Price was rejected at a resistance line, looking for a potential short trade along the dotted inferred trend line.
XBT/USD is showing a strong red candle on the daily after being strongly rejected at $13,800 level, further downside will more than likely occur as predicted as shorts begin to accumulate. Yellow lines are possible support areas. Given the amount of bullish momentum and price action lately, a nice correction is definitely warranted.
Timeframe: 1 day Criteria: below support line with a downward tendency Look for retest of the trend line at 1.9040 area and confirmation for short opportunity.
EOS is looking like a solid buy right now, price has extended above the trend line with a strong green candle. Possible first resistance around the $8.60 level
Price fell out of the sideways trading channel on the daily timeframe recently. Price retested the bottom support line and 0.382 fib area and was rejected indicating possible short.
I am thinking price will fall to the .6860 area and bounce up from there for a possible long term trade in the coming days/weeks. Look for a restest and bullish confirmation from the bottom portion of the channel if it is retested.
On June 17, ETH/USD broke support of the blue trend line (broken at $270 area). The pair found support at the $260 level (white dashed line) and traded up and broke the resistance level around $280 area . The pair currently traded back into the former blue trend line at the $288 level and is currently looking like it is going to retest it on the 4 hr. We will...
On the daily time frame, I am thinking ETH/USD will trade towards the top of the white ($280-$290 Area) over the next day or two before retracing or moving higher. If price action moves above the white trendline, I would expect a a restest/confirmation before buying - likewise with shorting. If price breaksdown, I would like to see a retest and rejection before shorting.
Price has been trading in and out of sideways channel for about a month now. A few attempts to drive price above the channel and below the channel have occurred and was rejected. Price recently traded to the top of the channel and was rejected; therefore, a short trade looks like a possible opportunity.
Looking for short term short trade to the top white trendline. Look for restest for possible future moves.
Potential short opportunity continuation. Price has fallen out of the upward channel and is now trading below support, look for confirmation retest of channel and support line before short.
Price action is moving in an upward trend over the last few months, but as of March the price action seems to be uncertain and trading sideways. I would hold off on longs or shorts until better confirmation of direction is determined.
Price action is trending sideways, short below white trend line/blue vertical line
Price is trading sideways on the daily. Short below white horizontal trend line to bottom of channel.
RSI is indicating overbought conditions and price is approaching the R1 level of 1.3189. Possible pull back to the PP level of 1.3084 area before upward trend continuation on the 4 hour chart.
Short-term buy order up until the upper channel, then short sell the pair when upper portion of channel is tested and continuation of downtrend is confirmed
Pullback at resistance is likely, possibly continuing uptrend after pull-back and trendline bounce.