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200maresistance

ETH: FACING RESISTANCE HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick ETH update. ETH is forming a triangle like pattern in 4hr time frame and currently facing resistance at the upper trendline. There is also a 200MA strong resistance. For a short term bullish rally, ETH needs to break and hold above this 200MA. In case of rejection we might test the support level again. Supports for ETH is at $1270 and $1240 level. Hope this chart will help you. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
8
BTC/USD - weekly 200MA is now resistance againA quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1 week timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards on this 1 week timeframe. Note that the Lagging Span (Chikou Span) is still under the previous price. BTC is still in a massive Ichimoku Y Wave and it is also in a new Ichimoku P Wave on this 1 week timeframe. BTC is also still in a massive Descending Wedge Pattern. BTC is still well below its Bollinger Bands Middle Band Basis 20 period SMA on this 1 week timeframe. Note that the Lower Band is still pointing downwards and the Upper Band is starting to curve downwards. We should keep an eye on both the 50MA and 100MA on this 1 week timeframe because the 50MA is curving downwards and may cross back under the 100MA. The weekly 200MA is now resistance again so we will have to see if BTC can attempt again and succeed in crossing back above the 200MA and turn it into strong support. It’s always important to have a little patience, do your own research, check multiple timeframes and if needs be, to wait for confirmation like a close above the weekly 200MA and successful re-test as support. From my opinion, if in doubt, a successful close above and re-test as support of a crucial level in whatever timeframe you are trading in is....... crucial. It should be another interesting week. I hope this is helpful with your trading and hodl-ing. Notes: 50MA = Orange Line 100MA = Purple Line 200MA = Red Line
BITSTAMP:BTCUSD
by entertheroach
1
$QNT retests the 200 MA After the quad bounce off of the 0.786 resistance line yesterday (Larger Circle), the $QNT market headed towards a retest of the 200 MA (Smaller Circle). It was beautifully executed, both the 200 MA and the ichimoku cloud were touched, retested and successfully held their ground. The $QNT market is on its way up again following the uptrend line I had drawn a few days prior of buying what seemed to be the bottom of this run. Hopefully we can see some very nice profit over the next couple of days! Thanks all for taking the time to view this idea! feel free to leave a comment and let me know if you agree with it or of there is anything I should consider on top of this information. I wish you good luck! <3
Long
by KneeSlappaa
8
SPY the Bulls Are Back In Town...Hello Traders, I hope you all are doing well. I just wanted to shoot a quick update for anyone a little shaken by the market or confused as to what's going on. TLDR: Yes, there are still geopolitical concerns, but at the moment it's not important to the market, because we've already seen the response of the world and it has strengthened relations of NATO and basically blocked off Russia from World Trade and Financially. The Market's prefer hikes over inflation, and technical trading signals are still nearly perfect (as seen in above and below charts). So we have our answer as to who's economy is really likely to crash. Although the US would like to help more, there are limitations as to what we (the US) and other countries can do without sparking a Cold War or WW3, so the markets are pretty content that everyone is threading that needle. Now, why did the market bounce off the fed announcements? Many people without context assume that tapering and rate hikes are a bad thing for the markets; their thought process is that it makes valuations less attractive, due to more difficult borrowing for companies and consumers... This idea isn't wrong, it's just that they're missing a few pieces of information in that logic. First, the markets like policy that are good for the overall economy. Tapering and hikes will help fight inflation; monetary tightening is a signal that the Fed believes the economy is on firm footing. That is a good thing. The market easily prefers hikes over inflation worries. Second, historically, while stocks tend to fall the month following rate hikes, they typically end the year up around 5%. Lastly, there is progress on the geopolitical front. The World has condemned Russia's leader's actions; as we see a constructive movement in negotiations between Ukraine and Russia, signs from China that it will roll back its broad regulatory crackdown and play a little nicer with the rest of the world. We do also predict gas prices to continue in a downward spiral and fall substantially in the coming months due to the panic buying subsiding, along with other geopolitical and psychological factors, which need not go into too much detail on. (It's important to note for those unfamiliar, the US is the #1 producer of crude oil, with about 20% of global supply, Saudis at around 12%, Russia 11%, and Canada at 6%). As such, the US is not reliant on Russia for oil; unfortunately, some of our allies are, to some extent. The Chart As a technical trader, that was a lot of fundamental analysis. Sometimes it's good to have both, especially when catalysts are often the driver on big movers. As I mentioned in my previous posts, technical trading has been on-point. Almost to the penny. On Weds, March 16th, SPY gapped up, perhaps on the positive geopolitical news mentioned. Now we're sitting on a trend reversal and (yet again) a retest of the 200MA. Honestly, I think we will hang around the 200MA even if we do break to the upside, at least for a month or two as I had predicted back in January (see below) . Please see for references. January. If you appreciated this please: Like, support, share, follow. Sincerely, Mike (UPRIGHT Trading)
AMEX:SPY
by UPRIGHTTrading
4
SPY in 200ma retest today as predicted.Hello Traders - This will be an important day for technical traders. We need to see what happens with the price action around the 200ma before we can make a truly educated technical analysis, in my opinion. A lot of analysis, appear to be skipping ahead.. Unless they saw a pattern or are using more of a historical data technical analysis--are really just guessing. I saw a lot of these doom and gloom predictions make the front page and didn't see any of them mention a retest of the 200ma except one in the comments after... I guess sensationalism gets the most eyes, right? Looking at you @TradingView "editor choice." ;) I hope everyone is having a great day! Cheers, Mike (UPRIGHT TRADING)
AMEX:SPY
by UPRIGHTTrading
SPY 200MA retest incoming.. Still.Hello Traders, We've seen a pretty bullish start to the week. AAPL is what, 8pts from it's ATH's.. Pretty impressive numbers in that ER, but with the volatility we're seeing it's still a little surprising. I'm not going to say we're entirely out of the woods yet, but what I will say... The doom and gloom that blasted the frontpage everywhere was quite a bit overplayed. Geopolitics is still a non-starter (with the exception of barrel prices.. no one cares right now), and rising rates are a mixed bag, they will push inflation downward and the banks/high cash balance sheet companies (think AAPL/GOOG/BRK.A/BRK.B), will be essentially unaffected or given a competitive edge against startups/small-cap growth. I think we will see more volatility as the year progresses, however, I don't think it will be exceptionally different than other midterm years. We may hang around the 200MA a little longer than a Bull or a Bear would hope, but we'll definitely see pops in both directions. Again, retest of the SPY 200MA is imminent.. Still! Could even hit the gap-up and later retest it as support. Good luck traders. Cheers, Mike (UPRIGHT Trading)
AMEX:SPY
by UPRIGHTTrading
SPX Looking to retest the 200.Hello Traders - After the last few trading sessions you're probably almost convinced that the sky is going to fall out, that geopolitics are an issue right this moment, and that we're headed for a crash. I'd like to let you in on a little secret... When everyone thinks there will be a crash, there isn't one. Now don't get me wrong, we did just have a solid pullback from ATH's, and while it wasn't a small pullback, we did complete an IHS pattern and hit it's target pretty accurately. Then after gapping down to recession territory, shortly before FOMC's meeting probably had some Bulls a little worried. Personally, I don't think Geopolitics is yet factored into any market movement. The pullback was more related to COVID resurgence causes uncertainty, and if there is one thing the market doesn't like.. It's that. Not only this, midterm election interest has been pulled forward and midterm years are almost always more volatile. Lastly, inflation worries. These are the big 3 currently affecting the market, could the Ukraine situation become an issue for the markets? Well possibly, but I can't imagine it having an affect anywhere close to the China Trade War, because that actually directly affected the markets (i.e. tariff and embargos between two extremely active traders). With more reliance on Clean energy the geopolitical posturing on the border of Ukraine will mean even less for the US and its allies. With all of that out of the way, back to a quick technical analysis. Looks like we will see another retest of the 200MA very soon. This should give us an idea of where we go from here. Cheers, Mike
SP:SPX
by UPRIGHTTrading
Bitcoin broken the 200 MA, what's next?Technical analysis: #BTC (Daily Update) Welcome to this quick update everyone, In Daily timeframe Chart, Finally, After 5-Months Long Consolidation, Broken out of the Descending Channel to the Upside. Daily Candle Closed Above the 45k & 200-days Moving Average (MA200) In Daily & 4H timeframe, RSI Bearish Divergence has Still Valid.. Overall, Bitcoin Bulls in Complete Control but In Short Term, A Pullback Would be Healthy for Strong Uptrend📈 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
by Bitking786
USDJPY 107.178 -002% SHORT IDEA Good Day Everyone Here's my idea on the USDJPY pair looking at two possible scenarios on the pair, looking to see if the descending channel holds or we will see a break above the channel and see a move to the upside, the pair is fairly close to my 200 MA so i will look for the channel to hold and see a move to the downside to go retest the structure unless we break the 200 MA and trade above it... __________________________________________________________________________________________________________________________ ENTRY AND SL - FOLLOW YOUR RULES RISK MANAGEMENT PERIOD - SWING TARGET 1 - 106.74 TARGET 2 - 106.142 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
ONTBTC Trade Inv. H&S| Volume Profile| 200 MA Resistance Evening Traders, Today’s Analysis – ONTBTC – breaking its neckline zone if it’s Inverse head and shoulders. A retest and hold of the .618 Fibonacci is a long opportunity with defined risk. Points to consider, - Macro Inv. Head and Shoulders - Neckline support (Retest) - 200 MA Immediate Resistance - Oscillators Neutral - Volume Profile in synch ONTBTC has broken out of its macro bullish pattern; the technical target is in confluence with structural resistance. The Neckline retest will allow for a long entry with defined risk. The S/L placement logically is at the recent thrust candle. Retest and hold of the neckline will solidify it as support and further confirm the reversal pattern. Immediate resistance is the 200 MA, price initially has respected it. Breaking this resistance will be very bullish; reaching the technical target will become more probable. Both oscillators are neutral in retrospect with the pattern. Trading above the 50 level gives a bullish bias in the market. The volume profile is in synch with the pattern, the recent volume spike confirmed the neckline break. Volume follow through will be key when reaching the technical target. Overall in my opinion, ONTBTC has a very clear inverse head and shoulders at play. Retest of the neckline, (.618 Fibonacci), is a valid long entry with defined risk. Breaking above the 200 MA will increase the probability of reaching the technical target. What are your thoughts? Thank you for following my work! And remember, “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Long
by AzizKhanZamani