If we look at the 1H chart of Ethereum, we can see a pennant chart pattern. It belongs to continuation group of chart patterns. If the market breaks the support line of the pennant, we'll see downward movement to 270.00-260.00 levels at least. But the main trend is upward and the price still moves near 300.00 support level. There is a variant that this time the...
Let's imagine that Ethereum reverses and starts upward movement. Where we have to buy it? The 1st entry level should be above the high of a signal candle. It's the candle where there is a confirmation of price reversal. But the market can move upward very quickly and we can miss such trading opportunity. In order to avoid such situation, we can place pending...
News from China pushed the markets down. Bitcoin dropped below SMA100 and 4400.00 support level. It's a signal that now we should expect further downward movement. The market can reach 4000.00 support level one more time. This support level is strong and we have to watch for price action closely. Also 4000.00 support level is the key level for future price...
If the market can't reach 5000.00 level and break above it, we'll have to think about a new correction wave. If we get a reversal chart or candlestick pattern near 4900.00 - 5000.00 resistance levels, it will be a solid signal for price reversal. We'll have to be ready to see downward movement to lower support zones. Let's look at the daily chart and spot the most...
Based on the 4H chart, we can see a new swing high which can be used for drawing a downtrend line. Also this high is a signal level. If the market breaks the downtrend line and moves above this high, it will be a signal of possible upward movement. Of course we can't be sure in it on 100%, but it will be a buy opportunity. Pending orders must be placed at 82.70...
The price bounces from SMA20 and a support zone formed by 320.00 and 300.00 levels. RSI and a reversal candlestick pattern confirm price reversal. DMI allows open long trades. MACD confirms downward movement, but we can trade based on the previous signals. If you want to get more reliable signal, you should wait for MACD histogram reversal. For other traders,...
The price bounced from Kijun line of Ichimoku indicator. RSI and a bullish candle confirm price reversal. DMI allows open long trade. Pending orders for buy should be placed at 4510.00 level. Stop orders can be below the low of the signal candle. It's 3880.00 level. If you don't use marging trading, you can open long trades without stop. The main thing is, your...
The price bounces from 8.00 support level and moved above SMA100. It's a signal that the market is going to continue the uptrend. MACD histogram confirms upward movement. DMI allows open long trades. We have buy opportunity. Entry level for long trades can be above SMA50. It's 10.34 level. Stop orders must be placed below the local swing low. Profit target should...
The market bounces from 4000.00 support level. RSI confirms price reversal. MACD histogram is going to support possible upward movement. DMI confirms strong downward movement, but in spite of this we can trade. The market is in strong bullish trend and we should try to catch a new price movement as quickly as possible. Pending orders for buy can be placed at...
The market gives us a new buy opportunity. Let's look at the 1H chart of Siacoin. We can see that the price bounced from the support zone formed by the main uptrend line and 0.00000157 support level. The double bottom chart pattern gives us a trend reversal signal. Also a bullish divergence, formed by the price and RSI, confirms that the market is going to move...
The price bounces from the support zone formed by 300.00 and 280.00 levels. MACD and RSI form a bullish divergence. It's a trend reversal signal. The market is going to reverse and we can expect further upward movement. It's buy opportunity. Pending orders must be placed above 320.00 resistance level. Stop orders can be at 270.00 level. Profit target is 400.00...
The market dropped to 64.00 support level and it gives us a new buy opportunity. RSI is in the oversold zone and it's going to reverse. MACD histogram is also going to reverse and support upward movement. DMI allows open long trades. We can start building our long positions. This time pending orders should be placed above SMA50 at 71.20 level. Stop orders can be...
The price bounces from the kumo and a support zone formed by 4500.00 and 4400.00 levels. DMI confirms trend market conditions and strong downward movement. If the market does not continue falling, we'll see ADX line reversal. After that that we'll be able to open short term trades based on a reversal signal. Pending orders should be placed above the local swing...
The price bounces from 400.00 resistance level. RSI and a strong bearish candle confirm price reversal. MACD histogram supports downward movement. The market is going to move downward and give us new trading opportunities. We'll have to watch for price action near SMA20 and 320.00 support level. If the price bounces from these levels, it will be possible to open...
The price diverges with RSI and MACD histogram. It's a trend reversal signal. We must be ready to see a short term downward movement. RSI confirms price reversal in the overbought zone. MACD lines are going to support downward movement. If the market moves lower, it will be a good opportunity for opening new long trades. Estimated entry levels will be near SMA20...
Ethereum reached the previous high at 400.00 level. Based on the daily chart we can see that the market is going to reverse. The price diverges with MACD histogram and it's a signal of trend reversal. The market bounces from 400.00 resistance level. RSI and a bearish candle confirm price reversal. MACD histogram confirms downward movement. DMI shows the uptrend,...
Litecoin shows the amazing upward movement. The bulls are strong, but now we must think about further price reversal and a correction movement. We must not buy now, because it's too risky. If we open long trades now, we have good chances to do it on the high. That's why we must wait for a correction and only after that open new long trades. What to do with long...
The price bounces from SMA20 and it can be a confirmation of further upward movement. MACD histogram and RSI confirm price reversal. DMI confirms trend market conditions. We could buy, but 16.00 resistance level can be a barrier for price movement. It will be correctly to wait when the market moves above 16.00 level. Also it's possible to place pending orders for...