ETH/USD putting a buying tail on the daily, saving the day for many. A retrace into the 230-240 area is buy. Looking to add slowly when this happens tomorrow, if it happens. Breaking above 260 and hold might indicate start of trend reversal.
Ripple is going through a wide consolidation in a wide range. Now that there is a bit more data to go by, it is defining regions that are imho potential buy and sell areas with better R:R ratio. Red circles are sell areas, and green are buys, sorry if I couldn't make it more clear. They are price-action dependent, not just price dependent.
It is clear to me that it is slowly losing momentum from the RSI, although still above 50. There is indecision, and mostly been in compression as you can see by the coiling around the closest HVN (high value node, or most agreed price around 2688). I can only say that a big move is about to happen soon, either up or down. Watch for the break of the upper or...
Looking to enter long at support areas. Scaling in, specially if hits S2 levels. Short to possible swing term trade as I am waiting for BTC to drop further and might need funds to switch back for another trade. Looking for at least 15-20% return.
Looking for a short term trade 10-15% return.
Best entries for Long is closer to support, shown at lower support line. Bullish wedge is forming, similar to a previous one as marked on the left side.
From what I can see, BTC is trying to break the minor downtrend, I think once above 2600 we can confirm that. BTC analysis for me so far is best in higher time frames since the 1-HR chart shows way too much noise. Currently not a good place for either Long or Short as it is trying to develop value, but has been all over the map. Extreme abrupt selling like...
Not sure what is going on out there, but chart indicates strong buying conviction as Ripple tears through two levels of resistance. Keep an eye, holding above 0.30 will indicate an opportunity to rip higher.
More resistance above than below, trying to dig itself out of the hole it sunk into yesterday. Needs to clear above 0.276 and get back into vallue area, otherwise we can expect lower price discovery further down.
After seemingly setting base, crude is holding above Point of Control and looking to snap back up through air pockets above. 1st target is conservative at 23.6% fib retracement, with > 1:2 RR ratio. 2nd target is at 38.2% retracement. Trailing Stop to BE after 20 ticks in favor, with max. SL 25 ticks below.
The case for long can only be made after break of the upper trend channel, and step its way up. Once above 0.30, it needs to hold and build base. Otherwise continuation down is likely with break of lower trend line.
Lots of resistance above upper trendline, repairing above before any potential upward move
Both Long and Short ideas, new channel developing
About to take off, gunning towards ICO price offering - above that clear skies above. Wait to clear resistance and enter long after initial pullback
This is an update as previous idea did not setup. Watching to see how it reaches bottom of the triangular trendline + channel for a Potential Long.
Best place for a long is not right now. Can be played both ways, if Long, wait until retracement. Since it is at top of the channel, worth taking a shot selling the top for a move back down to the mean
Setting up for for both potential shorts and long with targets above and below.