A gentle pullback has tested minor support
An inside bar pattern at support appears to have failed to follow through on a break of support
Price is reversing with some strength and will have trapped any bears that went short on the break
Good RR on a long, targeting the most recent highs at
Looking at Fibonacci for an entry on ZRX and picked up a really nice bounce off the 61.8%. Looking for it to continue to push up and retest the previous high. Either forming a double top or breaking through and continuing up.
Looking at taking profit at previous structure.
Got into powr last night as it was forming a symmetrical triangle with the trend line. Sure enough a breakout happened overnight but it did not quite reach my sell target. It has no retraced and touched the 50% on fibs. Hoping for a bounce here up to my take profit target of 6447.
VIB yet again showing me why it is my fav coin to trade. Another good gain last night/this morning for a 13% profit taken. It is now retracing sharply again and nearing my buy zone. Will be watching closely when it enters this purple area. Starting around the 61.8% fib level.
EURUSD is heading down towards the weekly support at around 1.16414 then I expect that it would then go back up towards 1.20850 and could then either form a head and shoulders pattern or could go over and continue to go up towards the weekly resistance area at 1.25701.
Looking at the indicators such as the RSI and Stochastic also on the Weekly chart, the Rsi ...
This is on the 15 minute time frame i have made good money from seeing such crossovers and
this looks like it could be one of them..Time will tell but keep an eye on the 2-4 hr charts to
see if it does cross over on that time frame for better confirmation but i just want to get this
out so people can make up their own minds..
I want to get this out quickly on ...
GNT has broken out of its downtrend and has potentially found a new up trend which has been respected since before the breakout. Sitting above a daily support and just about to hit the trend line we may see a bounce here to retest the next 4 hr resistance at 6528.
Watching closely for some more confirmation.
Bit more of a risky trade for me but I have compensated by having a very tight stop loss and only putting in a small amount.
THC has been held at this support multiple times and has generally come off it with a big bounce. I will be looking for a quick sell at resistance but there is some potential for some good gains here.
UJ preparing the big movement.
Option A: price could respect the daily region and drop until 4h trend line, if breaks the trend line we continue down for a couple of hundred pips.
Option B: price could break the daily region and continue up until Daily trend line, and we wait for a double top and candle confirmation to enter short. If break the Daily trend line ...
TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.
I have been trading TRX the past week or so with some good results. On the 30 min time frame it seems to have formed a possible Elliot wave and started the ABC correction. I have now shorted my position at the above 4 hr resistance and will be looking for a lower entry at around 800 sats or slightly lower on the trend line.
Watching very closely!
Main net ...
Money Flow index is similar to RSI but I feel presents more buying opportunities, however it's hard to use RSI and MFI to decide when to sell reliably - however making 1% profit per day (on average, don't try to force a trade if the RSI and MFI is high, just wait until it is low) can be done with this method and adds up over time.
This is my first chart post i am by no means a charting wizard!! just simple ideas which i sometimes forget and it also helps me if i write them down and go over them myself :)
A sell off like this with the bulls having very little control or ability to have any type of decent looking bounce cant leave many people confident to buy the next dips. The strong high ...
Sia coin after the big spike recently has formed into a symmetrical triangle and is getting squeezed into a corner. Sitting right on a 4 hr support and very close to hitting the overall uptrend and I am hoping will will get a break up to retest daily resistance at around 300 sats for a 10% gain.
Watching very closely for a bullish engulfing candle off the trend line.
