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Trendreversal

Banking on Bancor: The Trend ReversalAdmittedly, when I previously published a Bancor chart on Sept 1, I got a little ahead of things. I have since been watching it since and it appears the previous capitulation spikes to 50,000 sats may have found the bottom. It has yet to break and appears the downtrend it has been in for the last couple months may have just broken. I am going to go out on a limb here and say we will probably ride out sideways for a bit in the 65,000 to 55,000 range before retesting 75,000 and hopefully push much higher. It is important to keep in mind the amount of money that was invested into this ICO project ($153M). The smart money has held onto their tokens and it wouldnt be surprising if they have been buying the whole way down with the intentions of pumping at the first sign of positive news. Let me know what you think in the comments below. Obv. not investment advice but it will be interesting to see how this plays out. Cheers and good luck trading!
Long
by Brodie_MT
IOTA seems bullish :)IOTA is an excellent coin to hold long term!!! Has big multiplying value potential with its amazing technology. It's fairly new and hasn't had any major announcements yet, they just had a conference which means at any random point they might drop some news on partnerships, upgrades and projects. Still announcements to be made about being added to exchanges. I personally am going very long term on IOTA because it has strong fundamentals, good dev team with a roadmap & I truly believe in this revolutionary technology. Possible that we will never see these prices again. #HODL.
Long
by Cryptonite420
Potential Long Position for USD/JPY_Trade Plan 2017.08.07 Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still sideways to down with price hold below MA200. Currently in H1, price seems to form Double Bottoms pattern with price hold within resistance area 110.685 - 110.923, slightly above MA200. Trade Plan: If price breaks up previous high, re-test it, and rejected up, can consider to long the market to follow the potential trend reversal to the upside. With Stop Loss 30 pips and Target Profit 90 pips, the potential trade offers 3.00 Reward-to-Risk Ratio.
Long
by arieg1985
ETH - The Sun May ShineETH has broken the major downward channel that it has been stuck in for weeks, it is currently sitting at the last major trendline that indicates complete reversal. Breaking this resistance would mean the bearish market has come to an end. However this line will hold a lot of resistance, meaning that a downward continuation is still possible. Like stated in the previous chart, ETH would need some great news, and massive increase in volume. Well we have the volume, and possibly with the upcoming activation of segwit it has led buyers to push this market up. What to do: Watch this line closely. A move above it would likely mean the bearish trend has ended. If it fails to break this line, it could lead to a great short opportunity. Good luck to everyone!! note: the trend line was placed with 1 day candlesticks, the chart is currently in 4 hr.
KRAKEN:ETHUSD
by oh92
2
VSTM Wave completion + other concurrent price action I'm long 500 units VSTM given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March. Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I expect to see $5/share, hopefully by the end of the year. Assets alone value over $2/share, so for me, it's a moderate risk. My first day here at TradingView, cut me some slack :-D Any input would be greatly appreciated.
NASDAQ:VSTMLong
by Dank-Traders
US Dollar Bounce & What It Means For Gold!Hey Traders, I am seeing a new Macro Trend Beginning on US Dollar Index 0.08%. If you are not sure what my conditions are for a trend reversal, Please check out my recent tutorial on "How to read structure (Charts) Tutorial. Charts 1-5" (Linked Below In related ideas). I think the dollar is setting up for a small bounce here and this may cause a pullback in the metals. I do think the dollar will most likely remain in its daily downtrend and Gold -0.13%will remain in its daily Uptrend but this is a good opportunity for a short term long position in the Dollar index 0.01%. Price has broke and close above its previous high twice followed by a nice pullback giving us a good entry. I will be looking for two targets on this trade. If target 1 is reached, I will be looking to roll stops up to my entry price to lock In profits. Entry- 12207.00 Target 1- 12240.00 Target 2-12272.00
FX:USDOLLARLong
by Alec40
370 pips down?EURAUD has been moving recently in a trend and is re-testing the vast majority of previously defeated levels of resistance now working as a support. Market has been moving for a long time up. It is noteworthy that these increases took place in a very technical manner, and after each growth impulse there was a downward correction, which in majority of cases ended with a re-test of the previous resistance. Sometimes these corrections were deeper and sometimes shallower, but each time they were less dynamic than previous impulses. Currently, we have seen consolidation for over a week. There is of course also a form of correction, but given that within this box declines are more dynamic than the upswing, in near future we would expect we could break the bottom. The current situation on the daily chart may also be a forecast for pro-bearish scenario, where we note that as a result of the ongoing from February 23rd upswing price reached 1.5050 area, where already first bearish reaction occurred last week. This level, however, has not been permanently discarded though if that were the case, we would expect a re-test of 1.4600.
Short
by Comparic