As some of you still are not sure in which market we have to trade, bullish or bearish, I want to offer you a market review based on a very simple but powerful trend following indicator. It is Ichimoku indicator where we can get a simple signal about the market direction. If the price is below the cloud, we have a bearish trend. If the price is above the cloud, we...
What do we have? We have a failed attempt to break the uptrend line. The price could not develop a downward movement, but it gave us a local swing low. If we talk about selling in this market, we can use sell-stop pending orders below 1.29500 level. If the price breaks the local swing low, it will confirm the further downward movement. If you want to buy, you...
The market could reach 400.00 level following the upward movement in the BTCUSD market. We got the price reversal, which was confirmed by RSI and MACD histogram. The price dropped below another resistance, and the market has room for further downward movement. If you think about buying, probably the current prices are not so good for this. The market can move...
The price bounced from 460.00 level and dropped to the 1st support zone. This zone is at 250.00 level, and the price action here will tell us about the further direction. If we get a confirmed reversal signal from this support, it will be a new buy opportunity with stop orders below the local swing low. If the price breaks the support and the local swing low,...
The market moved downward following a bearish divergence as a trend reversal signal. It gave us a sell trade below 122.600, and this trade could be profitable. If the price moves back to 122.600 one more time, it will be possible to sell from this resistance using a reversal signal. Stop orders for such sell trades must be placed above the local market high....
The market gives us a trend reversal signal based on a bearish divergence and the 4H chart. MACD histogram and lines support a downward movement. DMI is bullish, but ADX line falls. It is a signal that buyers are not so active as before. If the price breaks the local uptrend line, it will give us a possible sell opportunity based on the trend reversal signal....
The daily chart gives us opportunities to think about buying based on reversal signals from the important support zones. The price reached 140.00 resistance and bounced. We got three bearish candles, which confirmed the correction. RSI is not far from the overbought zone, and it tells us that we have room for the downward movement. MACD histogram supports the...
The daily chart is going to provide us a reversal candlestick pattern. We just need to wait for the close price of the strong bearish candle. If we look at the 4H chart, we also can see a trend reversal signal. The price broke the local uptrend line, and it gives us a strong bearish signal. RSI confirmed the reversal from 9000.00 resistance zone. MACD lines and...
In spite of a trend reversal signal from the bullish divergence, I don't think that the market looks bullish. The price reached the strong resistance zone formed by SMA100 and 0.250000 level. We can see a strong bearish candle that will be able to confirm the price reversal. For this, we will have to wait for the close price. Another strong resistance zone is...
The price reached the support zone formed by the uptrend line and SMAs. We got a reversal signal, which is confirmed by RSI and MACD histogram. It gives us a possible buy opportunity with stop orders below the local swing low. The market has room for the upward movement, and buy trades can be profitable. The market should be added to a watchlist as it gives us...
I think it is better to be on the bullish side if we talk about the USDCHF market. The reasons are the following: - the price tried to break the support zone and failed - we got a reversal candlestick pattern - we got a bullish candle confirming the price reversal - we got a bullish divergence which tells us about a trend reversal - RSI and MACD histogram...
The market forms a bearish divergence, which gives us a trend reversal signal. The market looks overbought, and the trend reversal signal gives more power to sellers. RSI confirms the price reversal. MACD lines and histogram confirm a downward movement. DMI confirms a bullish trend, but ADX line falls. It tells us that buyers are not so active, and we can sell....
I wrote about a trend reversal signal based on a bearish divergence in the 4H timeframe. This post you can find in the related ideas. The daily chart also gives us an understanding that probably the price will move downward. The resistance zone is formed by 9000.00 and SMA200. It can stop and reverse the market, and it will be good. We need a correction...
The price reached another resistance line, and it is SMA200. The price action in this zone will be important for further market movement. As the market made a good upward movement, a reversal, and a correction after that will be logical. We will be able to get new buy opportunities after the correction, where the best will be based on a reversal from the uptrend...
Yesterday I wrote about Ethereum using the daily timeframe. You can read the details in the post from the related ideas. Today, let's look at the 4H chart. The market gives us a trend reversal signal based on a bearish divergence. RSI confirmed the price reversal. MACD supports a possible downward movement. If the price breaks the local uptrend line, it will...
The 4H chart gives us a trend reversal signal based on a bearish divergence. MACD supports a downward movement. DMI is bullish, but ADX line falls. It is a signal that buyers don't have the power to push the price higher. If the price breaks the local uptrend line, the downward movement will be confirmed. The market stays bullish in the long run, but the...
So, about Ethereum. The price broke the resistance zone formed by SMA100 and the downtrend line. It gives us a trend reversal signal. It is a strong bullish signal. What's next? If the market continues the upward movement, the next barriers will be at SMA200 and 200.00 resistance level. They will be able to stop and reverse the upward movement and push the price...
The price reached 340.00 resistance level. We have a trend reversal based on a bearish divergence. I don't think we will see a new bearish trend, but a correction movement will be possible and logical. In order to get confirmation that the market is going to move downward, the price will have to break the local uptrend line. If we talk about new buy...