Support & resistance is really something that works in all financial markets, it's worth studying how to determine the proper way to finding and drawing it to be able to find the best trades possible available in any given time. I use support & Resistance to find direction, (you can find it on any time frame), The way this works is you connect highs and lows, as...
Hey tradomaniacs, welcome to another free signal! Important: Wait for the break above the marked up resistance and place a Buy-Stop or Buy-Limit! ----------------------------- Type: Day-Swingtrade Buy: 1288,39 Stop-Loss: 1283,20 Target 1: 1293,29 Target 2: 1295,55 Target 3: 1300 ----------------------------- LEAVE A LIKE AND A COMMENT - I...
One of the new coins on Binance, faced a correction wave after listing. You can see a corrective pullback on the chart, however the coin has consolidated and now it touched mentioned on the chart support again. There is a great potential to move higher, and the price range provides a good entry opportunity.
As you can see in the QQQ weekly chart above, QQQ has closed back into the 160 level. This is a bullish sign and I expect the index to move higher next week. A weekly close below 160 would signal a lot of downside, like a retest of the February low to 150 at least. I suggest staying long, but using put options to hedge downside risk. As long as there is no bad...
BTCUSD is currently in a decisive moment. RSI is pointing bullish tendencies, since we can perceive higher lows. The price action is looking like a bearishflag and the momentum for BTCUSD isn't good since traders are suffering from FUD yet, since last dips. In the short term we can watch another low reaching U$ 8500 and testing this support. In medium/long term,...
About a week or so ago, I published an idea about GILD hitting some serious support levels going back to mid to late 2014 - 2015. What I thought back then was that if GILD were able to hold on to that support level, even bounce around it without falling below it, I would enter a position in my paper account at that support level, and place my stop below the...