The price is just above the before active support/resistance level. As it has also been broken a few times, I am waiting for confirmation in the form of a bullish candle closed above the support. If I see confirmation looking for a long position and taking profits at around the 0.618 Fibonacci level. If we see a break beneath and no confirmation of the support,...
EUR/USD at big support. Looking for the price to touch it, and as the RSI is getting oversold looking for a correction, and a bounce of the support. Going into the trade more conservatively, so waiting for a proper retest of the support before looking for a bullish move. We could see a break beneath the before mentioned support, which would be a bearish indicator...
LTC is approaching major support. As the bearish movement is very violent I am questioning if it will even hold the pressure. Looking for the price action at the support. A retest and a bullish candle will confirm it. If we see a bearish break beneath, it will probably go even lower.
The price is at rising support. Looking for a bullish move from here, I am looking for a break above the indicated resistance before as another bullish signal. Trading on a breakout, but it could make another retest of the resistance, and a move towards support, completing the triangle formation before the breakout and a bullish leg.
The price made a channel formation bouncing from the support and resistance lines. Right now we can see another retest of the resistance line, providing us with two different trading possibilities. One is to trade a breakout which I believe will happen either at this or the next retest in the bullish direction. The other is to trade the movements inside the...
LINK made a breakout above the indicated area that has been active both as support and as resistance in the past. I am waiting for a retest of now support level and looking for the price action there. If it holds and makes a confirmation looking for a bullish move towards the previous high. If we see a break below then looking for a bearish setup.
The price made a symmetrical triangle formation after a big bearish drop. As the breakout out of the symmetrical triangle formation is usually in the same direction as the impulsive move before it, I am looking for the price to go even lower. Looking for a breakout on the bearish side, as the price is getting close to the tip of the triangle. As the XRP movement...
The price of the LTC has been moving in the bullish direction for a while with smaller pullbacks to correct the aggressive bullish moves. As the trend is your friend, I am looking for a bearish pullback towards the rising support and another bullish bounce then. This setup provides us with quite a bit of safety, as the trade is only active on a proper retest of...
The price made a bullish breakout out of the symmetrical triangle formation. As the RSI gets overbought I am looking for a smaller bearish pullback towards the highs in the triangle indicated by the support line on the chart. A conservative way to trade this would be to put an order in on a touch of support. A more aggressive approach would be going into the trade...
As the bullish movement has slowed down a bit by a rather big bearish candle, I am looking for a smaller bearish retracement. The first area for a pullback that I am looking for is the 0.786 Fibonacci level. If it doesn't hold the bearish pressure, looking for a pullback towards the indicated support line. However, this is not the move that I am looking to trade...
AUD/USD already making a smaller reversal in the bearish direction, supported by the overbought RSI. Waiting for the price to touch support, looking for a bullish leg towards previous highs.
A conservative trading setup on ETH/USD. Looking at the chart, we can see that the price made a bullish breakout above the indicated upper resistance line, now acting as support. Looking for a retest, and monitoring the RSI if it becomes oversold, indicating a bearish reversal. Entering at a retest, taking profits at previous highs.
The price is touching the rising support once again. Looking for what will happen here as this is a decision zone for planning the next trade. Should we see the rising support holding the price above again, trading the bullish bounce off it. We may see a bearish break below it. In this case, I am looking for a bearish retracement towards the indicated support zone...
The price is retesting the resistance for the third time. If we see a breakout, looking for a big bullish leg. Wait for the confirmation of the breakout if it happens. Good luck.
Litecoin is making a bearish corrective move after a bullish leg. Looking for another bullish bounce off the indicated support line. If the price happens to break below it, looking for a bearish move towards the lower support line. Good luck!
The price is at a level that has already acted as resistance a few times in the past. Looking for another retest. If we see a bullish breakout above the zone,looking for a retest of it as a support and then a further bullish leg. If the bullish move gets rejected, looking for a bearish pullback towards the indicated support line. Good luck!
The price has formed a symmetrical triangle formation. As the impulsive move before this corrective structure was bullish, I am looking for the breakout to be bullish as well. Looking for a breakout before opening a position. Stop loss just below the resistance level. If we see a bearish break out of the corrective structure, then looking for a bearish move...
The bearish price movement just made a break below the indicated support line. Looking for a retest as it now acts as resistance and then a further bearish bounce. If we see another break above the indicated line, it has been invalidated and needs to be corrected. Good luck