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Trend-reversal

potential trade setup: GBP/USD analysisthe previous weekly candle closed as a bearish engulfing candle, the sentiment still remains uncertain and pessimistic around the sterling currency, however, price is rallying towards a key dynamic area of support in which we previously saw some institutional demand, the psychological level is also in alignment with the key W trendline acting as support. This could be a great risk-reward trade with targets of 1.2800-1.2900, il be paying close attention to candlestick behaviour to look for entry opportunities.
Long
by danresdidualfx
Time to buy BMW? Day before ex-dividend dateBMW entered a bullish trend back in 13 May 2016, when it paid the dividend of 2016. Yesterday was at minimums of 2013 if we do not take into account Brexit effect on 2016. Today is the day before the ex-dividend date of 2019 and it offers a dividend yield of 5.12%. Nonetheless, it's worth reminding that BMW's 2018 Earnings where -16.9% YoY so in case you happen to buy shares today, do not hold them for long. A positive point for the auto sector is that Trump will delay tariffs on autos 6 months from now. Therefore, we might expierence some volatility with BMW stock and it could have a trend reversal right from today up to levels of 74-75€. So the final conclusion would be: Buy today, seize the dividend this month and sell in 5-6 months time depending on market news.
XETR:BMWLong
by alexinve
1
When the indicators align: Potential long-term trend reversal!Hi, all the original video didn't seem to publish so I have redone it. Heres a video summary... XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal! Here are my confluent reasons why... 1. Falling wedge pattern. 2. Bullish divergence on the RSI. 3. Higher lows RSI, lower lows price action. 4. Potential ABCDE count. 5. Price action really stretched away from EMAS. (weak indication) I believe we are going to get something like this However, there are multiple pathways it could take... we have to look on the flip side as well, very possible we break out now and bull off into the sunset Or we reject the top trend line head to the bottom trend line and continue this strong downtrend. Either way, Platinum looks juicy and prosperous and I am leaning towards bullish. Be patient and prepared for anything and let me know your thoughts. Good luck and happy trading :^) ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
OANDA:XPTUSDLong
by TrimmerTrading
1
Bitcoin hitting Massive Long-Term SupportThis week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement. This makes the area between the $4050 and $4400 a key long-term support, which might play a very important role in further price development. If support will be respected, BTC/USD upside correction could be expected, aiming at the upper trend line of the triangle pattern. However, downside risk remains and Bitcoin could drop further. It is not a high probability scenario, but definitely should be considered as one of the possible outcomes in the coming future. Weekly break and close below the $4050 most likely will send price down to the $2400-2250 support area, which is confirmed by 88.6% Fibonacci retracement level. It seems the very important factor is that on the weekly chart price has approached 200 Moving Average and Fibonacci support, Indeed it will not be ignored, but potentially already noticed by all market participants. Well, maybe this is the turning point for the all cryptocurrency market in general and Bitcoin in particular? In any way, even if that is a reversal phase, usually a consolidation period takes place prior to the reversal. Lets summarize… while the huge support area has been reached, price is likely to reverse or consolidate. To claim that trend is reversing is far too early, especially while there are no confirmation of that. Triangle pattern should be watched for break above or below, which might give more insights of further price direction.
BITFINEX:BTCUSD
by CryptalDash
EOS selloff might be ending as price approaching the demand zoneYesterday EOS has been trading near $5.4, where it formed the support. But today it has experienced a fast decline, and throughout the day lost over 7%. EOS/USD reached $5.05 low today and after small retracement is trading at $5.15. It seems that after the fast price drop, there won’t be a fast recovery, especially after price broke below the descending channel. Usually it takes time for price to confirm the bottom, consolidate and only then establish reverse. As trend is bearish, the probability that price will drop even further remains high. At this stage it is very risky to go against the trend and start buying EOS. The nearest support is seen at $5.00. This is a very strong physiological support, confirmed by the 78.6% Fibonacci retracement level. If that support is broken, EOS/USD might drop down to 88.6% Fibs at $4.84. Therefore, another 3% or 6% decline can be expected in the near future. Technically, price is trending down, although unexpected trend reversal might also take place. While the nearest resistance area is between $5.04 - $5.46, EOS must break above $ 5.5 with confidence. Such price action would indicate bullish intentions of the EOS, which obviously could trigger accumulation of buy orders. In short, trend is bearish and is expected to go down more. Only break above the resistance might indicate otherwise.
BITFINEX:EOSUSD
by CryptalDash
2
Komodo (KMD) – What makes it great and different?Komodo is a blockchain platform for creating decentralized applications. Some call it a “Blockchain 3.0”, while Bitcoin considered 1.0 version and Ethereum is 2.0. KMD is referred to as the next generation blockchain as its’ capabilities are far beyond of those offered by BTC and ETH. Comparing to the Bitcoin, Komodo should be able to handle a lot more transactions and comparing to Ethereum, where tokens remain tied to the platform, it allows tokens to remain independently with their specific set of laws. This makes Komodo unique, as it offers a new way of freedom in the industry, freedom that has never been given previously. At the time of writing KMD is trading at 18k satoshis, which is 15% higher than just a few days ago. It looks like price is reversing slowly and first indication of a potential trend reversal could be the very high volume over the past 3 days. Additionally, KMD/BTC rejected the 76.8% Fibonacci support level and RSI oscillator rejected the uptrend trendline after which broke above the downtrend trendline. As the trend might be turning bullish, yet price has to start to produce higher highs and higher lows first, which is not the case now. In addition to that, Komodo is facing a strong resistance, formed between the 21k and 23k satoshis (23.6% Fibonacci levels). When/if the resistance is broken, price might start exponential growth, reaching either 31k or 37k satoshis resistance level, that is 100% growth potential over the Bitcoin. However, while KMD remains below the 23k, more consolidation to be expected. And finally, daily break and close below the 14350 satoshis level will likely result in a drop towards the 10k psychological support. To summarize, it could be a very early stage of the Komodo uptrend, although currently, price action does not completely support that assumption. Considering the fact of the increasing trade volume, more volatility yet to come, potentially resulting in a breakout. Support: 1. 0.0001554 2. 0.0001435 3. 0.0001000 Resistance: 1. 0.0002086 2. 0.0002310 3. 0.0003140 4. 0.0003725
K
by CryptalDash
Gold Trend Reversal - Double Bottom, MACD and OBV divergence Gold is currently at a 13 month low and key indicators are starting to show a potential trend reversal. On Balance Volume is showing a divergence over the past week. OBV is a key momentum indicator and divergences in price and indicator usually provide a reversal signal. MACD indicator is a common divergence indicator and is showing clear divergence. Also, it is showing a clear triangle formation with classic Elliot wave movements ABCDE. The price channel of Gold has failed to touch the lower support line but instead created a horizontal support equal to the previous 13 month low on July 10th 2017. There is a strong confluence of indicators and price action that suggest a trend reversal. When the trend reverts to bullish, I expect a very strong bullish move up as volume levels are at extreme lows. Also on the chart is my faithful Ichimoku indicator, its an indicator I have been using recently and is especially helpful for finding Elliot waves and confirmation of price trends. I am quite confident about this one.
OANDA:XAUUSDLong
by Dubsta000
OMG/USD Long 1:2 Mid-Term TradeLong Entry: 6.65-6.90 Target 1: 7.19 Target 2: 7.27 Target 3: 7.35 Stop Loss: 6.58 for tighter one Risk:Reward 1:1.78 to 1:2 according to your entry level. Time: 3 days 12hours. This is a trade I'm in right now, I got in a bit early at 6.96 but I will accumulate my position down between 6.8 and 6.65 range. OMG has upcoming 3 events. 2 Exchange Listing and a summit. July 30 - Listing on Coinx(www.coinevents.co) July 31 - Listing on BitPanda August 1 - Decentralized Web Summit Also they have an Airdrop - Electrify.Asia in August according to coincalendar.com If we reach the targets according to plan I might hold the position and change the targets for a potential uptrend reversal. Also you can see the 2 possible scenarios by looking at the white and yellow elliot waves. Let's see how this is gonna work out.
O
by QuantZero
4
Short trade on EURAUDHi all, i've been looking at this pair over the last days, and it finally turned into a trading opportunity right now. The blue zone is a structure zone in which price has lately been very sensitive and it's also been a zone in which price has gone overbought on the 4hr chart, also creating a short candlestick with an engulfing candle. Moreover, on the hourly timeframe price has created a strong bearish leg, which signifies selling pressure. A conservative trader would wait for a break of the hourly support, i'm entering now because my trading rules are met. If you have questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Short setup on EURAUDHi all, i've been looking at this pair over the last days, and it finally turned into a trading opportunity right now. The blue zone is a structure zone in which price has lately been very sensitive and it's also been a zone in which price has gone overbought on the 4hr chart, also creating a short candlestick with an engulfing candle. Moreover, on the hourly timeframe price has created a strong bearish leg, which signifies selling pressure. A conservative trader would wait for a break of the hourly support, i'm entering now because my trading rules are met. If you have questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EUR/USD multi timeframe weekly outlookWEEKLY CHART Weekly close is a quite significant rejection with a little bit of indecision close to a psychological and technical level (1.15). Expectation for the next candle, so for next week, is a slightly more bullish week. Reason for this is because of the indecision that's still visible. Longer term outlook would be a stronger bullish move if we look at the moment. DAILY CHART On the daily chart the bearish structure is still there. Looking for price to create a bottom with significant rejection near the 1.15 level to go up again. Makes sense if you look at the weekly chart again, there was still some indecision, looking at the daily chart you can confirm that by price not made a bottom yet. 4H CHART On the 4H chart we clearly see price going down, showing a strong move up, one of the strongest in this downtrend, which may be an early sign of trend reversal. As long as we don't see a break up on the given level, we stay bearish. 1H CHART A lot of indecision on the 1H chart. Loads of rejections, but if you would put a gun on my head, I would say bearish, because the creation of the highs are not that strong anymore. ---- If you want me to do this more often, feel free to let me know and give some feedback! Always here for a trade talk.
by VAST-Charts