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Murrey

Is VMW done correcting!?VMW took a big tumble with over 20% drop from the ATH over the last 2 weeks. It seems to have found its bottom at around 166ish. It is very oversold on the Murrey's channel. The Master MACD is indicating it is beginning to recover. The Alpha-Omega Volatility also indicates an overall shift to bullish volatility. Warning and UP has also appeared to help confirm a change in direction. A double bottom seems to have also been set. Overall VMW is still in a strong uptrend on the longer time frames. This was a much needed correction with people taking profits. -faulkin
VLong
by hypester_trading
2
ADA has finally found support!?After having fallen for the last two months, the low seems to have been set according to the Spectral Range's indicator. You can see the area drawn with a rectangle in the chart. This area of support was also a support in December 2018, which makes it stronger. In addition, the volume has increased heavily and helps confirms interest is growing. A pennant has formed after exiting the oversold region of the Murrey's channel. Now, a pennant can break up or down so if you want to play more conservative you can always wait for a breakout. The Ultimate Trend Analyzer indicator just turned green so it is saying the trend is changing to the upside. Fundamentally ADA's Shelley testnet is expected to be released in June so this will be a great catalyst. -faulkin
Long
by hypester_trading
EURJPY Long OpportunityHey guys, I have been trading using Murrey Lines lately since I was introduced to the man that created the theory. It's a very interesting technical concept and I urge more traders to explore the strategy. Here we have a Murrey trade where price has reached the -2/8 line on the Daily chart, as well as the 0/8 (hardest line to break) on the 4H and 1H. I expect an imminent reversal here, and will be watching for green price action today and tomorrow! Stay posted for my trade update as this progresses. I am not taking a position yet, but will update when I do. These trades are my own opinion, you should do your own research to determine whether or not you should take the trade.
Long
by UnknownUnicorn835360
BTC - BITCOIN NOV 22 2017 - TOP? ANOTHER BTC ECHO DIP IN THE MAKING This $8349 number looks like the beginning of a large wave 4 sideways move. If so, expect a $400 - $450 sell off back down to $7750 in the next few hours. If it is just a wave 4 correction, expect near $7750 low to be a great buying opportunity for the final 5th wave to take us back up toward $8750 - $8600. From there I will look for a more meaningful top. Breaks of 7750 would indicate that $8349 was THE top. I don't think that is the case, but keep that in mind. If you choose to go long. Dont stick around on breaks of $7750. Pm me with questions. Thanks and Good luck!
KRAKEN:BTCUSDShort
by Urbanmove