I am watching this hourly Tenkan-sen (Conversion Line in orange) if we bounce off of here properly I will be opening a short term leverage long with a take profit at the Kijun-sen (Base Line in pink). Momentum indicators and volume show me the inputs I need to see for a short term bounce. BITSTAMP:BTCUSD If we do not hold then I will use the downward break...
Looks like there is a MAJOR zone here on multiple time frames and it has just had a huge drop. meaning even if this was going shit it would need a retrace althought voxels is a great currency so I doubt its dying off. This will be the area I would buy into and hold to see where it might end up. I hope this helps. If you have any questions please comment
The next resistante level is @ 1.21500 . Those levels date back from the fall in 2015 and 2012. The Green Ascending Trendline from the wedge is a must hit retest. Afterwards, two scenarios are drawable: a) BLUE - Climb either to this week's high, or to the 1.21500 levels (wither with retest of the channel line, or straigh breakout). Note how low the RSI levels...
Usd/Jpy completed a head and shoulders and is looking to retrace downwards.
AUDNZD looks set to bounce off of key support (horizontal line and rising trend line). Lets wait for 1 hour confirmation before entering a position. 1 Hour Chart:
On daily, we are looking for a new down trend, a good confirmation is if price can re-test back levels forming an important lower high bellow the highest high at the Monthly 61,8% fibonacci. Our short term preferences are long to that level, We could take short term on 4H y 1H long positions on Dips, According to H1 up trend
Lisk is currently consolidating. We don't know which way it will go until it breaks out of the consolidation. After a breakout we will need to see a confirmation of it holding the wall it got out of to continue in that direction. What are your thoughts? I am in favor of the downside, for a completion of a harmonic pattern to buy it back up.
ETH is in a position to move upwards and lock in some profits. Happy trading & good luck!
50 pips risk target @ 0.75000 RR = 1:3.65
downside momentum price under EMA = sell retest @ 1.14700 RR = 1:3.22
price brake out flag range swing down the momentum expect to see new lower low RR 1:3.2
Just watching a pattern develop and worth trying to repeat with very little risk to potential reward.