We can see that SPY is nearing in on a long term ascending support->resistance level. This circled area has the potential to bring some volatility back into the markets in the near future. Combined with Ending/Beginning of year, a red month or 2 in near future would not be at all surprising to see. Fundamentally speaking, not sure what would be the catalyst here,...
Price has broken the resistence level with two strong bullish candles.
Three drives pattern almost complete close to major resistance area. Sell the breakout.
Potential good long term opportunity shorting both bearish ABCD and Bat Patterns. Divergence on RSI is also in play on the 4-hour, if price advances like a corrective wave. D point is also close to daily trendline, a major resistance in particular situation. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the...
Could see a turnaround in EURCAD here as we see it come into a strong area of resistance before that previous downward fall.
This is just an update on a trade I placed and its confirmations. Entered trade @ 0.75277 after touch of support level @ 0.75201 Price then broke through resistance @ 0.75547 Short term resistance @ .50 on Fib Price then continues to break through levels of resistance @ 0.75930, 0.76318. Price hits projected TP1 at 1.27 on fib (price @ 0.76947) Total # of pips = +167
Most of the economists gave A to Janet Yellen despite the fact that Fed's failed to tighten financial conditions. Three raises of interest rates since the end of 2016 didn't affect the economy at all - stock market keep going up, the dollar has not appreciated and investors don't believe that Fed is serious. Questions that arise today is that whether FOMC will...
OMG has very solid fundamentals and is about to release its biggest news in Q1 (wallet release). It is adhereing to traditional TA and has a high enough market cap not to be easily manipulated. It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on...
There is a big Uptrend as you can see. There is also a big resistance at 17k but it can be breakout thanks this beginning of flag pattern. There my first analysis on BTC, I think it's one of the most volatile crypto. If somebody has something to add :)
Follow the rules. This VWMA is a breakout strategy taken from our Trading Strategy Library. Tell us your favorite Breakout Strategy in a comment below. Visit our website.
Downtrend confirmed, lot of room before next major resistance, rsi overbought, macd crossover, fib level shared with previous support. My analysis shows that this pair will go down until the next major resistance.
In the 1H chart we see as Tenkan Sen is crossing above the Kijun Sen, it is a bullish signal. As this type of buying signal occurs above the Kumo (cloud), so we can be sure that this is a strong bullish signal. But BTC is showing high volatility, so we need to be cautious. Now, we are waiting a the break up of the 3100 satoshis resistance. Additionally, we have...
This is a short term play I am watching for good entry, I will either add to the long I have been riding the last 24 hours or close it and pull open a short once either of the levels listed below cross. ₿itcoin BITFINEX:BTCUSD is very Bullish but as a day trader I ride multiple positions daily based on its movements. Riding a Bullish position has been one of...
XLMBTC is following a very nice uptrend movement. Let's see if it can breakout from the resistance level currently @ 0.00000927.
IOTA is continuing its recovery to the recent ATH @ 1.5360 after a 30% correction this week. Currently, the bull run is finding a lot of resistance at the 1.42 price level and expect that without a breakout we will see the price fall to test its lower bounds (probably at the 1.35-30-25 levels). I am expecting a breakout to 1.60 if we overcome the recent price...
ZECUSD price action is in the last stage of creating a cup and handle pattern which will iveitably shoot out to the upside of not less than 50% in the near future. A retrace of 50% Fib can be expected as there are two long term resistance levels present. With a sustained push and momentum behind, target of $500 is attained easily at 128% fib. If resistance pen is...
Strong resistance at 169.86. looking for a high volume breakout to continue the uptrend for a strong rally.
I think once 82 checked and confirmed, the journey will continue to 90 level, We should know it within the week end. Good trade all