SynergyTradingSetups

SynergyTradingSetups

BCH LONG TRADE SETUP Reasons: - Quadruple Bullish divergence on the MacD implying seller exhaustion. - Breakout of Bullish falling wedge. - Bullish bat completion with the price hitting 0.886 retracement level. - From high to low, the price hasn't retraced the minimum Fibonacci levels. The third trade target is the 0.382 level from low to high.

SynergyTradingSetups

As stated in my DXY trade set up a few days ago the GBPUSD pair and stock market should've been watched for bullish reversals. - The GBP/USD pair is sitting under resistance and breaking out of a triangle after an initial impulse up. - What were looking for is a breakout and confirmation of the triangle. And then a break of the resistance marked by the orange...

SynergyTradingSetups

Sand is incredibly bearish. There is nothing about this chart that suggests this asset will gain value any time soon. Reasons why it's bearish - In a downward channel for over 2 months with no threat of breaking it. - Just broke 80c support and backtested it as resistance. - Both the RSI and MACD look set for negative growth. The short will be active until...

SynergyTradingSetups

A very simple idea. The chainlink chart looks horrible, with clear distribution with three consecutive lower highs on the daily that are creating downward momentum and look like they're going to break the support. The next clear support is the 5-dollar level that was prior resistance in 2020. It is inevitable that we go and test it as support eventually. I am...

SynergyTradingSetups

So the DXY has been parabolic in recent months showing no weakness at any point, annihilating all other assets, until now? Simple point of view: - The DXY has not made a lower high on the daily timeframe since the start of its bull run around 2 YEARS AGO and it is currently working on one. - To confirm this lower high it would have to break the support line...

SynergyTradingSetups

Many people want to trade BTC, claiming that it's headed to 10k or that a relief rally to 30k will come. There is no edge, no implied strength, and even not that much weakness, a trade in either direction with a stop loss will probably get wiped out. However, if one was to look at the chart there are a few things that are evident: - Bullish divergence...

SynergyTradingSetups

Eth reacted around the 88% retrace of this bullish shark, since then its risen around 10%. Not many indicators show bullish signs so I wouldn't take up a position around here. I got in at 2940 with 20x and will look to add if we fall to around 3130, a break and confirmation of 3000 would make me close my position. Initial target is 3500 however I only plan on...

SynergyTradingSetups

After reacting perfectly at the Paz of the bullish harmonic, Silver broke the short tf support line and dropped back only to make a higher low and a type two return. The bearish divergence already played out and turned into bullish convergence. Potential entry around 22.5 if it retraces and targets are initially A and C of the harmonic. It is important to watch...

SynergyTradingSetups

After breaking out and nearly reaching our first target of 33 dollars, Dot has experienced a heavy retracement that has brought it back almost to the low of the initial pullback. However it has reacted at the PCZ of the bullish bat and shown bullish divergence on the 4h RSI, with the market looking weak it is a risky trade to take however I believe that a bounce...

SynergyTradingSetups

After retreating to the .382 Retracement level shown by the dashed line, UNI developed bullish divergence on the MACD and bounced perfectly off the 50 mark on the RSI, it has now broken out of the flag and is setting up a very bullish daily close. Target is 21.5 however 18.93 is a key level to watch. I entered earlier through my phone and could only post now.

SynergyTradingSetups

Posted this one a bit late as I had to take the trade from my phone, Symmetrical triangle break at the .382 fib resistance with lots of bullish convergence, very easy place to size up risk. I don't use stop losses as my liquidations are close to 0 and prefer to exit positions in a different manner but if one was to place one it would be done as shown, targets are...

SynergyTradingSetups Updated 

After hitting the 88.8% retrace at the pcz of the harmonic, ada developed bullish divergence on the daily and 4h. It has now broken out of the descending channel and confirmed the breakout of the descending triangle on the 4h. Will be watching PA on smaller timeframes to add or close my position and will update on my actions on this. My avg entry: 1.24 Targets:...

SynergyTradingSetups

XTZ has been my favourite coin to trade in the past few months because it respects the technicals so well. Looking at the situation now we can see that it has been following a downward channel that might have gotten too deep to call it a standard cup and handle formation, nonetheless when being in this channel it has created 4 counts of bullish divergence on the...

SynergyTradingSetups Updated 

Polkadot has been in this descending channel since its ATH, from its price history it can be seen that it respects ta very well so if it was to breakout I could see it riding all the way up to at least 35ish dollars where the .382 fib extension before retracing, making a higher low and going again. It is showing daily bullish divergence on both oscillators and...

SynergyTradingSetups

If you're looking for harmonics this is where you want to find them, at the bottom of a range backtesting critical support that has held for months. Along with this the breakout of a channel and return with a higher low, now trying to break a reverse head and shoulders on the daily at the bottom of a downtrend, you couldn't ask for more. I would look for an entry...

SynergyTradingSetups

BTC is in a falling broadening wedge which is bullish, it has also hit the Pcz of a bullish harmonic and shown seller exhaustion on lower timeframes along with bullish divergence on the daily macd. PA on shorter timeframes is key right now along with the stock market, but technically it looks good. Ideally you would like to see a break out of the wedge and a break...

SynergyTradingSetups

After a pretty brutal drop, harmony reacted at its pattern completion zone of a bullish harmonic at a 78.6% retrace. It is now following the general crypto market and retracing from its impulse high, I am looking to enter a long in the green area between the .618 and .786 retracement zone should it reach it. I will monitor the PA in the coming days and enter a...