Entry --> 1.2658 Stop Loss --> 1.2674 Take Profit --> 1.2627
Taking a quick look at the BTC/USD H4 chart it appears there may be a slight retracement to the low 3800's and probably a sweep of the lows going into the weekend before a bigger move happens, here is the highlights. - Bearish Divergence - MACD Bearish Crossover - S/R trendline + 4000 barrier close proximity - Accompanied by a decreasing volume Cheers,...
Possible for a short position if there is a retest of the broken trend line support on the H4. Entry --> 1.32502 Stop --> 1.32773 Target --> 1.31888 R:R --> 2.27 Cheers, Chloster
Hey buds, Taking a look at LTC/USD pair today we can see price is heading for major resistance around the $50 area. * $50 Physiological price * Daily 200 EMA currently at $51 * Major Horizontal support that failed around $49-50 I'd be careful longing into this resistance block if you're a conservative trading. If $50 gets smashed to pieces next target would be...
On the H1 chart for COINBASE:ETHUSD appears price broken through the S/R box with conviction on that second hourly candle after the impulse move. Finding consolidation above the box and at the 100EMAA could spell for another move up if volume stays heavy enough. Trade Responsibly. Cheers ~Chloster
Taking a look at the AAPL weekly chart today with the month almost over. - The past 4 weeks we've seen a modest increase in price from the 200EMA - The volume decline in each subsequent week is concerning that his may be a temporary rally - Looking for a rally and break past the 100EMA on the W1 chart Cheers ~Chloster
Quick post on the ZIL/BTC pair today. Taking a long position on the retest of the bull pennant. Entry - 623 sat Stop - 608 sat Target - 668 sat R/R - 2.75 ~Chloster
Hey Buds, today I'm taking a look at the weekly chart for BINANCE:XLMBTC . Been watching this chart for a while now and with today's price action the long term support box in blue has seemly been violated. If we get a weekly close below this box I expect a further drop in the XLM/BTC pair. This support box has been respected since the first week of April since...
Hey buds, Taking a look at the ICX/BTC pair today on Binance. Here's the run down. - Head and Shoulders Bearish Continuation Pattern forming after the long run down - Support/Neckline is in the 600- 603 box - Wait for a strong impulse H1 or H4 close either through the support or bounce up Cheers, ~Chloster
Bitcoin COINBASE:BTCUSD seemingly broke out of the symmetrical triangle that has been forming for the past few weeks this morning. There is still plenty of day left for the volume to increase and add conviction to his downward breakout and expect a fierce fall, but in the case that it doesn't I could see this turning into a bear trap and breaking back up through...
Hey Buds, Today I was just browsing some different charts and seem a possible resistance box on the EUR/USD Daily chat to may seem to hold. Short opportunity if the daily closes below this box. I wouldn't think this pair would drop a lot so if you manage to gain some pips don't be afraid to take some profits. Be fearful out there. Cheers, Chloster
This seems like a good area for profit taking for anyone that is on this Tron train. I'll be scaling out of my long positions between 721 and 740. Will be looking for a pull back in the 690-700 region to perhaps get back in for another retest.
Here for a quick look at the TRX/BTC pair on Binance. BINANCE:TRXBTC Potential for an upward break, 4H RSI rising wedge along with a nice looking bull pennant. A break of the pennant is setting my target in the 580 Sat region. Entry: on breakout Stop-Loss: below support of pennant Target: 580 Sats
TSX:TD Nearing the 200EMA on the weekly chart. Acted as a nice bounce spot every encounter in the last decade. Considering market environment I will be playing this very safe and waiting for some kind of confirmation before entering a long position. Any kind of daily closes under that range will be enough for me to pass on this trade. Entry - $65.24 StopLoss -...
Taking a look at the daily chart CIBC TSX:CM to see that it could be at a very decisive point around the $104 area. Price hit a major horizontal that acted as a strong resistance turned strong support with price hitting that level on multiple occasions with subsequently massive price movement to follow. * If price breaks this S/R level with conviction I will...
Looking at a daily close under $69.20 for a short opportunity. Price is testing a horizontal that acted as strong support twice recently. Coupled with a 100/200EMA cross and current market situation will lead to a break in my opinion. Entry: Would like to see a strong break of support and take the first retest to the $69 area. Stop-Loss: $70.10 Take-Profit: $67.66
*TRX/BTC looks to be ready to complete a rising wedge pattern. *Decreasing volume is a good indication, look for an expansion of volume on the support break. *A good entry would be to enter below the last low reaction *Look to take profits on the 4H 200EMA area
Second bear flag showing on the 15min chart, one more leg down could be in the works.