Is Ricardo recovering lost groud?Some good reasons why Ricardo is likely to head higher into the future. This is a monthly chart only and rising above the 200 EMA plus volume and stochastic gives reasons to believe the price is heading higher.
Trendreversal
BTCUSD - H4 - REMAINS A SELL ON RALLY ...As expected and mentioned in my previous analysis the failure to hold above the psychological support level of 60'000, triggered a downside acceleration which pushed the BTCUSD towards
a low so far of 58'573; my first technical target of 57'765 has not been reached yet...
So what next ?
Well, it is likely to see further downside in the cards ! Indeed, looking at the H4 price action, there is no bullish divergence detected yet and therefore, for the time being, any recovery should be
seen as a corrective move only in a broad new downtrend = SELL ON RALLY !
In this H4 time frame, a downtrend channel took place, from the top of 69'000 (confirmed by the failure to upside breakout clouds resistance on Nov 15th !); currently below the cluster of TS, KS and
MBB and last but not least the Lagging line is far below the clouds...
RSI is confirming NO BULLISH DIVERGENCE YET and is showing some small recovery in a broad bear trend.
The former support zone(62'700-63'000) of what I called "RED ZONE" in my previous analysis should now be seen as the first significant resistance area if the BTCUSD achieved to recover firstly and hold
sustainably above the 60'000 area.
On the downside, on the daily picture, the clouds support area (58'000-53'300 should be seen as an important support zone; by the way, 54'295 is also the 50% Fibonacci retracement of the 39'590-69'000 rally and last
but not least the TS in the weekly time frame
CONCLUSION :
As already mentioned, several times, plenty of short term countertrend trading opportunities could be exploited if you monitor very, very closely shorter time frames to detect early reversal signal (s); do not forget to apply
a disciplinated risk management in placing stop losses accordingly :-)
Have a great trading day and all the best.
"May your long goes up and your short goes down"
Last but not least, if you like my work and you find my analysis valuable for you,(any feedback welcome :-), please do not forget to like it first and for those who do not follow me yet, please also add Ironman8848 on your following list.
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Take care.
Ironman8848
HODL SHIBARMYSHIB has been losing momentum this past couple of days but that has not stopped investors from purchasing at a lower price. We can see divergence as well as price respecting support. I would be patient and Hold long term if possible. I hope this information is helpful and I wish you all the best!
$ATOM bearish trend turning to bullish trendThere’s been a series of higher highs and higher lows indicating a reversal from the previous downtrend. As well as a series of Higher lows in the RSI, signifying building strength. Looks like it could head to $40 again in the short-term.
First post all draw, written, you name it on my iPad so let me know what you think if it turned out okay.
MEME Coin is in 177 days consolidationHello Traders,
Today I am with another cryptocurrency which has more than 100 days consolidation. Many meme tokens has gone parabolic in past weeks but OKEX:MEMEUSDT is still in the accumulation zone. Considering the long consolidation of Meme coin 300% profit seems reasonable to me. Leave your opinion in comment section.
Thank You.
AUDUSD - DAILY - TREND REVERSAL - BUYTHE 61.8% Fibonacci retracement @ 0.727790 has been filled overnight; currently in recovery progress, daily clouds support zone has also be tested.
Looks like a good buying opportunity (around 0.7290-0.7305) calling for a recovery towards the cluster of TS, KS ahead of MBB (0.7403 -0.7443)
Watch ongoing support trend line (in red) and put a stop loss below in case it goes on the wrong side.
All the best take care
If you like my analysis, please do not forget to like it and add me on your following list
Many thanks in advance
Ironman8848
IAG 2.40-2.45 IHS Gartley PCZ 4hr Cypher PCZ higher low inside the wedge. just a potential amazing area for opportunity to see multiple patterns take shape here. it might not ever get there but its a work of ART IMO.
MoneySwap (MSWAP) is in more than 100 days consolidationMoneySwap (MSWAP) is in more than 100 days consolidation and anytime it may give big breakout. I am expecting 300% return after KUCOIN:MSWAPUSDT gives breakout from this long accumulation phase.
Be patient, as it may move side ways for couple of weeks before breakout. Longer is the consolidation/accumulation higher is the breakout.
Do leave your feedback in comment section.
Thank you.
Franklin (FLY) is ready to give breakout - 300% potential profitLooks like KUCOIN:FLYUSDT is ready for trend reversal. I am expecting 300% return after FLY gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient.
Follow us for related analysis.
AUDUSD COMPLETE IT'S CORECTION ZONEAfter breaks the long trend line on up trend with the small bearish harami cross market was drops to the 0.74110 level that we're forecasted previously. We find this currency pair the corrective line complete and continue it's down word direction for a long time. The next support level 0.73800 and 0.73100.
Breakdown Play on the GBPUSDThe price action of the GBPUSD recently broke down below the lower limit of the ascending channel, which signifies the likely beginning of a new downtrend. Afterwards, it rebounded from the 23.6 per cent Fibonacci retracement level at 1.37347 and established a throwback to the channel from below. This behaviour of the price action corroborates the expectations of a trend reversal.
Presently, the price action is probing the 38.2 per cent Fibonacci at 1.36727, which converges with the 200-day MA (in orange). If it manages to penetrate below the two, the price action would then likely head towards the 61.8 per cent Fibonacci at 1.35724.
Conversely, a rebound from the 38.2 per cent Fibonacci would likely be followed by a throwback to the 23.6 per cent Fibonacci from below before the broader downtrend can be resumed.
NEO TREND REVERSAL? Dino Large Cap Mid Term IdeaI did pretty well on NEO after calling the macro trend line breakout that preceded it's final 110% rally during the previous bull cycle.
But, to be honest, it didn't really perform as well as I'd hoped. It didn't even come close to its previous ATH.
I'm not sure how bullish that is for NEO's long-term prospects, and, let's be honest, NEO is kind of a dinosaur. There are a lot of sexier new projects that are DeFi, Dex, or NFT related. I have a feeling NEO has kind of been forgotten...
But if you've been in crypto long enough, you know that the best time to buy is when nobody's talking about it.
But it's important to manage expectations. If anything, it's a blue-chip mid term hold you can buy and forget about until large cap alt szn hits, when you can take a decent (but not face melting) profit.
EURUSD H4 LongsEURUSD recovery iminent. great R:R ratio. break and close above 1.16700 will lead to an advacement in 1.17 price range and back to 1.18 long term.
EURUSD clean short opportunityLooking at a shorting opportunity on the infamous EURUSD after a recent break below/ close below of structure - one negative here are the big wicks from March 2020 bit altogether a nice setup.
Cryptoindex.com (CIX100) is in more than 100 days consolidationLooks like Cryptoindex.com 100 (CIX100) is ready for trend reversal. I am expecting 300% return after CIX100 gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient.
GBPCAD expecting some bullish sentiment on 1.70000GBPCAD has been on a massive downtrend after retesting 1.75000 since 20th september to 1.69000, this level might bring some bullish sentiment as it finds support around this level from the weekly timeframe. the bulls push breaking 1.70000 with a strong bullish momentum, therefore am expecting a retrace then continue till 1.72500.
Confirmation is waiting for a reversal candlestick pattern on 1.70000, then a break of the recent support turn resistance created.
kindly drop your suggestions in the comment box.
L&T braking the downtrendAs per RSI and price diversion ok chart of L&T it will give a good upside move. Target and stoploss is given in chart. After breakout of price stay above trendline then enter. Afterall world market scenario is downside so breakout can be delay but keep eyes on L&T.
BTCUSD - D1 - TRICKY ZONES !!!Following yesterday's price action, we can now draw a new downtrend resistance line (currently around 55'000)
UPSIDE :
In order to neutralise, this potential trend reversal the BTCUSD should recover and hold sustainably above 55'000 and this
on a DAILY CLOSING BASIS !!!
DOWNSIDE :
the level of 53'433 (already mentioned in my previous analysis and already tested yesterday !) should be seen
as a warning signal; a daily closing below this level would trigger at least a "DARK CLOUD COVER" which is not a strong bearish signal
but nevertheless considered as an alert, calling for potential further downside.
Indeed, as you can see on this chart, the 53'300-47'700 trading range is very fragile (sept 7th, long black candle on the downside) and
4 successive white candles on the upside !!! (Mirror effect)
CONCLUSION :
A clear breakout of the 53'300 support area which would put the BTCUSD in a very fragile trading zone, should accelerate the downside move !
Watch carefully intraday shorter time frames to get intermediate clues.
Have a nice day
Ironman8848
BTC : Schiff PitchforkPitchforks create a type of trend channel.
The trend is considered active as long as the price stays within the channel.
Reversals occur when price breaks out of the channel.
There is a center median line ( trend line ), as well as sets of lines above and below that median line.
The additional lines are set a specified number of standard deviations away from the median.
Each individual line represents a support/resistance level.
Note the way that price action interacts with the various lines :
Pitchforks can help establish key support/resistance levels!
These levels can be used in conjunction with active price action monitoring to help identify trend continuations/reversals while trading.
// Durbtrade
UniLend (UFT) is in more than 100 days consolidation in ETH pairLooks like UniLend (UFT) is ready for trend reversal. I am expecting 300% return after UFT gives breakout from this long consolidation. UFT also looks good in fiat pair. It may move side ways for couple of weeks before breakout, be patient.
GBPUSD Long IdeaThe GBPUSD fell sharply yesterday and the GBP was the weakest of the major currencies. The fall took the price down to test the January 18 swing low at 1.35188. Today the selling has continued – albeit at a more modest pace – pair moving closer to the January 11 swing low (and lowest level for the year) at 1.34498. The low price today has just reached 1.3454 (within 5 pips of the low for the year).
the pair is now testing the 2021 low. I would expect risk focused buyers against the level with stops on a break below. Risk can be defined and limited against the level. That is enough of a reason for some traders to put a toe in the water (with limited risk).
BCH Looking To Threaten the Bull Trend On The New WeekPrice is going to close below the 21 week moving average which will likely be followed up by a test of 461 and if that doesn't hold we can see price go much much lower.
The MACD is also crossing bearishly which leads me to believe even more that the bearish scenario will play out.
Part 1 - How to identify Trend Reversal | Market StructurePart 1, We are going to look at how to identify a trend reversal using the Market Structure and BOS (Break of Structure).
Important things to remember:
1. When the Market Structure is Bullish - Price will be breaking previous Swing Highs but respecting Swing lows.
2. When the Market Structure is Bearish - Price will be breaking previous Swing Lows but respecting Swing highs.
3. Always Expect Market to break structure at any time And monitor Market Structure on HTF.
4. In Bullish market focus on the swing lows not the swing high ( Buy Low)
5. In Bearish Market focus on the Swing highs not Swing lows ( Sell high)
Stay tune to Part 2. We be analysing using Wyckoff Method. Leave a comment below if you find the tutorial useful.
