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Srflip

ALGOUSDT | Massive Volume | S/R Flip |Trade SetupAfternoon traders, Todays analysis - ALGOUSD – Trading above the structural support zone projecting a healthy inclining trend Points to consider: - S/R flip retest must hold - High overall volume - Declining immediate volume - RSI trading above 50 putting in lower highs - Fibonacci and structural resistance technical targets ALGOUSD recent S/R flip must respect local trend and consolidate above the structural support zone for a bullish continuation. Overall trading volume has increased drastically adding legitimately in the price action, however, a decline of immediate volume is indicative of an influx being imminent. RSI trading above 50 with a healthy higher low projection showing strength in the market. Overall, in my opinion, ALGOUSDT needs to consolidate above the support zone and respect the local trend for a valid long trade to technical targets.
Long
by Kudiiee
TLRAY INC |Bull Flag | S/R Flip | Clean Trade Setup Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support. Points to consider: - Structural support retest (S/R Flip confirmation) - Bull-flag formation - Below average volume - RSI trading above 50 TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural resistance. Volume nodes are below average, bulls need to see an influx out of the probable bull flag formation to support the bullish bias RSI is above 50, showing reasonable strength in the current market Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the bull flag (aggressive entry) as both technical targets align with structural resistance. “When you smoke herb, it reveals you to yourself.” – Bob Marley
NASDAQ:TLRYLong
by Kudiiee
AIONBTC | Trend Change | S/R Flip Re-test | Trade SetupToday’s Chart – AIONBTC – Showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider: - S/R flip at structural level - Volume steadily declining - Increased bull volume nodes - Square-up at .5 Fibonacci resistance - RSI bearish divergence Currently trading above structural support, consolidating above this level further solidifying the S/R flip. Increase in bull volume nodes is a healthy sign for the trend change and the evident decline in overall volume is an indication of an influx being imminent AION’S technical target of .5 Fibonacci retracement is also in convergence with a square-up from a recent impulse move The RSI has a valid bearish divergence, a sign that the local trend is weak and a retrace to structural support is likely with a probable confluence by the 100 EMA Overall, in my opinion, a retrace to structural support validates a long trade to .5 Fibonacci resistance with defined risk below structural support.
ALong
by Kudiiee
2
CRLBF S/R Flip|Structural Support|Trend Change|Bull Volume NodesEvening Traders, Today’s Analysis – CRLBF – showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider, - S/R Flip at structural level - Structural resistance (Immediate target) - RSI Cooling off - Stochastic in upper regions - 21 Moving Average (Visual guide) - Increasing bull volume nodes The trend change on CRLBF has been confirmed with establishing its first higher low. Now trading above structural support, consolidation above this level will further solidify the S/R flip. The 21 Moving Average can be utilized as a visual guide as CRLBF has been respecting it in the immediate up trend. Current increasing bull volume nodes is a healthy sign for the trend change, must sustain with establishing another higher low. The RSI is cooling off from oversold conditions, a retracement to the 50 level is probable if price starts to consolidate above support. Stochastics on the other hand is in the upper regions, can remain trading here for an extended period of time with stored momentum. Overall, in my opinion, CRLBF is in the midst of a trend change. Holding structural support is critical for a new higher low. A long trade is valid with defined risk below structural support. What are your thoughts? Please leave a like and comment, And remember, “A probabilistic mind-set pertaining to trading consists of five fundamental truths. 1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique.” ― Mark Douglas
OTC:CRLBFLong
by AzizKhanZamani
9
VETUSDT Recovering From All-Time Low [BULLISH SCENARIO]Vet has struggled massively over the last few weeks. The general cash pull-out based on COVID-19 caused the price to drop to unseen lows. After the overall markets and BTC have recovered temporarily, I foresee a bullish scenario here on the 60m for VET based on technicals. There have been two import horizontal areas here, for which both have S/R flips. The current horizontal resistance is important for VETUSDT. It seems that the bulls are attempting to break through this horizontal resistance, and I expect that after a small retracement the price will continue in an upwards trend. The old zone of resistance will act as a logical spot of support, which will push the price up from its all-time low. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Long
by Trading-Guru
4
BEAT- BEAST is about to be unleashed...Positional/swing tradeBEAT is your prototypical aggressive growth stock- Strong future growth potential with good earning and revenue track record ... If you can overlook its debt level. This beast was tamed for a while after its share price skyrocketed from $25 to almost $80 , but it is ready to unleash its fury again. But first, I think the pullback is in the store facing key resistance lvl in confluence with ichi and BB on the weekly timeframe. In addition, short % of float is around 10%. However, it is a bullish sign when price hovers below the key resistance lvl rather than experiencing outright price rejection. My buy zone is between $45 to $55 for the positional trade. The long term trendline and S/R flip below this price range will act as a strong support. Click the like button and follow me if you like my analysis :D
NASDAQ:BEAT
by Libratus
Best trading strategy for beginner!Basic charting skills for novice traders Understanding Support and Resistance levels are a fundamental part of learning how to chart and trade. It's the most basis concept but plays a tremendous role in technical analysis. When one has a good understanding of support and resistance levels, he/she can start trading S/R flips. Which is a relatively easy trading strategy. A S/R flip is when a Support level turns into a Resistance level and vice versa. The first step is to learn how to identify key support and resitance levels. You'll get a hang of this fairly quick by practicing on Daily, 4H and hourly charts. I would advice to stay away from lower timeframes in the beginning, due to the fact that it can be a little more tricky to identify clear levels there. Once you get a hang of identifying support and resistance levels, try practicing with the trading strategy of trading S/R flips. Select a chart, identify the relevant support and resistances that are close to the current price level and mark them with horizontal rays. (I have done this with the LTC/EUR chart for this idea). For a select period (depending on which timeframe you selected; 1D, 4H, 1H), try monitoring the way the price reacts to the levels which you have drawn. You might notice a certain patterns of the price breaking levels, and then re-testing them. This is called an S/R flip. It shows that the previous resistance (which has been keeping the price from going up), has now turned into support (keeping the price from going down). The same may apply for support levels turning into resistances. How does one trade S/R flips? In a bull market, traders can wait for price action to break through a previous resistance level. If the price manages to break through the resistance and close above it, that indicates that the resistance has been broken and now functions as support. Traders can enter a trade from the moment the candle closes above the resistance level, OR play it more safely and wait to enter on the retest of the broken resistance. The trade is invalidated when there is a failed retest attempt where the price falls through the level. However, do note that prices can always "wick" through a level, without actually closing below it (which is a clear sign to get out). In a bear market, traders basically trade the same way only in a different direction. Traders will wait for the price to fall through a support level and open a short when the candle closes below the support lvel OR wait for the price to retest the broken support level. Off course, the information provided here is a bit short-sighted. It is definitely as "black and white" as i have described it here. There are other things to consider, like volume in-or decreases. Or larger chart patterns which are directing the price action. However, the tutorial provided here should help you get well on your way! Please note i am doing this for educational pruposes and am still learning myself! I am not a professional trader or financial adviser.
Education
by Buta-yarou
AGIBTC Bottomed out | Falling wedge extremely Bullishcheck daily chart below AGIBTC is now at very important point from here it can go up so The black line you see in chart is the horizontal breakout line so where we are right now -> we are above this line and 1 hour forms a bullish wedge so taking support on the line and if bounced it can go higher see 1 day chart see 4 hour chart bounce expected from here it can pump very high don't miss this coin just because it's on support ( dead cat bounce doesn't matter but this can pump from here Buy : 240 - 250 stop loss : 5% target : 5 to 40%
ALong
by iamcryptoman
POLY consolidating on top of prior resistance, might continue upPOLY/BTC is currently consolidating on a prior resistance zone around 2850-2900, and this level has been a pretty important pivot point in the past. If we can continue to hold this level as support, then POLY might look to move up to higher levels. Beware of Bitcoin though as it may be making a decisive move sooner rather than later. This is a high risk trade, so be cautious. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :) Entry: 2850-2950 (Might need to wait for a pull-back.) Target 1: 3250 Target 2: 3550 Target 3: 3900 Target 4: 4400 SL: 2800-2825 (Beware of wicks.) Robinhood crypto article: support.robinhood.com -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
PLong
by Deftsuo
BTC/USD H4/D1 charts (1/31/2019)Good morning, traders. Yesterday, I advised our Discord members that I didn't like how price action and volume were acting around the $3450 range and was looking for price to target the $3400 level. Price made one more attempt after I stated that to rise higher, but then printed a bearish SFP and found support around $3400 which is the H4 S1 pivot. The move down to that level aligns with yesterday morning's update which stated we would likely see a pullback toward $3410/20. Bitcoin price appears to be printing a very nice TR between $3370 and $3440. Currently, price is sitting just below the 15 minute pivot. If it cannot manage to close above that pivot and target the top of the TR from here, then I will be looking for it to make a push toward the bottom of the TR before doing so. H1 RSI is sitting at 41.5 and hasn't touched oversold yet, suggesting the latter scenario is likely. H4 RSI is still low, currently at 41, and continues to have room to run, suggesting that the current move upward has a good chance to target the H4 pivot at $3530 which then puts price into our blue target box. I am still watching the yellow zone to provide support if price can close above it. This would likely open up a bullish movement above the orange resistance which should then see price targeting the R3 pivot/yellow descending resistance around $3900/$4000. None of this is to say that price will be heading to a new ATH from here, only that if price moves in that manner then that is what we should expect. The yellow resistance is significant so we should generally expect to be rejected at that point since the trend has been corrective for over a year now. By that same token, a close above it should signal more bullish strength and general targets of $4400, 4800, and possibly $5400/$5600. As always, each successive target requires monitoring of price action and volume as it reaches the previous target. At any of those points, we can see price get rejected. Everyone on cryptotwitter and their grandmother is now calling for a possible Adam and Eve double bottom to play out as price continues to drift lower. This is a possibility that I discussed when price first reached the $3100 level. We do have H4 demand around $3240, but in order for price to retain the orange wedge, while targeting that demand, we would need to see price continuing to drift down for another week or so. Any faster than that runs the risk of dropping through the bottom of the pattern. Until that happens, I will continue to monitor the H4 RSI and watch for a push through the noted resistance. Overall, volume has continued to drop and because it's doing so in relation to the movement down since the bullish run up in mid-December, I'm more inclined to believe that it is the result of demand overcoming supply in this area (i.e. still correcting the impulsive December run up). Again, this doesn't mean that I am saying we will go straight up from here, only that at this time we may see a reversal toward the $4400 area before heading back down toward $3000 once more. The positive side of this, for those who want to see accumulation occurring, and ignore the idea of price reaching sub-$2000, is that it would mean we are currently near completion of the ST in Phase A, and if Bitcoin is creating that large TR then that signals stability in the market and alt coins should continue to provide opportunities to profit. But until we see a higher high, above the $4236 swing high from around Christmas, traders should remain suspect of accumulation. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks