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Trendreversal

Has Sugar Bottomed?I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of last year which depicted a clear bear market. In late June of this year, prices broke through the bottom of the channel and created what I consider to be an obvious selling climax. Preceding the climactic selloff was a shortening of downward thrust, which showed stopping action in the market's selling. Since then, prices have moved sideways, creating a base. One thing that stands out about this base is the fact that the supports continue to rise, which is an indication that bulls are buying at higher levels each time the price falls. As I type this, prices are at the top of the range. Does this mean that there will be a breakout? I wouldn't go that far. After all, there was a false breakout on July 31st, which was checked at the overhead resistance area of the April '17 low. Another case for a bullish reversal, going back to the selling climax, is that the wave volume shows continuous increases in volume in the buying waves. Such action indicates that demand is overcoming supply. Something to note is how prices are pulling away from the bottom of the channel as it forms what may be an accumulative base. Conclusion: I'm gonna have to see a strong close above not only the top of the accumulative base but also above the April '17 swing low. Such action will be a signal to get long following a pullback to test the breakout area. On another note, I find it interesting that Sugar, or any commodity for that matter, is setting up for a potential move to the upside as the U.S. Dollar is about to make a strong move to the upside as well. A strong dollar is usually bearish for commodities, but hey, we can only listen to what the charts tell us, right?
SLong
by CarterBoyFX
Higher TF Short, Lower TF LongW/ the Monthly candle closing bearish engulfing suggests we can anticipate a retracement of the rally the Euro has seen against the dollar On the Daily TF we can see the formation of a Head and Shoulders pattern beginning to form the right shoulder On the 8H TF we can see price has almost formed a Bullish bat as it gets closer to 88.6 Fib level Will be monitoring Price Action @ 1.17 price to see if we get a Bullish set up If we do see a push back to upside we can see targets @ 1.191 From there we will be looking for Lower Lows and for price to show a trend reversal to the downside
Short
by BnK_Sniper
Banking on Bancor: The Trend ReversalAdmittedly, when I previously published a Bancor chart on Sept 1, I got a little ahead of things. I have since been watching it since and it appears the previous capitulation spikes to 50,000 sats may have found the bottom. It has yet to break and appears the downtrend it has been in for the last couple months may have just broken. I am going to go out on a limb here and say we will probably ride out sideways for a bit in the 65,000 to 55,000 range before retesting 75,000 and hopefully push much higher. It is important to keep in mind the amount of money that was invested into this ICO project ($153M). The smart money has held onto their tokens and it wouldnt be surprising if they have been buying the whole way down with the intentions of pumping at the first sign of positive news. Let me know what you think in the comments below. Obv. not investment advice but it will be interesting to see how this plays out. Cheers and good luck trading!
BLong
by Brodie_MT
IOTA seems bullish :)IOTA is an excellent coin to hold long term!!! Has big multiplying value potential with its amazing technology. It's fairly new and hasn't had any major announcements yet, they just had a conference which means at any random point they might drop some news on partnerships, upgrades and projects. Still announcements to be made about being added to exchanges. I personally am going very long term on IOTA because it has strong fundamentals, good dev team with a roadmap & I truly believe in this revolutionary technology. Possible that we will never see these prices again. #HODL.
Long
by Cryptonite420
Potential Long Position for USD/JPY_Trade Plan 2017.08.07 Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still sideways to down with price hold below MA200. Currently in H1, price seems to form Double Bottoms pattern with price hold within resistance area 110.685 - 110.923, slightly above MA200. Trade Plan: If price breaks up previous high, re-test it, and rejected up, can consider to long the market to follow the potential trend reversal to the upside. With Stop Loss 30 pips and Target Profit 90 pips, the potential trade offers 3.00 Reward-to-Risk Ratio.
Long
by arieg1985
ETH - The Sun May ShineETH has broken the major downward channel that it has been stuck in for weeks, it is currently sitting at the last major trendline that indicates complete reversal. Breaking this resistance would mean the bearish market has come to an end. However this line will hold a lot of resistance, meaning that a downward continuation is still possible. Like stated in the previous chart, ETH would need some great news, and massive increase in volume. Well we have the volume, and possibly with the upcoming activation of segwit it has led buyers to push this market up. What to do: Watch this line closely. A move above it would likely mean the bearish trend has ended. If it fails to break this line, it could lead to a great short opportunity. Good luck to everyone!! note: the trend line was placed with 1 day candlesticks, the chart is currently in 4 hr.
KRAKEN:ETHUSD
by oh92
2
VSTM Wave completion + other concurrent price action I'm long 500 units VSTM given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March. Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I expect to see $5/share, hopefully by the end of the year. Assets alone value over $2/share, so for me, it's a moderate risk. My first day here at TradingView, cut me some slack :-D Any input would be greatly appreciated.
NASDAQ:VSTMLong
by Dank-Traders