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Rejection

DOT RUNNING! - UpdateDot has broken past the local golden pocket and the final major local resistance, and is currently pressed against the top of the major golden pocket,. which tracks back from the May - July dip. Chart Patterns: Dot rejected the bearish head and shoulders pattern that I had previously predicted on Sept 30th. The Head and Shoulders pattern from September could be looked at as a symmetrical triangle with a target price the length of the tail (around $44) The technical indicators shown: MACD - Has turned up and is bullish green, which signals to me that DOT will break farther upwards. RSI - Shows bullish RSI divergence moving forward. Note, I have the bearish RSI Divergence marked from April - MAY which signaled the major dump. The bullish RSI divergence SHOULD be the same, but opposite, strength as what we had in May. Fix Range Volume indicator: Shows we have broken past the volume resistance. ITG Scalper - Shows a buy signal from about a week ago. My strategy: First off, I would like to note that DOT in my opinion has been manipulated HEAVILY in the last few months and should be a top 5 project. I closed position between 38 and 36, and started looking for a buy position when DOT bounced off of the $26 mark. I entered around the $28 mark and currently holding that position. If we bounce off of the golden pocket with force, I will close position and look to reenter around 30, or on the break upward past the golden pocket. If we break past the top of the golden pocket, my targets are: $44, $50 (this is ATH), $62. Currently looking for a price target at the end of the bull run $100 by December, $250 if extended. This is not Financial Advice.
Long
by Jfcaldwell
Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3
IS THE DUMP COMING? OR NEW HIGHS? SHIBA INU ANALYSIS!Shiba keep pumping in the last few days. Will it keep making new highs? or is the dump coming? Shiba just touched a rejection, and created bearish head and shoulders (15/30m chart). (And seems also start of Wrising wedge.) On indicators you can see bearish divergence and triangle in RSI, and flag in MACD. PLEASE DO NOT TAKE DECISIONS for Long or Short from my analysis! The market isn't clear right now! For the pattrens traders, BE AWARE to take short under the H&S. in the 2nd last times Shiba created bearish patterns and it still created new highs! (To see more clearly the double top and the head and shoulders go to15m/30m chart.) I am neutral untill the market won't breake the rejection or break the HL. Follow me to be keep updated for Shiba and crypto! I am not responsible for your money!
by decenTrader007
7
EURCAD - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURCAD is sitting around a support zone so we will be looking for buy setups on lower timeframes. on M30: EURCAD is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, EURCAD would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
BTC - You Decide => We Follow!BITCOIN broke the red channel and traded higher! Now What? Scenario 1: Short-Term Reversal BTC rejects the 50k resistance. In this case, we will be looking for buy setups as it approaches the 40k support. Scenario 2: Bullish Continuation - Breakout BTC breaks above the 50k resistance. In this case, the 50k resistance would become support, and we will be looking for buy setups on its retest. Which Scenario do you think is more likely to happen? and Why? Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
22
BTT - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BTT is approaching a support area so we will be looking for buy setups on lower timeframes. on H4: BTT is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BTT would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITFINEX:BTTUSDLong
by TheSignalyst
22
EURUSD - Price Action Analysis - H4/H1Reasons for entering on this market structure: - There is an ongoing D1 force on the way down, due to a D1 downtrend plotted in red. This force is supposed to go down for 135pips (2ATR on D1 from the red arrow). Because there is also an ongoing W1 force on the way up, this D1 force will be jeopardized, and will travel 1ATR distance only (current market level) - Price will go to the half mark and will turn up to hit the D1 players SL (1.1970). The D1 SL is also a market structure support/resistance. Regarding the setup for the entry, once the rejection candle on H4 is confirmed, you need to look either for: - a depletion candle on H1 or H2 (candle with long wick closing up) - a engulfing candlestick pattern (upward engulfing, green candle closing above previous red candle high)
Long
by Trade4gammapo
AUDJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDJPY is approaching a resistance zone in green so we will be looking for sell setups on lower timeframes. on M30: AUDJPY is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, AUDJPY would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
20
EURCHF - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURCHF is still overall bearish trading below the red trendline, so we will be looking for Trend-Following Sell Setups as it approaches the upper purple circle. Moreover, the area 1.086-1.088 is a strong support turned into resistance. Thus, the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As EURCHF approaches the upper purple circle, I will be looking for reversal bearish setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5
JPM: Breakout to ATH again? JPM is starting to breakout here on the 4hr chart and is currently up about 2% on the day. We're breaking out of the wedge and it is trading above both moving averages. Monitoring to see if JPM can make a move towards $167, which is the all time high, 3%-4% upside per share.Also, it has hit FIB 0.382, the risky part that it might be a rejection in this wedge especially when market is flat or down. If it doesn't breakout this time, there is a potential that it will be in near future.
NYSE:JPM
by yflaw1018