RUNEUSD - Keep an eye on RUNERune formed an channel. It is also the resistance of a big triangle since May.
Bullish Stochastic RSI.
RSI formed a triangle.
Support at 6,4 USD.
Support 21-EMA-Daily.
Support also 50-MA-WEEKLY.
Keep an eye on Rune in the next days.
Just an idea.
Exponential Moving Average (EMA)
EGLDUSD - TriangleEGLD formed a triangle.
Support at 21-EMA-Daily.
Next support line at 220 USD.
Just an idea.
EURUSD could target 1.16000 as a consolidation move! There is no doubt that EURUSD is trending lower, however it is completely in an oversold territory as the 4H RSI is indicating bullish divergence. Therefore this pair can be said to be in a consolidation phase. For this trade criteria to be met, the trendline needs to breached, after which the weekly pivots should be evaluated and a long trade can be placed depending on the RR. This might occur this week or next week. The initial target for this pair would be 1.16000 area (present of another descending trendline). However shall this target HIT, we can expect this pair to resume its downtrend towards the monthly psychological support of 1.15000.
Shall there be any updates regarding trade entry, i will post them in this thread.
USDCHF might aim higher shall the resistance break!A pierce of 4H candle through the swing high or the weekly R1 pivot would likely propel this pair towards the R2 weekly pivot. For this criteria to meet, we need the 4H candle to close above the swing high, retrace to weekly R1 and enter a LONG trade to target the weekly R2 pivot. Assessing the RR is very important. shall the criteria meet i will update the details in this thread
LOONIE might target monthly R1 pivot shall the trendline breakTrendline and D EMA break is required on daily TF for this pair to make an upmove towards the MONTHLY R1 PIVOT. The clearance of weekly EMA is also essential in this setup. shall all this take place, the path to the target would have least resistance.
shall there be any updates i shall provide in the thread below
USDCHF Might Target Weekly R1 Pivot shall the trendline breakThere might be a possibility of the current descending trendline break on 4H charts, which if happens the price might move to the swing high at WEEKLY R1 pivot. Shall the trendline break, it is advisable to assess the RR and if feasible a LONG entry can be taken.
Shall the criteria meet, i will update the entry details in this thread
USDCHF Might aim for S1 Monthly PIVOT shall the Trendline break!USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same area with another ascending trendline. Due to this, i strongly feel that the price might go down until those level.
Shall there be any updates i will update the entry criteria below in this thread
How To Trade Support Resistance Levels
Price closed above EMA 10, EMA 20, Trend Line, and Horizontal Support & Resistance Level. Enter at close price of rejection candlestick. Close price of rejection candlestick is 0.73150. Set Stop Loss below EMA 20 Close Price and Low Price. Set Target at next support resistance level.
Support and Resistance Levels are:
EMA 10
EMA 20
Horizontal Line
Diagonal Line
High Price 0.73195
Close Price 0.73150
Open Price 0.73046
EMA 20 Price 0.72939
Low Price 0.72921
Close Price 0.73150
EMA 10 Close Price 0.73045
EMA 20 Close Price 0.72939
Don't expect EURUSD to aim lower! Correction might likely occur
The above link describes how EURUSD might retrace towards the DAILY EMA and Monthly pivot which are both located at 1.16500 region and then from there a fall towards 1.15000 might likely occur.
On this main chart of EURUSD 4H there are possible two scenarios which might take place this week
1) Have a look at the main chart. shall the ascending small trendline break, the initial target would be the S1 weekly pivot. This is a tradable scenario for most of us, provided if the RR is feasible!. However it is highly unlikely that this pair would go further below S1 weekly support. the reason behind this might simply be that this pair is oversold and a correction is highly likely on the cards. So for those who are expecting this pair to keep falling further and further are advised to be careful and not to expect a continuous fall beyond S1 weekly support. Shall the trendline break and price hits this level, we can expect an aggressive buying pressure that would likely propel this pair towards the Monthly PIVOT and Daily EMA which are located at 1.165000 area
2) For the second scenario, if the trendline holds intact on 4H charts, we can expect the price to continue its ascend towards the 1.16500 region slowly. However this consolidation move is very difficult trade as there are various hurdles that needs to be passed. simply put the road to 1.16500 is risky as the price might fall from any point.
Looking at the bigger picture, trading this consolidation up move is risky. The path of least resistance in this pair is to SHORT it from 1.165000 area once the consolidation is complete and the target would be 1.15000 area.
Two targets for AUDUSD to HIT shall the trendline & EMA breakDepending on where the WEEKLY pivots present this week, shall the ascending trendline break on 4H charts there are two targets beneath that this pair might target as displayed on the main chart. However this setup depends on where the WEEKLY pivot appear this week. Once the criteria meet i shall update in the comment section
AUDUSD might aim towards 0.700 support shall the trendline breakThe path of least resistance towards 0.7000 psychological support is open for AUDUSD to test, provided that the trendline breaks. Shall the trendline break, the daily candle also needs to pierce and close below S1 monthly support. Once this happens the price will likely target S2 support that lies just below 0.70000 support.
Shall the criteria take place, it would be good to exit the trade at 0.7000 psychological support rather than S2 support. Await updates in the comment section
TRICKY USDJPY SHORT MIGHT BE A TRAP! TRADE WITH CONFIRMATION!
Take a look at the above image of USDJPY daily TF chart. Its clearly visible that there many hurdles that USDJPY needs to clear before aiming low. In this case, the main chart that shows USDJPY 4H, shows that once the trendline breaks it will likely aim low. Due to this many traders might get trapped should they SHORT USDJPY once this trendline breaks. As a probable consequence, the price might likely start to reverse against their trade and head back up.
A CONSERVATIVE AND PATIENT approach would be to look at the bigger picture and scan for any hurdles that might cause the price to limit its downmove. in this case, scanning the daily chart (have a look at the attached image up). On this chart there lies a Monthly pivot and just below it lies the daily EMA. these two factors have been proven to be a strong support. To trade this setup with confirmation would be to wait for the DAILY candle to pierce and close below D EMA and Monthly pivot. Once this happens a short trade can be taken on 4H charts depending on the weekly pivots. The target which would likely be tested would the area near 110.000 region.
Shall there be any updates, i will post the entry requirements below
Retracement to 1.16500 required before SHORT entry! Target: 1.15EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area.
i shall update the trade criteria once and if the price retarces for a better 1:1 RR.
VeChain - 1 week chartYes…….. VET is still in its massive Symmetrical Triangle pattern.
VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1w timeframe. A very good sign will be if VET closes this weekly candle above its Bollinger Bands Middle Band.
Note that the Upper Bollinger Band is moving sideways and the Lower Bollinger Bands still moving upwards with a slight sideways slope indicating we may see sideways consolidation and a potential BB Squeeze or Pinch on this 1w timeframe.
VET is still safely above its 50EMA on this 1w timeframe.
VET is still safely above its Least Squares Moving Average (LSMA) for this 1w timeframe.
VET has found some resistance fromm its ascending dotted resistance line.
VET is just below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 12 weekly candles that i have selected.
Volume is still relatively low on this weekly timeframe and note that the Volume Bar is still below its Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing that the MACD Line is still under the Signal Line but note that the Red Histograms are decreasing in size slighting. Note that the MACD Line is still above the 0.0 Base Line in the positive zone.
The On Balance Volume (OBV) is indicating a nice rise since the 20th Sept, note that the OBV Line is very close to crossing back over the 9 Period EMA Line. It's not set in stone but we should not be surprised if we have a big move up on this 1w timeframe if the OBV Line Crosses back above the 9 Period EMA line.
For your viewing pleasure i have also added adjusted Support and Resistance areas of interest, shown as black parallel lines with yellow shading.
Note that VET is still in a LONGTERM UPTREND. This will NOT change unless VET crosses under and fails to make it back above its Dashed Ascending Trend-line.
All in all VET is still looking great and still within its Symmetrical Triangle. If VET stays above the Bollinger Bands Middle Band on this 1w timeframe then this could be a good spot to accumulate more for the longterm before a potential breakout to the upside. I still wouldn't get excited until VET crosses and successfully closes above its Symmetrical Triangle Descending Trend-line.
I hope this is helpful with your trading & hold-ing.
XBI Daily SetupAMEX:XBI daily setup:
Double bottom process with 5/20/50 EMAs all tightly converged and accelerating up together.
Entry above today's high at 133.44
Stop below today's low at 130.23
Profit target is 149.50
Risk/Reward is 5.0
Quick BTC 1d chart updateBTC has broken out upwards from its Descending Triangle and made a successful re-test as support.
BTC is above its Bollinger Bands Upper Band and note that the Upper and Lower Bands are expanding away from each other indicating increased volatility. Note that the Bollinger Bands Middle Band Basis 20 Period SMA is also pointing upwards.
Using the Ichimoku Cloud 20,60,120,30 settings:
The Ichinoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is upwards.
Note that the Ichimoku Cloud Leading Span A (Senkou Span A) is pointing upwards. Also note that upwards momentum has been strong enough to make the Ichimoku Cloud Leading Span B (Senkou Span B) point upwards. This is a VERY GOOD THING as its raises future support levels for this 1d timeframe.
Note that BTC is way above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 4 daily candle that i have selected.
Note that Volume has increased and note that todays Volume Bar is above its Volume 20 Period Moving Average.
The On Balance Volume (OBV) is looking really great with strong upwards momentum and note that the OBV line is above its 9 Period EMA. Note how using a 9 Period EMA on the OBV indicator is very useful.
The Moving Average Convergence Divergence (MACD) is looking really good with 6 increasing Green Histograms, note that the MACD Line and the Signal Line are both back above the 0.0 Base Line and back in the Positive Zone.
A couple of scenarios to ponder now that BTC is way above its Bollinger Band Upper Band on this 1d chart:
1: BTC may continue walking upwards on the outside of the Upper BB for a few more days before an inevitable retrace back under the Upper BB, consolidate for a bit, and then continue upwards.
2: BTC retraces back to the previous Descending Triangle Trend-line, BTC test it as Support and then continues upwards.
3: BTC Drops to either its Ichimoku Cloud Conversion Line (Tenkan Sen), Ichimoku Cloud Base Line (Kijun Sen) or to the Bollinger Bands Middle Band Basis as its lowest support.
At the moment of typing this, BTC is showing no real sign of stopping yet, but In any case, if there is a retrace, it shouldn’t come as a surprise.
I hope this is helpful with your trading and hodl-ing.
ZECUSD ZCASH Entry At The Exponential Moving Average (H4 Chart)ZECUSD (Zcash). Pin Bar Trading Strategy Using EMA 10, EMA 20, Trend Line, and Momentum. Action: Wait For Price To Pull Back And Form A Rejection Candlestick At The EMA 10 EMA 20. (H4 Chart)
ZECUSD ZCASH Entry At The Exponential Moving Average ZECUSD (Zcash). Pin Bar Trading Strategy Using EMA 10, EMA 20, Trend Line, and Momentum. Action: Wait For Price To Pull Back And Form A Rejection Candlestick At The EMA 10 EMA 20.
Leaving that 21 EMA behindSame as last october, It looks like we are leaving the 21 week EMA behind... Lets see how far we can ride this !! :)))
RUN Daily TriangleNASDAQ:RUN looks like it is about to break the bottom of the triangle and could be in big trouble. MACD just turned negative and the last 3 bars formed a pattern similar to an evening star.
Will short taking out the bottom of today's bar. Stop loss above yesterday's high.
A TEST OF 1.17900 MIGHT BE ON THE CARDS FOR EURUSD NEXT WEEK!A possible swing trade might be developing next week on 4H EURUSD chart. a break of 4h EMA and trendline might target the above trendline that lies in the 1.17900 region. in that region other confluence factors lie as well: the D EMA and M pivot.
shall the criteria meet i shall update the entry requirement in the thread below
Atlas-USD | FTX - Breakout of Channel Target 0.10Hello Folks and Crypto Friends,
after a long way down to me it looks like we could take a breath for Atlas.
It´s breaking out of its downtrend channel ATM in 1h TF.
First, wait for the retest. EMA 50 Is supporting that breakout so i expect it works.
You can enter round 0.077 - 0.079
TP: 0.82 , 0.85 , 0.93, 0.102
SL: 0.742
So no financial Advice - Just my 0.10 Cent :)
DIOR
Good Luck and have fun!
TRXUSDT "H1" TriangleAs you can see, the price was fluctuating in a triangle. Now, the triangle broke from above and we had a retest candle on broken trend line which I displayed with an arrow.
Also we have a EMA50 that price could broke that too. Now, we have a resistance in EMA200. STOCHRSI gave us buy signal. We may wait for a pullback and then we can enter a long position. Please check the H4 time frame too with EMA 50 and 200 too. We can hope for a change in the trend (to a upward trend) after the two EMAs 50 and 200 had a bullish cross.
**"Do not base this analysis for your trades. Analysis is purely educational."**
