Monaco (MCO) buying opportunityMonaco (MCO) buying opportunity. It passed two support levels and 0.00247564 would be a safe entrypoint.
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Entrypoint
Two Demand Zones...Only one way price can go!I think there are two demand zones that price could rebound from, one that was just tested (~65). Now could be a good time to go long from that, but I prefer the demand zone around the 52 level. Depending on how quickly price retraces to that, I would go LONG! Aggressive investors can try to go long at 65 with a 60 stop loss to protect your investment.
Next LSK entry pointA few indicators to support the idea that $0.00107 BTC is the next price for a change in trend upwards, thus a possible entry point.
Not a financial / investment advise, only my analysis.
OMG/BTC - Entry points - Symmetrical patternA clear symmetrical triangle pattern has formed on 1-4hr charts
RSI is low as well as a change in trend with ADX closing into 25 threshold.
MACD has potential for a bullish run.
Either way it is hard to tell but any break of both triangle lines will lead to sharp changes in price
ETHUSD potential entry targetsETHUSD is going down. Suggested entry points for long positions at about 228-206 Fibo levels. Wait for trend reversal confirmation with RSI indicator. Daily chart set up analysis. Good luck!
EURJPY - Neutral entry pointPrice is consolidating around 130.63 area (an intra-annual level). Depending on a break up / down targets could be 131.82 or 129.60 (both are medium-term resistance & support). Wait..
Possible entry levelPrice is fighting right now an interesting area between 0.0001270 and 0.0001170 which were support in January 2017 and resistance in November 2016. Price broke down 0.0001170 recently (which is a detail to consider) and also a recent uptrend line was broken (not retested though). If price confirm and hold below 0.0001170 target could be next support at 0.00007543 area. Otherwise price could back to 0.0001590.
XMRUSD 2H CHART MONERO TIMECYCLE ENTRY LEVELMonero has tested several times resistance on the $47 region.
for long-term positions. A close above resistance, will lead to an immediate target of $52
However, price has been in range between major support and resistance zones for over a month.
Moreover, there seems to be a timecycle we might take advantage for some trades. Bands in red and green are very narrow, to avoid risk.
ATR is low, market on downtrend. Wait for a bounce back up around the cycle, and confirm with RSI, candle pattern and DMI.
WNZ
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How to Trade a Range and Potential BreakoutHello Traders,
All of us want the price action to follow the direction of our trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a price action is patience and a better strategy. When I say better strategy that means the one which keeps you ahead of the others.
In this backdrop, I have tried to spot better entry points in case the price action builds a range after a nice up move and we are visualizing a potential breakout on upside. The basic principle behind the strategy is to "Buy at the low and Sell at the high". It should be noted that the entry spots can not guarantee sure win but surely minimize our risk and increase the chances of reward. After an entry, stops can be placed either below the range or below the prior swing low -- whichever suits the situation.
Same strategy can be applied, in opposite direction, in case the overall trend is down and we visualize a potential breakdown after a range.
Notes on the chart.
Hit like for better educational publications in future. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
BTC:USD ideaAs BTC is trending down, it might hit resistance around 2300. Will it reverse there or continue down to test 2000 level?
BTC Overbought and Ready To Correct ~30%If you look at the past, when the RSI passes the 70 point and sits for a few days each time there is a correction of 30-38%. Here are some points to keep a look out for.
* If you want an entry point, $1320 USD seems like a good place to start being just under 30% of a correction.
* With Rootstock coming out and Consensus next Monday (5/22), unless the dip happens before that date, it could completely avoid the repeating dip.
Let's try and head north on Dash / BTC ? Several interesting elements here :
- Nice oblique resistance
- Hitting a former resistance
- 0.786 fib retracement
Target : as high as you can hold the position without fearing it to go downward, patience being bitter and its fruit sweet, shall we say.
Taking long on bitfinex, this does not constitute an investment advice, beware of cryptocurrencies' high volatility. High might be the gains, but tough it is to manage position, having a good idea isn't enough, the hardest part being trusting your idea and not fear realising it until the end :)
May the force be with you tradersview :)
ETC suggests entry point for longing, beware breakout though !At the bottom of a clean ascending canal, one can only be tempted to go long, especially considering that 0.618 were reached, which indicates profits were taken.
The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though.
The strategy would be to go long and stop loss at breakout, and possibly go short.
Good fortune :)
AUDUSD Short IdeaHere goes my first post...
Shorting the AUDUSD based on the idea that there is re-test on 0.382 on fib, which would set up a sweet entry at 0.74845. I tend to keep my stop losses tight, usually around 20/30 pips away.
Expecting this trade to go down to 1.272 on fib extension which will allow us to bag a nice 304 pips. Expecting trend reversal at this stage as there is heavy support/price action at this position.
AUDCAD Bullish '222' Gartley PatternA bullish '222' Gartley pattern is forming with entry point D resting exactly upon the trendline.
FX_IDC:AUDCAD
Entry point : 1.0061
Stop Loss : 1.0007
Take Profit 1 : 1.0136
Take Profit 2 : 1.0182
Ger30, hitting the ascending triangle / canal limit ?Strong probabilities to head down I guess, at least for the sake of profit retracement. Entry point for me at least.
USDCAD Bullish AnalysisWill be looking for a cheaper price and an opportunity to buy into USDCAD at the .618 retracement in hopes of an ensuing upswing to test the most recent structure high
Don't chase price, wait for a good opportunity to buy low and sell high.
Plan your trade and trade your plan
