This massive 45% increase was clearly a manipulation. There's not fresh tweet, no events, and no latest news and it pumped all of a sudden. Crypto is a volatile market and anything can happen here.
You can short this coin and make some good profit but do hold on to your SL.
Enter at: $0.30 to $0.32
Target: 10% to 20%
Note: This is not financial...
Overall trend bias-bearish
Short entries on 3 potential scenarios
Scenario 1- Break of support structure-->retest resistance--> short entry
Scenario 2- rejection of resistance level 38.2--> short entry
Scenario 3- break of 38.2-->retest--> rejection from 23.6--> short entry
What do you think?
Good day traders! It has been a quiet day in the market today as the market is waiting for another stimulus to trigger the direction. However, let's talk about USDCAD.
USDCAD has been moving in a down channel and price has broke below daily support which indicates a further bearish movement will take place soon. We shall be looking for a short setup at fibonacci...
Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading!
Start off with USDCHF! Price has been moving in downtrend for the past week and it has formed a symmetrical triangle chart pattern and this is an indication of bearish movement.
We strongly believe that symmetrical triangle is one of the most frequently appearance in...
As what have been analyzed on weekend, gold price moved as to the direction that we expected.
For now, we will not enter any entry on gold until gold break below the current support or which much preferably to retest the trendline as indicated above. If so, we can look for a sell at 1720 as that is the previous support which may turn into the resistance.
Price is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside.
Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which...
The short entry on the chart doesn't look very promising anymore considering it was already hit previously; a break higher wouldn't surprise me. The long entry between 309 and 308 looks more promising, I would keep my stop tight as a retest of 303~ seems likely.
CHF/JPY - Short
Hit a nice support and resistance area.
Hit my third TP on the previous idea LONG i had for this pair.
Now i am looking to catch the move back down.
Any questions drop me a message or a comment
A couple of outlooks on EURUSD.
Already have a double top @ the 1.1 even handle number.
I either expect a third test and then a sharp move down or we will see a bit of consolidation before attempting another move down.
Cant see any strength behind the EURO against the Dollar with all the Brexit shenanigans going on.
Any questions im happy to help. drop me a...
ABCD Harmonic Pattern confirmed!
Considering Fibonacci from points A to B, the price correction from points B to C got to the Fibonacci Level 0.78.
As far as I know, this will make a lot of people to disregard this chart pattern, however, after making an investigation there are also a lot of people saying as long as the price doesn't close...
Strong rejection at Fibonacci Level 0.61, making the price to change the direction and to start going to the bottom of the range channel it's been moving since April 23.
We are waiting for the price to get below Fibo level 0.38 to place our short entry, what do you guys think about this #TradeIdea?
After a price correction, Litecoin got to the 0.014000 and it was rejected several times, oscillators and trend indicators are pointing down and also we could mention the triple zero psychological area where the price was rejected. We think there is a good chance to go short and here is our #TradeIdea.
Our Telegram Channel...
Price has created a double top pattern in 1H Chart, now we are just waiting for a confirmation to go short just below the neckline. Stochastic Oscillator is coming out of the overbought area and we are witnessing a strong bearish candle.
What do you guys think about this entry?