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Dropbox gained a major multi year resistance zone!The higher low in november 2020 showed a break in market structure from a long downtrend since mid 2018. A higher high followed in december 2020 which was the first confirmation for a trend reversal. The next higher high en higher low fully comfirmed an up trend, which is still going strong and recently gained a multi year weekly resistance zone , which is a very probable new support zone to retrace to for the next higher low, and also a point of possible entry between 26 and 27 $. When the weekly supply zone around 31.3 and 32.3 $ is flipped the ATH will probably be challanged The analysis above is not financial advice by any means, it's purpose is merely providing educational value tho those who are interested in learing about technical analysis
NASDAQ:DBXLong
by Stefan-Trading
1
BTC Looking for another re-test of that 40k Zone??Morning crew! BTC doing what we expected from this weeks update after just front running that demand zone. We knew there was liquidity at this level and the buy up has a little more promising...HOWEVER We're still in a descending structure and until we make a HH above that 40 zone, we'll play the range. Looking at our 4hr indicators we have some room to move, so some upside potential is looking on the cards. As we approach 40k and if we break this descending structure, I would be VERY cautious above opening any longs at that area until we get confirmation of a range breakout. Some super bullish fundamental news for BTC this week, so the catalyst is certainly there for a move up!
BITSTAMP:BTCUSDLong
by Unity-Trading-Group
USDMXN | SHORT-Values- Entry Range: 19.93293 - 19.97017 Average Entry: 19.95845 (RRR: 1.86) Stop Loss: 20.00931 Profit Target: 19.86254 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid. Example: Trade Idea: Valid and Invalid Entry:
Short
by Event0011
NZDUSD | SHORT-Values- Entry Range: 0.72242 - 072454 Average Entry: 0.72385 (RRR: 1.85) Stop Loss: 0.72678 Profit Target: 0.71840 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. (The "Average Entry" you see in my ideas are always 1.8 - 2.) 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid. Example: Trade Idea: Valid and Invalid Entry:
Short
by Event0011
5
If we fall below the 200dThe 200day simple moving average has proven to be a leading indicator above all else for Bitcoin's bull cycles. Pay attention to previous activity over 6 years and observe price correlation around this simple moving average. The reason price respected and stayed above the 200day SMA is unknown, but as a imperialist, I must honour it. Another indicator to note is when Bitcoin retraced enough to test the 200d SMA (and stay above it), the daily RSI was right around this level we see now ~ 28-31. Thus, the suggestion could be made using previous data that a low risk entry on BTC could be taken at this time. I will be doing some modelling in Excel to show the exact correlation over the years between price action at the 200d SMA and price.
COINBASE:BTCUSDLong
by massimoanile
COMP/USDT ANALYSIS, LOOKS WEAK, POTENTIAL SHORTNow we analyze COMP/USDT. We see here the major bearish divergence which signals a downward movement. If this downward movement takes places which looks very likely, we can see a move to support at $608, if we can breach $740 and keep 4HR candle above it then we can see possible move upwards, I am not taking position here but best bet is a short to $608, take profit at $640 to protect funds and always use proper SL, here are the important levels, also lots of selling on MAC so watch that as well. Support: Local $706/$608 Resistance: Local $859/$909 Always use SL to protect funds, use 3% or your best judgement.
Short
by jcrozb
1
BCH/USDT ANALYSISBCH/USDT seen here on Bittrex touching our support line of $1181 so now we can see a sideways movement or a pivot to upside or downside. We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry We also see a local resistance at $1319 that is not marked by FIB levels. Support: $1181/$1040 Resistance: $1319/$1382/$1638 As always use 3% SL or SL at your discretion to protect your funds
by jcrozb
ETH/USDT ANALYSISETH appears to be weak right along with BTC, ETH had strong run that did not match BTC recently, we have some increasing selling pressure and a gapped MACD, however we have ETH bouncing off that local trend line support, if 4HR candle closes above $3765 we can expect some more upward movement but if candle close below the trendline we can see downward movement to $3291, so we will not enter trade here and we will wait for confirmations. Always wait for confirmations. Resistance: trendline $3677/$3765/$4161/$4368 Support: $3291/$2958 Hope you enjoy my analysis and hard work
by jcrozb
ETH USD PLease Hold your Longs!Hi All Since these are my first few posts on Trading view so If could could kindly give me a link and feedback if you like and agree, and if not please still comment, share and help support much appreciated ! So today ETH has reached another ATH against USD with high being at $3619 which is incredible bullish gains for ETH and means ETH will continue to the Estimated $7000 in 2021. Amazing for ETH as predicted alreading in 2019 and but I know you may not like to read this idea, BUT I notice on todays chart that there is a Bearish divergence arising on the 1hr chart. This can be seen from the resistance and support levels on RSI indicators and can be seen on the Uptrend analysis on the charts. On the charts I have included these lines to show, We can also see that today ETH had a very long bearish red candle which we shorted all the way down to the EMA line at 4020. It did not go lower than the EMA, FOR NOW! So with with this bullish divergence new, it could mean that we see a regression down to the bearish divergence which I have measured is at 2800 .... AND if we break this, then we could try to break ETH's support which is at 2500...If ETH breaks this support line, signals a Bearish market... Also on the 1D daily chart we have a Red very Bearish candle forming, which has a few days to run down to the EMA level and lower.... Sorry to inform! Be prepared for a correction or perhaps a bearish trend down to at least 2500, However if ETH does not break below the EMA at 4200 when we see another red bearish candle, than expect that ETH could potentially continue up higher, Im bullish on ETH reaching ATH at $2700 right now in the few hours.... Have a great day
EShort
by marlenri