Big S/R Flip on EURUSD!What a textbook Support / Resistance flip here on the 1.078 levels for EURUSD. An S/R flip is a “support / resistance flip.” That is, when support becomes resistance or resistance becomes support (when support and resistance flip).
I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a level of take profit after a movement like this, where there is no obvious level of support nearby?
- Trading Guru
100eyes
NEOBTC - Strong Hidden Bullish RSI Divergence [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy NEO and enter a coin that just started a strong uptrend.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories
ENJ Preparing For Another Bullish Rally [Support And Resistance]ENJ USDT Here is stuck between a few horizontal areas of support and resistance. Check out the chart to understand what the most important areas are right now, and which lines you should add to yours. The volality is high on ENJ for the 15m and to see this 15% opportunity between clean areas of support and resistance could be a fantastic opportunity.
On both sides of the closest support and resistance which I call level 1 on the chart, we can observe a second level zone that strengthens the view the that eventually the price will fluctuate between them. I deliberately added a stop loss below the second level support, that even if it does break through, we give the price some time to recover and be pushed up to the first level resistance eventually.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories:
ICXBTC Needs To Fall Before It Will Rise Again [Don't Panic!]The price here will find support at three different levels. From the bottom up, we see first the support zone level 2 going far back. Then we have support zone level 1 a little bit more nearby, with a confirmation very recently.
However, when we look at the descending triangle we can see a negative momentum where the support is weakening. Also ICX seems to be in an overall downtrend. I expect that the top two supports will break, but that it will find true support at the Support Level 2, after which it will gain in momentum again.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
RSI Bullish Divergence Detected on QTUMBTC [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for the bulls.
This can lead to a great scalping opportunity. Don't expect huge gains here, but use it as a way to identify a short term reversal. You have to take into account that we're on the 15m timeframe.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BITCOIN Will Have To Make a Decision Soon [TRIANGLE FORMATION]BTCUSDT Here with a perfect symmetrical triangle, which can go either way. We see both a support trendline and a resistance trendline, and the price is closing in on the final decision moment. Will the price go up, or will the price go down? Be warned, because sometimes these critical decision areas lead to high volatility.
The last option is that a decision is postponed, and that BTC will go into a BB Squeeze, lowering both in volatility and volume. Bulls and bears will wait on the sideline to go all-in whenever a decision is made, so keep an eye on any sort of sudden volatility or volume spikes!
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories
The Crazy Rise and Fall of AltcoinsAh, the joyful memories of the good ol' pump and dump days. Though the market is very different this time, crypto has matured a little bit, and the liquidity is way higher to make organized pump and dumps more difficult, there are still similar signs that you should remember.
First of all: DO NOT PARTICIPATE IN ANY PUMP AND DUMP SCHEME. YOU CANNOT WIN, YOU CAN ONLY LOSE.
Got that? Great.
This is no market to trade. Do not FOMO. Don't buy the coin. These are not the kind of trades that make you rich, this is simply the same as going to the casino. Me, and the future you, a respectable trader, do not engage in these situations. We simply hold off, giggle a bit when looking at the chart, and divert our attention elsewhere. We focus on the things that happen every day, make small, consistent, profits of around 2-3% per trade, and call it a day. That's what should make you happy, that's what will get you there in the long run.
Having said all of that... We can see SONM and STEEM getting crazy unsustainable sudden growth, and after reaching their peak their cool down included going all the way back to where they started. I expect the other coins to show similar behaviour and move downwards as well more.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more. I found all of these four coins due to the "crazy volatility" alert from 100eyes.
RSI Hidden Bullish Divergence on BCPTBTC [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy BCPT and enter a coin that just started a strong uptrend.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Which of These Top Market Cap Coins Should You Trade? [In-Depth]During extreme market volatility and outside influence, doing Technical Analysis (TA) can be extremely difficult. The markets move very aligned and if you'd be trading, you'd never be trading a single coin. You are trading the market.
We can look at it from a strength rank point of view, where we put all major market caps in a row, and compare how to put up against eachother over time. In this case ETH took the largest losses and BTC is currently on top, confirming it's status of the gold of cryptocurrency.
During downtrends it's advisable to hold the strong coins, in this case think BTC, BCH, or XRP. But during uptrends the biggest gains could be made by weaker coins, as they have more opportunity to recover percentage wise. During those times ETH, ADA, and EOS are great candidates for trading.
Follow me for consistent high quality updates, with clear explanations and charts.
And please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories:
This One Is For All You Fib Lovers Out There [Quick Updates]Hey all, the Trading Guru is back with another entry on the new series called 'Quick Updates'.
We can see this beautiful 0.382 fib retracement on AUDNZD (see the left side). The price already bounced off once very cleanly on the .382 level. Since the overall trend has a clear reversal on a higher timeframe (see the right side), it is expected that the price continues this larger reversal after making a small retracement on the 15m.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Support Zone for BQXBTC - 14% Trade Opportunity! [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We see here that BQXBTC has just reached it's support zone. This could be a great indication of a trend reversal, bouncing back towards the area of previous resistance. BTCUSDT has been massively on the move recently, pulling all alts dry. Once the upwards trend of BTC stabalises, I expects alts to recover, and for BQX this will lead to a nice opportunity of bouncing to earlier resistance levels.
--- What is The Quick Update Series All About? ---
I am starting a new tag where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
AUDCAD Most Important Levels for Support and ResistanceThe Trading Guru is back again with another updated on AUDCAD. We can see some clear support and resistance levels here, that I showed in previous analyses. But also, we create a few new ones.
A relatively strong resistance is just hit and on the lower timeframes we can already see a small rejection forming. My expectation is that the price will drop again. I added the logical levels for the stop loss and take profit. As you can see, the stop loss will be slightly above the horizontal resistance to give our analysis a little bit of slack. The take profit is right near where the first level horizontal support starts, a logical place to exit the trade.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Tools used:
Free Forex Price Scanner: t.me
Keep It Simple - Clean EURJPY Opportunity Support and ResistanceThis 200 pip opportunity is staring us in the face. After a clean bounce on the support zone we get to expect a small retracement on the 4h to the level of resistance. We can observe a strong rejection in form of a hammer on the support zone, which creates a very bullish bias.
This opportunity has a great Risk-Reward and should be added to your list of ideas for when the market opens again after the weekend.
Support levels are around 118.50
Resistance levels can be found around 121.20
Preparing the week with 100eyes Forex Scanner - CADJPYNow that the markets are closed, we can take a step back and carefully observe all pairs.
After closing in on a strong support zone from the 4h, we see three very bullish signals:
1) The RSI is recovering
2) A hammer has been printed
3) A huge green candle formed after the hammer
This is a great opportunity for a long, and after observing the a confirmation on the price action during the market open we can decide to enter this long trade.