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EURNZD: Price Bounce LikelyEURNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Long-Term Trendline (since Feb 2017) - Price at Fibo 38% levels - Price around Horizontal Trendline (since Jan 2018) - Divergence of 8 EMA and 50 EMA quite wide - Stochastic Oversold momentum Suggested Trade: Entry @ Area of Interest 1.6610 -1.6750) SL: 1.6464 TP: 1.1.7228 RR: Approx. 2.80 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
Strong bounce from falling wedge support!Bitcoin dropped to the bottom of the falling wedge and experienced a strong bounce from $6160 support. Wait for break above wedge resistance to enter trade. StochRSI approaching oversold and price is fast approaching the wedge apex for a breakout before the end of November. Bitcoin has been garnering higher lows since June and has found strong support on the uptrend so I am anticipating a break to the upside within the next 2 weeks. This should take BTCUSD above the 50 and 100 DMA to the 200 DMA at around $7k. Target Range 1: $6750 - $6880 Target Range 2: $7030 - $7110 Target Range 3: $7400 - $7600 Tether and Bitfinex causing exchange discrepancies again so I will be sticking to the Coinbase charts for the time being for until the tether fud clears. This is a short term view, who knows what the SEC will decide to do on 29 December 2018 when the Van Eck bitcoin ETF decision is either deferred one last time, rejected or approved. Until then I don't see price dropping below our $6K support. Good luck and happy trading!
COINBASE:BTCUSDLong
by Corn_Reaper
Gold ShortBased on price action in the weekly chart and DXY possibly edging higher to 100, it might still take more time before gold recovers. Most likely it will continue to go sideways. Entering sell stop order few pips below @1200 to continue riding bearish momentum of XAUUSD and take advantage of stronger dollar, with TP between @1180 - 1185, and SL near its recent high @1206. Need to watch out for consolidation in dollar especially DXY is now in its new 2018 high. Also CPI news and Fed Powell speech tomorrow, and geopolitical risks that might suddenly arise for any developments about the upcoming Trump-Xi meeting later this month. DXY: www.kitco.com www.cnbc.com bigthink.com investingnews.com Daily: Weekly: Confidence: B (because of upcoming news about USD, other geopolitical risks, and USD and Gold slowly getting a little overbought and oversold respectively)
OANDA:XAUUSDShort
by aiza_belle
VET/USDT - Massive Descending Wedge WATCH FOR BREAKOUT!!! TARGETS : -TP1: 0.01230 -TP2: 0.01376 -Longer Term Targets: 0.01494-0.01612 Region My Reasons for Entering This Trade: - RSI is oversold on the daily, currently at around 35 - Stoch RSI is slowly approaching buy zone on the daily - Volume is decreasing, which points toward a large move either down or up in the near future Negatives: - RSI could go even lower if it wanted too, lowest RSI on record is around 23 - MACD seems to be at a complete standstill on the daily - MFI could continue to go down as well Let me know if you have any criticisms or ideas that would help support or correct my claims! GOOD LUCK :)
Long
by Trndstrs
GSL Shippers Heating Up/Merger NewsGSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great. But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of circumstance for a nice upside potential for GSL. Given that GSL ran to over $4 in Nov 2016 and $2 in Nov 2017 we could see $1.78 and more. Check out the top trend line on the monthly chart below. www.tradingview.com seekingalpha.com
NYSE:GSLLong
by luckeyma
Nebulas: It's all systems go!NASBTC looking good after a strong bounce from support of the bullish symmetrical triangle. There is a small chance that this formation is a bearish pennant continuation pattern, however, looking at the 1D chart, price has had a strong bounce from triangle support, StochRSI is oversold and MACD shows potential for an upwards crossover. There is also bullish divergence showing on the 4H chart (see pic below). Nebulas has teamed up with Nuls (NULS), Bytom (BTM) and a few others to form the Blockchain Alliance Initiative which will work towards curbing vicious competition between public blockchains and they aim to open up their isolated ecosystems to new users and developers. Nebulas already has over 6800 dApps on its mainnet, they have strong advisory and backing and not bad R:R for a short term trade. Buy between 0.0002300 - 0.0002400 Target 1: 0.0004030 - 0.0004220 Target 2: 0.0004520 - 0.0004780 Stop loss: 0.0001900 Good luck and happy trading!
NLong
by Corn_Reaper
Bitcoin shakeout before the breakoutSeems Bitcoin is still priming for a small end of year pump but I think the USD/USDT premium may have been the main reason for this delay. The tether to dollar parity has pretty much been restored again so the tether exchanges can start realigning with the non-tether exchanges now that the price premiums are closing in. This was a unique situation with the large premiums between exchanges which caused divergence between the exchange charts and a lot of uncertainty in the market which needed to be shaken off before an end of year rally. Goes to show how important tether still is to the crypto ecosystem. Good to see the arbitrage traders gaining some confidence in tether again and the market in general has shaken off the FUD. Now we can look towards an end of year bump some time in early November. This drop was just a shakeout imo. Target 1 remains $7140 with possible extension to $7400. I'm still bullish since we found support at the blue trend line of the larger symmetrical triangle which means it's still in play as well as the smaller falling wedge. Had BTC closed below this blue support on the 1D chart, I would have been more worried but the drop we just experienced from $6500 wasn't significant at all considering the build up within the triangle and the drop happened with relatively lower volume than expected which tells me that there really isn't much selling pressure left in the market right now and this was most probably just a shakeout of weak hands before the short term move up. RSI and Stochastics are also oversold on all of the time frames up to the 1 day chart so there really isn't much room left to the downside and we have hidden bullish divergence as can be seen by the yellow arrows which has a higher chance of playing out at the larger timeframe. Price may touch $6285 support however I don't believe it's going below that. Patience will be the name of the game until this boring stability ends and BTCUSD shows its hand but really just a few more days to go looking at the charts and not much room left within the larger triangle. Side note: While bitcoin sits pretty, it's a great time to be trading altcoins since they're bouncing at different stages. I'll post a couple of my altcoin trades shortly with short term targets. Good luck and happy trading! Previous chart:
BITFINEX:BTCUSDLong
by Corn_Reaper
EURUSD (1D): Parallel Channel Bounce EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Support of Parallel Channel - Formed a Double Bottom Support - Stochastic Oversold momentum - Inside bar was formed yesterday - Fundamentally, a week full of data in play with EU GDP (today) and also the highly anticipated US employment report on Friday. Stay light. Suggested Trade: Entry @ Area of Interest 1.1330 - 1.1405 SL: 1.1294 TP: 1.1552 RR: Approx. 2.06 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
GBPUSD (H4): Gartley Pattern FormationGBPUSD Timeframe: 1D Direction: Long Confluences for Trade: - Gartley Pattern Formation almost completed - Stochastic Oversold momentum in both (H4 and 1D) - Gap between 8EMA and 50EMA is quite wide, should narrow back - Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this. Suggested Trade: Entry @ Area of Interest 1.2830 - 1.2930 SL: 1.2969 TP: 1.3111 RR: Approx. 1.97 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst