Shot
ETHUSD DAILY LOWER HIGH!?Hello Traders!
Welcome back to yet another chart,
Today’s chart will be on ETHUSD’s recent developments
Points to consider
- Potential daily lower high in place
- EMA’s turning bullish
- Price broke through resistance , .618 Fibonacci Retracement
- RSI broke its resistance
- Stochs in upper region
- Bull Volume increasing
ETHUSD has had an impressive move on the daily chart where it looks like our lower high has been in place.
Bulls were able to break resistance, the, .618 Fibonacci Retracement level with increasing volume confirming that this is an actual breakout not a false break.
The RSI made it through its downwards trending resistance now testing up regions in the 60 area, there is still adequate room for higher levels. Stochastics have also shown its significance, testing upper regions showing us that there is still momentum projected upwards.
The EMA’s on the daily are crossing which is quite bullish, especially on this timeframe! Price has the potential to rally higher as the VPVR is showing decreasing volume of transactions…
It would be healthy for ETH to break this psychological number of $200 and then retrace back to retest support as this will help cool of the RSI and Stochastics before making another leg up.
We must also remember that this whole setup can be negated if BTC decides if it wants to get volatile again, so always use risk management!
What are your thoughts on ETHUSD, will it continue breaking upwards?
Please leave a like and comment,
And remember
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
EURGBP: Anticipating On A Strong Pound In The FutureWelcome traders around the world to this new trading idea!
We are looking at the EURGBP pair today and looking for short positions on this pair.
The two horizontal black lines do mark a daily gap, which was filled with the latest price moves. Price did form a new peak high during this uptrend and we want price to do a nice top before its breaks down.
Trend line is already broken but this has not that much value as price action is my preferred tool.
Also in our favor we can see that other GBP/XXX pairs, which have been weak lately are recovering. So correlation indicates that EURGBP will be bearish with a strong Pound in the future.
Lets see how this works out and wishing everyone a successful trading week!
Yes, Up againAn up move to come imminently. My BUY button was just pressed until 5770 USD!
Bitcoin is bullish indeed. There is 2 micro-crossing which happened not that late. I've tagged the first one on April 22nd 2019 at 15:00 (3PM GMT). That ended in a huge move really soon.
Another micro-crossing has just happened on the last hour. Those 2 micro-crossings are visible in the S4W/Mirror-Stop indicator. Just try to zoom those 2 blue box in it. To see how slim they are.
I'm getting the confirmation also from the S4W/Horizon indicator, that a bullish moment has started. It happened where I drew the pink vertical line. So it's a fresh bull move.
Right now, I think the move will go a little around 5770 USD.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
Head And Shoulder drop to $252.13 & Insider SellingCheck out Acorn's Smart Money Alert service at www.smartmoneytrading.com
S&P 500 Index: SPX - Next Long Shot from HereS&P 500 Index SPX
Following the next long trigger on the break above 2701, this index hasn't quite made it to the next upside target at 2747-2755 range after a high at 2744.
Close but no cigar.
As with the other indices this one is also overextended in near term.
And as with the Nasdaq, both indices have 2 lines of resistance sitting just above closing values.
In SPX case at 2747 and 2755.
It should begin to struggle for further near term upside in this range and needs to consolidate today's gains for awhile.
Look to buy the dip if we see one overnight - otherwise the next long shot has to wait for a break above 2755 (preferably after a consolidation of recent gains first) looking for 2794 initially, then 2814-5.
As above, the break higher when it comes, should be worth a further 2 to 2.5%.
Active Traders: For Global Market Updates in real-time please check the links at top left of main page.
USDJPY / D / Technical AnalysisFollowing the bull trend from Couple of weeks Market has now reached a strong resistance level where we can analyze techincally that market can correct from this strong Resistance level and reverse
We have different confirmations to take this trade
1-RSI overbought on Daily
2-Engulfing on H4
3-Strong resistance level
4-RSI overbought on H4
We can short now with stops above swing high,, With short stoploss we have good probability of reaching multiple targets on this one,,
Multiple targets will be taken on next daily support levels which are mentioned
If you agree please do appreciate our work with your likes and comments.
GOOD LUCK
Trade Green
Risk-off FX Positioning Shorting the CADJPY is such a powerful tool for portfolios in today's market environment. The trade benefits from 3 fronts: (1) NAFTA headwinds for the CAD, (2) Geopolitical risk-off dynamics of the JPY, and (3) Equity underperformance.
Attractive technicals and fundamentals for this trade. Plenty of JPY longs have been liquidated over the past week, but the charts are signaling a reversal.
Quick shot! XRP break it clean!Hello fellow traders,
Here to a very simplistic yet very efficient XRP analysis on the short term.
I'm calling a shot on XRP right now. My sniper has been loaded for a while but I now have a very clean confirmation of a kill shot.
First off we have a clean break of a consolidation box. Then we broke the Bollinger band and I draw your attention on them as you can clearly see them starting to open up. Also we are trading over SMA20 and XRP volumes have been going up since this morning.
Putting Stop losses right above the consolidation box for a safe trade. Profit target are less clear as I believe we will face a lot of upward resistance due to this hard correction the market has been facing for a month or so + SMA50 hasn't been reached so I will adapt on any upcoming moves.
Overall I'm pretty confident in this shot but PATIENCE and TIME are still both my best friends to confirm the kill. In my early days of trading I lost quite the profit by being too hasty and getting out of a postion way too soon due to the fear of losing. Don't be scared and stay in control.
Your beloved,
Zip.
Bitcoin: BTCUSD Next Sunday Trading Buy and Sell PointsBitcoin Update Next Buy/Sell Points
Coinbase Last Long Shot here but be ready to Reverse if signal is given
10:41 am GMT: Retest of neck line and OK whilst above 8700 -
can buy dips back to 8720 with stops below 8700 on GDAX
10:48am GMT: Coming back now and still within the paralells
- buy as low as possible to 8720 for small loss if wrong
here...with stop under 8700 - but be ready to reverse short if
8700 gives way for 8300-8100 - with stop above 8750
10:50am GMT: The alternative is to wait until the little
parallels controlling this downwave are broken on upside, not
spiked, broken and then survives retest from above once
broken. One higher risk, this one less so -
8720 now so small risk on stop.
For further details please see top left of sumastardon page, above
ETHUSD, a downward correction is possible after insecure growth.Uncertain growth from the level (accompanied by partial closing of positions) can lead to correction to the level of 960.18.
Levels by X-Lines!
Regardless of the traded markets (stocks, currencies, currencies, metals), you can use the x-lines indicator to automatically build prices interesting to the market ( support and resistance levels).
The indicator has only one setting, this is the strength of the levels (default is 9). By changing this value, you can customize the indicator for any tool. The lower this value, the stronger the levels will show the indicator.
For a more visual look, simply place the horizontal lines on the levels of the indicator.
Click the related ideas tab below and add the indicator to your favorites.
Brent Crude: UKOIL Last long shot,ready to reverse here if wrongBrent Crude Oil UKOIL Last long shot with tight stops ready to reverse here if wrong
Right on key support at 62.18 with a low at 62.14. If this fails
here the entire wave from the lows is exhausted. At this
point, if seen, we switch from buying dips to selling rallies - it
will fall away to 61.15, bounce some and then likely fall away
to 59.44 and potentially much lower still.
This is the 4th strike on this parallel. Normally 4th strikes are
good with the parallel only usually losing its power on the 5th.
This means that Brent is a speccy buy here with stops under
62.10 for small 8 pip loss if wrong from here. And if we are,
then that lower parallel gives way and we then switch on a
sixpence to bear stance from bull, looking to sell off the
underside of the parallel if touched again with stops above
by 10 to 15 pips max.