Change in market structure 61.8 fib held Waiting for a break and retest of the current 4H resistance level for long opportunities to the daily resistance I would look to take 25% of my position off at TP's 1 and 2, with the last 50% at final TP. I'd expect this move to take from 2-5 days depending on how BTC is moving, but ENJ is known to pump quite quickly...
Ethereum Classic / BTC 240 Binance ETC testing the bottom of the current range, while respecting the short term down trend. As price gets squeezed here I will be watching for a potential long opportunity if we break trend and create a higher low on the retest. (If price breaks to the down side there will be no trade) Will be watching for 2 things on the break,...
I will enter this trade if price breaks out of this descending triangle with strong bullish candles (bullish engulfing, bull hammer) or if it breaks out and has a small retrace for confirmation. My first profit target is at 38.2%, then at 23.6% (resistance at both these levels). This may take a day or 2 to present a good entry, then 5-6 days to hit my first target.
- Broke first trend line. Now in descending wedge pattern. Candle closed below support at 61.8% FIBS level, current candle pulled back but hasn't closed yet. - If 61.8% support does not hold, the descending wedge will continue to 78.6% FIBS support (first red circle). This area will see price action (break up or down) from descending wedge. Area also coincides...
Link has respected the daily uptrend, broke through the downtrend with a bullish engulfing. Large target given the volatility of btc lately. Deemed a higher risk trade so only 0.5% of acc risk. I Will have a trailing stop set up after each Take profit hit. Last TP make also be set as a trailing TP depending how trade goes
Long trade within the trend, based on my previous TA about the cup and handle, Going with the philosophy "its right until its not" Hit the previous demand block and also stayed above daily support, long to upper trend line with TP's along the way.
LinkUSD pair has formed a tripple top, with multiple points of support and resistance converging. Should there be a break in the swing low, significant downside might be expected.
Looking for entries once we break out of this resistance zone and get another touch on the trend line to confirm it is valid We have broken out of a downtrend and we are forming new market structure Broke out of descending channel and tested as support 10MA held as support and 50MA just crossed above the 200 I would be looking to take profit at the 3 marked...
Ascending triangle into this resistance zone. If we have some solid bullish candles closing above this zone, look to enter long (if the triangle breaks, start looking for potential shorts instead). Stop loss should be below the zone in case we have a little pullback/wicks to the downside. First take profit is at daily resistance (2460), then next target is...
weekly & daily up trend strong resistance at entry = breakout just above wicks target = 001426 stop loss = unsure where stop loss should be. Question; Where should stop loss be?
Entry: Would of entered on the 61.8 Exit: Start to see solid closes below the 61.8 fib level and i would exit Timing: Expecting a couple of weeks for this to play out
Using Support and resistance, MACD and EMA set to 40 to confirm my trade idea. TP is based on previous equilibrium Based on historical data I suspect the trade to take around 30 days to play out
MATIC has commenced EW and now looking to retrace to 4 prior to moving to 5. Looking for scaled entries around the 0.5 and 0.618 on fibs from the retrace. Looking for a conservative exit point for the first 2 positions and then hope to let the final position ride to see how far it goes and controlled by a stop loss. MATIC has conformed well to EW previously.