I see a 2-3 week swing long setting up. Will wait for confirmation.
Good rally off the lows on friday. PA has gained, and bulls are supporting .382. Looking to reclaim daily trend support after the initial rejection. Bulls will hold the orange box. IF that breaks, look again in the golden pocket. Not advice....
Bulls could find support in this area. We have some confluence with the golden pocket and bullish support in this 38-37.3K range. If 37.3 doesn't hold, wait for the box..Not advice here, make your own judgements.
With the stock market in flux, I've decided to take my talents back to the forex market. I've applied a very similar strategy that I employ in the stock market as an intraday and short swing trader to the FX market and will take note of the results this week. Done a few charts already, but this is a compelling long setup technically. Of course the fundamentals...
Bear pattern established from price rejection. Testing PA to see if resistance can become support and it probably won't. Earliest strike is the white line right above the golden pocket. I should be clear that I don't trade fundamentals at all, so it is possible that the trend could reverse with the right news cylce. Apart from that, IF it can hold this pivot...
If it has a chart, i can trade it. My main discipline is Stocks but people have been asking for TA on a few popular Crypto's so here we go. You can see the PA has advanced nicely, and has now retraced into the golden pocket. Clearly retesting a breakout from diagonal resistance, will it hold is the question. We wanna wait for a clear signal with either a...