The over idea behind the strategy is very simple.
We all know how to use Fibonacci Retracements and Bollinger Bands.
The indicator on top combines both using Fib levels in a Bollinger band fashion. (I did not make the indicator)
On the bottom we have the Awesome Oscillator (Also not my creation) reading on the 200 for accuracy.
The Oscillator is used to...
Will $NVDA get support from dashed mid-line of down trending channel?
This dashed line was resistance before. $NVDA is a nice technical
chart to watch. Lots of professional engineers, who now trade, like to trade
$NVDA which makes it great for technical analysis.
market is in a gully new retail traders are coming to trade let me tell you something important even if you know technical analysis that is not enough
what you need is a proper risk management rules and get rid of all your psychological issues I suggest that if want to become a trader first thing you
do is work on your psychology only books will not help you in...
I'm looking to go bullish a little on market
I feel this might actually go well, looking good. The market is still bearish but we can still pick up short LONGs entry.
GBPJPY hits 2-1/2 weeks high on surging pound sterling. It gained sharply against USD on upbeat UK CPI data.
Technicals:
On the lower side, immediate support is around 162.80,
watched is around 164, a break above that level confirms intraday bullishness, and a jump to 166 is possible.
Seems as if LTC is going up in a rising wedge. LTC pumped out some nice gains this last week. What do you think?
**Please comment, like, and follow. Trying to build a base as a beginner. Any feedback is appreciated.**
**This is NOT financial advice**
If the frequencies continue with a uptrend pattern it can likely hold another support for another price resistance.
We can possible maximize profit from this level while awaiting for another resistance for the next level.
The pattern within the selling level is recommended.
While for the buying spot make a good entry.
Best wishes:.
TP with maximum...
The pattern is repeating toward the same support. That indicate a possible correction.
In the main time trading at the level would be considered while checking for resistance.
If the scenario is Hodling strong the bullish form will take place.
SP;-- 181.25
TP;-- 190.78
Have a great week ahead.
Just observing the Head & Shoulders formation that has completed in XRP which projects a rally to retest a new time high. If it can confirm a close above $0.02081, then there will be a lot of confidence that the lows are behind.
-Use risk management and be ready for all scenarios
-Don't forget likes and follow for more ideas and signals
-Best of wishes ✔🙏
I am new & this is my first published idea, I welcome any & all constructive feedback. I am NOT a financial advisor, this is NOT financial advice, I'm just a dude who has been smitten by charting.
$AMP is one of the new listings on Coinbase & is (at time of typing) the "cheapest" currency on the big American exchange. This chart is a basic example of price action...
Well, this time I was wrong. Instead of a Head and Shoulders (orange) and consolidation around 55k, BITFINEX:BTCUSD shot straight up to 61k over the weekend. I knew the H&S was not a strong possibility, but I thought the consolidation was very likely. I still think the consolidation I had predicted will happen this week. Let's see what the numbers tell us.
...
Once again I was right. The cup with handle (pink) even ended right where I finished my drawing!
We've been on a bit of a roller-coaster since then, so will we dip further or will be start moving up again?
From a pattern perspective, it looks like we are forming a Head and Shoulders (in orange).
However, when we look at the indicators, it is a different...
And I was right! Not only did we have a double bottom (in orange), but we broke out of it last night. Additionally, we have already broken the resistance of the next level. I thought it would take us a few days, but BITFINEX:BTCUSD never ceases to amaze me. What's in store for this week? Read my analysis to find out.
Analysis:
The next level of resistance is...
