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Morning Star

Morning Star Candlestick Pattern EducationMorning star candlestick patterns can be strong reversal signs, but need to be traded safely as they are not always reliable, try to only use them at areas that are likely to be a “bottom” of a trend. They consist of the first candle being bearish and large bodied, the second candle being a doji, usually tiny with a two distinct wicks and the 3rd candle being bullish, large bodied and surpassing 50% of the value of the first candle. A shooting star is the oppiosite of a Morning Star. I will be posting excerpts from a new in depth crypto trading guide every week on my discord: www.invite.gg
COINBASE:BTCUSDEducation
by Wolf_Of_Amsterdam
30% EDGE profit potental!Nice opportunity to profit from EDGE. Price has rejected the lower trendline boundary creating a nice morning star signal. Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit! Second level will be the upper channel coundary around 3600 (30% profit). Entry: up to 2800 TP1: 3340 TP2: 3600
ELong
by Block-Head
EURUSD breakout?The price has failed to move above the previous high and has now moved back down, the price has managed to just about break the channel and move below the support level. A morning star has appeared just outside the channel, this may be a signal that the price is going to move back into the channel and this breakout will fade, if the price bounces at this point there is a chance that we may see further bearish moves. The RSI is currently in a bearish position and looks like a breakout may take place at this level.
by JohnnyPurtoy98
My thoughts on DBXCurrently I'm in July $33 and August $32 calls just waiting patiently through the whipsaw. But technically speaking it looks like DBX needs to clear the 33.23 area in order to really gain some momentum to the upside. The candle on July 11, 2018 could quite possibly be a morning star reversal if DBX can break out of its triangle. Line in the sand is obviously losing the low of July 11th's candle and/or the lower trend line. Let's see what she does! Would be nice if DBX was bought out in the next 1-2 months ;)
NASDAQ:DBXLong
by brianweber
1
BTC Bearish & Bullish UpdateLike i said in the morning - if we want to be bullish again we need a breakthrough right away from this area with another strong candle - we did it, almost! Pushed through with a sloppy "Morning Star" candlestick pattern and are heading to test "FLAG" bottom trendline! If today closes around $8400 then BTC forms in daily candle "Hammer" candlestick pattern (which is another bullish sign) and hopefully finally Consensus kicks in! But if we just retest flag bottom trend line and find from there bearish price action then we are bearish again! Good Luck!
BITFINEX:BTCUSD
by VaidoVeek