Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as the price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays under this line, we have a bearish trend.
Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The more points there are to connect, the stronger a trend line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart. This tool can also be used to illustrate trends on indicators.
As much as we don't want to admit it, there is almost zero reason that the SEC would approve the first ever Bítcoin ETF without taking all the time permitted to them by law. Therefore expect late September to bring about another drop as the SEC postpone their decision yet again from the current September 30th deadline. This will likely be until December, with a ...
JPY was supposedly going to rally after a flash crash to confirm UJ seasonality starting its season with the supertrends. This crash, however, may be less flash and have a slower return, after bad macro data was announced last week, -231V vs -50B ish consensus.
Everytime a triangle shows in ETPUSD, this shit moons.
Move up lengh should be equal to triangle width. So, that brings us to 3USD key level !
MACD back to bullish zone.
Set tight stops !
Enjoy !
There's breakout of trend line but shape of candle is not so good for Bullish Market.
Let's analysis BTC~
If you are busy, you can just read below briefly
'A. Briefing '
'D. Summary and Strategy'
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A. Briefing
. Breakout of trend line on daily chart.
. Hammer -> inverse Hammer
. Descending Broadening Wedges
B. ...
Basically looking at structure, a Liquidity zone was made
obvious and we spotted Supply and Demand, we are currently
in a healthy downtrend suggesting at current price of USDCAD,
there is an entry opportunity to sell for at least 100 PIPS.
hi everyone
price to pivot R2 weekly and R2 Monthly
and to 50% Fibonacci
and in the RSI Divergence
goodLuck
iran=salam be hame khoda ghovat
gheymat be pivot R2 haftegi va R2 mahane
va be 50% Fibonacci
va dar RSI vagarayi darim
No need any indicator here, this triangle looks like enough, could be ugly if the price drop too much under the line but until now, it's look like ready to bounce.
BTC Broadening Wedge/Megaphone Pattern.
Enter 6250-6275 BTC; Stop Loss anywhere from 6225 to just below 6160 fib support depending on comfort with risk. I think 6160 might invalidate the bottom wedge trendline but it could still provide support.
Upside Target near 6800.
A decision time for the #Dash. After creating a series of bearish candles and lower highs in the four-month period, the coin has rebounded in the last couple of days and it is currently reaching the key zone between 0.02500 and 0.02700. It is a zone consisting of the key Fibonacci support zones - 38.2% to 61.8% - coupled with a series of horizontal support lines ...
Litecoin has created one of the most beautiful charts in the altcoin area. Looking at the big picture, the coin is trading within a bullish channel, creating higher lows and higher highs on the weekly chart. However, the micro picture gives us a different feeling. The coin broke the horizontal support around 0.01000, which represented a significant support in ...
Fiber has been bearish since May this year, basically since the beginning of the year from the consolidation on Weekly timeframe which showed us the Head and was followed by a nice price drop towards the neck and created the right shoulder then broke the neck last week. So at the moment what we are looking at is a short retracement after the neckline/support ...
sell euraud on flag breakout
1.5640 and stop loss 1.5740 and tp is 1.5500 tp2 1.5460
Reason to sell
1> Rectangle breakout and retest breakout
2> Range breakout
3> flag pattern formation and trade on breakout
Good luck and Remember me in prayer
Asad Ullah Jass
Price has pulled back and is now consolidating around the 61.8% fib level. It appears we also have a new trend line forming.
2 things to watch for:
1) Rejections off of the new trend line
2) Can the pair break and hold above the price of 110.75
I'll be plotting buy opportunities if these criteria are met. Initial target would be 112.
Be prosperous be profitable
![BTCUSD: [Red Apple] "still not yet for Bullish Market"_BTC/USD_18.08.16](https://s3.tradingview.com/x/X2EPnq9i_mid.webp "[Red Apple] \"still not yet for Bullish Market\"_BTC/USD_18.08.16")
