Short term divergences developed on 12 and 4hr charts. Overall bearish weekly structure is concerning. Should the rally break 8k+ this would ease investor concerns which currently look like a slow downward bottoming. 7800 - 8000 - 8600 key levels to watch during rally.
Tron has been looking very strong over the past week. A strong uptrend has formed, as we are sitting above the 50 day MA (bullish). RSI and MACD are neutral, but are currently angled towards the bullish territory. I expect a HUGE run, and a huge correction (similar to EOS main net launch). TRX is a great long-term hold as well, so investing in this coin now before...
WTI: USOIL West Texas Intermediate Unlike on Brent chart there is only one clear and true reverse head and shoulders evident on the WTI chart (left shoulder not 'true' on the smaller one, yet so clearly evident on the Brent chart, please see companion forecast for UKOIL for comparison). So this chart is still forecasting longer term upward pressure to...
BTCUSD: Bitcoin Trade Set-Ups from Here The pattern Bitcoin is currently making is treacherous and too unclear to contemplate a trade at this point. It looks and feels more manipulated right now than ever - as if price is being left to run a little higher to stop hunt weak bears before it gets reeled back in again. It should only get as far as the upper...
Hi guys, this is the hourly chart on EURJPY and i'm taking this long trade because of several reasons. First of all, we're in a strong supporto zone on the daily chart and we're also creating a nice divergence on the RSI there. Then, if we lower a timefeame (4H), you can see a couple of pinbars (candles with long wick to the bottom) signaling buying pressure...
XLM lumen/stellar is getting squeezed in a corner between the short term downtrend and the overall long term up trend. It is currently finding some support on the 61.8 fibs from the last run, however I think that the pressure from that downtrend will force it to head back down and retest the daily support at around 3700 sats. At this level we have the daily...
Chart explains itself. I think we will see 6554 Low Point before bull run.
ETHUSD Bitfinex Although it's bounced off the support line at 543 after a spike low at 538 ETH is still vulnerable until it clamber back above the 593 line here and hold up on the restest once it does so. If you bought off the 543 line here it's not a bad idea to take at least half off the table again if not all. It will follow Bitcoin as usual. Can buy again...
Bullish flag forming on TRON at the moment. I am taking a bit of a risk with this trade as I have entered before the breakout and it could break down. I have a very tight stop loss in place. Just over 1 week till main net release i feel like the TA and fundamentals will mean a break up.
As the daily chart shows, we should expect lower buy in opportunities. Minor ascending impulses will happen on the way down, but I would consider this a NO TRADE ZONE! Dollar cost averaging your buy-ins will help eliminate risk! Prices should expect to fall to zones 1 or 2. #BTC
BTCUSD: Bitcoin Trade Set-Ups for Today After breaking below the lower parallel of the continuation pattern which had been created over the weekend Bitcoin began to fall away - but the fall when it came overnight was grudging and lacked fluidity or downside momentum. It's therefore hard to trust at the moment and until we get better clarity am forced to close...
Hello traders, Weekend is back, and a bit boring as usual in the crypto market! Bitcoin is going sideways for some hours, and still no clear direction atm! I bring you another daily trade! I will be posting trades for my followers EVERYDAY! Totally free, i dont have VIP groups or telegram, i just work for my TV community because i love your support! :D But now...
price is nearing a strong resistance zone that has been standing the test of time for a few years... i'm looking to see if price can reach the yellow marked resistance zone and Looking for downside in that area as i don't see price passing that zone (potential trade setup)
Bit more of a risky trade for me but I have compensated by having a very tight stop loss and only putting in a small amount. THC has been held at this support multiple times and has generally come off it with a big bounce. I will be looking for a quick sell at resistance but there is some potential for some good gains here.