Resistanceandsupport
Ethereum it's going or the next inminent movement soon!!! We have that in Daily chart a bearish rising wedge, but if I going to lookin in H8, I have a good confirmation to entry in sell.
This it's my Daily chart and this it's my plan if I see any bought in these important zones
Now, looking in the H8 chart, we see that Ethereum it's formed a bearish rising wedge and I see a nice short signal from that I leave a message that I entry in this bearish candlestic, that mean the past 16 hours around of $1,346 dollars.
Now, also noticed that we formed a rejection in this big resitance at $1,400 dollars, I see that Ethereum it's in the next corretion to the down movement toward the $1,070 dollars, this it's my target profit, and my SL I put around of $1,500 dollars. Also, I see that Ethereum it's can to formed a possible double top if we break down this line that formed the bearish rising wedge.
I add my currently analysis of Daily timeframe in Ethereum if you're intersting too.
And the MACD it's another extra confirmation that Ethereum it's make higher low in this indicator. That show that bear are make dominant this.
GBPUSD 16th Dec As you can see, the GBPUSD makes triple top ( resistance 1.3513 ) from 13th Dec 2019 to now. Also, I see important support in 1.3195 point. At this moment, price accumulates between the resistance and the support.
In my opinion, it seems that the price will consolidate above 1.3500 and it is highly possible that the currency pair break 1.3513 and move toward higher levels ( 1.3816 and 1.4338 )
Alternative scenario: the price would go down 1.2800 area.
EURUSD 720 16th DecAccording to previous analysis ( link to related idea), it is valid yet.
At this moment, the EUR touch 1.2213 resistance and the price stops below it. Also , we must pay attention to the last days of the year. Finally, the currency pair will break resistance 1.2213 and the EUR rally will continue towards the resistance levels ( 1.2400 and 1.2500).
USDCHFPrice has been ranging between support and resistance levels since the end of July.
Recently, price broke through resistance on the 22nd of September. As price has now reverted back down to a level of previous resistance, we could see price reject at this level and at the 200 day EMA to create bullish momentum and move upwards. If there is confirmation of bullish rejection at this level (closed 4H bullish candle), I will take a long position.
However, before price entered this consolidation zone between support and resistance, the USD was significantly weak. Therefore, we could also see price break the resistance level and the 200 day EMA to create a bearish momentum which will likely continue down to support and possibly breaking the support level too. In this scenario, I will look for a break of the resistance and 200 day EMA before placing my short order.
Support and Resistance Levels with auto Fibonacci Setup TutorialIdentify horizontal support and resistance lines using your choice of 6 methods.
Available options
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8 lines due to pine limitations. I can post separate scripts for each method that allow more depending on user feedback)
Use Custom Time Frame? (M1, M6, M5 only work if viewing lower TF): Set a custom timeframe in minutes, then 1D for daily, 3D for 3 daily etc.
Calculation offset: How many of the most recent bars to ignore in the calculations.
Update Frequency: How many bars to wait until updating the lines since the last update.
Things to tweak.
I still need to test the methods, depending on that and feedback I can post separate scripts for each method that allow more depending lines or scrap some.
I'll tweak the parameters for using linebreaks to scrap them. Currently required a three close through it (so two in one direction and one in the other).
Fibs don't work on the static timeframe as I've reached certain restriction in the coding system.
Link to Indicator
Below are some examples using the default settings (which I have not optimized as of yet)
Method 1
Method 2
Method 3
Method 4
Method 5
Method 6
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ADXBTCWe expect a bounce from Right Shoulder right to the the upper edge of triangle and resistance level of 0.5 Fib around 15000, testing this patterns for a breakdown. In case of success consolidation above 0.5 Fib the price will continue to grow.
ADX is waiting for relizing platform, but exact date is unknown. But, if the release date is transferred, we can expect a stop-loss.
Good long term investment. Signal for this coin with accurate in the Premium Telegram channel.