Trend-analysis
Finally it breaks a Strong Resistance_Get ReadyFinally it breaks a Strong Resistance_Get Ready
after a long time ADX breaks out of a strong resistance
'wait for the pullback and a confirmation and then and afrer that you should see a reversal pattern like
engulfing and you can enter the trade in that position
Keep An Eye on this coin_Getting close to buy ZoneKeep An Eye on this coin_Getting close to buy Zone
Go Long _ More Than 40% Profitbuynow POLYBTC for more than 40% profit
Go Long _ More Than 40% Profit
EURNZD: Valid Reversal TradeHey everyone,
we are back from a short break and starting 2019 with a trade we are in since today on the EURNZD pair. According to our analysis price formed a bottom with a divergence on the low. In this downtrend price did create a trend line which was broken with the first up move from the low. From this point price started to reverse right back to the high of the bottom. This is exactly where we entered a buy as price rejected from this area. Another confirmation is the 0.5 fib level, which was tested there. Lets see how high price takes us... Updates are in the section below.
Really all depends on BTC, doesn't it.So basically, we have a few scenarios. Mainly, watch BTC closely for a while. Everything is really based on the price of Bitcoin still. Infuriating. Anyways, Neo seems poised for greatness, however, there are a few larger channels we have been a part of much earlier. Blue is up - confirmed trends/channels. Orange is down - confirmed trends/channels. White is the general channel we have been stuck in for some time now. Price is likely to remain well within those ranges.
The current uptrend is pretty fun, but I'm not sure it will last. Price convergence on the channel intersections seems to play a role.
Not advice. Just a lonesome Crypt-Keeper.
Don't bet on me.
ADAUSD - Bullish
Resistance levels: $0.080, $0.090, $0.100
Support levels: $0.030, $0.020, $0.010
The price of Cardano is now in a bullish trend; as the crypto's price broke the 12-day EMA and the 26-day EMA. Yesterday, December 19, the price of Cardano made a pullback after it was resisted at the $0.035 price level. The crypto's price is expected at the $0.045 price level but it may face resistance at the $0.040 and $0.044 price levels.
If the price fails to break the resistance level at $0.040, the crypto will find support at the $0.030 price level. However, if the bears break the $0.030 price level, the crypto will resume its downtrend. The Stochastic indicator is out of the oversold region and it is approaching the range above 40%. This indicates that the price of Cardano has a bullish momentum and a buy signal.