Round nr. 0.680 - resistance EMA 100 - resistance Trendline becomes resistance Small counter trendline - resistance Wait for the daily candle to close. After that possibly enter a trade. Not financial advice. Just a fellow trader sharing his thoughts.
Criterias: 1. Possible lower high 2. ROUND nr. 83.000 3.fib.ret. 0.382 4.short interval touches on trendline 5.Evening star formation 6. Strong resistance 7. AB= CD, matches with the golden pocket between 0.618 and 0.65 Not financial advice. Just a fellow trader sharing his thoughts
Enter trade: Round nr. 82.000 Channel projection AB=CD FIB. retrace 61.8 EMA 50 and 100 support Equal distances on the trendline Take profit: Round nr. 85.000 (strong psychological resistance) Blue counter trendline acts as resistance Channel trendline acts as resistance Not financial advice, just a fellow trader sharing his thoughts.
Previously Blue supporting Trendline that now acts as a resistance line Blue counter trendline that also acts as a resistance line Red Resistance line (also in 2017 and 2018) Round nr. 109.000 Wait for a candle formation that indicates a reversal of the trend. Yellow line - strong support area. Not financial avdvice. Just a fellow trader sharing his thoughts.
Silver Short possibility 4H chart 1.Trendline (blue) from May, that now acts as resistance 2.Counter trendline (also blue) - acts as a resistance 3.Strong Resistance line (yellow). Also acted as a major resistance in 2018 4.Round number 17.500 5. Fib. retracement 0.382 level Possible 4-5% drop to Golden Pocket 0.618-0.65 fib. range. Not financial advice. Just a...
Historic line - red Previous strong support - green rectangular channel Fib. retrace - 0.786 Current channel which BTC is moving in - Green lines All indications, that the price could go as low as 7950. This is the area to keep an eye on for a bigger reversal Not financial advice, just a fellow trader sharing his thoughts.
Iota has reached its lowest point on a historic support line. Also we see a bullish divergence on daily chart
IOTA has reached to a key level. It is basically the first time since mid march we have held the price above 55 EMA on a daily chart, which at the moment acts as a nice/strong support line. In order to have a continuing bullish movement, we have to see if IOTA can get a nice bounce upwards from the 55 EMA (from 0.35). That would confirm the golden cross-over and...
Iota is forming a decending (bottom flat) triangle, which indicates a further breakdown in price. Potential gains to be made from short and long positions, before breakdown occurs. This is not financial advice, just a fellow trader offering his thoughts.
It seems that IOTA has reached to its lowest points, taking into consideration, that since July 2017, the price has touched the rising support line twice now, and going to test it for the third time. In my opinion, that is the actual adopton support. If we get a bounce off of 0.46 dollar level on daily chart, this could be a good indicator, that we have reached...
ETH has been forming an ascending (top flat) triangle (since mid-october) from a previous breakdown, suggesting we are having ourselves a bearish triangle. Seeing a possible E-wave up to 205 range, before breaking down. Still have to be cautious of unexpected spikes above EMA-line, that could possibly change the course of pattern. This is not financial advice,...