WCEHB: Breakout Downtrend Line plus Gap Up Thanks for following us.
Strategy: BreakoutDowntrend Line and Gap Up
Bias: Bullish . After finding the support at 0.345, price gapped up and breakout the downtrend line today with high volume. If momentum continue we shall see it challenge its previous high resistance at 0.400 soon. If the resistance could breakthrough then we shall see the price at its another high resistance at 0.440.
Resistance: 0.440, after immediate resistance of 0.400
Support: 0.345, after the gap up support area of 0.360-0.370
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Reversalsignal
reversal or downtrend ????In the chart there is a yellow zone. Trend touch that zone several times, and reverse.
Now it's time to follow the trend if it's reverse or go down.
If candle close below the yellow zone, that's the confirmation to go down. Otherwise it will reverse.
Let's watch ,...............
Looking to buy ADA at 0.00000388 BTCBTC getting bullish again. ADA seem to still have some way to fall vs. BTC (when BTC pumps) base on the FUSIONGAPS price momentum and acceleration accelerators.
Looking at both Fib-retrace, trend lines, as well as LVDT (Lividitium) critical levels to select potential entry points and targets.
BTC [i]low volume[/i] breakout. Will it hold?RSI looking bullish in (1D) chart, but bearish at shorter time-scale charts.
Appeared to find support at the 61.8% level of the specific fib-retrace drawn -- where I've used the 6195 USD level as the bottom instead (which was the level that was held in a long painful sideways trend before the massive dump around 14thNov18 all the way down to 3kUSD) and also where the bottom of the long wick on 17thMay19 again very briefly tested before price strongly moved further up.
BTC low volume breakout of resistance trendline. Will it hold?
FUSIONGAPS {FG} and DIFFERENTIAL FUSIONGAPS {DFG} oscillators looking bullish.
There was a 50/15 sma Death Cross on 26Jul. but a reversal (Rev) looks imminent.
i.e. the Low Reversal "LoRev" signals have already been triggered at lower time-frames.
Because of the low volume breakout of the resistance, will not be in a hurry to buy in.
Will instead wait for the "50/15LoRev" to trigger on the (1D) chart in my FUSIONGAPS {FG} oscillator, confirming a significant momentum turnaround; with the price continuing to remain higher than the previous resistance line (and not fall back lower), before making a move.
Just my own personal opinion. Not an investment/trading/financial advice.