Todays Analysis – VETUSDT – Ranging within support and resistance Points to consider: - Weekly resistance - S/R Flip - .382 Fibonacci Retracement - 21 EMA (visual guide) - Volume Climax - Oscillators Neutral VETUSDT is consolidating within structural support and double top resistance after putting in a successful S/R flip re-test. A long trade will be...
We were extremely close to a golden cross on the S&P 500 but todays price action puts this into question. It is starting to look like a major fakeout. Are we going to make a lower low? I dont know, currently we still have 21 EMA on the weekly as support. And with price action above 21 EMA i can’t exacly be looking for a lower low be set.
Evening Traders, Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation. Points to consider, - Local Resistance (Key level) - 21 MA (Visual support) - Technical Target Confluence - Stochastics Buy Cross - RSI Breaking 50 - Increasing Volume RLCBTC needs to close...
ZecUSD Reclaimed 1H 200MA Sitting idly by at 29.0 flat. Looking at every alt and major coin, everything looks like it is posturing to do the exact same thing ZEC just pulled off. Zec Will retest its 21 and 50 1H MAs then attempt higher again. If it holds a 4H bar above the 50Ma Things start looking much better above.
ETH now does not look very good for continuing the previously taken growth trend, however, the whole prospect is ahead. 21 MA takes on the role of super support for this asset, and right now the price is trying to find this support.
Price tested 21 MA. This moving is in the role of support in the bull market and in the role of resistance in the bear market. This time, we observe how the price broke through this moving after the bear and is held above it.
1. Price is trending up 2. 21 MA pinned 3. Support of 1.13 pinned by hammer Buying @ market price 1.13088 SL @ 1.12890 below the pin bar TP @ 1.14123 at resistance As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Bitcoin is about to come in contact with the 21 Week MA (blue top line + yellow dotted line projected direction) which historically, we have not been able to stay above during this bear market. Since the crash in January, we have only been above the 21 Week MA 3 times and never for more than a week. In addition, if you extend out the top line of the meme triangle,...
Bitcoin is nearing the 21 week MA which it hasn't been above since July 2018 and that was only for about a week. In fact we haven't touched the 21 week MA since October 2018 and we all know what happened afterwards. The 21 week MA and 200 week MA will be intersecting near the end of March/early April and Bitcoin will have to make a choice.
this technique works best when the trend is moving up or down, sometimes the calls made on the mid line during sideways can be risky but with other TA such as EW, Fib and MA/EMA you should be able to gauge where you are and use this method as confirmation to your trades. using bars; we are waiting for the bar to close above (long) or below (short) the mid 20ma or...