This market should be added into a watchlist. The price reached SMA100 and the price action in this zone will be able to give us trading opportunities. We should expect two possible signals from this zone like a breakout or a reversal. If the market can break the resistance line, it will give us a signal for buying based on the daily timeframe. RSI and MACD are...
The market formed a double bottom at 1.33000 support level and SMA100. We have a support zone and the reversal chart pattern at this zone which was confirmed when the price broke the signal level. The price made an upward movement trying to break the local downtrend line. The attempt was not successful and the price drop below the resistance line. Now we have 2...
The price reached the resistance zone formed by 1.33000 and 1.33500 resistance levels. We get a bearish divergence which tells us about a possible trend reversal. RSI confirms that the market bounces from the resistance and probably we should be ready to see further falling. MACD and DMI support buyers and the market can try to break the resistance zone one more...
The price could break the uptrend line and drop below the 1300.00 key level. After bouncing from SMA50 the price moved upward and reached a new resistance zone formed by SMA100, the downtrend line and the uptrend line acting as the resistance. Price action in this zone will be able to give us new trading opportunities and insight for possible market movements. We...
The price tries to move above the resistance at 4000.00 level. We can see an attempt to break this level but a new bearish candle tells us about a possible reversal. For the true breakout, the market must have reasons. But now there are no news or other fundamental factors which could increase the demand and push the market upward. Even the price will break the...
If you missed a trading opportunity based on a breakout signal above 50.00 level, now it's not a good time for buying. The market moved too far from good entry levels. It will be better to wait for a retracement and buy based on reversals signal from the support zones at 50.00 or 40.00 levels. These zones are strong as the uptrend lines and support levels form...
The price tries to break the resistance level and move out of the price channel. After climbing above 140.00 level, we get a bearish candle which is going to confirm a false breakout. If the close price of this bearish candle is below the 140.00 resistance level, we will get a reversal signal. RSI is going to confirm the reversal and the same goes about MACD...
I like to read posts and news with titles like "Bitcoin will be at 30 000 level soon", "Bitcoin will cost 50 000USD" "Bitcoin will reach 100 000USD in 2030", "Bitcoin will be 1 000 0000USD in 50 years", "Bitcoin starts a new bullish trend to The Moon" and something like this. They are so funny! Yes, a words combination like "Bitcoin Goes To the Moon" is powerful...
The daily timeframe - the price broke a downtrend line and moved above SMA100. It confirms a trend reversal and new bullish market conditions. The 4H chart gives a stable uptrend where the price reached a key zone where we can get possible trading opportunities. The resistance level at 21500 can be used with a breakout signal for buying. The entry level will be...
The market formed a new swing low higher than the previous one when the price bounced from 15.00 support level. For confirmation an uptrend, the price will have to break the downtrend line and the local swing high at 15.50 level. It will give a new swing high and confirmation of the uptrend. We will be able to open buy trades based on this breakout signal or...
The market looks overbought on the higher timeframes, and this idea is based on a possible correction movement. The price bounces from the resistance - it's 184.00 level. We can use this signal for selling with stop orders above 184.20 and profit targets at 180.00 and 179.00 support levels. This trade gives a good risk/reward ratio, and it can be used for short...
The daily timeframe - the price reached SMA100 which acts as a resistance line. The 4H timeframe - the market forms a new swing high which can be used for drawing a downtrend line. RSI and MACD histogram support the reversal and possible downward movement. There is a strong support zone below the current price. It is formed by 126.00 support level and the...
The price bounced from the resistance zone and moved downward. Now the price tries to break the support formed by an uptrend line and the key 1300.00 level. If this attempt is successful, we will be able to see the falling to 1290.00 and 1280.00 support levels. As the market has made a good downward movement already, trading in the same direction is not a good...
The price reached the resistance zone formed by SMA100 and SMA200. We got a reversal candlestick pattern. RSI is in the overbought zone. MACD lines support the upward movement, but histogram starts falling. These signals tell us about possible reversal from the resistance zone and as a result, we have a new sell opportunity. Entry level should be below the low of...
If BTC keeps the 1st place as the most boring market of March, ETH should take the 2nd place. The difference is in SMA200 strength. When we talked about BTC, this MA could support the buyers, and the price stays above this line. As for ETH, the price bounced only one time from SMA200 and with the 2nd attempt the price breaks this support line. What's next? We...
The market makes a good upward movement. After bouncing from the support zone at 7000.00 level, the price could break the local downtrend line and move above 7200.00 resistance. It was possible to buy based on a reversal signal from 7000.00 level or based on a breakout above the downtrend line. Now, the market is far from good entry levels for buying, but we can...
The price forms a new swing low which is lower than the previous one. It tells us about possible trend reversal. If the price breaks the uptrend line and 111.00 level, it will give us a selling opportunity. Pending orders should be placed at 110.950 with stop orders above the swing high. Profit targets are at the support levels. DMI is bearish with ADX line...
The price bounced from 1260.00 support level and moved to a resistance zone formed by the downtrend line, Senkou A and the key resistance at 1300.00 level. The price action in this zone will tell us about further market movements. For confirmation of the downward movement, the price will have to bounce from the resistance zone and drop below the local uptrend...