For better understanding the whole picture, I recommend you to read my previous post about Bitcoin. You can find it in the related ideas below the text. This post will provide you more details and tell you about additional signals. We have an amazing situation and let me explain why I think so. Based on the 4H timeframe, the market formed a pennant chart...
The price reached the resistance zone. The bearish candle confirms the price reversal. If the market continues the sideways movement in the borders of the horizontal channel, we can sell from the resistance with the profit target at the support. Entry - 1.27950 Stop Loss - 1.28300 Profit Target - 1.27100 Risk management - 1% per trade.
The daily timeframe - the market reached the support zone. The 4H is a workable timeframe. The price moves sideways between the support zone formed by 0.88800 and 0.89000 level and 0.90200 resistance. Buy based on a reversal signal from the support zone. Additional signal - a breakout above the downtrend line. Entry level - 0.89300 Stop Loss - 0.88950 /...
The market should be added to a watchlist. It looks oversold, and it can provide interesting buy opportunities in the nearest future. The price is not far from the strong support zone between 1.30200 and 1.30000 levels. RSI is at the oversold zone. The price has been falling without corrections. If there are fundamental reasons which can increase the value of...
The market looks overbought on different timeframes. The price reached the resistance zone. It looks like a possible sell opportunity for the short term trading. Entry - 74.730 Stop Loss - 74.835 Take Profit - 74.510 Risk per trade 1% from the capital.
The price bounced from the middle line of the descending price channel. After that, it broke the main trend line and jumped above 10 000.00 key resistance. What's next? As we can see, the pump changed the situation at least for the medium term. The idea about the further downward movement to 6000.00 support should be suspended. The reason is - the breakout of...
Several days ago, the price broke the swing lows, which formed the local support zone. It gave us a new bearish signal and confirmation for the further downward movement. We got a strong bearish candle, which showed us that sellers could have the power to push the market lower. The next day after that passed in a narrow range, and it gave us a doji pattern. This...
The price reached the resistance zone formed by the main downtrend line and 1500.00 resistance level. It is good because in this zone, the market will be able to give us trading opportunities based on different timeframes. If the price breaks the downtrend line and moves above the resistance zone, it will be a signal confirming the downtrend reversal and a...
The price reached the uptrend line. From the higher timeframe, this zone is also supported by SMA200. We have a strong support zone where the market can give us interesting buy opportunities. We can see that the price broke the local downtrend line. It is the signal that the downtrend is not so strong now. The 2nd downtrend line based on new swing highs can be...
The market looks overbought, and we should expect a downward movement in the short and medium term. The price broke the uptrend line. It gave us a trend reversal signal and a sell opportunity. RSI confirmed the price reversal. MACD supports the further downward movement. DMI tells us that buyers are not active. It is possible to sell based on a reversal from...
The price reached the resistance zone formed by the main downtrend line and 3.00 resistance level. It means that the price action in this zone can give a possible trade opportunity or show us the further direction. Let's say that in spite of poor fundamental factors, the market is going to move upward. If so, we have to wait for a breakout above the downtrend...
If we look at the daily and 4H charts of GBPUSD, we will see the overbought market. The price reached 1.30000 - the strong resistance level based on the round number. What does it mean? It means that we can use lower timeframes for searching good sell opportunities. The 1H chart can provide us an interesting sell signal based on a breakout below the main uptrend...
The market stays bearish, boring, and all the previous ideas are still workable. I wrote about the bullish plan, and I wrote about the terms for the bearish plan. These posts you can find in the related ideas, and I advise you to refresh your knowledge. The price stays at 8000.00 key level. The market could not develop the upward movement and bounce from SMA...
This post will be good for those who don't believe in Technical Analysis, indicators, and trading strategies based on them. The market provides a very good example explaining WHY it does not move higher. The reason is - the price reached the resistance level, and in this case, it is SMA200. If we talk about the daily timeframe, the market stays bearish with...
The market made a strong upward movement during the previous week. What's next? The price reached the resistance zone formed by SMA200 and 1.27000 resistance level. It will be logical if the price bounces from this zone and moves downward to the main uptrend line. This correction will be good for selling from the lower timeframes, and it will provide new buy...
The price reached an important support zone formed by the main uptrend line, SMA200, and 1.81000 support level. What does it mean? It means that we have two trade opportunities in both directions. Should we buy or sell - it will depend on the price action in the zone and the direction of a breakout. Let's make it clear. If the price bounces from the support zone...
The daily chart tells us about the downtrend. It means that for getting more reliable signals, it will be better to search for sell opportunities using lower timeframes. In this post, we will talk about two possible entry zones for sell trades. The 1st entry zone is below the local swing low and 1.21000 support level. If the price breaks this support, it will be...
This is a market with a good price for buying - it should be added to a watchlist. If Bitcoin moves upward, EOS will follow the main crypto coin. If so, we will have a rather interesting trade opportunity. Look at the daily chart, please. The price follows the downtrend line, which tells us about the bearish trend. If the price breaks above this trend line, we...