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LTCUSD Major Resistance Hello Traders, New Thesis on LTCUSD, Points to consider; - Uptrend Broken - Broke major support, now testing as resistance - Stoch crossing bearish - Volume climax on 4hr time frame - EMA crossing bullish, insignificant with all bearish indicators - RSI neutral on 4hr time frame LTC needs to break this major resistance for it to continue its uptrend, this will allow it to put in a healthy lower high. However, going short is looking more probable as BTC market structure is bearish, Major ALTs tend to follow BTC, thus the target for LTC from current resistance is more likely to be the support zone at around $50.00. What are your thoughts? Please leave a like and comment and remember, “Letting losses run is the most serious mistake made by most investors.” – William O’Neil
COINBASE:LTCUSDShort
by AzizKhanZamani
Bitcoin - Uptrend or Downtrend?It is Friday and again another analysis of BTCUSD. This week has been a rough week with the first red weekly candle in a long time. I've found the daily 30EMA has been a strong support, RSI is at a healthy 50 on the daily. Looking at the market and trying to predict an outcome is quite difficult. When I look at this chart I see the 30EMA as a good support, a small red bull hammer is forming on the 06/06/19 candle. The stochastic RSI is oversold and trying to reverse for a bull run. Volume on the red candles is depleting showing a loss in momentum. I feel the big indicator to keep an eye on is the 30EMA, if we see a significant drop below and a close to cement the bearish trend in action this would confirm a trend reversal to the bear side. If we keep an eye on the 30EMA and see on the 70/06/2019 candle open with a bullish formation we can expect this to be the new support/bottom. There is plenty of room for price action to move either way, so don't be fooled and keep an open opinion. As always please like this post if you agree and comment if you have a constructive opinion. This is in no way finicial advice and all care should be taken to carry out your own analysis and decisions before investing.
BITFINEX:BTCUSD
by IRApTOIR
1
Gold [1-3 days view]Short Gold Entry: 1291.50 SL: 1303.40 TP: 1247.75 Global markets are currently in a risk off environment given the recent trade-war escalation tweets by Trump. This also is in line with safe-haven currency such as JPY outperforming this week. Technically, market reacted below long term descending trednline resistance. Price is also currently testing what I would call the natural MA of the market. MACD shows a bearish crossover, however, do note that it is still within bullish territory. Update: Trade was triggered overnight, and market has moved quite a bit as expected. I've trailed my stop loss to protect the trade and some profits. This trade is now risk free.
FOREXCOM:XAUUSDShort
by laughingchartist
AEM Holdings (SGX)Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected. Market reacted below desceding trendline resistance RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level. RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by the yellow arrows. Buying area finds confluence with fibo retracement and strong supply and demand level. Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
SGX:AWX
by laughingchartist
Gold [1-3 days view]Short Gold Entry: 1283 SL: 1287.77 TP1: 1273.75 TP2: 1260.75 I expect a Gold to drop. Market close to descending trendline resistance. RSI also testing descending trendline resistance. Market has reacted below this resistance multiple times in the past (shown by yellow arrows). Long term, market within a descending wedge pattern. Market however is still holding above it's short term natural EMA. Once this EMA is broken, we should see a higher conviction of a deeper drop.
FOREXCOM:XAUUSDShort
by laughingchartist
Unusual (1D1 - SGX) [1-3 weeks view]Long 1D1 with low conviction Entry: $0.285 SL: $0.270 Market is forming a possible double bottom reversal pattern. Only when price surpasses $0.330 will this reversal pattern be confirmed. $0.330 is also a strong resistance level found twice via: - Descending trendline resistance - Double bottom neckline Should market break above $0.330, we can expect to see price rise towards $0.395 which is both 0.618 retracement level and a probable wave 4 target.
1Long
by laughingchartist
Forget Bitcoin and watch this textbook TA!Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect level and then takes off like a rocket! Beautiful. (and highly profitable).
LSE:PPSEducation
by GlenGoodman
7
Quarkchain Overnight (8-10 hour buy)Closing triangle pattern could indicate a breakout shortly. Currently the ROC & MACD Oscillators are indicating the same pattern as the price trend (upwards), therefore convergence...a buy signal. MACD line cross above the Signal line as well as the ROC point upward are both buy signals. Let's see how this over night trade would play out. This is just charting practice for me. I'm not in this trade nor do I recommend it. Just want to see how it plays out.
Long
by arneldurakovic
$SPY - Daily Chart Extreme Overbought & Parabolic Snapback Setup$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30% less trades than normal. Longs my hold time is about 1/2 of what it was a few months ago. Always have to adapt and find the trend with market conditions. $SPY - expecting a pullback sooner than later with stochastics now at 90.17. Market is due for a breather and pullback to at least 9ema, otherwise other notable level is $283 area again (for tap off support). Have a great weekend coming up!
AMEX:SPYShort
by BullsOnWallStreet
GBP/CAD - ShortI am new to trading and recently started to publish my analysis. Any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques. I have done some analysis on the GBP/CAD . The analysis has been done on the 1 hour candlestick chart with the trendline being drawn on the 4hr and I will be keeping an eye on this pair. There is a strong resistance line 1.777 which has been tested around 5/6 times. This is where you can also see a triple top forming. Which is a signal for the price to start to go down. It has touched the trendline three times over the past week and also the resistance line. I would place my: SL @ 1.782 TP @ 1.760 lets see how this plays out
Short
by IJMInvesting
1