New to trading renko charts.Trading on the renko 1 day chart with a SMMA 4 and MA 9 with Ricardo Santos support and resistance seem to getting quite good results.use a RSI 14 as well to give the extra confirmation.
CM_Renko Overlay Bars V1
Overlays Renko Bars on Regular Price Bars.
***Color of Renko Open and Close Lines Change Based on Direction.
Default Renko plot is based on Average True Range. Look Back period adjustable in Inputs Tab.
If you Choose to use "Traditional" Renko bars and pick the Size of the Renko Bars the please read below.
Value in Input Tab is...
I introduce the RENKO - RSI Merge feature. I am very happy about this as it solves draw down problems as well as sub-optimal entries after oversold or overbought conditions in a long/short trend.
Hey guys,
After a long time I made a new idea!
So after some analysing I took a look at the renko chart, which I mostly use for finding support and resistance. After I watched the renko chart for a while I saw a pattern and now the Bitcoin is repeating it. With this repeating pattern I saw a trading opportunity. This are the details:
Buy: 10 000
At this point...
this is a bit of a different perspective using Renko 1hr/$0.5 blocks
it shows a possible bullish convergence between price and both seller power & supply/demand on the short term, but to confirm, MSFT should close the week above the resistance band at $198 - $198.5 -- else opens with a gap above that level on Monday -- if neither of these scenarios happen, we may...
This simple Renko chart on NQ100 is used to gauge next day sentiment prior to major announcements. I view it around 11 p.m., and if the Renko Bar changes color, that's a pretty good indication on how the market will open. Of course, this chart should be used in connection with other bias indicators to confirm direction. Simple is sometimes best!
I would carefully watch this area here.
Today's close will probably touch the resistance line on the Wave Trend indicator.
There are 3 options :) We could see double top soon, the market can reverse anytime on some bad news or a big rally with ATH - who knows?
COVID cases start increasing in many states that re-opened.
Unemployment still in the 13% zone.
The...
cardano put in a solid double tested bottom at .05
likely on the way to knock on the door of .16
with a follow up visit to .36 at some point
not financial advice
WE have many odds that are telling us to long here, and this congruence make me feel that could overshot around 9.4k in that case i ll move my stop up.
this is a short term trade, with a moderate roe.
indicators available:
KNIFE CUT
KEANU...
Hisse 23 Mart dipten beri yukarı trend gidiyor (trendi takip ediyoruz)
hisse 50 ve 200 hareketli ortalama üzerinde
sene başından beri çok kere direnç noktası olmuş 60.50 seviyesini yukarıya kırmış (9 Nisandan beri olan en yüksek hacimle)
şimdi geriye aynı seviyeyi destek olarak test etmeye geliyor
ichimoku bulut yeşil, yuıkarı trend teyid
gecikmeli span yeşil...
A recovery for BYND ?
With the break, today of this level we can maybe go back to the green line which is an interesting level.
But why "neutral" on this level ? Regarding the context and the company fundamentals, I'm not confident on this.
Hello Traders.
The moment of truth is upon us. We have all been spinning our wheels analyzing to no end. The truth is, we do not know where will go, but trust in TA and always remember, your trend is your friend till the end. I hope you all profit heavily from this halving event, long or short, just please do not buy into the bullshit. Trust your TA, trust...
Quickly moves up to new resistance level. Based on indicators, looks like next resistance in 10160 level could be next if it can decisively break current resistance.
Hi all,
I am back with another new chart. I am speculating bitcoin to hit 9k by 9th May. However I am not providing any trade setup here because I already mentioned the trade setup in my last chart. This is just a speculative chart to boost trade setup of my last 2 charts.
Best,
Budha
