trendfollow

Monthly EMA's still showing to be bullish as well as the general uptrend. Price decelerating near support @960. Checklist: - Visibly oscillating - Pull-back phase of general trend - Deceleration - Price at S/R level

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast the beginning of uptrend. Technical analysis: There is a divergence in RSI and price between the trough at 1.3205 on 2018-05-29 and the trough at 1.2955 on 2018-07-19, the probability of downtrend continuation is decreased and the probability of beginning of ...

This screencast follows from the previous video where I was stalking the weekly time frame. I've got the switch on the 4H and I'm trailing with a big stop loss.

New trading suggestion: *The price is in a downtrend and we forecast the downtrend would continue. *There is still a possibility of temporary retracement to suggested resistance line(0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes to ...

Last post: June 20th. See chart. Review: Price had broken through and established a bull trend above the March high. Update: Recent indecision in the market suggests the much needed pullback is a possibility. Conclusion: Standing aside and letting price dictate a pullback or a trend continuation. A pullback is preferable. Any comments or questions, do not ...

Last post: June 14th. See chart. Review: The bulls had resumed strength in the market but price still needed to break and close above the pivot high. Update: Price has moved into a mini area of consolidation and so still requires the breakout. This is still very much bullish. Conclusion: Continuing to apply patience until the breakout is confirmed. Any ...

Last post: June 19th. See chart. Review: Price was trading below pivot support but needed an end of day close below support to offer an entry point to go short. Update: Price closed below support after which we placed our entry order. The short trade was triggered today. Conclusion: Price has reversed but we expect price to move against us first. Would now ...

Last post: June 11th. See chart. Review: Price had pulled back to resistance forming a potential double top. Update: Price has bounced off resistance suggesting weakness but the double top is still to be confirmed. Conclusion: Continuing to stand aside and manage short positions until the pivot low of May is cleared. Compounds will then be added. Any ...

Last post: June 2nd. See chart. Review: Price had bounced off support and the bulls were looking strong again. Update: The bull revival was short-lived and the bears are now taking price back to support. Conclusion: We would like to see a reversal chart pattern and for the bull trend to continue. Patience needed for now. Any comments or questions, do not ...

Last post: May 30th. See chart. Review: Price was faced with a support zone that included the weekly 200sma. Update: Price has still not broken through the support zone but is now at resistance where the bears could come back in again. Conclusion: Still standing aside until momentum to the downside resumes. Any comments or questions, do not hesitate to ...

Last post: May 17th. See chart. Review: Price has pulled back to key resistance. Update: Price continued to gain strength but has since weakened significantly back in the direction of the bear trend. Conclusion: Standing aside until the drawn in pivot support is cleared after which we will consider short trades. Any comments or questions, do not hesitate ...

Technical analysis: . DASH/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.566 to 0.540). if so, traders can set orders based on ...

Technical analysis: . EOS/ETHEREUM is in a downtrend and resumption of the uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.01765 to 0.01500). if so, traders can set orders based on ...

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 108.35 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented price from more losses. The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased. A trough is formed ...

Technical analysis: . ARK/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (2.88 to 1.77). if so, traders can set orders based on Daily-Trading-Opportunities ...

Last post: May 10th. See chart. Review: Price had pulled back to pivot resistance. Update: Price has bounced off resistance. A bear flag will mean a trend continuation is likely. Conclusion: Patience needed until the break and close below support has been confirmed. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our ...

New trading suggestion: Price may also reach to suggested resistance line (133.50). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the price is below the resistance 133.50, beginning of downtrend is expected. We make sure when the support at 128.95 breaks. If the resistance at ...

We last posted on the TRYJPY on April 10th when price was finding immediate support at the pivot low of March. The following bar did break and close below the pivot support this was short-lived. Price spent the latter part of April pulling back to the 50SMA where it found resistance. The 50SMA is a significant level of support and resistance when price is in a ...