Ethereum made a new all-time high, rising over 20% from its previous ATH. Let's take a look at how you can trade Ethereum and take advantage of these uptrends.
Finding the Trend:
To make a successful strategy, we should start by identifying the trend. We can do this with the help of a trend-following indicator that will act as a filter. The MESA can work well...
$MESA traded with a substantial day gain of +9.01%, closing at a 52 weeks high of $14.16 this morning. Share price of $MESA have doubled from $6.80 within a short span of four trading weeks, upon breaking out of a Symmetrical Triangle chart pattern with flattening volume and implied volatility over the course of two months. This price action behavior also...
This is my personal opinion and view of the market...
My own strategy suggests a sell, have some buyers trapped, expecting the triangle to breakout upwards, however I dont think so, I entered the position already as a short, this are my stats:
Entry @ 0.72609
TP @ 0.72101
SL @ 0.72905
Lately, I been going against the crowd. After 90% of all traders loose money, so I won't be going short in this one as many traders are at this level, but long. Just as how I did in my GBPJPY idea in which we took some profits home!
This one is only one take profit, more than 5% of sellers are under 0.8995, so the price will most likely go up in my personal...
We are never shown the real picture until its too late... If you ask me right now, ill never go short even if it seems like we are at a major resistance if you see it through technical analysis... Too many bears are at this small range (highlighted in purple), and so I believe they will be wrecked. Stop loss is tricky here, im just guessing...
Im personally shorting EURCHF at this time, a single take profit.
1) Sellers have open orders @ 1.075, which are real orders and not a spoof (type of manipulation) as they are resisting, so this is a real resistance level
2) There is a support @ 1.07450, however it does not appear in the order book. My best shot? Hidden orders, which means someone does...
What Is The Average Directional Movement Index (ADX)?
The ADX is an indicator used to identify the strength of a trend. The higher the value of the ADX, the stronger the trend. Today, we will explore how you can incorporate the ADX in your trading!
How to use the ADX
Because the ADX determines the strength of a trend, it works best when paired up with a...
Bitcoin has retested the support at 8,500$ after having dropped more than 20% from this year’s high two weeks ago. The price is now moving higher and retesting the resistance at $9,000
Trade with the trend
Bitcoin has some of the most spectacular swings out of all the assets in the world. It can rise hundreds of % in an uptrend...
I just entered a position in USDSEK for short. As both a Doji star, and a bearish engulfing have formed in the 2H inside this resistance area
Stop Loss : 9.42153
Entry : 9.38561
Take Profit : 9.26336
TRON is touching an important area of support right now @ 0.02728, and the price might move upwards all the way to the 200 EMA.
This is only an idea for crypto traders, im not taking any position as the ratio is only 2/1
Ill take this trade if the price follows this instructions:
1) Price reverses from the current position, all the way to an important support @ 0.98486
2) When at support, ill take the trade as following:
Entry : 0.98486
Take Profit : 0.99355
Stop Loss : 0.98276
Ratio : 4.14
Good luck and happy trading!
Ill enter the AUDUSD trade after the following steps are followed.
1) Price reverses back from 200 EMA to support at 0.69148
2) Then ill go long, following this info:
Entry : 0.6919
Stop Loss : 0.69081
Take Profit : 0.70171
Ratio : 9/1
Good luck traders!
Hello traders, this is how I will trade EURUSD if the chance is given.
1) Price must reverse and re-test support level at 1.12049
2) When price hits that support level this trade will follow:
Entry : 1.12049
Stop Loss : 1.11907
Take Profit : 1.12947
Ratio : 6/1