Technical Analysis: Heavily Overbought Stochastic RSI with Resistance Bollinger band hit.
Fundamental Analysis: Initial Jobless Claim positive consensus this week should cause the reversal for next week, along with CPI MoM, YoY positive consensus, to carry this new trend we can expect the Initial Jobless Claim, Michigan consumer sentiment and the building...
Bulls pushed with strong momentum to breakout from previous consolidation with bollinger band squeeze, after current pullback there’s potential that a new low will form at lower bollinger band and price will retest the new high.
Looking to sell the weakness of Europe and Brexit chaos. Looking for reversal on the Daily to continue.
Entered on short on a bull trap on the hourly chart.
looking for a multi day move potentially adding size when the opportunity arises
2.Daily Support valid Resistance Broken
4.Profit margin 1:5
5.Daily Trend-line still validated
6.Breached lower (Bollinger-Band) which indicated strong area of support
7. The revised level is Lower on the curve increasing probability
8.Opposing zone breached (Strong Validation)
Please Note that I am an not an expert trader therefore I am not posting this as a buy or sell signal
It is my fist time experimenting with Bollinger Bands indicator and it looks like it may be a good time to buy with signs of a little move up soon after the massive correction. Litecoin seems to have found some support in this area. However I do not think there...
The weekly support has held price since the beginning of february and I believe it will continue. I have used BB Indicator to confirm my analysis. Also, a very bullish candle has formed and I am now waiting for price to breakout through the trendline and I will go LONG to 1.26624 daily resistance.