Strong rejection at Fibonacci Level 0.61, making the price to change the direction and to start going to the bottom of the range channel it's been moving since April 23.
We are waiting for the price to get below Fibo level 0.38 to place our short entry, what do you guys think about this #TradeIdea?
After testing the support level around the area 0.02054224, DASH created an ascending channel and now it's on the way to test resistance level, considering the price action and the oscillators, this might be a good place to go long.
After a price correction, Litecoin got to the 0.014000 and it was rejected several times, oscillators and trend indicators are pointing down and also we could mention the triple zero psychological area where the price was rejected. We think there is a good chance to go short and here is our #TradeIdea.
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Price has created a double top pattern in 1H Chart, now we are just waiting for a confirmation to go short just below the neckline. Stochastic Oscillator is coming out of the overbought area and we are witnessing a strong bearish candle.
What do you guys think about this entry?
M&T Bank Corporation (NYS: MTB) announced recently plans to invest heavily on a tech hub to develop financial technology.
Those investment announcements usually have a temporary downward effect on the price, even if the long term effect on fundamentals is positive.
In fact, M&T associated companies have shown interest in financial technology such as...
DASH got to the top trend line of its downtrend parallel channel really strong and it broke it. Now it seems to go back to test that trend line as new support. Considering the candlesticks and the oscillators in 4H Chart and 1D Chart, we place this trade idea going LONG.
#DASHBTC #DASH #TRADINGCRYPTOS #BITCOIN #TRADEIDEA
Recently there was a double bottom chart pattern and the price was rejected in the most recent (strong) support area. After that its price has been trending up consistently. Candlesticks are bullish, oscillators are pointing up, all these together give us a good sign to go long, here is our trade idea!
#TRADINGCRYPTOS #BTCUSD #BITCOIN #TRADEIDEA
We just saw an inverted hammer almost at the top of the channel, and considering the last few times, XRP tested this top trend line it got rejected and this trend line coincided with level 0.38 ascending Fibonacci retracement we will place a short entry to try to get some pips with it.
Since Bitcoin has been bouncing in the most support level it is a buyers area, we are expecting to see it going up again. Based on the strong rejection, candlestick formation, and the support level, here is our trade idea!
After breaking the most recent Daily Chart support and Resistance, DASH starts showing weakness in its way down. It is now bouncing at Fibonacci level 0.78 (1D Chart). Oscillators are coming out of the bottom area pointing to go up, and 2 candlesticks ago we saw a strong bullish hammer.
Considering all this, here is our scalping trade idea!
Ripple its been going down for a while and for the last 48 hrs has been testing the support level 0.00006400, the interesting fact here is, during this time the price had created a descending triangle and now it's at the bottom.
Our trade (scalping idea) goes for a few pips, just to make it fast and more secure, here you have it!
Around 24 hours ago Bitcoin's price re-test the support at level 4900 and it worked, now it appears that uptrend is back and we will be expecting to test the resistance level 5200.
During this process there is a great opportunity to go long, here is our trade idea, do you guys think it gets to the resistance level?
Its been a while since we don't trade the Litecoin and today might be giving us a potential entry to go long.
Litecoin has been bouncing in this uptrend the whole year and we have witnessed only a couple of false breaks.
Today, the price is at the bottom of the channel line which coincided with Fibonacci level 0.61 and it got and strong...
After the spike that hits 0.029000, we are witnessing a price correction and test of the level 0.50. The most recent support and resistance level is located at level 0.61
We are expecting to see DASH retaking the uptrend and consolidating level 0.50 as a support. If this happens, here you have our trade idea!
There are a lot of candlesticks with wicks on it's top and they are creating what it seems to be a descending triangle. Oscillators are located at the overbought section, and all this together might be pointing to a price drop within the next hours.
There is minor resistance at 5355, however, there is minor support too at level 5215 which is supporting the most and biggest bullish swing. Would this support be able to stop the price correction this coin is doing?
If we are right, the price won't be able to penetrate Fibo level 0.38 and it will bounce directly to level 0 which is located a few...
After using as a support the lower trend line of the current channel, both price action and candlesticks are pointing to an uptrend continuation for Bitcoin.
Here you have our trade idea; do you think BTC keeps its way up?