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Trendreversal

BITCOIN important NUMBERS for Day Traders(Supports & Resistance)Thank you for constantly supporting us with your likes. Bulls are loosing power and failing BTC from 9800. this can be the beginning of a trend change leading to BTC downfall if it fails to cross 9800. The numbers on the chart shows the major support and resistance zone inside the current consolidation, they are support when BTC is falling and resistance when Btc is rising. BTC Hopes lay in Major supports around this zone on its way down 9600 -9550, 9350 -9400, 9250 -9200. if this supports breaks down then 9050 to 9050 and 8800 is btc last hope or it will drip like hot sauce to 8k or 7500. Would you like to Improve your trading skills to reduce losses and increase your winnings? Join me on Telegram by clicking the link in my Bio if you wish to learn how to read chart, Learn how to trade Cryptocurrency on Futures and Options.Thanks in advance for your Likes
by MachiavelliTrader
ZIL BTC | Trend Reversal | Flow | Key Fibonacci LevelsTodays analysis – ZILBTC – trading in a possible descending channel, currently testing local support. Points to consider: - Flow in the market/price action - Respecting key Fibonacci levels - Resistance Confluence - Trend Reversal - Low Volume - RSI below 50 ZILBTCs healthy counter-trend and strong continuation adds legitimacy to the money flow. The previous swing-low respecting .618 Fibonacci retracement is indicative of a current retrace to .618 Fibonacci level. The .618 Fibonacci level also coincides with descending channel resistance. A rejection at this level will solidify a trend reversal with a lower swing high. An increase in volume is necessary to add legitimacy in the overall market. RSI attempting to recover from oversold conditions. A countertrend will neutralise and prime the oscillator for a trend continuation. Overall, in my opinion, a short trade is validated at the rejection of the resistance confluence with a technical target of local support. Entering the trade at resistance confluence consents immediate trade invalidation (price trading beyond resistance zone), mitigating overall risk. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Short
by Kudiiee
4
BATBTC | Structural Support | Apex | Low Volume Todays Chart – BATBTC – trading in a multi-month triangle formation nearing its apex. Points to consider: - Support and resistance converging (apex) - Macro swing low failure - Low volume - RSI breaking below 50 BATBTC needs to hold local support for a break and of local resistance. However, failing to hold local support; a break to structural support is plausible. Swing low failure (higher low) on the daily is indicative of a macro trend shift. S/R flip st structural resistance will solidify trend reversal. Volume is below average, an indication that an influx is imminent coinciding with the probable breakout. RSI is breaking below 50 showing weakness in the market indicating a probable retrace to structural support Overall, in my opinion, BATBTC has some work to do and needs setup. A long trade will be validated on a re-test of structural support (conservative entry) or a break and re-test of local resistance (aggressive entry). What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Long
by Kudiiee
2
Watch the reverse on GBPNZD! As you guys can see very clearly, Now we are on a important weekly zone, I waited for a candlestick formation to let me understand what the market wanted to do and I saw this: A beautiful reversed head & shoulders as well as a rounded bottom. I will watch the closing of the candle on the 4h time frame: if it closes above the resistance that I draw I'm gonna go long, on the momentum candle with a stop loss right under the right shoulder and the take profit on the next possible target. This trade will give me a risk reward of 1.55, that satisfy my trading plan. Now I would like to hear from you.. do you have any impressions? Please let me know what you think in the comments section!
Long
by Leoric97
The most accurate analysis I was talking about 🤩🤩 (part 2)This idea is linked to my previous idea. first check that out and come to this for better understanding. From this 4h chart i am able to understand that there’s plenty more room for trend-reversal. i am not god i may be wrong but, the decrease in volume and this head and shoulder pattern if bitcoin takes correction then we can find it taking some support at 9200 followed by 8800. if you’re able to understand this situation where volume decreases and prices remain in sideways or slightly higher in uptrend then this is the sign there may be a downtrend coming. Observe the neck line for few days carefully, because we can not think only in one direction, we have to be ready if it crosses 10,450. if this happens then we can see BTC to newer high of 14500. in the end i’ll say trade carefully, we can make sweet profit in both trends. if you think that my work worth some appreciation then please follow my telegram channel @harshgpcryptocalls. i share free premium altcoin signals more than 50-70% profit in last month. thanks for your considerations.
by Harshgp
1
No one is talking about this BTCUSDT long-term scenario. 🤯🤯first of all if you are new here then go and check out my telegram channel @harshgpcryptocalls If you don’t like my advices and ideas don’t follow me just ignore. For me, your profit matters. not wasting time let’s start the description. So, currently there are two scenarios present at this time. 1.One is Bitcoin can pump to new high of 14500. (which is highly impossible, but can’t trust the volatility) 2.Second is it can take correction to the 880l level and then enters into a downtrend which can take the price tothe lower level of 4700.(having higher chances) the reason i’ll post in a new 4h chart analysis (i’ll link to this so, don’t worry about detailed analysis) the simple and short conclusion is we’re expecting BTC to cross the levels from breaking resistance or support for new trend of the season. Don’t get trapped in any wrong decision. i advise you to wait and watch for a week. stay tuned happy trading, take care.
by Harshgp
2
Azure Power Global: divergence confirmed, downtrend is startingwww.vfinvestment.site The price crossed down the 100-day moving average very rapidly, the divergence with the MACD was validated by two very strongly bearish candles, MACD looks pessimistic and RSI indicates no oversold condition. I think that is more than enough to assume the price will revert down to the historical support/resistance of 11.80, if not break through it. If you really want to go certain, you can wait for the price to cross the 200-day moving average, but by that time you will probably lose some potential profit. VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
AShort
by vf_investment
Head and shoulder trend reversal on EURGBPOn the weekly timeframe we can see many rejections and reversal candles on the 0.90000 thousand pip quarter point showing us possible reason for a reversal of the trend. On the daily chart you can see an ascending triangle forming for a breakout, and a shooting star candlestick right at the 0.9000 level to further confirm a bearish trend. Now down to the 4 hour chart you can see a possible formation of a head and shoulder pattern but still only in the right trough and needs to form the right shoulder. Retracement from the most recent swing high to the swing low shows a 50-61% zone right where the right shoulder should find resistance for a lower high. Taking a sell here is a little risky, but with the addition weekly and daily price action analysis we can learn towards a trend reversal. When it comes, watch for break of the neckline from the troughs of the two shoulders.
Short
by rcoyle96
GBPJPY Head and Shoulders Trend Reversal?-Since my last analysis of GBPJPY, the price has rejected the 130.581 level, which was noted as a possible outcome. - A nice inverse head and shoulders pattern has emerged on this pair. - The distance between peak of inverted head and right shoulder is around 310 points, therefore from the breakout of the neckline early this morning, we can expect the price to push a similar distance to the upside. - This movement would also bring the price to the previous resistance of 135.268. - RSI on the 4 hour time frame stands at 69.53, so, in the short term, we could also see a retracement to, and retest of the neckline before continuing an upward trend. I hope this is an helpful analysis; please share your thoughts and opinions!
Long
by WillRakowski
Bounce From Support and Breakout from Downward Channel495-500 level proves to be a strong buy level and thus support, which it has bounced from in the past. (Outlined by green shaded line). When Wheat is trending in one direction it typically remains within an upward or downward channel as you can see historically, as well as outlined by the shaded blue channel. As you can see, it has recently broken out of this channel. These factors could mean a good trend reversal (long) setup, also with a good risk/reward if it goes to test the 580 resistance levels as it previously had. What are your thoughts?
CBOT:ZW1!Long
by PerryWave
Solarwinds Corporation short after bounceback from resistanceHistorically, the price of the Solarwinds Corporation has been very steady, moving in its normal range between 16.76 and 19.40. Given no overbought signals, nor any divergence with the MACD, I expect the price to be pushed a little bit higher by the bulls, at least to 19.40, if not up to 20.41. But it will not break these resistance levels for long. When the bears take over, make sure to go short! VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
NYSE:SWIShort
by vf_investment