if break up from the resistance level above, we could expect a bigger move up... SRSI high, could retest 20sma or even support zone before moving up further, If drop-down from support zone, and 200sma, we could expect more downside movement and take a short trade. SRSI looks like it wants to print death cross. Scalp traders could take short scalp trade if we...
My followers entered long in SOL by last idea (link is below) are about 14% in profit so far, if they didn't close the trade with larger gains... SOL will in few days run out of space, squeezed by resistance and support trendlines, but still a lot of space in this ascending triangle. Staying in this triangle longer than that would mean that it broke that...
now on breakout-resistance level AGAIN, could bounce down again, indicators high on 1hr, could roll over and pull back, on 4 and 6hr bullish, on 8h SRSI looks like it wants to print golden cross SMA 20 and 200 hourly on great position for a move up. possible symmetrical triangle forming Entry ideas on chart Good luck traders
I had mocked up these bands on the chart with the intent of looking for places to take profit on upside moves but it appears that Dash isn't going to make it through the orange zone just yet. There has been a downward channel with a slight broadening aspect to it since 2017 and seeing a head and shoulders at channel resistance does not make me confident that...
Hi Guys, the idea on this pair is to wait for an extension of the pullback to exceed 1.19088. This move was enbedded in the divergence between sentiment and price lows and stopped at July H in conjunction with NFP release on Sept.3rd. In this occasion the indicator didn't stop and exceeded it's July H forming a divergence also between latest two tops. Price:...
Personally am bullish on QCOM here- Approaching the end of a large symmetrical triangle while also sitting right on its 50-day EMA as well as its 200-day SMA (not pictured). Will be looking for a breakout from this triangle (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an...
As we had more and more bad news and fast-growing covid cases there was a general downtrend beginning from March. Now we are getting to good levels of support to buy. That’s my trading setup 1. Buy: 204.83 Stop loss: 203.23 (-0.74%) First Target: 220.69 (+7.68%) Second Target: 230.49 (+14.49%) 2. Buy: 192.53 Stop loss: 191.07 (-0.70%) First Target: 204.83...
Hi! For my first post here on TV, I will show my way of trading the trends on EURUSD on the 1H time frame. For that I use my own SMA-96 indicator which does 80% of the job and other private techniques to close the trade. From the chart, you can see my last 4 trades, 23, 24, 25 and 26 still open, taken in the last 30 days, I think that they are easy to...
TSLA closed on Friday sitting right on its 200-day SMA. It previously broke below the bear flag to test a long-term uptrend line, while simultaneously forming what appears to be another bear flag / rising wedge (bearish) going into earnings on 7/26'. If this long-term uptrend line is broken, TSLA could see sub $600 especially if the broader markets continue...
Today I will be analyzing Match Group. For everyone who doesn’t know this company, they are creating and managing many dating platforms one of their well-known is Tinder. Cash flow comes from subscriptions (like Tinder Plus) and other services. Buy Signal -support at 129.46$ (3 times) -daily RSI oversold area -daily MACD indicates slowing selling...
Let's watch how the sma and wma 20 50 200 combo works as the bull flag develops the next move higher
Polkadot's (DOT) price has broken above a descending channel that can suggest a potential trend reversal. Another confluence factor that adds more weight to the bullish case scenario is the MACD regular bullish divergence. Descending Channel Before Polkadot emerged higher out of the descending channel, it reached a new low of $10.37, which is a key support level....
Hello traders, USDCAD broke through that long consolidation. What I want to see is price retest 1.25800 and rise up to price 1.27800. Also, price did close above the 7 SMA. Trade at your own risk. If you agree please give this chart a like and follow me, thanks.
Head And Shoulders Pattern (not confirmed) At the moment we have the 400 SMA support and right below that the 220.56$ support line (neckline). As long as we have no closed candle under the neckline we don’t need to worry about lower prices. If we get a closed candle under the neckline we could have a bullish-to-bearish trend reversal.
Will be watching ATVI closely here as it's forming a large symmetrical triangle on its yearly chart. Buyer volume is starting to pick up again & Bollinger Bands are starting to squeeze. Closed on Friday almost right on top of its 200day SMA. Will be looking for a breakout of this triangle in the coming weeks- (*Broader market conditions permitting*)
*** Always trade your own charts. These charts are for simple analysis from my point of view. This is NOT trading advice. *** A simple look at the 4H chart versus the 200 smoothed moving average (green line) and the 200 simple moving average (blue / orange line). Trending well below the 200 SMMA - Sign of weakness. Trending below the 200 SMA - Sign of...
ETH is getting squeezed between the 200 and 50 SMAs. Likely ETH will bounce off the 200 and breakout of the large triangle pattern it is moving within. The chart shows a long position I will potentially take.
LTC/USD was getting Bollinger Band squeezed by the consolidation of price between the .5 Fib retracement area and the .236 retracement area following the sharp drop in markets in mid May. Now we see that the price has tried to break downward out of the squeeze, implying what seems to be a bearish bias only to bounce up off the .236 area and enter back into...