At first blush there seems to be a lot going on here but spend just a minute to examine the trend lines and thier origins. They're showing you where we'll find support on a bearish move, or resistance on bullish move, far into the future. This is a weekly scale, log chart.
Fundamentally, Lisk hasn't been the most exciting blockchain project. However, what they...
Ethereum continues to trend sideways in this range and as we can see on the chart using SCMR, indecision is the story being told by looking at the candle for the past few weeks. After breaking above the triangle and testing resistance we have returned right back into the range and yet again await some type of volatility to have a sense of direction.
Until we get...
The support at this level has been impressive, forcing price to trade in a tightening range for more than a week. What's more impressive is the R/R on a long position from this level (however unlikely). I make no apologies for not being a fan of Ripple and wouldn't mind if it just died, but if we get a break out to the upside it should prove to be a dramatic and...
The oversold Momentum Peak (2nd panel) gives a good bottoming signal while we get Reversal signals aswell (blue candles) followed by the valid Reversal (z) given this setup is quite profitable is fair to use over 2% equityrisk.
The SL can be a new Low or the low of the Blue Candle
The chart is the long view on Ethereum, and boy-oh-boy it is hanging on by a thread. Price is trying to make a triple bottom historically and a double bottom of this bear market in the 0.0023-0.0021 range. Every time it tries to breakout it gets rejected at the downtrend resistance. Best guess says that the only people that could be selling this much coin would be...
This chart is Heiken Ashi with SCMR Trends. Long/Buy entry is at a break above the potential bullish reversal candle (blue) with stops below previous candle low. Once the trade is underway, if price action prints a neutral (gray), stops should be moved up to the low of that candle to reduce risk. I might also consider moving stops up to structure around 240 if we...
Edit : If you kept your stop at $251.52 ... then the stab down to $252.50 just stopped you out. Perhaps my T/P level was too ambitious but in all I'm happy with how this trade went. After speaking to SPYderCrusher about this trade he explained, when trading SCMR Trends in this way, it is advised to pay special attention to follow up trend color changes (see...
I've been watching the weekly candles slowly creep towards our original trendline with a certain amount of skepticism, since the $500 level. The blue trend reversal (indicator from SCMR) was supposed to have signaled our rally into the new bull markt. However, that rally was confirmed failed by November 23th and it was in no uncertain terms, the writing on the...
This chart shows GLD, the major ETF proxy for Gold prices, on a Daily timeframe.
Plotted on the chart are our SCMR Trends™, which accurately identify price trends and behaviors , and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store.
Today is significant because after a lengthy decline in...
This chart shows EUR/USD, the Euro Currency, on a Weekly timeframe. (NOTE: Updated chart below, accidentally clicked off the Dynamic Levels that were supposed to be in the above chart)
Plotted on the chart is SCMR Trends™, which sequences price to find the correct behavior and identify good setups. It is available (along with other indicators in the package) in...
This chart shows SPY, the major ETF proxy for the S&P500 index, on a Daily timeframe.
Plotted on the chart are our SCMR Trends™, which sequences price to find the correct behavior, and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store.
Following a confirmed reversal on Oct 20th (see "O"...
