BTC Looking to venture to the downside for a natural correction after a rallying summer. Looking at the triangle set up we have support and resistance levels with their appropriate targets if each is broken.
We broke the support to show some evidence to downside potential.
Will see how things go...
DISCLAIMER:
Not financial advice.
Do your own research...
So looking short here if we see price break below $79, simple MACD set up for a quick short play...
If more downside shows and we see more evidence for a prolonged sell-off of the stock we can make an argument that price may test $62.
For that to happen some catalyst would be some big market sell-off days or a signal from fundamentals...
Drop your comments and...
So looking at the price right now we see some interesting developments:
1) The price goes down to the short term selling point (the area is indicated by the red rectangle). The RSI seems to be entering the oversold area and MACD do is in the negative.
-If we see a confirmation of more downside potential:
2) Depending on the strength and momentum of the price...
This is a quick set up buy on the support and sell at resistance. Can keep some units over to see if it breaks resistance and keeps going but that'll be your call depending on the circumstances.
A little backtest on left side...
So looking at this simple set up we have some trigger points to buy depending on how the price action plays out.
So if the candles hit down and back up inside the wedge and breaks through you can place a buy trigger on the tick up to the break.
A buy range is the area of the blue rectangle.
Set a stop loss accordingly.
So the chart is pretty clear. XRP doing what the probabilities say it would however major points to watch for:
1) If the green support is broken there are 3 levels of price action to look at inorder to determine a trend down. I usually use a 16 candle count to confirm a trend and look at each support line to determine a reversal or continuation.
Following the...
There is money to be made in any way the market goes.
For LTC here, specifically, I have made a setup that will allow you to use your knowledge and understanding of intraday or longterm trading to make some money. I have a green resistance line that acts as a short-term resistance to be used as a breakout trigger. The blue box will be the area where you can book...
GE closed solid at a critical price of $14.00 give or take. Friday, July, 13 trading day may be decision day for those who are looking to buy. This is how I will approach: If GE will hold on the 13th of July and continue to make a positive incline to a $14.50-$14.75 range then it will start to test the next resistance.
If GE does not hold in on the 13th then I...
So looking at this chart we've broken the descending trend line and now there is some good room for some incline. There is a resistance around 247 sat that can foreshadow continued bull movement if broken.
Looking at the MA we see a patter of peeks around 0.0001 and if we move above that resistance then we can confirm a nice long position back to ATH.
Anything...
ETH price is a nice one for a buy around $730. Trend lines show a nice bull flag but how it all plays out is depending on the support and resistance lines. Moving averages are going to be important to follow closely. Watch out for a climb to $900 if break the $860 resistance. We may see a climb back to $800 to $900 zone before hitting $1000 and eventually an ATH...
Just some trend lines, support, resistance, and what we may see playing out for the next weeks and months. This is a rough draft, I am applying what I learned recently on T.A. I am open to advise and critique (It's how I learn).
I published some TA on the RDN/BTC chart that follows a similar trend as the BAT/BTC one. We see a possible decline to .00005, a good place for entry. The price target for the next 24 hours is .00007.
(This is for myself, I am learning TA and want to put some recently learned tips and principals. Feel free to comment what you think and if you have any tips and...
Looking at the trend lines looks like there may be a good point to get in for those who haven't yet. For those accumulating fill your final order around .00037168. 24 hr Price target is around .00050
(This is for myself, I am learning TA and want to put some recently learned tips and principals. Feel free to comment what you think and if you have any tips and...
