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CPR

DENT/USDT - Binance - Potential channel and bull flag breakout Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet. Channel break DOWN measured move meets the 100EMA and red CPR line. If there's further downward movement you could DCA at the lower red CPR lines. Channel break UP measured move meets the 3.82 FIB and the 1st green CPR line (around 0.006148). Further upward movement could lead to two potential pole moves; yellow meets the 1.0 FIB extension (0.007148ish) and white hits a green CPR (0.007382). All eyes on BTC
Long
by dimuthj
OMG/USDT - Huobi - Potential Bull Flag and DCA OMG at resistance meeting top of pink channel. If it bounces at the 21EMA step line then price could break up and out to meet the pole's measured move. Green CPR line also meets the pole's measured move target range. Closing below the 21 EMA steps could bring price back lower into the pink channel. Price could bounce on the green 50 EMA and/or blue CPR ranges. Lower still, the red 200 EMA could be good for a bounce and long around $13.88. Could get a potential wick down to grab the $12.88 range also maybe. All dependent on BTC as always.
Long
by dimuthj
7
Potential reversal area on btc. It is a "potential" reversal point. So keep an eye on it. the monthly L3 with a stop loss maybe halfway between the L3 and L4. daily is oversold. Fear is high. I am not sure how many shorts are stacked but the market has gotten pretty bearish. So keep an eye on this level Also I notice the cpr (purple lines) are quite wide which indicates ranging behavior. It has been ranging so that could maybe be ruled out. Also we have not officially tested the H3 level and generally the first level 3 visited tends to be reversal. However we did visit the central pivot area so that is possible to be counted as a visit as it is resistance. So it is not the strongest argument for a long. However it is possible to see it happen from that L3 level or around it
by Gunslinger2005
4
BTC likely has a technical bounce likely coming. but from where?Want to draw your attention to the purple line. the cpr or central pivot zone. notice how price reverts either direct to strike these levels reguardless if price continues or reverses. This same thing happens on daily cprs, weekly, and monthy cpr with over a 90% rate of occurance. This chart is projecting the future weekly levels. it is possible that the reversion happens prior to the close. or following... likely from the coming L3 which right now is at 31k These types of bounces reguardless of how frequent are hard to play because the developing or "next level" s they are labelled on the chart is hard to be sure of before they are set in stone. That being said dca is a possible stradegy. Currenly the incoming cpr levels are 2 to 4k higher than this price point. So I would expect a bounce from these regions or 30 / 31.5 up the where the new central pivot is formed upon the weekly close.
by Gunslinger2005
5
EOS eosusdt monthly camarilla pivotsDaily chart. with monthly cam pivots. So long as it can bounce off of or hold above the monthly L3. It might be a good entry position after some long consolidation. It is worth noting that the weekly stop loss level for those wanting a stop loss (aka level L4) is around 4.28. For those who want to run a tighter risk reward trade Also a wide cpr and untested monthly pivot shows hints of a higher possibility that the price may range instead of simply tank from here
Long
by Gunslinger2005