Trade setup : Trends are mixed. Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines,...
Trade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders: That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Trend :...
Trade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Price is also oversold (RSI < 30) and could bounce up near-term. Swing Traders: That support zone could be robust and a potential swing trade...
Trade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders:That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Stop Loss...
Trade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. Bullish breakout from a Descending Triangle pattern could see price swing up to $0.65-$0.68 near term and possibly $0.80 thereafter. Stop Loss (SL) level at $0.55. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will...
Trade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back. Now it’s consolidating in a Descending Triangle pattern. We wait for a breakout in either direction. Bullish breakout could see the price revisit $0.80, while a...
Trade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. We would be buyers near $0.57 support, which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop Loss (SL) level at $0.52. ...
Trade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. Now it’s reached $0.57 support and is getting oversold (RSI ~ 30), which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop...
Trade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. Now we wait for price to either 1) break above $0.68 resistance to signal continuation of uptrend, or 2) pull back near $46 support for another swing entry in Uptrend with upside potential back to $0.65. Now we...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6461). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6461). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
". There is a possibility of temporary retracement to suggested support line (1.5369). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at...
ADA has just had a significant buying force in the $0.089-0.092 zone, which is support for some of the ADA's recent bullish waves. We could buy in this zone and expect a breakout. However, at the $0.1-0.105 zone is a huge resistance because it could form a Head & Shoulders pattern and go deep according to the Bearish Channel pattern in the bigger picture. If that...