AB=CD target achieved. Weekly RSI oversold hitting support Daily double bottom (possible) I expect some kind of reaction in this area. I would take some profit at 38.2 or 50, but I'm out of this trade. Only using DXY for monitoring other assets. This is only an idea for you.
Extremely risky trade, because RSI div is not yet confirmed, but on a smaller time frames, there are an indication for a bounce, buying volume started coming in. TARGETING .382 and .5 fib levels Stop loss very very very tight below ATL
... check my other ideas for a bigger picture.
1. bearish RSI div 2. bearish MACD div 3. longer trendline resistance (broken with possible fake out. other trendline is not yet broken, and is forming a megaphone pattern) 4. megaphone pattern (usually a bearish pattern but could brake out either way. Expect very volatile price action very soon) 5. megaphone fractal within a huge megaphone (it should be...
Look at other ideas for a bigger picture. This one is based only on bear div and ichi cloud break out.
Upon rebranding EDO ti PNT and listing on binance, I expect big drop from this resistance. A lot of confluence in this area and indicators signaling for a pullback, and posible trend reversal. Chart on binance is only this double top you see here on bitfinex, so traders there cannot see a full picture, and will be caught in a trap. Don't be a buyer here, no matter...
Hyper bullish sentiment at resistance again. If you wanna be a bull here, don't buy here. This is a short trade location.
Post your HTF charts. Let's discuss some ideas. TA FA whatever
A lot of alts making similar fractals now pointing down. Good location for a short position with a stop above fakeout of triangle.
Just found this one. Will be following it for reference.
fib 61.8 - 78.3 resistance horizontal resistance rsi oversold volume divergence trendline resistance binance listing PNT token rsi divs on STF
Pretty good trade location for shorts. Right now in a pocket between 61% and 78% of a previous bear move. Bear divs on daily, and on 4 hour. We had 4h RSI breakout, and price action breakout, but it seems more like a fakeout, liquidating all shorts up there. Also price is now at the horizontal resistance, and upper fib channel. A lot of talk recently about $EDO...
What's coin on guys? Don't be surprised if the last capitulation is yet to come. It seems to me that I rushed this fractal bit earlier, but if you watch it carefully, you see that last capitulation didn't happen till this stage. You can also see that this time STAGE 5 spiked a lot deeper, because of the Corona event, and a lot of stops have been triggered in that...
Trend line broken, retest of the trendline from below right on the apex of 3 important trend lines. Sentiment is abnormally bullish for this kinda price action, so I have to act exactly opposite of the herd.