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Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
Long
by DrDovetail
Cypher- Shark - 5-0 Constellation FINALA Shark pattern is nested in a larger slightly broken Cypher pattern with the possibility of a preceding 5-0 pattern. The most likely point for bearish reversal is at 0.74406 due to alignment of 0.382 of CD from both Cypher and Shark. However if price continues moving upward then the half way point for CD of Shark @ 0.75648 becomes relevant due to possibility of 5-0 pattern, which is a 1 step extension of Shark First support line is at 0.71579 - a 1.618 extension of AB from Shark The strongest support range is between 0.71029 and 0.70436 where D from the Broken Cypher and Shark are in close proximity to one another (dark green) If price drops below that then the official 1.618-2.24 of AB reversal range takes over again to extend D from between 1.13 of XA to 2.24 of AB (light green) If that happens it will probably be more difficult for price to jump back over main support range which now becomes resistance If price passes 0.6814 (2.24 of AB) shorting is recommended, otherwise go long until 0.74406 (0.382 of CD) or set two stop losses for 0.382 and 0.50 of CD @ 0.75648
by JoshuaGalinus
ETH/USD 1D - Which way it will go?ETH/USD is trading around $200 since the last few days. We've seen the price attempted to make a bull run but it was stopped by EMA50 few days ago and it's going sideway now. I think I will prepare for 2 scenarios: - Scenario 1: If the price go up and close above $240, which means it has a successful break-out to EMA50, then ETH can go to resistance zone ($380 - $400). We have the resistance of EMA200 and the round number ($400) in this zone. Moreover, the downtrend line also goes through there. This zone seems like a strong resistance zone and it may make the price go down again. - Scenario 2: If the price closed below $190, I expect that the price will drop to $130 - $150 before we have a recovery wave. I will keep my eyes open to take the chances. Let me know your thought by commenting below, it would help us better. P/S: This is my personal idea. Just look at it as a reference. Always remember to set your Stop-Loss in each trade to protect your funds.
BITFINEX:ETHUSD
by Steve_Pham
1
BTCUSD GOING UP TOUCHING 7000.00Pair Currency: BTCUSD Direction: Uptrend. BTCUSD has been predicted to go up in the next days, as my chart show. Yesterday, there was a really high uptrend, touching nearly the 6600.00! As you can see, I have pointed the important points with the black circle to show how I came up for an uptrend. Bollinger Bands and also WMA at 7 will predict an uptrend, with WMA touching the middle Bollinger Band lIKE AND COMMENT MY IDEA! FOLLOW NOW FOR FREE TRADES!
COINBASE:BTCUSDLong
by Gurniamat
XRP H&S target reached; Big Bounce Support on 1Day 50maPlease look back 4-5 ideas about the XRP H&S target I pointed out...we have found support at the nearest direct support line immediately below the drop target of the head and shoulder pattern I pointed out. We have seen a very nice bounce here at the 1 day 50ma(in orange)...still a chance that this support could fail if so the next fib line down just under this MA will likely find the ultimate bounce support if this one doesn't hold support. This one may be enough for us to continue upward however. Will need to start seeing a series of higher low/higher highs form though as of now bears have the reigns. However now that the drop target has been fulfilled on the head and shoulder breakdown the bulls may be able to steal the reigns back very soon.
by DrDovetail
4