It is starting to look like the top on the chart. You have weekly candles with some rejection looking wicks on the weekly and the daily. Also looks like an older resistance area from the past too. The daily will tell you what’s next. No candles have closed outside of the flag on the daily. The break out should guide once that happens. No special indicators here,...
Not sure if the XRP win will clear up these other coins. What we want to see with this coin is break our wedge. Break out and range but not see more new lows. Hopefully there is $ entering the market soon with some of these alleged security coins.
Looks like we want to break the trend line. 1 hr candle looks like it wants to close on the other side. Could be a good scalp down. If it plays out and you missed it, there is always a retest where the candles closed below. You should have a 2nd opportunity there too.
Good luck out there. Hopefully in the next half hour, we should know if were staying up or down....
Broke trend line. Looks like we are retesting the break. Looking for some candle to close below current trend line for a sell back the the mid 20’s. Stop-loss always in case the market says “ we don’t care about market structure” LOL. You never know.
Took a few seconds. Are we doing the same move from 8 months ago. Will there be a new ATH? Are we eventually gonna see it? I don’t know, The holidays are around the corner. For the last 3 years of my trading journey, the holidays trading volume slows way down. Be careful and patient with the markets. March & October are night and day.
As you can see. There are areas which have not gotten a retest. Continues to make lows.
There are some trades if you are willing to put the risk into them. Daily chart with some risky buys if you want to, the rewards could be very very nice.
Another hope coin. Could be a total win or a total loss if you got in around the zone it is in now.
If they ever do remove the coin from the alleged securities list. These are the zones that did not receive a retest. I truly hope we get to see these price areas in the future. Something to follow for the time being and that there is clarity now, since XRP won...
Looks like the candles are at a retest of the previous support. It’s possible we may get a surge above the resistance with the news of XRP. At the moment, the chart is looking like a sell to me. Either way, you have 2 trade ideas. The first one being a SELL we are high enough to the resistance line, please do set a stop loss. If we do get a surge of volume from...
2 ideas for this chart. If we close on the top side of the diagonal yellow line is a possible buy. If we don’t close we can take a sell. There will be a shake out so make sure you have stop loss active.
Candles closed on the other side of the trend line on the 4hr. Are we retesting the previous support for a nice sell? Could possibly be a fake out for a sell too. You could do 2 scalp trades. One to retest the broken support and then another sell to the diagonal trend line.
If we find support above the broken support. Then I’d wait for the charts to go back to...
Broke the trend line. Don’t think its a fake out. Pretty sure it will retest the break out or close to it for a nice entry to bleed down to .44 ish. Should be a good support for the time being unless the market wants lower, never know.
Had initial closed over diagonal resistance until today. Made a new low. Adjusted diagonal resistance. Looks like we’re going back to .9
Market always doing weird things.
Looks like we are at a good place to buy. Candles have closed over the downward trend line. Would keep an eye on it for the next couple of weeks to make sure it doesn’t go down a tad more. I’m if it does just adjust the downward trend line to the new low and wait for the candles to close on the other side again. The fib level is holding. If it holds, could see it...
Monthly RSI is heavy over sold at the moment. Will there be a pullback to the center Bollinger band? Can it go even higher? Who knows.
If we break the monthly support I can see going to the next yellow target. Something seriously wrong if we don’t get a pullback within the next few weeks.
Just looking for an trend line break to retest the bearish move. Candles also resting on the lower Bollinger bands.
Looking for support. We are close to pre pandemic support. Doubtful it will break. interest rates in my opinion were suppressed for elections. Possibly a very good swing trade. Keep and open mind.
Just from observation only. Basic basic trend lines.
Looks like each previous touch on trend line were buys. Could easily take a buy opportunity with a stop loss at previous resistance area (red line) or hold the buy so long as your account can support.
Taking trade to last resistance of 2.25 or close earlier.
I am taking the chance here with small lot size....
Purely education post. Thought I’d share it.
Bullish divergence on the daily chart.
On the forex charts, trades can chart take a me 1 to 2 weeks to play out. Honestly have not tried trading crypto like the forex charts.
You can also see the long shadow on the candle stick that touched resistance and fell. The market continues in the same direction. I imagine...
