Let's talk about Dash. The market dropped from 140.00 resistance level and now the price bounces from SMA50. RSI and MACD histogram confirm the price reversal. DMI is bullish with the falling ADX line. The combination of these signals tells us that the correction movement probably is finished. The market can continue the upward trend. This reversal signal could...
The price bounces from the support zone formed by SMA50 and the uptrend line. RSI confirms the price reversal and MACD histogram is going to support buyers. This reversal signal can be used for buying for short term based on the hourly timeframes. The profit target should be at the downtrend line. But I would like to talk about the medium and long term trading....
Let's look at Bitcoin using Ichimoku indicator and the 4H timeframe. The price dropped below the cloud. It means the market became bearish and it can move lower. DMI is bearish too with ADX line moving upward above 20 signal level. It tells us about the trend market conditions and the strength of sellers. For the market, the support zone at 5000.00 is very...
The price reached the main support zone where the market will be able to give us a good buy opportunity or break the bullish structure. This zone is formed by the main uptrend line, SMA100 and 9.00 support level. DMI is bearish and supports the strength of sellers. MACD lines give a bearish signal too, but the histogram is going to confirm the price reversal. RSI...
The price reached a possible reversal zone. It is formed by 4.50 support level, the uptrend line, and SMA50. This zone can stop and reverse the falling market. It can give a new buy opportunity. For confirmation of the upward movement, the price will have to break the downtrend line. This breakout can be used for buying. If the price drops below 4.50 support, the...
As I wrote in the previous post about Bitcoin that the market would be able to form a new swing high and it would give us a bearish divergence, now the market confirms it. We have the bearish divergence which gives us a trend reversal signal. I won't tell you that the bullish trend will be reversed, but this signal we can use as the solid confirmation of the...
The market gives a solid trend reversal signal based on a double bearish divergence. RSI confirms the price reversal and MACD supports a possible downward movement. DMI is bullish and confirms trend market conditions. But ADX line falls and it tells us that buyers become weaker and we should be ready to see a correction movement in the uptrend. Will this...
After a good upward run, the market starts a correction. We got a reversal candlestick pattern and now we have a strong bearish candle. RSI confirmed the price reversal from the resistance zone at 76.00 level. MACD supports the further downward movement, and MACD lines are going to do the same soon. The price tries to break the local uptrend line, and it looks...
After bouncing from the downtrend line, the price dropped to the support zone at 160.00 level. The price action in this zone will show us further market movements. This zone includes the uptrend line which makes it solid. If the price bounces from the support, the market will be able to move back to the downtrend line. If the price can break this resistance, we...
The market moves downward in the borders of the descending price channel. We have a bearish trend and a bullish divergence which tells us about a trend reversal. As we use the 1H chart, the trend reversal based on this time frame can be like a correction on the higher timeframes. The price will be able to move upward and reach the main line of the price channel....
The market keeps the bearish trend. The strong support at 2.60 could not hold the falling market and this level was broken. DMI is bearish and confirms trend market conditions. ADX moves upward, and it tells us above the strength of sellers. MACD lines support the downward movement too. If we look at RSI, we'll see a possible reversal. The market can be oversold...
Every Wednesday I make the live streams on the Youtube channel. Let's try to test a new format here - in TradingView. This post will be for collecting your questions. If you have any questions about trading, investing, money management, different markets and so on, write them below this post. During the stream, I will reply to all of them or pick the most...
The market is going to form a strong trend reversal signal. If the daily candle is closed at the current levels of below, the market will start forming a new swing high. This swing high will be higher than the previous one but RSI and MACD will make new "highs" lower than the previous ones. The price will diverge with the indicators and it will give us a bearish...
The market continues the upward movement after bouncing from 5000.00 support level. Probably some of you think about a missed opportunity to catch this uptrend, and you want to rush with opening long positions. If you a beginner trader or just a trader with lack of knowledge and you don't understand how the markets move - for you, it's the perfect time for making...
The market keeps the uptrend movement. DMI is bullish, ADX line confirms trend market conditions and the strength of buyers. If we look at RSI and MACD lines, we can say that the market is overbought and we are not far from a correction movement or maybe a trend reversal. We can see also that the price is not far from the strong resistance zone at 2935.00 level....
The price reached SMA50 which acts as a resistance line. We can see the previous two weeks when the market moved in a narrow range not far from this line. Such price action at the possible resistance zone gives us information that the market took a rest for some time. We have a period of consolidation which can give us a reversal signal or a continuation signal....
The market reached the top, what's next? We have a strong resistance level at 7700.00 which could stop and reverse the market in the past. The price action in this zone will show us further market movements. As usual, we have two possible variants which can be interesting for us. If the price breaks this resistance, the market will be able to move high and...
The price bounced from the medium line of the price channel. RSI and MACD histogram will be able to support a possible upward movement if the market gives us a strong bullish candle. But the price is not far from the resistance zone at 1280.00 level which played as a strong support level in the past. Now it can be the strong resistance and stop the upward...