LinkUSD pair has formed a tripple top, with multiple points of support and resistance converging. Should there be a break in the swing low, significant downside might be expected.
Looking for entries once we break out of this resistance zone and get another touch on the trend line to confirm it is valid We have broken out of a downtrend and we are forming new market structure Broke out of descending channel and tested as support 10MA held as support and 50MA just crossed above the 200 I would be looking to take profit at the 3 marked...
Ascending triangle into this resistance zone. If we have some solid bullish candles closing above this zone, look to enter long (if the triangle breaks, start looking for potential shorts instead). Stop loss should be below the zone in case we have a little pullback/wicks to the downside. First take profit is at daily resistance (2460), then next target is...
weekly & daily up trend strong resistance at entry = breakout just above wicks target = 001426 stop loss = unsure where stop loss should be. Question; Where should stop loss be?
XMR pulled back to the 61.8, strong support zone. Early exits once in profit if signs of major reversal.Eg Morning star pattern on previous high.
Entry: bear flag forming on 4hr and daily, could be potential double top. enter now or wait for break in flag. Exits: exit trade at bottom of flag Timing: bear flag has been forming for a few days could take the same time to form and drop.
Entry: Would of entered on the 61.8 Exit: Start to see solid closes below the 61.8 fib level and i would exit Timing: Expecting a couple of weeks for this to play out
Using Support and resistance, MACD and EMA set to 40 to confirm my trade idea. TP is based on previous equilibrium Based on historical data I suspect the trade to take around 30 days to play out
MATIC has commenced EW and now looking to retrace to 4 prior to moving to 5. Looking for scaled entries around the 0.5 and 0.618 on fibs from the retrace. Looking for a conservative exit point for the first 2 positions and then hope to let the final position ride to see how far it goes and controlled by a stop loss. MATIC has conformed well to EW previously.
This is a possible short term idea for BTC finishing the year 2020, and going into 2021. Happy trading all, Cheers.
Been watching ETHUSD just before the drop to $100. That drop marked the Spring in Phase C of the Wychoff distribution for me. The pump back to $108 - $110 confirmed the pattern by forming the LPS in Phase D of the Wychoff distribution. I will look for longs after a small retrace preferably to around lower $105. Would like to see: - Small retrace to the 50 MA...
The dumps on BTCUSD went from really steep to less steep. The dumb this month seems to be somewhat steep. Now you tell me what that means...