LINE
DKNG TAhey guys so now we will talk about DKNG, as you can see we’re trading inside a triangle since July 2020. What I love about this type of pattern especially now on DKNG it’s just how it acts flawless every time we touched the triangle we traded all the way up/down. So this ticker is respecting the trend lines, moreover every time we touch the lower trend line and the RMACD creates a bullish trigger we shoot all the way up. So yes I love the probabilities and definitely when the RMACD will create bullish trigger I’ll take the trade.
Klever trend line analysis (weekly) Trend line has been drawn on a confirmed downtrend that has 12 or more bars moving in the direction of the trend. Trend line has been drawn from the all time high in March of 2021 (highest high) to the current week 24th Oct 2021. Trend line is valid because it has been drawn within 2% of at least 3 peaks. A buy condition would trigger on 2 consecutive weekly closes above the trend line then buying on open the following week.
#XEMUSDT XEM#XEMUSDT @XEMUSDT
Here We Expecting Very Different This long Trade is Temporary This Technical Analysis With Previous All Time High
Keep In Mind.
🟣 Purple Structure
Monthly Structure.
🔴 Red Structure
Weekly Structure.
🔵 Blue Structure
Daily Structure.
🟡 Yellow Structure
4H Structure.
⚪️ Whaite Structure
1H Structure.
Indicator introduction: Auto Trendline & Breakout AlertNote: This indicator will be published soon
In short, this indicator is a tool designed for different purposes:
1) Automatic drawing of trend lines
2) Classification of trend lines based on the reaction of price chart and trading volume
3) Receiving trend lines breakout alerts
4) Analyzing smaller time frames is time consuming and tedious, but this tool makes it easy. The following figure shows 15-min time frame:
How it works?
Trend lines are classified into 6 levels, of which only 3 are enabled by default.
Level 01 (Red Lines) is the strongest level. Therefore, the breakout of these lines is the most important signal of this indicator.
Volume verification helps you avoid fake Breakouts.
As you can see, both the labels and the table show the status of the trading volume when the lines breakout.
Trading volume is classified into 5 levels:
Over volume (confirmed ✅)
High volume (confirmed ✅)
Neutral
Low volume (potential fake breakout ❌)
Minor volume (potential fake breakout ❌)
This indicator can be used on both logarithmic and linear charts. (Scale in the settings menu can be changed from linear to logarithmic)
Finally, this indicator includes a trend line breakout alert and you can be notified wherever you are. you can add alerts to different charts and enter the market in the best conditions.
If you like it, please leave a comment.
Indicator introduction: Auto Trendline & Breakout AlertNote: This indicator will be published soon
In short, this indicator is a tool designed for different purposes:
1) Automatic drawing of trend lines
2) Classification of trend lines based on the reaction of price chart and trading volume
3) Receiving trend lines breakout alerts
4) Analyzing smaller time frames is time consuming and tedious, but this tool makes it easy. The following figure shows 2-H time frame:
How it works?
Trend lines are classified into 6 levels, of which only 3 are enabled by default.
Level 01 (Red Lines) is the strongest level. Therefore, the breakout of these lines is the most important signal of this indicator.
Volume verification helps you avoid fake Breakouts.
As you can see, both the labels and the table show the status of the trading volume when the lines breakout.
Trading volume is classified into 5 levels:
Over volume (confirmed ✅)
High volume (confirmed ✅)
Neutral
Low volume (potential fake breakout ❌)
Minor volume (potential fake breakout ❌)
This indicator can be used on both logarithmic and linear charts. (Scale in the settings menu can be changed from linear to logarithmic)
Finally, this indicator includes a trend line breakout alert and you can be notified wherever you are. you can add alerts to different charts and enter the market in the best conditions.
If you like it, please leave a comment.
GLD ForcastThis most likely course for gold to take over the next week. I believe GLD will fill the gap, test TL, and then be rejected and break down lower. Scalping up to TL, and then Short will be the positions i will be looking to take. I dont believe that Gold will be a safe bet in the event that we see a 5-10% correction in the overall market.
Just for fun - What time is SNLI AM WATCHING THIS LINE HEAD TO THE DOLLAR MARK - while I wait what do you think?
XRP Daily - Trendline BreakUpdate from the previous post, we broke the downtrend, the wedge posted wasn't a great setup once we started breaking lower.
We will see if we reject these retracements above between $1.50 and $1.80 then we can expect a move down.
Alternatively, if we push towards $2 a break above would expect a continuation.
More to follow soon.
COIN : STILL LONGLarge correction yesterday to $310. Slight recovery to $354.20 just below the 0.382 fib, but then it drops to $321.77, forming a higher low, and a new fib to look at. Recovers to the 0.5 line on the new fib, only to drop to $317.43, forming a lower low, but still $7.43 above the all time low. And lastly, some slight upward momentum, breaking through the most recent downward trendline. Seems to be stabilizing. Outside of what little technical analysis is even possible on a COIN chart at this point, I'm still guessing long in the long run... just watching for more info.