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We have very interesting thing happening on the monthly chart and perhaps this is giving an immediate indication that case of the bears might not be strong enough to drag us to the new prolonged bear market.
There is 10 and 21 SMA bullish cross steering at us...
AUDUSD has bounced from a yearly low and is starting to show signs of a reversal pattern. Waves 1,3,5 are impulse waves which you can see broken down in the 5 wave (light blue). Waves 2 & 4 are corrective ABC waves (pink). The purple shows the completion of the first 5 waves which represents wave 1 (white) of a larger Elliot wave cycle. Wave 2 (white) would be the...
Break out long on the 1 hour timeframe could possibly hold for a larger timeframe reversal.
Last 1 hour resistance can be seen at 0.6765
OVER BOUGHT / OVERSOLD SOLD ALERT (OBOS)
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Alert for reversals & trends.
Can be set to any many timeframes. Alert gives a live signal during overbought & over sold...
Last Resistance Level: 184
Boost alert caught 1162 pips so far this week on ETHUSD. Simple trend & reversal indicator.
12-hour trend & reversal alert
Displays the current 12 hour trend. This indicator shows the current 12 hour trend strength/weakness. The indicator will not repaint and will stay true in a trend move.
BOOST ALERT - NON REPAINTING
Bitcoin had some correctional move recently with many people expecting lower lows, therefore shorting a lot.
I think this could be the bottom already and taking some risk with a small long trade here.
TD sequential showing a red 9 signaling the end of a down trend on both, 1hr and 4hr candlestick and my Oszillators are all in oversold territory.
0x: Decentralized Exchange
Triangles may appear mostly as ascending or descending pattern. But even more, interestingly, they form as reversal patterns too.
A triangle as a reversal pattern doesn’t suit every trader. Conservative traders won’t risk trading it.
However, aggressive ones will always look for a solid risk-reward ratio. A triangle chart pattern...
Across multiple cycles LTC has always been the first mover rather it be for the upturn, downturn or even pattern development.
And now we see that ETH is in a falling wedge but is yet to test the 0.786 fib retrace; meanwhile LTC is very very close to it's 786 retrace and is now closing in on it's most important zone of support.
If the trend of LTC leading ETH...
-Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region.
-Alt run in action
-Band hits for default KC 1.25 have been a good indicator for reversal (either way).
-Volume lulls frequently lead to high volatility periods, and has shown on this chart.
-21w ROC has a well-validated buying level at roughly -65%.
EURUSD has reversed and taken a bullish stance as it broke and closed above a 3-month falling trendline.
Based on historical prices within the channel, EURUSD was always able to climb to the top of the channel whenever there's a break of a bearish structure just like now.
Therefore, in the next 2 weeks, we will switch towards looking for a buying opportunity.
So here's a trade setup that I have been looking at since mid September.
Dash in a falling wedge at the bottom of it's channel that it's formed over it's entire lifetime with a massive 100%+ measure move.
The recent pump and dump had me worried that it may have already played out but the pattern is still there and this is hard to overlook.
Price is currently trading at a demand region, we have to see rejections at the area of the trendline as well as the 61.8% Fibonacci region, we can expect the price to, therefore, pick up momentum and extend higher.
This is a trade setup based on timeframe agreement and price action.
Looking at the relationship across the timeframes, these are some of the things to take notice of:
The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression...