We've seen UCHF pull back recently. Price currently residing at a key level of support where price has bounced off previously. We have seen bulls sitting at this level.
Will price make its way back up to our middle key level following our price path?
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Fundamental Point of View:
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We have already previously retested the resistance turned support at the previous ATH price of $3.79, however with the current bearish momentum of BTC this is dragged all ALTs down with it. It looking very likely that we reach this price once again before a continuation of the upwards trend
There is a strong trendline/support level around the $0.42000 level which i believe should be respected. This will also keep the smaller inverse H&S around that same level intact. The bigger one being around 20 cents
Quick intraday play. Swisse is rangebound and currently at support. DXY has pulled back currently but looks to get stronger over the coming days.
Strong trendline + fib to act as support
Breached lower BB
See chart for entry and exits. Exiting at previous day close, stop below thrust candle/trendline.
Happy trading:) follow for more.
Looking for a confirmation candle to buy from support and take profit at resistance. There's been a similar pattern before therefore there is a high chance. Appreciate any feedback left in the comments.
May see a break of this trendline before heading down for more bearish movement. Similar movement is usually seen on USDCAD. Price is also at a strong support level so may see one last bounce before a break
Waiting on the last confirmation before I enter. I have 2 conditions met being the zone highlighted as a support and the rsi being oversold. Once I see a candlestick pattern I'm going long. Lets see what happens
Price is at a strong support level and over sold on rsi. 2 confirmations have been made. Wait for a third confirmation like a candlestick pattern or double bottom and go ahead with the long position. Target for the resistance line
After todays sell off with around 10% of whales selling BITCOIN, weve found support at a strong high time froamde support line. From my analysis of the 15m timeframe once we have again retested the long trending support, potential for a test of the neckline. What's your thoughts?
Chart posted for me to monitor my progress each week as a new trader.
Sell at resistance and buy at support, if any of the trades go in -20pips exit and enter the reversal, this would be -20pips on the daily to allow for some wicking. Avoid if price opens through any entry when the markets first open.
All credit for chart layout and success to goes to Mario...
Chart for my XAUUSD trading next week. These charts are posted by me to follow my progress as a new trader. In-between these zones I scalp off my zones I place on the 15min TF.
If a buy entry or sell entry goes -20pips, exit the trade and enter the the reversal.
All credit for my chart layouts goes to Mario Sefa who is a brilliant trader, teacher and mentor....