ZIL bound to retest $0.05$Seems ZIL on its way to retest the $0.05, breakout to that level could possibly retest $0.10. I think next year is exciting year for ZIL and could possibly retest ATH.
Support at $0.03. Trade Cautiously.
Renko
LTC in track to retest strong resistance areaNice LTC looking strong and could possibly retest the strong longterm resistance area of around 135. Breakout to that level could create a longterm bullish trend to LTC that could retest ATH.
Immediate support at around 100, breakdown to this level could retest around 93 area. Trade Cautiously.
Renko channel keeping on target towards usd21,000 for a startI am just beginning and just to try and see how publishing my renko channel for a start would look like. The range shown by the channel are what I see as a good possibility over the next 5 months
Different Type of Charts - Part 1Hi
in this tutorial video I am covering five types of charts;
1. Line
2. Bar
3. Traditional Candlestick
4. Colored candlestick
5. Renko
Cl1! Short building up?CL in a range at the moment, waiting for further signals at the faster Ichimoku ATR based chart in the middle
Breakout from longterm resistance, XRP to $3.71? Double bottom using renko chart a few days ago. Longterm target to create all-time high using renko chart at 3.71.
Very attractive risk reward ratio of 5.71. With a possible gain of 436% if reach the 3.31 TP area. Support at previous bottom of around 0.14.
Trade Cautiously.
XTZ bound to retest all time high?Bullish divergence a few days ago. Resistance around $4.5 while support at $1.98.
Risk reward ratio seems attractive at 3, with possible gain of 71% if 4.5 got hit and possible loss of 24% if stopped out at 1.98.
Trade Cautiously.
EURUSD IN RENKO ANALYSIS Greeting Traders.
This is EURUSD 4hour chart and I have put Renko Analysis in this chart and also have a moving average with Renko.
And moving averages serve as support and resistance.
Thank you.
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ETH to retest critical resistance,breakout to that could hit <2kOne more renko chart and will hit the longterm resistance area. Breakout to that level could possibly reach 1,900 longterm target.
Support around 479.
Trade Cautiously.
BTC to hit 28K this year? Just one more renko chart and will retest the all time high. Breakout to that level could potentially hit around 29K.
Support at 17k.
Trade Cautiously.
GBPUSD London Session TradeFirst trade set for the day. Be on the look out for updates.
Target is 20 pips, SL is 20-25 pips
Possible Short on USDCADPossible short setting up on 4 hour Renko (10 pip Box size) chart. Red is sell zone if leg 2 plays out. Analysis "loosely" based on on Goodman Wave Theory.
Beginning of leg 2 may also serve as entry for countertrend trade.
Possible Short on USDCHFPossible short setting up on 4 hour Renko (10 pip Box size) chart. Red is sell zone if leg 2 plays out. Analysis "loosely" based on on Goodman Wave Theory.
Beginning of leg 2 may also serve as entry for countertrend trade.
Possible Long on AUDCADPossible long setting up on 4 hour Renko (10 pip Box size) chart. Green is buy zone if leg 2 plays out. Analysis "loosely" based on on Goodman Wave Theory.
Beginning of leg 2 may also serve as entry for countertrend trade.
Possible Long on AUDUSDPossible long setting up on 4 hour Renko (10 pip Box size) chart. Green is buy zone if leg 2 plays out. Analysis "loosely" based on on Goodman Wave Theory.
Beginning of leg 2 may also serve as entry for countertrend trade.
Time to long ATOM?Bullish divergence forming. Divergence indicator going up while the price going down. Also renko chart solid bullish candle formed.
Long Entry: 5.33.
SL: 4.093.
TP: 8.55.
Risk reward attractive at 2.61, possible gain of 60.46% but also possible loss of 23.19% if the TP or SL got hit. TAYOR.
Disclaimer: Trading and investing have risk. So always do your own research and trade at your own risk.
LTC turns bullish?Divergence Indicator going up, while the price is going down.
Also trading near lower Bollinger Band and near support level.
Entry: 48.06
Stop loss: 41.90
TP: 67.54
Trade with caution.
Disclaimer: Trading and investing have risk. So always do your own research and trade at your own risk.
Constellation (DAG) near support. Time to buy? Break the lower Bollinger Band and near the channel support. Renko chart still on bearish mode. Can still go lower, but I think it's better to start accumulating. Trade with caution.
Disclaimer: Trading and investing have risk. So always do your own research and trade at your own risk.
Is gold setting up for another run after 1900? Look into the performance of similar pull backs over the last 3 years on fib based bollinger bands and you will see that each time it has reversed from this point it has brought back excellent gains.
On set 5/1 R/R as stop should be moved up until an eventual pullback
Gold is hard to follow?GLD is still working in a price channel and a trend to the BULLISH side.
Bouncing off the bottom support while consolidating. Positive S&P or DOW moves tend to see down days or sideways selling.
Any bad news may see upticks within the Fib or BB ranges UP!
Watch for Thursday's with Futures closings, Friday Option expiration's and "Witching" days, these are also big Gold/Silver sell signals as margin calls
or weekend bag holders drop positions for cash.
Renko's track just the price moves with trends, use these and Henkin Ashi for patterns, then Candles for action!
$OMER - Renko - Bullish trend reversal$OMER - Renko (90 ATR, 90 min)
we use stoch/mfi/rsi together with default settings.
this is a very choppy chart to analyze if you chart it normally.
renko allows us to filter that choppiness.
Stoch oversold, MFI on trigger zone, RSI moving to oversold zone.
we must wait for the price to reverse to neckline before we make entry ( > $12.50 )
also this may be a good time to buy call options.
Silver XAGUSD analysisThe recent changes in Silver and it's new support levels.
We'll see simple support & resistance at the indicated arrows.
Breakouts or Pullbacks will be based on Market Strength and Vaccine News!
Gold may lead changes followed by Silver and Miner stocks.
Upside breakout will by at marked support prices.
See daily trends for the projections for dates/options expiration...
RENKO's follow Prices and not Time!
SIV SILVER Daily Trends and Resistance/Support Levels CONFIRMEDNice confirmations 1hr & Daily trends on SLV for Support/Resistance levels.
Renko trends show $150 by EOY
BUY the pull backs, average in on holdings thru 2021
