Falling
IOTAUSD - Correction is done, time to start the rocket again.Here's my new favorite: IOTA.
Technical:
During the ABC - correction, a falling wedge was created. Falling wedges are normally known as bullish chart patterns. IOTA breaking this wedge in combination with the bullish divergence both in the MACD and the Stochastic RSI gives a strong bullish signal. Because there is a more or less strong resistance at 4.00$ now, we can use this as a bullish confirmation and open trades as soon as IOTA rises above this point.
Fundamental:
A lot of hype was created around IOTA lately causing and because of the 1000% rise in only two weeks. At the moment, the high media presence of Bitcoin attracts new investors. Those are often looking for the "next Bitcoin". As IOTA kickstarted this rocket lately and as there are many new people, we've got a bunch of new money in the game that wants to be thrown into IOTA.
We have to look carefully what Bitcoin is doing. A correction is overdue. On the other hand, it can go nuts again every second. The altcoin market, including IOTA, always has to bleed in both cases.
Good Luck.
Disclaimer: I'm a relatively unexperienced trader, so don't consider this investment advice.
Long Opportunity - Falling Wedge/Bearish Cypher - At Buy LevelAVT has been firmly stuck in a bear trend for the week or so. The chart started off looking very bullish, but has since pulled all the way back to the original .786 fib line. It appears we should be nearing a reversal, as two patterns have clearly formed that suggest a breakout above $3 is on the horizon.
When we look at the trend lines we see a falling wedge, but it is also set up to complete the CD leg of a bearish cypher. The indicators are still bearish so we need confirmation of a reversal & volume has been low which will obviously need to change. Overall, I think this is a good opportunity given how this chart has played out so far with high probability. Set a tight stop as this pattern can't go very much lower & still be valid.
Buy: 2.5 - 2.7
Stop: 2.45
Target: 3.98
$KORE wanting to break out of the falling wedge??Kore has been very volatile over the last couple of weeks . . . However. A trend is emerging, and with the new wallet being updated to Bittrex, I think we can witness a TO DA MOON event!
BTC Falling Wedge in 12h Chart. BullishFalling wedge in 12h chart. Ignoring the FUD sell due to China news which was rejected by the market straight away.
14/09/2017 BTC/USD AnalysisPrice had a big fall after the announcements of China. www.reuters.com
www.reuters.com
17/08/2017 S&P500 Analysis"Stocks, U.S. yields fall on U.S. policy doubts, Barcelona attack" www.reuters.com
AUDUSD SHORTThis pair has been on my radar for a while and I have also been in this trade with 2 positions from where my predictions starts. It is a slow Monday ATM for this chart but i am expecting a breakout of this pair to the downside as price broke resistance but has now falling back into place. This price action has taking longer than expected but still in profit.
PATIENCE IS KEY!!
FALL, FALL, FALL
0.77190 as support but TP at 0.77525 to allow for margin of error.
10/08/2017 S&P500 Analysis"S&P falls 1.4 percent in safety flight on North Korea tensions".
TVC:SPX
www.reuters.com
medium term buy set uplooking to the upside, if price struggles to break above the pattern take profits
20/06/2017 S&P500 AnalysisAfter a bullish day, Tuesday was a day in red for most of the markets worldwide. Generated mainly by a fall in oil prices, which led to levels that it did not reach for many days. www.reuters.com
USD BITCOIN: How to hedge against a falling $ this weekendDXY: Dollar Index The Dollar closed on its lows for the weekend and will likely be sold off heavily if not in Tokyo, in London come Monday. it should fall a further 1.7% from here.
But there could still be an opportunity this weekend to hedge - it depends on Bitcoin breaking above 2460. If it does, it should be worth following. Please see Bitcoin comment also.
FALLING IN LOVE - GBP/USD SHORT SETUP | RR 3,61Hey Guys,
here comes the free fall. Enjoy it. Peaceeee :)
28/04/2017 GE analysisPrice stays down, after breaking the observed apparent support, wait a signal indicating the weakening of this fall.
GBPUSD Down FallHello traders, My Analysis on GBPUSD is I think It will break the 23.6% Fibo Level, so If it breaks and close under the 23.6% level I will be short on this pair with 1st Target of 1.20785.
#TradeAtYourOnRisk
#GBPUSD
#SHORT
Netflix has found a channel and is going to followNASDAQ: NFLX seems to be following a channel between 140.64 - 129.02. Will the trend continue to peak and fall around the 140 mark or will it continue to fall to a lower 130? Personally the stock seems to be healthy but, it is also near its all time high. I would think it would fall for a few more weeks. Go check it out.
