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QI under big resistanceBENQI is under a big resistance zone right now, it acted as support multiple times and high resistance COULD be expected. Broke out from this descending trend line formed 8 days ago, and that is a good sign. Looks like death cross on SRSI and MACD have a chance to print it also. According to indicators it could turn back down and retest of that trend line or support level at 0.0857. If that level is lost, more downside could be expected and we could open a SHORT trade. In the market getting in FOMO right now, I would keep an eye on it or set alarms, it has a chance to shoot up before that full retest... Good luck traders
by PhilosophersStone
PERP descending trianglePERP in descending triangle, now above 200SMA and below 20SMA, also right above the support level. Expecting possible bounce up to open long trade. That position between 200 and 20SMA could be tricky for entry, price often bounces up and down from them before descision. SRSI RSI and MACD on 1hr chart look like it could go up. Could have a nice move, but you should be aware that it has a death cross printed on MACD 12hr chart, so this could be short-term trade or scalp trade only (if long). If this support is lost we could enter a short trade, breaking under 200SMA is usually a nice chance for short trade... GL traders... Needless to say that BTC could have an impact on this trade...
by PhilosophersStone
random analysis on ONT 4h time frame support and resistance lines are shown on the chart . ONT might having a bullish flag pattern on chart which is very rare in mid-cycle bear markets so i can't consider it a valid pattern for now . there are two bullish divergences as you can see blow : RSI bullish divergence MFI bullish divergence indicators and oscillators are giving mixed up signals for example : heikin ashi buy and sell is issuing BUY signal but STOCHASTIC RSI is showing signs of weakness and probable correction
by pmehdipour13
Can Dow Jones bears hold another lower high!?Hey Traders! We hope you all have had a fab weekend, before we begin this post we want to bring you attention to the related posts that can be found below, each of these posts is directed at video education on specific trading topics with each of them being useful to new or experience traders! Moving back to the post about DJ30 / US30: We are clearly in some special times right now because after over a year we finally have some fundamental action that might support a potential bearish trend in the world indices but not only do we have fundamentals, we also have technicals which suggest we have one of the BEST opportunities for shorts in a long time. I'll detail what this 1D chart of the Dow Jones tells us. 1) We have a wedge breakout, a contraction of price which is pushing towards the upside, at its top we have a lower high which was followed by a decent breakout. 2) Our fibs entry process suggests we could prepare ourselves for possible short entries on Monday, Tuesday or maybe even Wednesday, but that should be the threshold for downside 3) a major resistance (marked as "current main resistance") is right between the 30% and 21% of the current swing high to low As traders, and a community, we are more on the "proactive" trading side, where we wait for the right information and react to it accordingly, hence we will wait and zoom in on the hourly and minute charts before we execute our potential shorts which will most likely become compounded swing trades, but until that happens we will be taking buy positions which will be in the form of day trades, but again that highly depends on what we see when the markets open on Monday! What do you guys think will happen with DJ30?
OANDA:US30USDShort
by PrimedGroup
1
0.618 fib (golden pocket) $43,900 - $44,400 (BTC) Hello traders, Just wanted to pop in with a quick update. 0.618 fib is the area of interest for me (golden pocket) which could end up printing a lower high and continue the downtrend (the high being the area we rejected from, which is the retest of the broken uptrend) or stops get front ran causing liquidations it just depends on what whales end up doing. If we do reject and end up printing a lower low and sweeping the lows, 0.382 fib would be my area of interest. Will post updates to this post throughout price action. Please like/comment. 👍
INDEX:BTCUSDLong
by YurloTrades
7