The price bounces from the support zone formed by SMA100 and 3000.00 support level. RSI and MACD histogram are going to confirm price reversal. In spite of DMI shows strong downward movement, the current levels are good for buying in long term. Open long trades above 3600.00 level with stop at 2900.00 level. The main profit target is 4800.00 level and the rest of...
The price bounced from 36.00 support level. RSI and a strong bullish candle confirmed price reversal. MACD supports upward movement. ADX line of DMI indicator starts falling and it tells us that we should not expect strong downward movement. Based on this signals it's possible to open long trades and hold them in long run. But if you need confirmation that the...
The market drops to SMA100 and the support zone which is formed by 55.00 and 50.00 levels. It's good correction of the previous upward movement. In spite of all indicators confirm downward movement, it's possible to buy in order to build long positions. Pending orders should be placed above 55.00 level. Stop orders can be below 47.00 level. The main thing in such...
Bearish divergence gave a signal that the market could reverse from 4900.00 level and start correction movement. RSI confirmed price reversal in the overbought zone. MACD histogram confirms downward movement. We have good signals confirming that the market can drop lower. Since the beginning of 2016 year, the market has passed through 5 correction movements. Every...
The price bounces from SMA100 which is a strong support line. RSI confirms price reversal. MACD histogram supports upward movement. DMI allows open long trades. Also a bullish divergence confirms a reversal of downward movement. We can expect that the market starts a new upward movement. Pending orders for buy should be placed at 1330.00 level. Stop orders must be...
The support zone formed by 1.21500 and 1.20000 support levels can be a starting point for a correction movement. A bearish divergence gives a trend reversal signal. MACD histogram confirms upward movement. RSI confirms price reversal from 1.21500 level and do it in the oversold zone. We have buy opportunity. Pending orders can be placed at 1.22250 level with stop...
The price breaks the support line of a pennant chart pattern. We have a signal that the market is going to move lower. MACD confirms downward movement. The next support zone is formed by 55.00, 50.00 support levels and SMA50, SMA100. Probably this zone will be a starting point for a new upward movement. We should watch closerly for price action at this zone and...
The market tries to move below the support zone formed by 4000.00 support level and SMA50. MACD confirms downward movement. DMI shows trend markets conditions and confirms downward movement too. If the market does not bounce from this support zone within several days, probably we'll see falling to SMA100. But for this the market will have to break 0.382, 0.5 and...
The symmetrical triangle mainly forms during a trend as a continuation chart pattern. But this time the price broke the support line and we should consider this pattern as a reversal one. The market confirms that it's going to move lower. Will it be true or fake signal? We'll see soon. But now we must follow the market movement. Based on this triangle, we can spot...
The market passed through the cloud and reached the strong downtrend line. Pennant chart pattern gives us a signal that the market can break the downtrend line and start a new uptrend. We should be ready to catch this movement. Pending orders for buy must be placed at 0.65000 level with stop orders at 0.57000 level. Profit target is 0.75000 resistance level. The...
This is a short term trade. The price moved above the cloud. From this moment we should search for buy opportunities only. The local high is a good level for placing pending orders for buy. It's 4380.00 level. Stop orders should be placed below the local swing low and the uptrend line at 4135.00 level. The main profit target is 4600.00 resistance level.
The price bounced from the support zone formed by Senkou B, the uptrend line and 1.19500 support level. DMI confirms trend market conditions and allows open long trades. Pending orders for buy can be placed above 1.19800 level with stop orders below 1.19500 support level. Profit target can be near the resistance level.
The price bounced from 64.00 support level. RSI confirmed price reversal. MACD supports upward movement. Moving Averages move in different directions and it tells us about range market conditions. ADX line of DMI indicator falls and confirms that the market consolidates. Based on the previous highs and lows we can draw a triangle chart pattern. Triangle can be a...
The daily chart of Ethereum gives some information about possible price movements. We can see that the market moves around 300.00 level. This is a strong support zone formed by 0.382 Fib level, SMA50, SMA100 and the uptrend line. We can consider this zone very important for further price movements and 300.00 level as a key level. If the market can break this...
The price diverges with RSI and MACD histogram. We have a bearish divergence which is a strong trend reversal signal. The double top chart pattern also shows that the market is going to reverse. RSI confirms price reversal. MACD supports downward movement. DMI allows open short trades. We have sell opportunity. Pending orders must be placed at 1.31800 level. Stop...
The price bounces from 4000.00 support level. RSI confirms price reversal. MACD histogram supports upward movement. We have buy opportunity and we can continue build long positions. Buy above 4300.00 level with stop orders below 3950.00 level. Profit target should be near 4700.00 level. The rest part of long trades must be used for long term trading. Don't invest...
The price bounces from 200.00 strong support level. RSI confirms price reversal. MACD histogram supports upward movement. We have buy opportunity and a double bottom is an additional signal confirming trend reversal. DMI allows open long trades. The daily chart is also good for buying. Entry level should be between 220.00-225.00 levels. Stop orders can be placed...
The price bounces from the support zone formed by the uptrend line and 280.00 level. RSI and MACD histogram confirm price reversal. In spite of DMI indicator, which shows the power of bears, we can continue building our long positions. Pending orders for buy should be placed above 300.00 level. Stop orders can be placed below 275.00 level. Profit targets should be...