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a different view If we zoom out to the daily and take a look at eth we find our self still above a legacy trend line that can be traced all the way back through the bear market with touches even back as far as the start of the last bull run. Who knows if any of that matters but its in play now for sure and we seem to be finding support above it. That combined with a bullish cross of the 10 and 21 MA gives me some hope that we may see another pump up to the top of this wedge before some serious downside action, or at the very least a bounce from this support. Also not pictured here we have an inverse head and shoulders on smaller time frames, mainly 1hr and down. It seems crazy to me that with everything going on right now in the world of eth and the external world that this would be the end. I would be lying if I said I did not think its possible that it is but I do believe the rocket still has some gas left. No pun intended ;).
GEMINI:ETHUSDLong
by loadedcoal
AEX Is Inside a Rising Wedge, After Struggling at the 0.500 Fib Let's look at the Dutch AEX index. The prices seem to not have recovered as much as the american stock markets, giving us more opportunity to trade with higher percentage gains. However, I am starting this one with my analysis on an upcoming short trade. I'm not a huge fan of this inverted fibonacci retracement, but saw it getting very popular on charts recently to model the big Corona drop. If we use this charting method, we do see the price struggled quite a bit to overcome the 0.5 fib level. After oscillating quite a bit in this rising wedge, we are reaching the point where the price will need to make a decision soon. A rising wedge is a bearish pattern, so I expect a bearish breakout after reaching still slightly higher. possibly around the 525 level. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
EURONEXT:AEXShort
by Trading-Guru
3
NASDAQ Doesn't Make Any Sense Anymore! But let's earn some moneyWe know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical analysis I expect the price to break out. Okay, we could look at fundamental information like how the technology sector might not be negatively impacted by corona as much as the other sectors. Not just because their products are all online, and people have to arrange their whole life online right now. Also because the people who work for those companies are much more comfortable and capable working from home. But hey, look at other markets that are not technology based. All green. All going up. This doesn't make any sense to me. Let's earn some money. It already tried this level one time before, and only bounced back a little bit. With this second attempt on the resistance the bulls will be stronger and have left many bears behind them. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
TVC:NDQLong
by Trading-Guru
6
HEXOCORP LONGLooks like a fantastic opportunity. This is not a fundamentally driven trade but does have a fantastic RR and is positioned for a meaningful bounce on the market open. I dont usually trade stocks but because the cryptomarket is experiencing little to no volatility at this time it is a good idea to look into other asset classes in search of this volatility. Im going in.... cant wait for crypto to have some direction again. This lethargy really is enough to gag a maggot. God Speed, Mr. Manbearpig
HLong
by MrLucifer7
4