This trade has a high probability of working out, IF yellow wave c does unfold into 5 waves down and we see signs of bullishness. This could be a triangle, if so, the price action should still be bullish, and the profit target will be higher. If 5 waves do unfold in wave c, then one could go long and set a stop loss, generously below the low of wave 5, with a...
Ladder sells slowly if price rises once more, if price drops from here, then it may be best to not enter as the risk to reward ratio will likely be less than 1:1. Keep your
stop loss at the 78.6% retracement of wave (a) or is there is a break above the horizontal channel with high volume, you should exit this trade.
This is not financial advice and is only for...
This is not financial advice and each trader is responsible for their own losses.
Profit targets for this trade will depend on whether this develops into an ending 5th wave diagonal or just an ABC. An ending 5th will lead to a lower profit target and an ABC will result in a higher target. For the ABC scenario, I would take the fibonacci retracement of yellow wave...
I am using Elliott Wave analysis to make this prediction. Time will tell if this prediction is accurate, but my research and analysis has resulted in this call. (I will be putting real money on this trade). This is not financial advice and if you take this trade, must take responsibility for your own losses if it doesn't work out.
One would ask if it makes any sense to analyse EOS today. BTC overpowers anything I decide with this coin. Currently, the price about to hit the yellow trend line, the RSI hovering above it. Will it bounce? I do not know.
STOCH RSI is diving with no signs of pulling up before the price and the RSI crash through the ground.
My money is this is going down.
You can...
Hi traders,
I have now coded my latest strategy into Tradingview. I have manually backtested the entries on the Heikin Ashi Strategy and checked them on Japanese Candlesticks for Bitcoin since 2018 January which has been the hardest time to predict and my strategy produced 81.2% gain with 1X leverage and no compounding. Just day to day normal price...
EOS broke the purple resistance and edge of kumo cloud. This looks towards an edge to edge play. BOG also Diverged a cycle earlier. Confirmation 2 bars after bull cross. rejection off first ema, bounce at edge of cloud. Best entry was the previous rejection off the trendline. as soon as it started bouncing on the support line, then should have entered. The fact...
BITFINEX:EOSUSD
EOS rally going strong towards the resistance levels of the beginning of August. Breaking through the resistance and establishing support in the next couple of days.
Technical analysis:
. EOS/DOLLAR is in a downtrend 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 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of...
This are some of the top 15 Altcoins USD paired and grouped in one chart, taking much noise of the market and I think is giving better idea where we are heading...
My other idea:
Thanks
Technical analysis:
. EOS/DOLLAR is in a range bound and the resumption of an uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Trading suggestion:
. Price is in the resistance zone (6.95 to 5.84), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term...
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