Messy chart, but these three levels are where I am looking to ladder in my entries for CRO/USDT. A few factors create confluence in my mind, including Support/Resistance Levels, Fib Retracement, Decreasing Sell Volume, a big swing away since last 100MA touch and also RSI approaching being oversold and due a breakout. #LADSTRADS
Price has hit a long term support level, as well as support from the descending channel and Fib level from previous move. RSI is also oversold and forming a descending wedge, so many factors indicate a breakout. Sell volume is also decreasing and the MAs should pull price back towards it.
GNO / BTC Short opportunity based upon long term resistance, trend channels, MA Crosses, FIB Retracement and Overbought RSI. FIB retracement levels and trend line resistance add confluence to historic resistance level. Overbought RSI and dip expected by MA retest increase likelihood further,; hgh R trade and high profit % trade.
ETH / USD Short opportunity, based upon expected rejection of the 99MA Level, after closing at the level and wicking above. FIB Retracement Level 3% above entry level also acts as another form of resistance and this is where my Stop Loss is placed. On the 4H and 1H the price is showing rejection and consolidating, struggling to break the MA level. RSI is also...
Buy orders set at Support Level dating back to 2012, the Level has not been tested very often, increasing the probability of a bounce. The level also acted as a strong resistance in the past. FIB level seems the most likely target for the bounce. Possible 8.5% + Trade, with high R.
Short opportunity taken on BTC / EUR based on Downtrend Line acting as resistance (lower lows). Idea seemingly confirmed on the LTF. Trendline is far from perfect and R is not optimal, I would not advise taking this trade. This is just a idea traded while playing with a small account with leftover Euros. If 6,552 is taken trend line is invalidated and should act...
Two potential paths that XMR / BNB takes. Idea may be validated by a close above resistance, or a candle testing the resistance and showing a rejection (closing below). Not in any positions here at present.
LTC / BNB is at all time lows, we have to bounce here or it goes into free fall. There is no historical support any lower on 1W, 1D or any timeframe. The 1H and 4H candles indicate the start of a bounce. If we close below the previous low then there is no known support level remaining - there may be some violent wicks downards.
Short term resistance level on the 1D has been hit and has acted as support, with the 25 MA also adding support at the same level. There has been a large sell of recently of LTC / USD and one would expect a bounce here. A trend of repeated higher lows also adds confluence and a level of support, so a bounce seems imminent. There are no strong resistance levels...
Potential path that BCH / EUR follows, taking into account recent support / resistance levels, massive sell-off on the RSI and big engulfing Bearish candles. Will be interesting to see how this plays out. if 1.32 level gets taken, expect a large drop.
I am looking for a 4th retest of the support turned resistance level on the daily. The price has also caught the 25 MA, acting as a moving support, adding confluence to the idea that we will re-rest the resistance level. Tight Stop Loss placed at invalidation level, slightly below 25 MA and at a level that has acted as recent support. Looking for a 4.5% move up...
2nd Retest of a strong historical support / resistance level, with an easy invalidation level to spot. Not the highest probability set up, but high R and low risk. Seem like quite an obvious set up on both the 1D and 4H. The strong rejection at the first retest indicates strength and increases the likelihood of a notable rejection this time around.
Potential Long, followed by Short at 99MA Resistance. Pattern spotted on the 1D and confluence on the 4H and 1H. Using Support and Resistance Levels as well as the moving Support and Resistance Levels of the Moving Averages. Basic Rounded and Micro-Retests taken into account when anticipating the bounces at both the Long Level and the Short Level.
Two potential paths that Monero / USD 1D chart takes. Expecting at bounce at either the MA Level, or the Support Level that is close to it. Alerts set to buy, with a tight Stop Loss. High R trade, as well as a good potential % trade.