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Trendreversal

NZDCHF - LongNZDCHF looks to continue its bullish long-term trend after a few weeks of bearish momentum. Price recently broke above the descending channel and the 4h EMA, suggesting a trend reversal. If price holds at the ascending channel support (around 0.6435), and fib level 78.6%, we could see bullish momentum really kick in, up to the 0.6545 level. Entry checklist: - rejection at ascending channel support and previous resistance around 0.6435 - rejection at 78.6% fib level - bullish confluence among MACD and RVI
Long
by francesgurton
1
NEO/USDT Big Pump and testing 1st resistance at 45$NEO just pumped and tests the first of three big resistance lines around 45$. Daily on the left hand side: - The RSI moved over 70 and is now near overbought area. We expect some kind of consolidation before we move upwards again. - The downwards trend seems broken after hovering above the lower yellow line. - We see a volume increase during the last days. 4h on the right hand side: - There is a golden cross involving the 50 and 200MA indicated by the yellow camera. - We spot a strong volume spike indicated by the green spiky ball. We expect some consolidation now which also could be very short term. In the long term we shoot for 120$ again. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
LIT/USDT Parabolic recovery on its way. Explosive?Litentry finally starts to recover from it's harsh decline during May and June. We see a volume increase which is indicated in the daily chart with a cyan line. The RSI on the daily shows a trend reversal analogue to the price action. LIT now did face some resistance around 3.8$ but this is expected to be temporary. The 4h chart shows a golden cross with the 50MA and 200MA involved. A first target can be set around 6$ with the second around 14$. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
LLong
by tumbler55
DOT/USDT Bounce at 10.5$ leads to trend reversal?Polkadot crashed hard during April and did not recover since. However, during July we did see a bounce at 10.5$ and DOT did break the series of lower highs for the daily RSI. Volume increased as well which is an additional sign. Now DOT moves into the 15-16$ range where we look for an upper breakout in price considering the downtrend. Once we turned the 15$ into support we take the trend reversal of DOT as confirmed. On the 4h chart we can expect to see a golden cross soon. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
1
Double EMA (DEMA) From ScratchHello, traders! Today we’ll speak about the most trivial, but very useful indicator that’s called DEMA. As you know, moving average is a backbone of 90% complicated indicators. It’s able to give lots of information about the price action. Well, let’s speak about it. The double exponential moving average (DEMA) is a technical indicator introduced by Patrick Mulloy in his January 1994 article "Smoothing Data With Faster Moving Averages" in Technical Analysis of Stocks & Commodities magazine. The DEMA uses two exponential moving averages (EMAs) to eliminate lag, as some traders view lag as a problem. The DEMA is used in a similar way to traditional moving averages (MA), but DEMAs react quicker than traditional MAs. How to use DEMA? -The average helps confirm uptrends when the price is above the average, and helps confirm downtrends when the price is below the average. When the price crosses the average that may signal a trend change. -Indicate areas of support or resistance. -Cross overs of 2 DEMAs. We sometimes draw fast DEMA(20) and slow DEMA(50). When the fast line crosses the slow below, it’s a bearish signal, when above - bullish. It’s consider to be a good entering signal. However, we shouldn’t forget that the indicator is still lagging. Guys, I should remember you that every indicator shouldn’t be used in solo. You should only use them in conjunction with other indictor when they confirm each other. I hope, this knowledge will boost your trading skills and make your trading staff more interesting and profitable. Have a nice day, dear traders.
Education
by Skyrexio
1
LINAUSDT Early Buy for Trend Reversal!!BINANCE:LINAUSDT The main reason for the buy plan is the Libra pattern. The swing analyses indicate that there might be a trend reversal but before the massive buy which is probably the 3rd wave of the Elliot, there should be a fair price. The fair price is 0.03 we guess which is also the fib retracement level! Around the fair price, we will be seeking a price action signal that enough to trigger all buyers in the market and will be targeting the last higher point for the half portion of our order. After the first target, if the trend will continue we will be in it! Stops should be tightened because the lowest point is so far to build an appropriate risk/reward correlation.
FTX:LINAUSDLong
by crewkaboom
Gold battles recovery point on US NFP DayGold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data. The expected recovery in the headline Nonfarm Payrolls (NFP), coupled with the forecasts of downbeat Unemployment Rate, keep weighing on the metal prices. However, firmer RSI and MACD’s teasing of bulls may propel gold prices in case of a negative surprise from the stated jobs report. It should, however, be noted that a clear upside break of $1,780 immediate hurdle needs to cross the $1,817-20 area comprising the previous support line and 200-EMA to consolidate the previous month’s losses and regain the $1,800 threshold. Meanwhile, a downside break of the recent low near $1,750 has hopes to bounce off mid-April lows near $1,723, not to forget mentioning the immediate support close to $1,763. In a case where gold remains depressed below $1,723, the $1,700 psychological magnet may test the bears ahead of directing them to the double bottoms marked March around $1,677. Overall, gold sellers seem tired and hence any surprises from the US data should be reacted with wider moves.
OANDA:XAUUSDLong
by MTradingGlobal
Silver floats above $25.65-60 key support, 100-DMA eyedSilver’s first weekly gain in four portrays the metal’s gradual recovery from 200-DMA and 61.8% Fibonacci retracement April-May upside. Not only the price but the RSI line also inches up from the oversold area, which in turn suggesting the firmer bullish bias. However, 100-DMA near $26.55 becomes the key hurdle to convince the silver buyers. It’s worth noting that the 50% Fibonacci retracement near $26.25 guards the bright metal’s immediate upside whereas the early month low near $27.00 will lure the bulls past $26.55 breakout. Meanwhile, a daily closing below the $25.65-60 support confluence will aim for the mid-April lows near $24.65. Though, the $25.00 threshold may offer an intermediate halt during the fall. Even if RSI conditions don’t permit the metal’s declines below $24.65, any further losses will attack the yearly low marked in March near $23.75. Overall, silver seems to consolidate the monthly losses during the quarter-end days and hence the corrective pullback may prevail during the next week.
OANDA:XAGUSDLong
by MTradingGlobal
A reversal on EURUSD? Is it time to buy?In the last few days we saw a sharp drop on EURUSD. We can see a strong USD pretty much everywhere after the news from FED. Price has now reached significant support levels and it's important what will happen next. On EURUSD we're expecting a test of next support level in the 1,1850 zone, where we could see price slowing down and possibly going back up to 1,2000! Entries to be made only when you have a rejection of support and candle close with a long wicks! Follow us for more opportunities!
Long
by ForexTrendline
4
Possible Trend Reversal for NZDUSDLooking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight. Focusing on the 4H, price is beginning to break market structure that signals bearish bias. I've outlined a level of significance that would trigger a bearish break of market structure. If price manages to break this level, it is showing the presence of sellers and I'll wait for a retest before executing sell orders. But for now, have my alert set under the level and just waiting.
Short
by CapitalHillFX