There is a trading idea that is based on the price reversal from the 100.00 support zone. RSI confirmed the price reversal as well as MACD histogram. If the price breaks the local downtrend line, it will give us a new bullish signal and a buy opportunity. Entry Price: above 105.45 Stop Level: below 89.05 Profit Level: at 138.40 Risk per trade must be no more...
If we look at the 4H chart, we will see the Head&Shoulders chart pattern. It belongs to a reversal group of patterns. We need to get a breakout below the neckline, just in order to confirm this pattern. The price tried to break this signal line, but now we have a reversal from this line. It means that a strong bearish signal probably won't be developed into a...
The price is going to move above SMA100. What does it mean for us? We can get a false breakout, and it is a new bullish signal. The price will reverse and try to break the local downtrend line. If this attempt is successful, it will be a trend reversal signal. I'm talking about the short term trend. If the price moves above the downtrend line, the 1st target for...
Well, if you expect the continuation of the uptrend, you will probably be disappointed. The price broke SMA100, and it is a bearish signal. If we don't get a quick reversal, we should be ready to see a new downward movement to the zone at 8000.00 level. We have the combination of SMA200, the old downtrend line, and the round number, which make this zone good for...
I wrote about the trend reversal chart pattern in this market. You can read more details in the post from the related ideas. The market gave us several trend reversal signals, and now I would like to offer you to look at the market using breakout signals above the important swing highs and lows. What is a downtrend? It's a market movement when we have lower...
The price can't move above 350.00 even we had several attempts. It means that for the market 350.00 resistance is important. The price action at this zone will be able to provide us additional signals supporting an upward or downward movement. The price broke SMA50, and it is a bearish signal. Probably the price is going to bounce from 350.00 and move lower to...
The price broke the uptrend line and gave us a solid bearish signal. The market continues the downward movement, and for us, it will be better not to join this movement, but wait for a reversal and try to catch a pullback. The 1st support zone will be at 55.00 level. If the price reverses from this zone in the daily or hourly timeframes, it will be possible to...
I would say that the market looks bullish and it is more interesting for buying. The price reached the support zone formed by SMA50, SMA100, and the uptrend line. We got a bullish candle confirming the price reversal. MACD histogram confirmed the price reversal. Today, the market tries to move back to the main uptrend line, and probably we will see an attempt...
We don't have a sell opportunity in this market, but if the price breaks the resistance zone formed by SMA50, the downtrend line, and 0.66500 level, why not to buy? The breakout above the resistance zone will give us the 1st bullish signal. We can use it to open long positions with stop orders below 0.66150 and profit targets at 0.67000 and SMA200. The breakout...
The daily timeframe gives us bearish signals. The 4H chart tells us about a strong resistance at 18.50 level. The market could not break that level even it had several attempts. RSI confirms the price reversal from the resistance. The same goes about MACD histogram, which also supports further downward movement. If the price breaks SMA50, it will give us a...
The price bounced from the uptrend line and moved upward. RSI confirmed the price reversal. MACD histogram confirms a possible upward movement. The price could break the local downtrend line. It gave us a bullish signal in the direction of the main uptrend. Entry Price: above 116.80 Stop Level: below 114.15 Profit Level: at 121.95 Disclaimer! This post does...
The market gave two false signals for buying and selling. The price consolidates at 1558.00 level. We have the market, which can move in both directions. It is not so good for trading, but it will be able to give us a better understanding of how to trade in the nearest future. MACD lines and histogram supports sellers. If the price breaks the local swing low, it...
The market looks oversold based on the daily chart. RSI confirmed the price reversal from 1.07300 support level. MACD histogram confirms a possible upward movement. DMI is bearish, but ADX line falls. It tells us that sellers are not so strong, and we can open long positions. We have a buy opportunity, but it will be better to search for exact buy signals in the...
It is another market, which will be able to provide interesting trade opportunities for both directions. The price moves sideways above the support zone abd below the downtrend line. What does it mean? It means if the price breaks the support level, it will give us a sell signal. We can use it in the daily and lower timeframes. The market will have room for a...
The price reached the support zone formed by SMA100 and the uptrend line. The market is going to provide us a reversal candlestick pattern. In spite of bearish signals from MACD, RSI, DMI, the lower timeframes will be able to provide us a new buy opportunity based on a reversal signal from the support zone. The price can break the support zone as well. If so,...
I want to say that Bitcoin is bullish in the long run. I can support my position by the following arguments: - the price stays above SMA50, SMA100, SMA200 and they confirm the bullish trend - the price bounced from the support zone formed by SMA50 and SMA100 - we got a new swing low which is higher than the previous one - the price broke the local downtrend...
What about the EOSUSD market? In the daily timeframe, we can see how 3.70 resistance level stopped the upward movement. We got a new swing high, and we will use it for confirmation of a possible upward movement. If the price breaks this high, we will get a bullish signal. The target will be at 4.00 round number, and buyers will try to break the market high as...
Does this chart pattern look like Head&Shoulders? What do you think? Share your ideas in comments, let's discuss them! For me, I can say that the market forms Head&Shoulders chart pattern. It is not confirmed yet. But if the price breaks the neckline, the pattern will be confirmed, and we will get a trend reversal signal. The main target for sellers will be the...