The price broke a very important support level. It pushed the market lower. This breakout provided a bearish signal. But the market dropped a lot and selling in such market conditions does not look like a good idea. So, it is better to search for buy opportunities. If the price moves above 0.84750, it will give us a false breakout and a buy opportunity based on...
The market is oversold. RSI line dropped below 30. It confirms that the price can be reversed at any time, and the support zone at 1.04000 looks like a good place for such reversal. The market must be added to a watchlist. The confirmed reversal signals will be good for buying based on the daily and hourly timeframes. If the price breaks the support and drops...
The price reached the support zone formed by the uptrend line and 74.00 support level. It means that we will be able to get trade opportunities based on breakouts and reversal signals from the daily and lower timeframes. This market should be added to a watchlist. If the price bounces from the support zone, it will give us buy opportunities. If the price breaks...
The price reached the resistance zone, which had acted as the bottom of the horizontal price channel. If the market can move back in the borders of the price channel, it will give us a buy opportunity. Entry Price should be above the local swing high. Stop orders must be placed below the local swing low. Profit targets should be at the upper level of the price...
The market has been moving sideways for several months already. We can draw a horizontal price channel between 1.083 and 0.640 levels. The price reached the bottom, and we got a price reversal signal. RSI confirmed the price reversal. MACD histogram and lines support a possible upward movement. DMI does not confirm the strength of sellers. It gives us a new buy...
The market formed a local bottom between 50.00 and 48.20 levels. We can see a price reversal from this support, which is confirmed by RSI. MACD lines and histogram confirm the upward movement. DMI is bearish, but ADX line falls. It tells us that sellers are not so strong now, and the market can move upward. We can say that the market is at the bottom, and it...
I made a poll asking traders this simple question: "Let’s imagine - you have 10 000USD capital for trading or investing. How will you manage this sum?" with the options like: - I will trade in Forex - I will trade/invest in Stocks - I will trade/invest in Crypto - I will split my capital among different markets! I’m very glad that 33% of traders picked the...
The price reached the resistance zone formed by SMA100 and SMA50. It can give us a price reversal with the further falling to SMA with 200 period. If so, it is possible to think about sell trades using the hourly timeframes. Stop orders must be placed above the local swing high. The main profit target must be at the zone between SMA200 and 1400.00 support level....
The price reached the support zone. We can see how the market was stopped and reversed in this zone several times in the past. The same pattern we should expect this time. If so, the daily and lower timeframes are good for buying based on reversal and breakout signals. RSI did not reach the oversold zone, but it confirms a price reversal. MACD lines and...
The price reached the resistance zone, which did not allow the market to continue the upward movement. We should expect a reversal as for a breakout we don't have solid bullish signals. MACD histogram is going to reverse and give us a bearish signal. RSI also will be able to provide us a bearish signal, if the close price of the daily candle will be not far from...
The market made a good upward movement and reached the resistance zone at 143.00 level. We can expect a pullback from this zone and a new sell opportunity. If the price breaks the uptrend line and the local swing low, it will be the right time to open sell trades. Entry Price: below 142.835 Stop Level: above 143.310 Profit Level: at 141.850 Risk per trade must...
Let's look at Bitcoin using the amazing indicator like Ichimoku and the trading strategy based on it. I draw your attention to past performance. The price passed through the cloud, and we got the bearish trend. So, you must note that when the price is below the cloud, a market becomes bearish. If the price is above the cloud, we have a bullish market. When the...
The price reached the support zone at 1.04500 level, and we will be able to get a reversal candlestick pattern soon. RSI reached the oversold zone. It tells us the market to think about an upward movement. MACD histogram provides a bullish signal and supports buyers. In spite of bearish signals from DMI and MACD lines, I would like to search for buy...
The price reached the resistance zone formed by Moving Averages with 100 and 200 periods. What does it mean? It means that we should be ready to see a pullback, and it will be able to give us sell opportunities based on the daily and hourly timeframes. If we look at the indicators, we will see that RSI has the space for the upward movement. MACD histogram is...
The price moves sideways in the borders of the horizontal price channel. We can try to catch a breakout with the further downward movement. As the daily timeframe looks more bearish, selling based on the 1H chart is a good idea. Entry Price: below 1.10635 Stop Level: above 1.10945 Profit Level: at 1.10005 Risk per trade must be no more than 1% of your capital....
The price broke the local uptrend line and moved sideways. If we get a breakout below 0.91000 support level, it will be a bearish signal. The market will confirm a downward movement to the nearest support levels. If so, it gives us a possible sell opportunity. Entry Price: below 0.90975 Stop Level: above 0.91250 Profit Level: at 0.90425 Risk per trade must be...
The price broke the range and tried to develop a downward movement. This attempt failed, and we could see the pullback to the previous support level, which now acts as the resistance. We can use two key local levels and the price action at them to understand the possible market movements. If the price breaks the resistance, it will be a good signal for buyers....
The daily chart looks good for buying as it dropped a lot. It is time for a correction movement. If so, the lower timeframes are good to search for buy signals. If the price breaks the downtrend line from the 1H timeframe, it will give us a trend reversal signal. We can try to catch a pullback buying above the nearest swing high. Entry Price: above 1.05550 Stop...