My custom built trend following indicator just printed ut a BUY signal on Ethereum. Hopefully the trend will resume from here!
If you're into technical analysis you know that price structures (a.k.a. support and resistance) are key levels to watch and that markets tend to respect them as turning points. It's very likely that a resistance, once broken, will turn into support and vice versa. This is a clear example: you can see how the price level in the yellow box (around $700) has been...
Weekly timeframe is my favorite and this shows a great support level that once again held; pretty significant pin candle last week, good level to go long from here.
Nice bullish setup on #BOTZ, yesterday's candle was a bullish rejection candle right at static support (yellow box) and SMA200; this confluence might be confirmed by today's candle. If it closes bullish it's a good opportunity to buy for the mid/long term.
I'm working on a new technical analysis indicator that identifies candlestick patterns through an AI algorithm. Today it spotted an outside reversal candle on #MELI right at a very important support. What do you think about it?
Neat break of the falling wedge on #HD, more upside move to come! A retest of previous highs is likely.
We all know that good stocks, by nature, tend to go up in the long run, but how many times you lost money although being right? How many times you took a bad entry just because you rushed it? Technical analysis and patience are key skills if you want to be profitable. In this chart, HD broke the falling wedge pattern right at the SMA200 support, which reinforces...
All the markets and indices are retesting early February lows and are stalling around critical support levels; today was a neat green day providing a strong rebound signals. In particular, QQQ showed a morning star pattern formation around a support level given by the SMA200 and former static support.
Do you know how to trade price structures? Old resistance just became new support, and today's candle confirms a swing trade entry signal. Going long from here!
Confluence of factors bringing indecision in the market; what's the next step? Looks like everything is consolidating and compressing, taking a pause from the long term bullish trend; in particular, $DIA is sitting on a strong support from which it bounced off on the most recent flash crash of early February and another confluence is given by the approaching 200...
From a fundamental point of view the US dollar is strengthening due to interest hikes, let's see what tomorrow's FOMC meeting outcome will be; as per today, a technical signal on NZDUSD might have hinted a continuation on the downside by breaking the most recent support.
The cryptocurrencies downtrend continues but it's mostly driven by manipulation than fundamental reasons. Technology is the same, blockchain is the same and nothing major happened. So, if you believed in the technology yesterday, you should continue to believe in it and just accept the widely higher volatile nature of this market compared to stocks and/or...
Excellent opportunity to go long!
Ethereum bounced off the $1000 support popping up +20% and on the hourly timeframe, catching some upwards momentum. It is well distant from the upward EMA200 moving average which indicates potential further upside moves
Bullish pattern just completed, going long at market
I'm in favor of an upside move, but there's no confirmation until the trend line is broken. What's your bias?
Sitting on the moving average after the big rally; I think it's ready to resume
All the markets seem to respect the Fibonacci levels and #cryprocurrencies make no exception; after the big drop in the past days $ETH found support around $800 level and is going back up at $1000 per share. Interestingly, this level pretty much lines up with the Fibonacci 50% retracement. Are you #trading #ethereum?