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Pivot

XLMUSD (Stellar) 17 February 2021 4Hours TimeframeHi traders and welcome to my channel ... As you can see XLMUSD still in the uptrend channel … for now, I think it’s going to touch 4h support at 0.430159 and then we have continuation of long move to 0.65 but if breaks the static support at 0.430159 it going to retest and drop more to next level of support area at 0.315. Good luck guys and be careful All info can be found in my chart. *Support this idea with a Like or Comments if you find it useful* ... Thank you ________________________________⠀ DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
COINBASE:XLMUSD
by saeedmp
5
Top channel rejection for a sell offPresented on the 1 hr chart we see a potential pivot in play with top resistance rejection. Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play. Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone. Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
2
Established support for a buyWe have found established support with a strong pivot/ Still room for an entry to retest the next resistance with this increased in volume. Our MACD/SIGNAL cross has established clear increase in volume with RSI slowly moving towards the overbought zone. A MACD/SIGNAL cross through 0 line will help increase momentum through resistance levels. Take profit at resistance levels and look for pivots. Stop loss below established support. Please comment with thoughts and ideas. Thank you.
Long
by Pika7993
Key resistance retest forecastPresented is the 4 hr chart. I mapped out the first key resistance with the previous resistance breach (which now is an established support). MACD/SIGNAL made a cross while above 0 line. RSI is breaching overbought zone. Current RSI pattern tells us a pivot is near however we have not seen these levels for a bit so a change in pattern (breaching further into overbought zone) may be in play. I will pay close attention to RSI play out to determine my pivot point. Stopmloss below new support and take profits as presented on chart while watching for a pivot. Please comment with thoughts and ideas. Thank you.
Long
by Pika7993
1
Directional analysisPresented is a brief directional analysis using the 1 hr chart. The trend continued its sell off to start the week following last weeks close. For continuation sentiment I analyze the day chart. Here I see a retest of the next support (very near). This is a great opportunity for buyers to be patient for a potential pivot. Strong sentiment would lean towards sell continuation if we see a clear breach through support on the day chart with no rejection. If the above scenario plays out expect sellers to load increase sell off to the next Key support at .82900 (presented on chart). I will be watching the MACD/SIGNAL closely for a diversion (which would tell us too lean towards a support breach) or a full signal cross (which would tell us to lean towards a pivot reversal). RSI will continue to zig-zag swim ( I call dolphin swimming through the waves) along the bottom of the oversold zone until MACD/SIGNAL plays out its role. I will publish a trade analysis based off a breach or pivot of the looming support. Please comment with thoughts and ideas. Thank you.
by Pika7993
Technical buy analysis off wick supportCurrently we are seeing some wick support at 1.53700 with pivots. I sentiment a pivot in play here pending technical indicators play out. MACD seems to be completing its sell off as it is rounding out of bin territory and setting for a snipe cross through SIGNAL followed by an immediate cross through the 0 line. This surely would pivot RSI out the oversold zone to start the trek back towards overbought. Take profit at top resistance however be mindful the take profit might be a wick touch only to retrace back to the trends pivot zone (which I mapped out on this 1 hr chart). Stop loss of course would be a breach below this support hold with continuation. Please comment with thoughts and ideas. Thank you.
Long
by Pika7993
4hr Chart technical buy analysisPresented is a technical analysis on the 4hr chart. As we can observe there is huge buyer volume following a MACD/Signal cross. Further more a 0 line cross will spike further momentum. I boxed a pivot zone area as you can correlate previous pivots at the expressed level. pay attention to the 1 hr chart to determine if a pivot in trend is in play or a pivot multiple bar retrace to continue bull trend. RSI is currently slanting further towards the overbought zone, a typical indication of buyers in control. Take profit as mapped on chart and stop loss below a break of the current support hold. Please comment with thoughts and ideas. Thank you.
Long
by Pika7993
Technical sell analysisPresented is a 1hr chart sell analysis. We can see rejection around 118.000. We may see a slight pivot to make a complete retest of 118.000 before the drop. I sentiment an incoming sell off if MACD/SIGNAL make a full cross through the 0 line. While this is happening we can see RSI forming a lower low breaking support in a slant pattern heading for the oversold zone. I have 3 TP targets as mapped on the chart. These targets also serve as potential pivots. Do not jump the gun and close out unless there are pivots the\at breach key resistance. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
1
Sell off top channel resistanceThis is a 1 hr chart technical analysis. We are finding continued rejections around 127.100 following previous trend patterns off support/resistance pivots. Currently RSI is forming lower lows while price is within higher high range. This correlating with a MACD/SIGNAL cross down through 0 line to retest our key supports of 126.700 and 126.500 (which are our TP targets). Stop loss is place above top resistance with a breach and continuation. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
3
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NASDAQ:TLRYLong
by BADQOMOCAWGOWLD
1
BTC bitcoin. Help for hodlers moonboys & doomboysIts called a range. If you wanna trade a breakout move you have to wait it out or find a way to profit off a range. These are camarilla pivots. your range is clearly show and your targets. How to use this info? If you want to long or short a range reversal at H/L3 target the 3 on other side and beyond. stoploss at the H/L4 just above or below your entry on rejection or loss of the 3. If you wanna play a range break with a confirmation. wait for H/L4 to be broke on preferably a 3hour or more unless volume is nice. target is H/L 5-6 with your stoploss at the H/L3 on the side you took your trade in. Good luck. Nothing confirmed until this step first taken. Enjoy.
by Gunslinger2005
1