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Trendreversal

USDJPY - Short-Term Trend ReversalUSDJPY has been fluctuating within a range between near 112 to 110 as the market is still filled with a lot of unexpected events and causing a lot of uncertainties in the market. The price is now seen trading at the top of the range and is likely to reverse and fall. To confirm a reversal, I have waited for the price to break below the rising trendline, and secondly, a retracement back to the trendline resisted and fall again. There is an obvious space for the price to fall further, and thus we can look to short again within the supply zone.
Short
by AlgoVenture
MNKD - Next Resistance Level 1.5, or Reversal of DownTrendLooking for a resistance level that causes a reversal of trend. You can see the 2.01 resistance level was hit on 9/6, and 9/7 the price fell through to 1.78. If the downward trend continues, the next resistance level to be hit would be 1.5. Substantial sell volume on 9/5, 9/6 and 9/7 could be indicative of a higher likelihood for a trend reversal early next week. According to Chris Lau at InvestorPlace, a 10 yr discounted cash flow revenue exit model values shares at an average of $2.40, placing the stock at a current discount of 20/25%, assuming revenue increases due to the new partnership with UTHR. finance.yahoo.com
NASDAQ:MNKDLong
by intelitrades
EURUSD - The $1.15 level Is Important To MeHey traders! I've had a lot of request here on tradingview to provide an update on my $EURUSD outlook so here we go. However, before we get into that please understand that as a longterm swing trader, my views don't change too often. There are a handful of levels in the market that are important to me & most of what happens within those levels has no effect on my longer-term outlook. On the chart above, you can see that price never pushed high enough to change my longer-term opinion. However, i would like to see some more confirmation before looking for ways to get short and that confirmation would be a violation of the $1.15 level. As always I'm wishing you guys a great week of trading. I'm excited to be back in the markets just in time for the volatility spike. Good luck out there! Akil
Short
by Akil_Stokes
15
EURUSD 1 Day - A Shift In Longer Term ViewsI'm taking some time off from trading with the addition of a new family member, but of course I couldn't completely stay away so I wanted to come in and give you a quick update on my EURUSD views. (For some perspective you may want to go back and look at my previous post & videos discussing the Euro) With the violation of the neck line we officially have the completion of a head and shoulders bottom which has formed right after the completion of a bigger head and shoulders top. Despite this being a classic reversal pattern, there really isn't too much room for expansion within the key level of the underlying trend. So here are my views. As long as price does not violate the blue line, then my overall bearish bias remains. HOWEVER, if we end up violating the green line then I'll be looking for yet another reversal in trend and a move that can continue much higher. If price remains inbetween those 2 levels then I honestly have no interest in the pair until a clear direction is determined. Akil
by Akil_Stokes
17
Copper Wave AnalysisPotential long position forming with Copper on daily chart. Using simple wave analysis, Ichimoku overlay, OBV and MACD indicators, signs of a trend reversal in Copper are showing adequate confluence. The daily chart for copper is a good example of plotting Elliot waves. As you can see, ABC corrective waves has fallen between impulsive waves 3 and 4. This is a good general signal of the continuation of the impulsive wave structure. The Ichimoku indicator is a very reliable indicator in my opinion for confirming trend reversals. When the conversion line (blue line) crosses above the base line (yellow line) following a re-tracement it almost always signals a confirmation signal to the new direction of the trend. Its limitations (perhaps in this case, too early to tell) is that it can give false signals if the security is not clearly trending, as in its forming a triangle or bound in a tight horizontal channel. The MACD shows that a cross over has already occurred and looks to continue to move higher. The On Balance Volume indicator is showing signs of divergence between the lower lows of Copper and the OBV price line, however, the divergence is not strong but adequate. Volume is at very low levels which is always a good forward signal of an impulsive move in either direction. For a strong confirmatory long position, wait for a definite cross over in the Ichimoku base and conversion line. It is best to place a buy after a candle has completely closed above the conversion line. Other confirmatory signals such as increased volume and a strong positive move in the OBV are also solid signals of a beginning trend. Watch it closely the next week to see if it is starting a new trend or forming a triangle/flag/wedge.
OANDA:XCUUSDLong
by Dubsta000
2
BTC accumulation progress, big play !Do you see it? The wealthy are buying bitcoin with every possible dip... this is a pattern which occurs in a trendreversal before a bullrun. I am lighlty panicking with my alt positions as well, but I still do have about 25% present... And when it is confirmed I go in with leverage on the top coins from the moment the first peak occurs. The awkward feeling is a good thing, and I am buying with every dip low cap alts. Possibly there will be 1 major dip, which will be bought within the hour, perhaps when volume goes through the roof.. you have 1 chance of catching a falling knife ! And then you know it is for real... How do you feel? Quite unsure? Good ! PS: The chart on the left is now, the chart on the right was before the bullrun last quarter 2017
BITSTAMP:BTCUSDLong
by Wolverinos
2
Looks like ETH has hit bottomEthereum's price action looks to be bottoming out at a psychological support of $430. Heiken ashi is showing a possible trend reversal in the next few hours. While from our oscillators we have a divergence from MACD and a much stronger one from RSI. Bollinger Bands are also showing a weakening trend by price consistently failing to hit lower band. We very well could be in for a trend change on ETH. As a trader, I would recommend waiting for a more confirmation such as price breaking the upper resistance band on high volume or MACD to cross center line. Either way, rest of the day looks green for ETH if it can maintain current support level.
COINBASE:ETHUSDLong
by cryptofanatic09
Synereo trend reversalWe could possibly see an upward trend starting on BITTREX:AMPBTC with a daily close above or around 2100. We found support in the same area as December all time lows and had been sitting there for the past week. RSI has been oversold or close to it for the past 2 weeks, and is moving upward but not spiking. MACD will confirm a bullish signal line crossover heading towards the centerline with a daily close positive. There will also be an upper bband breakout and a possible 3 white soldier set up in play if the we close green. Volume has basically bottomed out, so I would like to see an increase to confirm the reversal. If we close above or around 2100, with decent volume, I think we could reach ~2500 the following day testing recent resistance, before we continue the upward trend by this weekend.
by xoT
DOGE Long OpportunityThe same to Doge like other recent chart analysis we made. Falling wedge and ready to breakout after a volume increment in the following days. RSI downtrend and price downtrend already started an uptrend and RSI at 37. Just a little bit volume will begin the rally. Entry Zone : 39 - 43 sats Potential Targets : Target 1 : 46 sats Target 2 : 51 sats Target 3 : 55 sats Target 4 : 59 sats Target 5 : 65 sats Target 6 : 72 sats+ Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Long
by cryptotalk_et
GE - Ready to star an uptrend?GE has been in a downtrend path for all the 2017 and 2018, most of the time even under the moving average 50 days (blue line), and the price just once tested the 100 days trend line (orange moving average). Today, the stock is closing almost with a +8%, after the company announced his plans to spin off its health-care business and sell its participation in the oil-services company Baker Hughes. Maybe is too early to say the downtrend is finished, and the company still faces some risks in the short term, as some expected downgrades in his credit rating, and his recent reality after it was removed from the Dow Jones. From the technical analysis view, there are some key elements: A) possible double bottom formation, around the $12.75 area, and B) a possible MACD bullish cross in the daily graph (left). Before to go long, I will wait for some confirmation signals for the next days, such as: 1) keep price action over today GAP ($13.5); 2) price action over the moving average 8 days (green line); 3) golden cross between 20 and 50 days moving average; and lastly, but not least important 4) stay above the long-term trend, the 200 days moving average!
NYSE:GE
by david_ceballos
A POSSIBLE, BALANCED TRAJECTORY FOR ETHEREUMWe all want to determine start and finish of the cycles, bullruns, bear markets, etc. I can say this is a quite objective approach and a very likely follow up for Ethereum, especially with the steadiness.. quite comparable to BTS, which made an example already of a more bullish scenario. We have to see the outcome of BTC of-course, but in time which is a very important factor as well, we are consolidating volatility is steadily fading. Hope for a trend-reversal soon!
BITFINEX:ETHUSDLong
by Wolverinos