my idea going forward into Wednesday. may come sooner or later. the overreaction to that news...25million. compared to there estimated mrkt cap of close to 1billion. do some dd the only did 2.5% against their actual worth and sp goes down about 50%...easy dip buy. if presented tomorrow with 1.60s don't miss them IMO
In the chart there is a yellow zone. Trend touch that zone several times, and reverse.
Now it's time to follow the trend if it's reverse or go down.
If candle close below the yellow zone, that's the confirmation to go down. Otherwise it will reverse.
Let's watch ,...............
Started buying in a little earlier at ca. 9888 after the breakout from the upper trend line from my previous analysis and subsequent finding support at the 50 sma.
Will buy in more after successful bullish retest again at ca. 61.8% level of the specific fib. level drawn...
RSI looking bullish in (1D) chart, but bearish at shorter time-scale charts.
Appeared to find support at the 61.8% level of the specific fib-retrace drawn -- where I've used the 6195 USD level as the bottom instead (which was the level that was held in a long painful sideways trend before the massive dump around 14thNov18 all the way down to 3kUSD) and also where...
The major trend is uptrend, the intermediate and, the minor trend is down to main support levels.
The volume confirming price action.
Waiting for support to hold confirmation. Next resistant level at 1.3200
After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the...
Yesterday was the big day I was expecting with a 360 degrees daily swing, starting with a bullish attempt of 120 pips from 62.5x to 63.7x and a final fall of 200 pips.
It validates how critical is that areafor both Bulls and Bears to shape the following trend of Brent Crude Oil.
I mentioned on my daily chart analysis yesterday an area of interest...
My apologies for such a saturated chart.
For me, this bullish trend is ending very soon. We can see that the price is losing strength as it approaches to the weekly resistance. It also got over the 0.76 just for 20 pips and immediately reversed. Zoom in on last pullback and pay attention to the volume traded. You can see the bearish candles have more weight and...
BASIS.. Uptrend reversal potential still in play. Looking at 14 days to find reversal emergence.
Alt market should be heating up very nicely and even if we get hit with 5 % TOP COIN drop days there will be opportunities for recovery.
BTC Target 3650 within 14 days.
Fairly strong support backing up sideways action within 10% swing from current position.
The Nasdaq may look ugly, BUT pay more attention to where it is on the road map. IF a reversal materializes at the current level, it can establish a double bottom. If it pushes lower into the mid 153's, it will be within a high probability reversal zone. What does all this mean? It is high risk to be short at current levels. We are looking for relatively strong...
We have the following factors:
Daily Reversal Zone
Respected .705 Fib level + Bullish Engulfing candle
We might expect a pullback for a better entry, or we may seek for a good PA confirmation on a lower TF.
All comments and questions are appreciated.
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation or daily consolidation (red border boxes) to take the trade. I...
Looking at the EURO/Peso This is should be a strong sell for the week but I'm searching for the perfect entry. Looking at the trend up I dont think it is ready to break this trend line. I would look for it to push up to a area of resistance then start to push down strong enough to break through the trend line and hit a lower level of support. This might take some...
Long term buy setup
After completion of the Bullish Bat Pattern formation BINANCE:EOSBTC started moving up making higher lows forming an ascending triangle.
Expecting a breakout to the upside from the triangle and for the targets to be reached.