Price has been creating lower highs in addition to trading below the 200EMA making me inclined to short. On the daily, you’ll note Price has created a Head and shoulders patten, successfully breaking the neckline. In order to enter this, I’d like to see price retrace the neckline at which point price will likely be overbought and we can look for rejections to short.
Based off TA and though it's at a key support, it's still bearish for me as there are lower highs. Price broke through the key support and retraced back up to the key fib zone so i'm looking for rejections at this area.
In terms of TA, I'm inclined to short this because of how bearish it's been on bigger timeframes. On the weekly, price had broken through a key support and retraced back up to the broken zone which happens to be the 50-61.8% fib zone. I'm looking for rejections in this zone to swing to the downside.
Price has been on an overall downtrend for months, therefore i'm looking to short. As you can see, price has broken through a key support and retraced back to my 50-61.8% zone, in addition to forming a bearish flag pattern. I'm looking for a break of this channel to enter.
As expected, price has broken out of the channel as well as rejected the zone and sold off. Good trade everyone!
Price is above the 200 EMA therefore we're looking for longs. In order for me to want to buy, I'd like to see a retrace after the breakout.
Although price is at a key support, it is still below the 200 EMA so i'm more inclined to short. On the 4h and 1h, you can see price has retraced to the 50-61.8% retracement zone as well as forming a potential bearish flag pattern. In order to sell, I'd like to see price show strong rejections.
Price has been on a steep downtrend for months, ( trading below the 200 EMA), indicating that we're looking for shorts. In order for me to sell, I'd like to see a rejection at the resistance level.
Price has been on a steep uptrend on all timeframes, ( above the 200 EMA), so i'm inclined to look for buys. On the daily, price is oversold in addition to 4h price action bouncing off the 200EMA with strong bullish momentum. This is a clear indicator buyers are in control, so in order to buy this, I need to see price retrace.
Price didn't do as expected. This is why it's important to wait for confirmation before entering trades.
ANALYSIS PLAYING OUT! Price has broken through the lows and is now retracing. Setting a sell limit @0.63768.
Price is bearish and has shown signs of rejection at this zone. A nice head and shoulders pattern has formed; In order to short, i want to see a break and retest of this zone with my TP being the next support zone.
Price is in an overall downtrend ( under 200 EMA), in addition to the creation of lower highs indicating we should be looking at shorts. More so, a head and shoulders pattern has formed awaiting the break and retest of the neckline.
Price has been bearish on all timeframes ( trading below the 200 EMA), so i'm inclined to look for shorts. On the weekly price is overbought and we can see lower highs, on the daily we have a H&S pattern so in order for me to enter a short, I'd like to see price break and retest the neckline with clear signs of rejection.
Price has been on a consistent uptrend on all timeframes leaving me inclined to want to buy. On the daily tf you see price bounce off the 200 EMA and break free of a key resistance. In order for me to enter this trade, i'd like to see price retrace the broken zone before buying.