Rolling along learning what I can from TA course on another site. Today's question regarding Swing High, Swing Low and Fibonacci levels. Where would you draw it? Do you think this would be a correct placement?
I wait and watch the outcome as always.
Still think Salt march's/trudges/scrapes back to the .00039 area.
I'm very inexperienced at pattern trading...
In my newbie mind I think I see a trade here. Buying roundabout where we are now (0.00028500) with an eye towards selling at 0.0004 or so in a week or two. Not trying to chase a new top, not hoping to ride a crazy pump. Just trying to find a reasonable, realistically achievable exit point.
Your feedback on this is greatly appreciated.
The market takes a tumble and all shall suffer.
I would suggest SALT is at the floor support and due to head upwards. Guessing the month high would be a nice target.
I'm very inexperienced at pattern trading and all my posts are meant as a public record of my thoughts as I learn to trade. Please do your own research before taking a position in any investment.
A crypto telegram I follow had ETH in a range box running from roughly $650 to $730. On the daily I can see it. On the 4 hour though it presents to me as a wedge. Your thoughts?
None of the fib points matched up nicely for me so no clue on targets. Elliot wave guy I follow is trying to sell this as the consolidation for wave 5. Me, I'm flat. I think the SEC...
Super bullish as an investor of this coin, currently in open beta testing of decentralized exchange UI. This project plods along at a fairly decent pace releasing tech, fixing problems, updating code and releasing new features. This tech, this coin is a gem but it'll have to "win" the old fashioned way with better working tech versus the better cheerleaders...
After we broke out of the descending wedge the price didn't really run all that much. Tepid breakout into a range chop. Could be another descending wedge but using bollinger bands looks like we are chopping along. the bands looks a little squeezed so do a bit so keep an eye out for a breakout up or down.
Fundamental analysis for this coin I'm bullish. Short term...
Yesterday's body shows a upside down/inverted hallow/red hammer, indicating a bottom reversal signal. I am calling this a current bottom with a shadow showing support at this level.
I also show that yesterdays candlestick is below both EMA1 and EMA2, showing a short-term buying opportunity for the week.
I use a small EMA because I am trying to forcast for...
It's possible we're still in the process of a 2nd wave up after the recent correction. I could see Gold building higher if there is a stock market cool-down. Although seems more likely to me that a double top reversal is occurring and that Gold has more room to correct.
It also doesn't help Gold that Bitcoin is being looked at as the most secure store of value by...
The EOS pump has been obvious but I think it will continue until near launch day where we'll see a dump. Subsequently a pump should occur if BTC is still holding it's own and the EOS launch is successful.
Looking at the existing support (blue) and resistance (red) lines & trends, and considering the recent correction, I believe ONT is due for another breakout after this correction has completed. Orange is a potential trend-line if the correction ends up ending near where I plotted.
This is not investment advice.
I know nothing.
I have no ego.
I am not in the position yet, but this looks like a nice setup for the upcoming week. We will wait for price action at the bottom trend line. There is not only this trend line, but also a support zone. And since a bouce is more likely than a breakthrough, I will be searching for a good entry point here and putting SL under the lightblue support zone.