Get started

Resistant

Technical Analysis. HOW to identify trend,support and resistanceTechnical analysis Technical analysis is a way to predict the future price movement according to the price chart. The price takes everything into account - this is the main idea of technical analysis. This idea means that we only need to see the price chart to find out where it will go in the future. The main tools of technical analysis are trend lines, support and resistance lines. So how do you find them on the chart? Downtrend and Uptrend. The price is always in motion and when the price shows each new high below the previous one and each new low below the previous one - we say that there is a downtrend now and to make it clearly visible, analysts connect the highs and lows with lines - this is how the downtrend lines are drawn. To identify an uptrend, the same idea is used, only in a different direction - every time the price forms new highs above the previous ones and new lows above the previous ones, we say that there is an uptrend now. Support and resistance Combining the highs and lows, technical analysts noticed that the price is facing resistance on the one hand and support on the other. These zones prevent the price from going higher or lower, depending on the trend. It is very important to see these zones, because, as a rule, trade is conducted from them. Also, there are frequent moments when support, after its penetration, becomes resistance. Remember It is important to remember that the trend, resistance and support lines are just zones and the price sometimes goes beyond the lines, but then comes back. The price will make false breakouts of resistance or support from time to time. This is normal and it should always be remembered. It is important that the price rebounds from these zones at least twice, so that there are reasons to draw lines and identify the trend. Profitable Result Thanks to these simple methods of technical analysis, a trader can easily determine the trend and avoid stupid money losses, the method will also help in the correct setting of stop orders, which will make your trading more accurate and more profitable. Trend is your friend, be able to find it.
TVC:DXYEducation
by tima_tip
NEOUSD Is Looking For Lower Support LevelsHello traders and investors! Today we will talk about cryptocurrencies, specifically NEOUSD, its price action from technical standpoint and wave strcuture from Elliott Wave theory. Well, we all know the king BTCUSD is in a massive rally, but this si mainly because of BTC.Dominance, while other weaker ALTcoins remains slow, sideways and under bearish pressure. When BTCUSD drops into a higher degree correction, ALTcoins will probably face another bigger sell-off. One of those weak ALTcoins is definitely NEOUSD, which we see it trading in a deeper, higher degree a-b-c corrective decline. Current slow price action and corrective wave structure looks like a consolidation as part of a bearish running triangle formation in wave "b" before we may see another drop into wave "c" down to 9.0 - 6.0 support zone. The main reason is definitely NEOUSD Longs/Shorts ratio chart, which is still trading at the upper side of a range, at the resistance zone. It means that there are a lot more long orders opened than short orders and that's why bulls might not be ready yet. As you know, usually the opposite happens. So for a bullish view, we need to see that ratio back to the lower side, at the supportive zone, so ideal buy opportunity would be definitely at lower prices. Be humble and trade smart! If you like what we do, then please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITFINEX:NEOUSDLONGS
by ew-forecast
6
GOLD making a retest before it goes up to the all time highWe are on the right direction and our first chart on GOLD is doing the move as expected. I have modified this chart to make it even more better by obeying the DAY chart resistant level. We managed to hit our TP1 before the market has closed on the Friday! There is a good flag pattern visible which indicate it can go up to the last high very easily. Also you can have a look around my early prediction on GOLD. These are just my predictions and not a trading advice. Do proper risk management and make your way up! My level of knowledge in trading is very basic and I am open for any suggestions or opinions you guys have!
FX:XAUUSDLong
by sabithpkcmnr
EUR-USDEUR/USD has broken out of the range that is used to trade in it since March. It looks like its finding acceptance above the previous resistance zone (1.09 ish). which provides us a good risk to reward trade setup. a pullback to the support level can be a good long trade to the next resistant zone around (1.1 ish) you can manage your risk an average true range below the support level (40-50 pips below the support) and take profit at the equilibrium of the range (mid-range around 1.105) and take the rest of the trade off at the next resistant zone (1.11). It can provide a 1/3 risk to reward ratio.
Long
by Trader_Shayan
2
XLM analysis It has been moving down since it attempted to test the 4980 satoshis level after moving above the 4033 satoshis level, then it started to loose its momentum and corrected to the current levels. It has been testing the 2130 satoshis level and it successfully tested it and now it looking to break the descending wedge and looking at the 2583 satoshis level. If might look forward to the next monthly resistance and it might start a new move if it makes it above 2795 satoshis level.
Long
by raserrano
Good time to enter the marketIf at the beginning of the month the community of investors in crypto-currencies received a message from the authorities of some states about intentions to tightly regulate the scope of the crypto-currency, then towards the end of the month the events began to unfold more positively. - The recent meeting in the US Senate on crypto-currencies gave investors a reason to view the further development of events in a positive way, as it was more in the form of discussion of the issues on the crypto-currency market in general and what risks there are in investing. -At the roundtable with representatives of the EU authorities and shareholders of private companies, the vice-president of the EU Commission Valdis Dombrovskis told the press about serious prospects for financial markets and the need not to impede the development of technology blockades. - The Swiss Financial Markets Regulator (FINMA) published recommendations for ICO in which they disclosed the plans for applying legislation to tokens and how the organizers of ICO can receive feedback from the regulator. - The new head of the Central Bank of Taiwan, Young Chin-Long, made a statement that the Central Bank will carefully study the possibilities of blocking technologies to improve the existing infrastructure. All these events increase the likelihood that the meeting of the G20 on the topic of crypto-currency can take place in a positive manner for the crypto-currency market and at the meeting, there will be discussed more opportunities for the development of the sphere as a whole than options and tools for its prohibition and restrictions. The main coin of the market is cryptocurrency and concurrently the index on which it is customary to determine the mood of bidders - bitcoin, is trading above a strong psychological level of 10,000.00 which recently stopped the price from falling and became a strong price support level. This formation is considered by us as a serious reason to predict positive moods in the market and expect that the downward trend will be broken in the near future. It is worth noting that the markets are cyclical and if you analyze the results of trades on bitcoin over the past three years, then there is a certain pattern that can tell investors time to enter the market. In 2015, bitcoin after a decline from the beginning of the year in February (from 322.3 to 182.0) formed a strong support level at 215.00 which during the year was repeatedly tested at the price, but was not passed. As a result, for the year, bitcoin closed at 429.00 with an increase from the designated level of 99.5%. In 2016, bitcoin repeated the scenario and also after correction at the beginning of the year (from 458.8 to 359.2), the price was found at the beginning of February already at $ 370. During the year, bitcoin from this level increased by 169% to 996, 6. In 2017, the same situation: bitcoin from the beginning of the year is markedly adjusted (from 1139.6 to 779.5) and further on the results of trades for February new support is formed on a strong psychological level of 1000.00 and the year is closed by the growth of 1276.9% at the level 13769.0. Despite the rapid price jumps, now we can observe a similar formation. Bitcoin started the year with a decline (from 13769.0 to 6000.0), after having played a part of this drop and now trades above 10,000.0. This corrective growth continued just up to the upper boundary of the downward channel in which the price moved since December of last year. As a result, on the one hand, the price has support from the lower boundary of the long-term trend and support for a strong psychological level, with a pattern that has not been repeated once. On the other hand, the price tests the upper limit of the downlink. In sum, these facts give a high probability that the downward trend may be over, and the statements of high-ranking officials of states to promote the development of blockchain will signal the bidders to invest in promising and promising
BITFINEX:BTCUSDLong
by Pricemann