Tornado_Trading

Tornado_Trading Updated 

LINKT USDT Bullish missing right shoulder divergence On the daily we see a triple divergence with a so called missing right shoulder. Price diverges with MACD-H, MACD lines, and Elder Force Index. Trade is invalidated if the price is below the support line, more then 2 ATR lines away. I am seeing this ticking up in the coming days. The unsure thing is the...

Tornado_Trading Updated 

Entry: 0.00000530 Target 1: 0.00000644 Target 2: 0.00000712 Stop loss is 2 ATR levels away: 0.00000474 R/R ratio: Target 1: 1:2 Target 2: 1:3 Bullish divergence can be seen on the daily, and currently on the 4H as well, so the current level looks good to step in. The Stochastic RSI, has crossed as well on the daily.

Tornado_Trading Updated 

I will long ATMOS coming week. I see a nice set of bullish divergences on EFI and MACD-H, together with StochRSI crossings. Furthermore, a long wig is seen on the daily, which seems to mean there is a strong rejection there, and the market wants to go the other way. I expect the target to hit +1,5 ATR line on the 4H timeframe at least. But I will evaluate the...

Tornado_Trading Updated 

See trade details in the chart. I see there is a bullish divergence on the daiily and on the 4H chart. Weekly is still bearish, but in the bearishness I do expect the uptick as shown in the chart. It won't be a complete reversal per se, and and I more expect to get out at the bottom of the target zone, which will still be a 1:1.7 R/R ratio. Stoploss is set on 2...

Tornado_Trading

Bullish divergence on the weekly and on the daily I see a missing right shoulder bullish divergence. After this strong price recejection, I expect a move up at least to this projected target zone. From there on, it could move up even more, but the trade is here to find a nice exit and perhaps reenter, or partially stay in this trade. If the reversal looks real...

Tornado_Trading Updated 

I see both on the 1D and 4H charts a bearish divergence on the MACD-H and EFI against prices. AMAT is pretty volatile so I suspect the divergence will lead to a move on the 1D chart to the -1 to -2 ATR lines (see the dotted 2 lines). This is because the divergence is strong and this ticker often times hits -1.5 and -2 ATR lines. DMI shows ADX at the bottom, and...

Tornado_Trading Updated 

Amazon ( AMZN) shows a bullish div on EFI, MACD-H. DMI shows +DI is ticking up slowly. Daily impulse is yellow (neutral). This allows me to take the trade. I do see a kangaroo tail on the daily as well, with a good break of the back of the bear. Looking at the 4H timeframe, I will try to enter around 1731. I clumsily was too late at and missed the 1725...

Tornado_Trading Updated 

Long BTC for now. Bitcoin shows the power is less on the previous dump. We can see that the prices going down, while MACD-Histogram and Elder Force Index is tracing a shallower bottom. Often times, as we see a divergence, we see a retest of that local bottom, see the blue arrow. It seems we are bouncing from the local bottom for the second time, and this could...

Tornado_Trading Updated 

Triple Bullish Divergence on ONTUSDT. There is a missing right should divergence after the regular divergence Looking at the 4H timeframe, we see another bullish divergence, though not pure as the price did not get any lower yet. MACD-H is already retracing so I entered at 0.7055 entry @ 0.7055 SL @ 0.67 Target @ 0.84 (Target for me is always...

Tornado_Trading Updated 

ALGOUSDT is possibly an interesting trading vehicle for a swing trade. There is a triple bullish divergence, although it is a bit tricky because the daily chart does not look too good yet. One could wait for the daily to see the EMA's return positive as well as MACD. On the 8H chart, we can see how it develops. Trade entry 0.317 up to 3.23 0.317 (took the...

Tornado_Trading Updated 

This is an interesting chart at the moment. We did see a price decline after hitting the resistance, generally with declining volume during this price decline. It kept on going and formed a bottom, much higher then the previous bottom. I consider this as a rejection to go lower, together with the bullish missing-right-shoulder divergence on MACD-H and on Elder...

Tornado_Trading Updated 

This is Stellar XLM ! I’ve seen this going down and down and down for weeks. A couple of weeks ago, we saw this nice bullish divergence on the EFI and the MACD-H indicators. It was going up pretty healthy and ready for a rally, only to be hit by BTC , which was barting down. As a result, alts were hugely red, and XLM was no exception. It gave back the gains, but...

Tornado_Trading Updated 

By the looks of it, ICX starts to look interesting. There is heavy volume in the uptrend after the latest heavy dump of Bitcoin. What I do see though, is that MACD-H is not showing that much strengh, and if we extrapolate this it could become a bearish divergence. The Elder Force Index that I use, does show that a lot of strength is in the upmoves, which is...

Tornado_Trading

I would thing, we first need to see if it will go through Tension rising with high values for RSI, heavily overboucht right now, and compared to the previous rise, which died out sideways, lower strength on the late upmoves (divergence on EFI too), also divergence on MACD-H We have to see a solid breakthrough this 4060-4080 resistance, with more strength,...

Tornado_Trading

Target needs to be defined, but the Bluzelle daily chart shows we bottomed out and altough we traced lower prices, MACD-H and EFI traced much higher lows. The MACD-H even did not show it's right shoulder and possibly this could change the direction upward for a long time. As always, it also depends on futher BTC movements. The previous resistance and support...

Tornado_Trading

ONTUSDT On the 1 Day chart, we see a possible finger pattern. This normally means, a strong indication that we will go up. As a finger sticking out and the bars on the side next to this same bar, or higher. Looks good! BUT, this coin has no proper history. And if we’re really at a strong support here, remains to be seen. A pretty strong Bullish Divergence on...

Tornado_Trading Updated 

ONTBTC A good Bullish Divergence on MACD-H, also on EFI Support seems to have formed on the 1H chart, reversal is expected False breakout, price moving possibly moving up now. Entry 0.00005230 Target 0.00005319 Stop Loss 0.00005180 R/R ratio: 1:1.8 Note: We will check out the strength during the trade to see if we stick around to see if it will reacht...

Tornado_Trading Updated 

NEOUSDT A good Bullish Divergence on MACD-H, also on EFI Support seems to have formed on the 1H chart, a false breakout. False breakout, price moving possibly moving up now. Entry 31.3 Target 32.3 Stop Loss 30.8 R/R ratio: 1:2 I expect to find an entry @ 31.3 The price will touch the -1 ATR on the 3m timeframe