish possibility - Enter off LH which is also right shoulder. Already hit the 61.8 fib level at last high and rejected. Currently 200MA is acting as resistance. LH on macd, divergence starting. Bullish possibility - Stop loss below last low, market structure says bullish. Strong bounce off the lows.
Noticed pull back between 61.8 and 50 Fibs level looking for continuation of down trend at time of entry small inverted hammer enty on @ 558 (10x) stop @ 557 above 61.8 Fib level 1st TP @ 533 2nd TP@ 511 expecting trade to play out in 3-4 days
I still find Bitcoin to be stuck in a HTF down trend channel leading back from the high mid to late last year. I understand some fundamentals at play with the halving coming up and the Hash ribbons indicator indicating the minors are accumulating again but on a technical stand point of view where we are now just seems like the idea position to trap a lot of retail...
Eos hitting low on the daily, lots of support at this area I'm seeing a big long position, my stop loss is a bit tight..... Lets see what happens???
Failed to make a HH here so far and also a bearish daily candle here, wait for a new HL to form before considering entry. Macd losing momentum as well.
Two potnetial entries for a long on BCHM20: 1. If price comes down to demand zone, stagger entires in the zone for a long up to 3363. Very tight stop loss as not a lot of structure under the demand zone. 2. If price breaks resistance at 3200 and trend then long to 3314
ADA in an upwards bullish channel. MACD + histogram cross, wait for a retest of the trend to get the best entry and long to top of ascending triangle within the channel.
Have re entered short on AUD, looks like I entered to early last time. DXY looks bullish to me and with election coming trump needs to pump USD so have taken two shorts, NZD and AUD. Have three positions here one being the moon shot which will hold for a couple of weeks slowly dragging stop loss up. I do think there is a possibility NZD and AUD make a new LL on...
Have re entered short after last take profit hit. Have 3 positions with one being a moon shot that I will judge as price action unfolds. One I just added as it looks as to made a new LH but scalp is only a small position. I think it will bounce at around 0.5855 for a pull back then continue down for the next couple of weeks.
EURNOK looking very bullish here, had a massive push up and now falling and found support on the 61.8. On smaller timeframes also had another small push up and found support on that 61.8 fib again. I think a retest of at least 50 or 38 fib levels as marked.