DogeCoin Potential Path We are still moving parabolic here on the hourly chart . There is a good chance for a retrace down to 55% of the previous leg. The retrace hasn't happened yet. Allow the MACD to guide us to the start of the retrace . Look for a down trendline on the retrace into the FIB support.
Centered Oscillators
Feelin good about WIN here after a lot of teasingWIN has been teasing breaking this important wedge line from its ATH for over a day now, not quite sure what to do, seemed each strong breach was beaten back by bears. I have been watching the ticker a lot because I run some bots on it. Those circled areas are places where GIANT limit orders were placed and gobbled up before a large market order shoved it back up. Seems like just a lot of accumulation by whales in anticipation of a big move or maybe they are creating it. There is a lot of pent up energy in this ticker and my guess is towards the upside. Will wait to see how it all plays out nervously.
Dual scenario Pending Presented is the 1 hr chart with 2 play outs depending on support and resistance.
Currently we see a straight consolidation riding top resistance of 83.450. A break above could trigger a buy entry to retest top resistance of 84.500.
A retest and break of 83.000 support can trigger a sell to retest 82.400.
Current indicators hint towards support retest for a potential break with MACD/SIGNAL trying to correct back into sellers favor while RSI pivoted below 50.
Be patient for entry. Please comment with thoughts and ideas. Thank you.
EOS on 1H - Two Scenarios - My First IdeaI've been working at day trading for a couple months now and have been greatly appreciative of all the help I've gotten from y'alls posts. This is my first idea and I'm an extreme novice, so both go easy on me and don't take this as expert advice. Just wanted to take a shot at contributing rather than just consuming.
I see trendline and psychological supports/resistances develop into zones over time and have outlined them as such. Currently EOS is making a mini pump through both on the chart and so I'm bullish on my bet for the coming hours, then off to retest the $7 recent time high (and fingers crossed up to the $8.6 mark. If support is broken down, I imagine a retest and then further downside to the next support of $6.25 or even $6.00.
MACD bull cross seems imminent and there is a nice positive slope leading us there.
RSI down trend line has been broken signaling a potential reversal.
OBV (just starting to play with this one) is on it's way back up to break the last positive volume push - if it passes, that'd signal a buy (again - as I understand it)
Alright, that's it - thanks in advance for any input and advice you may have on the analysis!
Final word: I have no idea if I'm using any of these tools correctly. I feel like I am, but am very open to feedback to improve my game. THANKS!
XLM is ggetting ready for collapsingAs you see the image above, XLM has moved within a impulsive wave. Wave 5 is the ending one and as candlestick pattern shows (Shooting Star) a collapsing may occur. Summary you should be very careful! Divergence probability is obvious and it's a another reason for what I've said.
GBPJPY - 5-9 April Weekly Trade PlanGBPJPY
Monthly: Bullish
Weekly Bullish
Daily: Bullish
4H: Bullish
COT:
GBP : Long 68% - Short 32% (Strong)
JPY : Long 23% - Short 77% (Weak)
Monthly: Solid bullish and with previous month close above 150.40 indicates a bullish continuation to target current monthly resistance at 155.
Weekly: Solid Bullish after 22-26 March week candle tested broken resistance 148.85 and bounced with a long nice lower wick. While last week closed solid bullish above the resistance formed at 151.62. Current weekly resistance is 153.84 April 2018 weekly candle wick then 155.
Daily: Strong Bullish momentum with close above previous resistance formed at 151.90 and with GBP is currently strong and JPY is weak from COT data that is already reflected on the chart, bullish momentum continuation is expected to extend further to target 155. Retracement should be contained within 151.90/151.
So I've 2 Scenarios for next week as following:
Scenario 1 : Looking for GJ to retrace and form a support between 152.26 and 151.84 to confirm creating a HL to extend the bullish momentum and to test highs
Scenario 2 : A failure to create a support will indicate a LH is formed and we may extend the correction to test 150.68
Weekly Trade Plan 4H Chart:
Daily Chart Outlook:
HERE IS WHAT MY NEW CHART/STRATEGY LOOKS LIKE AND THE (9) MAIN INDICATORS I USE THAT ARE THE MEAT OF THIS NEW STRATEGY “ THE ELDERLY DR. MOODY’S TRADING REMEDY FOR (BTC) TRADING” SEE NUMBER #1-#9 and there are 16 MORE SCRIPTS/INDICATORS/ALARMS AND STRATEGYS in my hybrid conflux complete trading strategy for bitcoin , I have used the very best indicators from some of the very best in trading, builders of indicators and pro script writers on trading-view, if u want to know more and learn more details I broke it down in my last couple of posts about the huge double top on the daily that is going to bring us down to retest 50k this week as the bears take over in this temporary correction, a health correction so we can move higher to ATH
GBPJPY - 22 March - 2 April 21 Weekly Trade PlanGBPJPY
This is my 29 March – 2 April 21 Week Trade Plan for GBPJPY
Monthly: Solid bullish and with a close above 150.40 will open the door to test 153.84 / 154.90 but still a close above 152.62 the May/Aug 13 zone high that is holding GJ from any upside.
Weekly: Solid Bullish with previous week candle tested broken resistance 148.85 and bounced with a long nice lower wick. But still minor weekly resistance formed at 151.62 will be holding any up move until a close above 152.62
Close above the weekly resistance is required for further up move but still a close above 152.62 Monthly range high will give solid confirmation
Close below will indicate a top formed with rejection from M range and a correction to the up move is due
Daily: Solid Bullish with support formed at 148.76 after testing 24 to 26 zone 149.63 / 148.30. A Resistance zone 151.74/151.91 to be a rejection point for any further up move. A solid close above will indicate bullish momentum continuation.
So I've 2 Scenarios for next week as following:
Scenario 1 : Looking for GJ to retrace and form a support between 151.63 and 149.86 to confirm creating a HL to extend the bullish momentum and to test highs
Scenario 2 : A failure to create a support will indicate a LH is formed and we may test the lows created at 148.76 and may be continuation
Weekly trade plan 4H Chart:
Daily Analysis Chart:
Weekly Analysis Chart:
pullback on ETHUSDTMACD has already signalled a pull back with bollinger midline still holding, if we break below the midline could be drop towards 1868-1873 based on fibs and also lower bollinger band movement. Could show potential for a small short. Will wait for price to break below midline first.
MXC in a channel, about to break out?Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones:
One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn.
One tall resistance zone that while not very strong could still indicate roughly the height that the price could go if it goes sharply bullish in the near future.
With this I've also included an MA 56 to reinforce the strength of the support zone as the MA has danced along it for a long time.
I've also included a MACD to assist in any predictions regarding impending price movement. To me it indicates an impending short term bull run, as it could be about to cross the 0 line.
In conclusion:
MXC is still in a strong bull run and has been for a year.
There are no signs that a trend reversal is impending and with the recent price spikes I would conclude that the price wants to rise above the resistance zone plotted and MXC could be a solid investment for long term investors with perhaps the only downside being a longer ROI.
For short term investors the impending resistance zone break could be a nice spike to go long on, as plotted with price points.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice.
Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
The possible trend of the BTC/USD in weekly time frame😮🔥🔥"DON'T MISS THIS ANALYSIS"
BTC after a huge bullish trend now it is in a sensitive situation.
We have too many good news about BTC but this currency like other markets can have down trends
" in weekly time frame in MACD we can see RD- divergences , so they show us we will have a down trend in the future
other indicators like RSI are in over sold and in the chart we have a pitchfork that we are in top of it in the resistance level
in my opinion we can have that trend that I shown in the chart.
BE CAREFUL ABOUT THE NEWS
VERY GOOD NEWS COMES AFTER A SHARP TRENDS WHILE WE ARE CLOSE TO RESISTANCE "
Tell me your ideas GOD WILLING , GOOD LUCK ... 😊👍
NEOUSDT - Showing multiple divergence, time to take a trade :)Hi Traders!
On 1h chart of NEOUSDT, I found both MACD and RSI formed divergence, and an uptrend is about to reverse.
So it's time to take a short position to book some profit.
Entry SHORT - 45 USDT
TP - 42.75
SL - 46.62
Risk/Reward Ratio - 1.77 :)
EURNZD - 29 March - 2 April 21 Week Trade PlanEURNZD
Previous Month : Bearish
Previous Week : Bullish
Daily : Bearish
- EURNZD managed finally to break the range 1.6660/1.6520 to the upside with a solid 300 pip bullish candle which was due to NZD housing prices and Risk Off sentiment in market (NZD is a risk driven currency) reaching a solid resistance zone 1.7020/1.6980.
- Currently resistance zone is a historical Sup/Res that did hold for several times. Lately acted as a solid resistance during Jan in a ranging area from 1.7020 1.6820.
- COT report showing that NZD long positions are getting closed while NZD shorts are not increasing which means that this is a take profit for Long positions and still not a change in positions to Short NZD. We need more views on next 2 weeks positioning in order to have clear view on position changes.
- Seasonality showing that EURNZD will reach it’s top this month and will start continuing it’s bearish trend. Which could justify the spike this month along with the COT long positions.
- I’m looking for EURNZD to range between 1.7020/1.6820 after the current run from the lows created at 1.6500 which acts as a HL after the 1.6320 LL created in Feb.
- Will prefer longs with support formation above 1.6700 to retest the highs created at 1.6980 and may be continuation. And shorts with resistance formation below 1.6980 to retest the broken range high at 1.6660/1.6620
- Building Permits on Tuesday and Consumer Confidence on Thursday may give some move during Asian Session but not trend changer.
Weekly Trade Plan 4H Chart:
The Bitcoin Dominance could to explode this rally!!!Looking this Bitcoin Dominance, Bitcoin it's still bullish, now as we see, Bitcoin it's turn bullish and we could to see another bull rally extremely volatile or the next weeks to months for Bitcoin.
Ok, i we see the Daily timeframe, Bitcoin it's appear that form a strong support in the 60% of Bitcoin Dominance, that mean a good news for Bitcoin, becuase as we see this strong support, Bitcoin could to up toward the 72% of market dominance.
Now, this it's the 3 Daily chart, and we see that Bitcoin it's extremely bullish in the dominance, that mean that i you operate with altcoins, notice that:
Altcoins/Bitcoin = could to down, becuase as Bitcoin dominance make strenthten when you see or example: The relatonship ratio with Chainlink/Bitcoin, Ethereum/Bitcoin or Cardano/Bitcoin it's go to down becuase Bitcoin it's get more strenght to up. For that, we could to experiment that Bitcoin go to up against the altcoins. now, you can to sell altcoins but very careuly, not just analyze the Bitcoin dominance, analyze your altcoin/Bitcoin to know the relationship who it's more strong? Altcoin (like Ethereum, Cardano or Chainlink) or Bitcoin). But, don't worry, i you don't understand how to analyze altcoin/Bitcoin. I can to make this analyze for you and invest in this great opporutnity in this next altseason for Cardano, Chainlink, Ethereum or XRP, my top crytpcourrency that it's not BItcoin to get more Bitcoin usign their relationship. And also, i you see the MACD or RSI, both indicator are showing us a good news for Bitcoin.
And finally, the weekly chart it's extremely bullish, becuase we make support as I mark this trend line, and in four occasion we form a lower high, that could to explode the Bitcoin bull rally. For that, it'svery important i you invest in Bitcoin and altcoins, you will need to check out to become a crytpocurrency trader and like an expert to analyze it.
Guys, if you found out that this idea it's sound intersting for you, please comment below about your perspective and idea for the Bitcoin Dominance and share this analyze for other people know this information!!!
FLNT in a declining channel?Hi. Since the end of February FLNT has been in a bearish trend after barely breaking its high from May in 2020.
I perceive no reason to believe this trend will reverse.
On the chart is a channel within which I anticipate the price will remain as it continues to drop and that the price will imminently bounce off the top line of the channel to then retreat to continue the trend.
The low MACD and its movement to cross its Signal within a week supports this.
The current low RSI also shows that there is room for buy to move the price to the top line of the channel.
Its high volatility could however undermine both these indications, but its improbable.
Two examples are shown on the chart: A long position to profit off the bounce and a following short position for the return to trend.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice.
Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.