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Tweezer

ADA Price Analysis There are potential tweezer bottoms forming on the candles which could signal a small reversal of trend. This price action is further reinforced by the falling wedge pattern being formed. However, ADA has some strong resistance to overcome at the top of the wedge both in the form of psychological resistance as well as the .5 fibonacci level. There's a small bullish twist on the Kumo followed up by another twist back into a bearish formation. Stochastic RSI has bottomed out and the signal line is attempting another bull cross. RVI shows us we are gaining momentum. Although the past resistance on the RVI aligns well with the resistance at the top of the wedge. Small bullish curl on the DI - We are still in a strong downtrend. It will be interesting to see how this price action plays out.
by SpektreSignal
IOTA Price AnalysisCurrent price action looks to be forming a bull pennant on the daily chart. The past two daily candles closed forming tweezer tops signalling a reversal this is confirmed by the Stochastic RSI which just underwent a bearish cross in the overbought region. The kumo as well as the Kijun, and Tenkan sen are all acting as supported this is further reinforced by the .5 fibonacci level. The DI+ has curled inward to reflect the current drop in price. The price should fall next to the Kumo/Kijun to form a higher low before resuming it's current uptrend.
by SpektreSignal
Is There Any Fresh Money coming in? #consensus2018, Reversal?This is the bounce we are most waiting for. I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour. In addition, i see that we will break this falling wedge. The bull scenario: The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today. If it happens, we will see a tweezer bottom, and thats good for the bulls. The other resistance is seen around 8400-8450 build upon the falling green line, if we break it, we will likely to test the next resistance 0.382 - 0.5 base on fibb, and thats around 8800 USD. And, if we break this big resistance, i will be verry bullish for the next move. The bear scenario: The bear scenario is simpler. If we fail to break the red line 50-MA, we will back to test the support at 7900 USD.
BITFINEX:BTCUSD
by bags467
LSK lookin' to reverseEverything adds up almost perfectly among the indicators right now. RVI is low and is nearing past levels of strong support. So volatility and downward momentum is decreasing which is bullish. Room to fall then bounce off support. This is mirrored on the stochastic as well as the TRIX. We should see the price bounce off the bottom of the ascending channel at the 0.236 fib line before seeing a price extension to roughly the 0.618 level and this is confirmed by the contractions seen in the kumo.
by SpektreSignal
JNUG Pullback Buy OpportunityJNUG may be in a weekly downtrend, but there is a promising bullish buying opportunity today. We saw the daily 100 EMA act as resistance in October, but in late December,JNUG breached both the 50 EMA and the 100 EMA without a significant pullback. It printed a bearish tweezer top last week, leading to a failed re-test of the 100 EMA in after hours trading last night. Today, we saw the 50 EMA act as support as the Stochastics tested previous resistance. This is a buy signal. A close over the 100 EMA could push us over the tweezer top, likely resulting in a true reversal in the trend. Watch the Weekly 50 EMA for a 1st target on a swing trade. close below the weekly 9 EMA today (16.45) likely means we return to lower support.
AMEX:JNUGLong
by Red_Ben
USDJPY - many bearish signalsOn the daily chart we can see how the price, after a sharply upward move, stops near an important resistance. After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice). Furthermore, these two reversal signals shape a tweezer top. Thus, we have different reversal signals that can give us short opportunities, so we could take advantage from that by selling US Dollar. Using Fibo we could put our TP at 23,6% of the previous swing and a SL above 111.36, for instance at dashed line. If the price continues its ascent, we can buy when price pierces the resistance line with TP at 123,6% Fibo or near next resistance line at 114,431 price level, whit a SL at 111,442 (the nearby resistance line at current price). I will happy to see comments and suggestions to improve my analisys. Thanks.
Short
by michele_laino