Conditions: - ADA bounced off strong support zone around 1.26 - MACD crossing over to uptrend - PA long wicks and strong reaction from current zone > high buyer demand zone Targets: Take profit before getting too close to the Daily EMAs (50 EMA trajectory) which is also confluent (close to) the resistance block at 1.47 SL : Below support with some space
Broke out of triangle with volume, now retesting previous resistance and also 200 EMA. Look to take advantage of a rebound off these levels for a quick LONG. TP at the next resistance levels, SL slightly below 200 EMA
Starting to show some signs of movements from bulls Bullish divergence on MACD + PA wicks testing the resistance lines, filling sell orders Would definitely place some orders near the triangle bottom
KSM Kusama seeing some great resistance as the confluence of 50, 100, 200 EMAs around the 330 price level. Price action showing long bearish wicks at this area, validating this area as strong resistance. We look for a pullback down to the fib retracement of 0.618 @ 290 - 300 price level (white zone) SL below the bullish wick of 23 Dec @ 267.5, where going below...
We can see EURUSD trading in a channel range on the bigger timeframe of Weekly. Currently we see the pair ranging in a local area of 1.119 to 1.138 after dumping down. The MACD is still strongly trending down, not yet showing clear sign of reversal in momentum. 1. SHORT TRADE : We can look to SHORT the retest of the neckline it has broken down from, 1.15. Target...
Description as shown in the charts. Do show your support by liking and following if my ideas were helpful : ) Feel free to leave your thoughts and comments below ~
Description as provided in the chart. Do feel free to let me know your thoughts and comments below :) Remember to like and follow if it helped!
Bearish divergence observed in MACD, with price struggling near resistance zone, we look for a retracement o the 0.5-0.618 fib level for a retest of TP 1 : 48400 TP 2 : 48000 SL : 49700
NEAR just brokeout of triangle formation with bullish momentum on the MACD. Wait for retest of the top of triangle, the previous resistance and LONG. TP and SL as shown :) Feel free to share your thoughts and comments
Bearish divergence on MACD clearly showing weakness of buyers Double top formation Quick easy scalp short down to main support level
Description as shown in the chart. Enjoy and comment your thoughts if you like :) Notes: R refers to the top of the triangle line - the previous resistance
Huge squeezing into a triangle formation for EOS, bullish divergence on MACD Big buy volume spikes, much weaker sell volume Target next major resistance at 3.77 SL 2.995 RR 2.65 very favorable
Buy retest of demand zone Luna tried to breakout of ascending channel but failed to establish support and flip top of channel to support zone - this is considered a standard bull trap. Target : top of channel line SL below demand zone (white rectangle)
Following a simple EMA rule: 1. 13 crossover 21 EMA to the downside on the daily 2. 200 EMA, which normally serves as a strong support, is decently far away from the current price based on the 4H 3. Sell volumes are high and noticeable We enter a short on the retest of the previous support (flipped to resistance), with a decent target at the previously tapped...
First day back to trading after months long hiatus, we begin with good ol reliable XRP, looking good for a short down to supply zone after breaking down from its ascending support line. Stop loss placed slightly above white line of flipped resistance.
Conditions: - Bouncing off support 3 times - Bullish divergence from MACD even tho price is moving somewhat sideways - Stoch RSI bullish sloping up Target : 200 EMA on 4H confluence with Resistance block
OKB has full formed a curve for the cup pattern, retesting previous resistance as support near the 29.9-30 levels. Now we use the fib levels to extend for a TP target at 1.618 level at 39.39 We draw the full depth of the cup pattern and extend it above to coincide with the 1.618 level Volumes also show buyers trying to break the 33 resistance level, with at least...
Time to get that cake Long on CAKE perp Conditions : - broke out of range - wait for retest to previous resistance - determine a rebound and long from there Target : The 200 EMA on the 4H confluence with previous supply zones