FTSE 100 BUY 4HTREND CONTINUATION INVESTORS WILL SUPPORT THE UP MOVE. RSI OVERSOLD + SIGNS OF CORRECTION
Guppy
GUPPY - idea -GUPPY is another great example of an Alt Coin that will not go much below the current price at .00005619, BUY.
GUPPY (GUP) update to it's bullish pattern on Elliot wavesGUPPY (GUP) update to its bullish pattern on Elliot waves.
Wave 'c' in this pattern has extended a little down, so here is the updated version of the previous Chart.
GUP still in triangle showing bullish sign, going for 'd' wave
GUP forming a bullish pattern in an elliot waveGUP i.e. Guppy forming a bullish pattern in an Elliot wave on 1D graph.
GUPBTCLong term this is a buy it looks like it has a new floor and that would be 0.00006950. That would be the best entry if it ever does hit that price again. Looking at the chart right now it looks like it has hit major support and will continue to steadily rise. The red lines I have put up are 4h support/resistance lines.
Considering the major target area will be 1-1.618 fib levels. If you have any questions please comment below or add yourself to the facebook group CRYPTO QUESTIONS bit.ly
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GUP - To the moon!GUP is forming nice symmetrical triangle which are normally continuation pattern.
Wait for the price to breakout and close above the triangle with good volume
1st Target Price 8750
$GUP partnerships would improve the value more $QTUM $TRXPerceived value would improve in two weeks time
GUP 15M Timeframe Chart 15 December 2017GUP, another favourite of mine. Really nice to swingtrade on this one. The fibonacci levels are from a bigger frame, but just let's you see where it bounces nicely.
The RSI is staying above 50, this is a green signal. Als MACD stays positive as well.
We may draw two support lines in this case, as it has two pretty important ones:
- the top one is an earlier resistance before the big jump up, now it looks like we have a support on that level
- the bottom one it dropped down when BTC started running and can be found as a second support.
Scenarios:
- breakout on this level and perhaps some new up movements or at least nice swingtrades
- drop to the lower support level and breakout from there
- drop out of both support levels (unlikely), in that case we'll be using a stop loss and/or potentially buying on a lower level again.
I'm buying on this level to start, if it drops down I'll accumulate more Guppy to lower my average buyin.
GUPBTC Guppy. Descending Wedge?So, what I see from gup chart, that it's repeating all coins history, going to correct some and fly to new ATH. Will buy some at 0.000036 - 37. Stop-loss 35. Good Luck !
GUPBTC: Massive volume today following the fork news! GUPBTC had nearly all of its coins traded today. It was up as much as 100% on massive volume. Looking at the hourly chart, the RSI has cooled off to neutral territory. GUPBTC has already completed a 50% retracement on low volume, but could further pullback to 61.8%. Look for a move out of the falling wedge on volume. We believe this is a safe place to enter with stops below the middle bollinger band on the hourly. First target is .000045 and then a retest of todays highs!
Weekly Perspective (Guppy)Hey Guys,
GBP/JPY continues sharp breakout flow on Thursday to hit its highest level since early-February, extending the sharp breakout move that has been in place for more than a week. This breakout was initiated last week on April 18th, after UK Prime Minister Theresa May called for a snap election to be held in June.This political move was undertaken so that May could secure a solid mandate to deal with difficult negotiations with the European Union as she sees fit, amid the ongoing formal process of UK/EU separation. The pound rose sharply on that announcement due in large part to the fact that May’s Conservative Party remains far ahead of the Labour Party in polling. This would then promote greater stability for both the UK and its currency.As the pound has continued to rise in a relief rally, the safe-haven Japanese yen has fallen sharply for more than a week as a strong, risk-on environment has taken hold of the markets. This has especially been the case after this past weekend’s first round of the French presidential election, which showed the market-friendlier Emmanuel Macron gain increasing support over his far-right rival, Marine Le Pen.During Declining Brexit concern that has alleviated pressure on the pound, as well as decreased risk aversion in the markets that has reduced demand for the yen, GBP/JPY has correspondingly been boosted sharply to break out well above a key downtrend line extending back to December’s 148.00-area high. This surge has been sustained up to Thursday and could continue to drive GBP/JPY higher, barring any UK political surprises or major market-disrupting events on a global basis. The next key upside resistance level is around the 145.00 area. With any further breakout above 145.00, GBP/JPY could once again begin to target the critical 148.00 resistance objective.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
GBPJPY Breakout, Resistance turn support level GBPJPY has broke out of a bullish triangle formation. Expecting follow through of the run up.
Resistance turn support area at 139.9-140.5
GBPJPY aggressive LONG trade idea up to 165 bullishGBPJPY aggressive LONG trade idea up to 165
looks like it is setting up for a next bullish drive here
intraday price action, reversion to mean considering also volumeAlways with regard to doing some backtesting evaluations aimed to spotting reversal, let’s consider only intraday, and only slow Guppy Multiple Moving Average - GMMA.
reversals seem to be often signaled by the concurrence of:
1)high distance (say 1 or 2 STD, it should be checked out) from vwap, while
2) price vs all slow GMMA, or at least most tehm, are on opposite sides compared to vwap.
Then the problem is the determine when a backtesting exercise could take the signals of starting reversals.
Two possible evaluations can be done: (1+2)_a) or (1+2)_b)
(1+2)_a) In extreme movements one quick and dirty blind criteria could be that of taking the signal when the distance of price from vwap is greater than the distance of the slowest mov.avg on the other side of vwap; at this point enter and manage the trade in backtesting and wait its reversion to the mean.
(1+2)_b) in other conditions, not so extreme, the signal could be based (I haven’t yet completely figured out how ) both by looking to crossovers between price and fast GMMA or also, alternatively, at crossover between prices and a short length (say 3 or 4) McGinley Dynamic indicator.
Too bad I can’t program!! It would be great fun to carry out these kind of testing.
GBPJPY - Short ideaI have noted some confluence on the 4 hr chart for the Guppy. It looks like a potential swing trading opportunity to go short. Perhaps I'll hold until the end of the week.
I've broken my reasoning up into three areas below:
- 21/9 MA's have recently crossed
- Key Fib level lines up with resistance/support
- Broken support now turned resistance
Although my fundamental view of GBPJPY is bullish, we have recently made a lower high on the 4 hr and if resistance holds I think we could see a move lower to the next support level, around the 170.80's area.
I don't normally trade against the larger trend, however as this set up meets my trading criteria I have decided to take a small position.
There is also a good risk/reward ratio. It may not suit smaller accounts if the loss will consume more than 1% of your account size.
