As displayed in the chart, CROUSDT has maintained a downward channel for some days. It has also shown a sign of sell as it touched the resistance channel and created a lower low. I will go short on CROUSDT and my TP will be at 0.5151
Time to go long. Market has shown good price action. Market broke and retested the downward Trendline on the 1hr TF. It's ready for a long to the first target level.
Going to a lower timeframe (1hr), we can clearly see that the price is respecting a minor trendline to the downside. A perfect entry should be when the price breaks and retests the trendline to the upside as indicated on the charts. You can also see the first target level and the second target level on the chart, providing we see a good price reaction at the...
As we can see, the price went in the direction of the first thing I said to bear in mind. Now we should be looking for long entries at the key level on HTF (the support Trendline)
TLM has been respecting an upward channel for weeks. Market formed a head and shoulder and fell through to break the neckline(previous resistance turned support). We can see a clear wedge forming on the Support Trendline. I am 70% in for a Long position and 30% in for a short. I have two things to bear in mind. • Either the market breaks and retest the wedge to...
TLM has been respecting an upward channel for weeks. Market formed a head and shoulder and fell through to break the neckline(previous resistance turned support). We can see a clear wedge forming on the Support Trendline. I am 70% in for a Long position and 30% in for a short. I have two things to bear in mind. • Either the market breaks and retest the wedge to...
FTM has been on a downtrend for days. Market respected the Higher Timeframe Trendline and broke through a resistance and a neckline of a head and shoulder pattern formed on the 4hr TF. We should be looking to enter into short position when the market retests the resistance (neckline) and shows selling signs using candlestick patterns.