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Trendreversal

LTCBTC ready for a trendreversal?Welcome fellow Tradingveiwers, This analyses is only showing you guys my vision on LTC and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! Monthly : A lot of wicks in the last couple of monthly candles, could show indecisiveness in the market. Weekly : Candles are not looking to promising Also far below the MA's But there is a huge RSI and MACD convergens which cannot be ignored. For the ones following forallcrypto on the other social media channels, you have all seen how the bullish MACD crossover on the weekly helped us predict the bottem of BTC back in the start of 2019. So we value this HUGE MACD and RSI convergence as a pretty bullish signal. Daily : Candles are indecisive slightly below MA's and not a lot of volume. Start of the formation of a triple bottom formation. 4H : We are currently moving inside a descending channel, which would be bullish upon breakout. Clearer view of the triple bottom formation seen. Triple bottom patterns are known to be reversal patterns. MACD RSI ready for bullish momentum. What's next? We can now clearly see that we are forming a triple bottom while the weekly MACD has crossed bullish, the RSI has been at a flat level for some time now and also showing a convergence. Becasue the LTCUSD chart is currently forming a double bottom this could become a explosive breakout WHEN we breakout. If this triple bottom has enough strength to break the 200 D MA then we can begin to speak of a trendreversal. But for now it is to soon. The target of the triple bottom in BTC terms will be around 0.0082 sats and would now be just short of the 200 D MA. I can't wait to see how this plays out. If you guys liked this analyses please let me know in the comments below! Kind regards, Forallcrypto
Long
by ForAllCrypto
Bitcoin about to make a move?Hello Everyone~ We can see from the chart above that we are at a minor resistance level ; if we fail to break above the downward arrow resistance line out of this falling wedge , I predict further sell-off leading to bitcoin finding a new bottom in the high 4 to 5 thousand range. This would fulfill a rough head-and shoulders pattern that has been progressing for the last few months. However, if we do break above the immediate resistance, we still have to put up with the greater pattern at hand, the greater falling wedge . So, until we break above the resistance of the current falling wedge pattern, I will remain bearish for the short to mid-term.. Bitcoin is known for doing the craziest things though, and anything could happen. Will this be the swing that takes us out of the bearish pattern, or will she fall further before finding major support? Let me hear what you think in the comments down below! Cheers everyone! -FractaLJack
BITSTAMP:BTCUSD
by FractaLJack
1
VETBTC trendreversal confirmedWelcome fellow Tradingviewers, This analyses is only showing you guys my vision on VET and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! We can clearly see that VETBTC has broken out of the falling wedge it has been trading in for the last year or so. Monthly : We have seen a huge bullish engulfing candle, with a lot of Buying volume last month which indicates a lot more room for the upside. Weekly : We have closed the last weekly candle in a huge bullish engulfing one, indicating more upside. We have also closed beautifly above the 50MA for the first time since this chart is live. Volume is increasing and seems to be confirming our positions. RSI and MACD are still nowhere near bearish territory. Daily : VETBTC is now fighting the first taking profit zone at 100 sats after seeing some sellof at 93 sats, we are now ready to try to test 100 after the beautiful bullish engulfing candle 2 days ago. The volume has been starting to increase on the way up, which usually is a very bullish sign coming out of a wedge like this. We are also above all moving averages on the daily graph which gives us even more confidence that the prices are going to keep on rising. RSI , MACD are also bullish on this breakout and ready for another leg up. What's next? We have set three targets from the falling wedge, they can be found at 100, 160 and 220 sats. Depending on how fast and well these targets are going to get reached will change our trading plan, but as we know falling wedges usually indicate a trendreversal and it is not uncommon that they easily override their targets! If you have any questions please let me know in the comments below! Kind regards, Forallcrypto
Long
by ForAllCrypto
USDJPY-Weekly Market Analysis-Nov19,Wk5If you have been following on my trade analysis, you should know that I'm waiting for a buying opportunity on USDJPY for a trend reversal trade. There are 2 strategy that I am waiting for to engage the trade. 1) Bullish Shark on the 4-hourly chart 2) Deep Bullish Gartley on the 1-hourly chart As the level is close to each other, I chose the Bullish Shark setup on the 4-hourly. The reasons, for this reason, is as follows: i) I spotted the bullish shark pattern weeks before the forming up of the bullish deep Gartley on the 1-hourly(Trade what you see) ii) the forming of the deep Gartley pattern broke 2 of the critical rule on Point D completion(if you learn from the right school ahem.. you should know, if you truly don't, then the source of your information may be way off) iii) reward is to risk ratio of the bullish shark is way better than Gartley - well this is not the reason why I do this, but to many, this might be, not here to judge but I see that the 1st 2 reason is more important. Simply mean if I spotted the deep Gartley first and none of the critical rule is intact, I will trade base on the deep gartley target.
Long
by RaynLim
Potential Reversal Marker TherapeuticsMRKR Entered MRKR at $4.01 on Friday (11/1/19) and am monitoring for a sustained trend reversal. Watching for SP to bounce off $4.10, or if that does not hold, $4.01. If it does not reverse here I think it'll consolidate between $3.83 and $4.32. A reversal would coincide with a run-up into Q3 earnings which should be sometime this month and phase 2 data in Ovarian Cancer expected this quarter. Closing over $4.32 would be a good confirmation of a trend reversal. RSI and CCI on the daily support the stock is building momentum IMO.
NASDAQ:MRKRLong
by MS_Money_Moves
Will there be a Trend Reversal on Natural Gas very soon?There have been a few trend reversals in the past couple weeks for NATGASUSD. These reversals occured right after Divergences of Price vs. Momentum. Currently, AutoDivergence signalled a bullish Divergence. In this case AutoDivergence also includes an RSI-filter to add an extra confirmation to this signal. Looks like a perfect time to enter a long position! Profit Target is the monthly pivot point at 2.43 Remember that NATGASUSD is a CFD - so depending on your risk appetite, already small swings can result in high profits by using a high leverage. But don't forget that leverage works in both directions ...
OANDA:NATGASUSDLong
by TradingClue
FOMX - Foamix Pharma Reversal Pattern FormedOn October 18th, 2019, the FDA approved Amzeeq, otherwise known as FMX101 for the Israel based pharmaceutical company, Foamix. Amzeeq happens to be the first and only topical monocyline treatment to be used on acne patients. In anticipation of approval for this new product, shares of FOMX rallied from $2.53 per share on 10/08/2019 all the way up to highs around $3.63 per share. As it turns out, the anticipation for the approval is now correcting lower to what seemed to be overbought conditions in anticipation. FOMX 101 is expected to be entering into the market early next year with the hopes of being on shelves for January 2020. This new topical treatment will be entering the dermatology market which happens to be worth several billion dollars. This is very good news for a company that has been anticipating FDA approval for several years, these are make or break moments for new companies. If you look at the chart above, I posted what seems to be a hammer which I am waiting for the end of the day for confirmation. If this pattern holds, this may be a reversal pattern to hop into FOMX to join the reversal towards December price targets between $3-$6 dollars. Watch to see if the hammer pattern holds, then watch to see if the reversal in confirmed. If we see a reversal, we may be looking towards short terms gains of 25% and higher. Option markets are pricing in a high volume of $4 and $5 strike price calls for december. Cheers, AC
FLong
by RayleWoodInvestments