Today the BTCUSDT make a very dangerous shadows on EMA 200 on the Daily timeframe.
EMA 200 is one of the most important trend line indicator in the technical analysis.
For most traders and technical analysts the EMA 200 is a strong Support/Resistant line and indicates the long term trend line.
I have an indicator that give buy signal at the candle I mark with VLine. At nearest support is Bullish Engulfing zone. I consider try to entry buy at 2 level, first at start of demand zone, and second at bottom shadow of bull.
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This Analysis is base on Shadows War Method.
If Price can close over Shadow UP, you can get a Long Scalp position on it.
If Price can close under Shadow DOWN, you can get a Short Scalp position on it.
Last support M15 that I share, buyer rejection about 100 pt +/-, and currently breaking it. Based on H1, I prefer this zone as this zone has buyer re entry 1x. Looking for more strong buyer here than my analysis before. I prefer to entry bottom candle bottom shadow.
Hello traders and investors! Ok, Tesla did a fantastic movement today! Let’s see what’s going on with it.
First, the hourly chart suggests that Tesla just did a retest of one of its supports (red line around $ 408) and the price bounced up again above the purple trendline and above the 21 ema, and only if Tesla loses these two points the bull trend will get...
ShadowCash appears to be sitting on a critical support, and with strong investor demand for privacy-centered coins like XMR and DASH, SDCBTC could be preparing to follow suit with a large advance over the next few months if this support continues to hold. If this support fails then it will be a good idea to steer clear of this crypto for awhile. Fundamentally,...
By forming an ascending triangle pattern and through the Elliott's waves and retracements levels within it, if it breaks now it is very likely that it will fall on being overbought and not be a good deal. If you perform a retraction to the E wave, prepare for a breakout of magnitude.
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Shadow for the next week, 1 month chart looks interesting in this one, I'm going long this week on SDC with a 21% of capital, risky move but might be very well rewarded.
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If this candle close a few pips lower than where it is right now, I'll consider it a Big Shadow. Price tried to breakout above the triangle but fail and retrace below the bottom trendline
If candle closes with barely any lower wick I'll go short a few pips below the low of this candle
S/L above the high
T/P at next zone