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Bounce

YFI - Testing A Key Support, Will History Repeat itself?YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend. MACD is still bullish, though weakening ever so slightly. priority is still up. RSI just left overbought, position is strong. This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel. If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
by cryptosince1963
2
GBPAUD - Bullish Deep CrabWell, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was looking at, with RSI at the overbought area and other things, I've already engaged the trade.
Long
by RaynLim
ETH TESING THE LOW OF AN ACENDING CHANNEL: BULLISH SCENARIO🚀Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc. In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and beyond. ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Long
by FieryTrading
IS LINK PREPARING FOR A NEW ALL-TIME-HIGH?Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%. In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs. Will LINK bounce and ascend to new all time highs or will its crazy run-up finally come to an end? ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Long
by FieryTrading
3
ACB- Dead-cat bounceIn range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for more conservative approach (Refer to the chart attached below) Proceed at your own risk. Allocate only the small % of your capital and set the tight stop loss. Not the financial advice
A
by Libratus
STORJ - Potential for 30%+ Swing from the Golden Fib??STORJBTC 1D hit a historic support level, right on the golden fib as well. RSI is looking ripe for a reversal still and volume has been shrinking on the downtrend; a sign of trend weakening. I would expect a small correction up, if not a full reversal. Potentially up to fib .5/EMA 100, then possibly a retest of support if it doesn't go straight bull up to EMA 50. We still have strong positioning on the EMA 's with 50 being above 100. This tends to indicated overall bullishness, so if we can must a rebound here there's a potential for a bullish breakout through the top trend-line. Either wait for the retest, or if we see solid signs on the breakout from the down-channel buy in then. SL and short term TP's mapped. -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963
NZDCHF Daily S/R|Impulse Sell|Support Zone|Oversold Bounce| PAEvening Traders, Today’s Second Analysis – NZDCHF- breaking below Daily S/R with an impulse, an oversold bounce is probable. Points to consider, - Price Action Bearish - Supply Zone Target - Daily S/R Resistance - Oscillators Extended - Declining Volume NZDCHF’s immediate price action is bearish breaking key daily level; this allows us to have a bearish bias on the market. The initial target is the supply zone; a bounce here is probable as the base of the bullish engulfing resides in confluence. The Daily S/R is crucial resistance; a back test will confirm a bearish retest of the level. Both oscillators are approaching oversold conditions; this increases the probability of an oversold bounce. A volume influx will coincide with this as current volume is low. Overall, in my opinion, NZDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
Long
by AzizKhanZamani
DASH - Signs of Reversal Showing?DASH has seen a steep decline in value since it's high at almost $190. Feels like a lifetime ago... It's been trading in a steady downchannel. Big picture, we can see signs of a consolidation triangle forming, with the tip being relatively soon. INDICATORS: MACD divergence shrinking. could be a good cross coming. Stoch on the uptick but not overbought. Volume big spike on the recent resistance retest and bounce down. Since then, big drop. Also decreasing sell volume on red days. last 3 green candles in a row have all posted higher buy volume. EMA we're well below all major EMA's. This is often a sign of a reversal. Trading on a hard fib level right now. Overall Thoughts: We're seeing a trend across the markets right now of big price corrections across the board since BTC has been relatively stable the past few days: SXP, LINK, XMR, YFI, etc., etc. DASH tends to trade in that class of cryptocurrency. I sense there's a high probability this will take off soon. Indicators are pointing towards shrinking downtrend, we had a bounce off some solid support, and overall trends are pointing towards long term price consolidation for DASH. Look for a short term dip you might be able to buy, SL under previous low as long term triangle makes it unlikely we'll dip below there. TP's on the chart. Remember it's a 1D chart: It might not move all at once. Be patient. -- "Perceive that which cannot be seen with the eye." - Miyomoto Musashi -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963
NEO - When Will the Ole' Neo Bounce?NEO (formerly Antshares) is an open-source blockchain decentralized application platform, originally founded in 2014 by Da HongFei and Erik Zhang. They have since its rebranded to NEO from Antshares in 2017. We saw our spike years ago, back when 0.015 BTC for an alt-coin was not a bad price, but definitely not as rare as it can be considered today. After ages of trading sideways, we saw some action recently, hitting highs around 0.0020. Since then it's been a pretty sharp correction, with a clear downward resistance forming. On smaller timeframes, it looks like we might get a little bounce. But with the low volume on the first support test, I feel like like we probably have a little further down to go. MACD is majorly bearish and we've got a lot of room to go until we correct down to our notable EMA's We're bouncing off an EMA level right now on the 4h chart, so may get a small correction up. But wouldn't bet on it right away. Stoch is oversold, and has been for some time. OVERALL THOUGHTS Don't make a move right now, chances are we'll see a bump down before we're in solid buy territory. Area is marked on the chart as well as a potential TP. TP - 0.0020700 + Safest course of action is either buy the retest with a tight stoploss or wait until you have confirmation of a breakout from that downward resistance on the charts. -- “...maybe sometimes it's riskier not to take a risk. Sometimes all you're guaranteeing is that things will stay the same.” -Danny Wallace, Yes Man -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
4
KNC - New Life in the Old Dog?KNC is another ERC-20 token, meant essentially as a governance token for the Kyber Network. We saw a breakout the other day from a clear descending channel we've been in for quite some time. Since then we seem to be bouncing between a solid new found support range and resistance with a slight decline. Watch how it acts the next few days, it may be shaping up for a bigger correction upwards. I think a clear indicator will be price consolidation as we shrink further into the purple support band. MACD is heading into bull territory. Stoch right in the middle of the road, looking strong but not overbought. Just about to hit EMA 100 TP's are below. Stop loss around 20% TP 1 - 1.13 TP 2 - 1.34 Good luck and be safe! This isn't financial advice.
Long
by cryptosince1963
2
CCU, Dead Cat Bounce (bearish) I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 70% TARGET (EXIT) PRICE = 12.38 USD BREAKOUT (ENTRY) PRICE = 12.66 USD DISTANCE TO TARGET PRICE = 0.64% EMERGED ON = Oct 02, 12:00 PM (EDT) CONFIRMED ON = Oct 02, 02:55 PM (EDT) WITH CONFIDENCE LEVEL = 73% The Dead Cat Bounce pattern appears when a security's price falls quickly but has a temporary “v­-shaped” recovery before resuming its downward trend. The temporary bounce (from point 2 to point 3) may be explained by shorters covering their positions or buying by investors who think the price has already reached a low point. It is important to wait for the confirmation move, which is when the price breaks below the low where the dead cat bounce occurred (point 2). Trade idea If the price breaks out below the price where the dead cat bounce occurs, then day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the pattern’s height by measuring the initial fall (from points 1 to 2). Then calculate the target price by subtracting the pattern height from the breakout price level. When trading, wait for the confirmation move ­ prices falling below the breakout level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
NYSE:CCUShort
by AlTorress
KAVA - Punch Up Soon?KAVA has been one of my favourite crypto's in terms of profit.. It has very consistent moves and once it starts going it tends to finish the move. Inclusion in a few liquidity pools means lots of demand right now. Price is low ATM great time to snap it up. Heading to bullish on the MACD 1D, may turn bearish on the 4H. Stoch isn't in over bought yet on 1D, near over sold on 4H. Short term gains incoming? Volume is low ATM. If the market pumps continue this will start soonish. Below the red EMA's on both charts. I should make that EMA green, because it's basically the money line. Might be able to catch a bounce based on 4H, but best plan would be don't bet the house on it and plan to reload a smaller initial long if it bounces. Bottom support rather unlikely to break, but set an SL below it just in case. Nothing is certain TP's #1 - 0.00022 (EMA on 4 HR) #2 - 0.000237 (EMA 100 on 1D + fib level) #3 - 0.000282 (fib level + previous spike) SL: 10% max from here. I don't see it going past the bottom. Be safe, good luck. This is not financial advice.
Long
by cryptosince1963
2
ZRX - Ready for big move? QUICK IDEAI've talked about ZRX before in detail. It's been in a slight uptrend the last few days. And the market has had a habit of taking off lately... hmmm... I've noticed a few trends on the 1D & 4H chart that might lead us to a decent entry point before take off. Indicators on 1D: MACD has cross bullish STOCH is strong. just leaving oversold with LOTS of headroom. Increasing volume since uptrend. Just crossed EMA 20, has 2 EMA's left to bounce to quickly. Indicators on 4H: MACD has bearish cross incoming but is strong STOCH is in freefall About to bounce off EMA 50 OVERALL Good idea to get a small amount in this swing, if we get a bigger drop we've been seeing climbing support so likely won't be huge. Upside short term and long term are updated and marked on chart. Be safe, be kind, don't touch your eyes after eating spicy food, and this isn't financial advice
Long
by cryptosince1963
2