DLavrov

DLavrov

We could open long positions using a reversal from 78.950 support zone and a breakout signal above the local downtrend line. If you did not use that trading opportunity, now it is better to think about shorting. The trading idea is based on a reversal signal or a false breakout signals at 80.000 resistance. Stop orders must be placed above the local swing high....

DLavrov

The buyers could not push the price above 400USD and stay there. It gives us a situation when the sellers can step in and push the price down. If the price breaks 385USD support, it will give a solid bearish signal. The 1st target will be 360USD support. If the price continues the downward movement, the 2nd target will be 300USD. The price action at 385USD,...

DLavrov

The price is moving sideways in the borders of a triangle chart pattern. What does it mean? It means that we have to use rules for trading such a pattern. If the price breaks the upper line, it will give a buying opportunity. If the price breaks the bottom line, it will be possible to short. Stop orders should be placed above and below the local swing highs and...

DLavrov

What do you think about such a short trade? The higher timeframes give us trend reversal signals. In the 1H chart the price broke SMA200 and now it is retesting SMA100 as a resistance line. If SMA100 can stop an upward movement, we should expect a reversal with a further downward movement to 1.2800 support. Here is an example of a short trade: Sell below...

DLavrov

The price is moving sideways in the borders of a triangle chart pattern. We have a consolidation period, which will be changed by a new price movement. I expect to see a breakout below the bottom line of the triangle. It will give a bearish signal with the targets at SMA100 and SMA200. The support zone at 10 000USD will be good for a reversal signal and opening...

DLavrov

The price formed a bearish divergence, which gives us a trend reversal signal not far from 1.32000 resistance zone. MACD and DMI are bearish, and we can expect a downward movement. If the price tries to break 1.32000 resistance one more time, it will be good. A new reversal signal from this zone will give us a good entry point for selling. The price has the...

DLavrov

It is a rather risky short trade, which is based on a breakout signal below SMA200, the local uptrend line, and 70.00 support. MACD is bearish, and it supports a possible downward movement. RSI is bearish as well. Here is an example of a possible trade: Sell below 69.795 Stop above 70.250 Profit Target at 68.550 Risk per trade must be no more than 1-2% from the...

DLavrov

The price bounced from 0.90500 support zone. We got a bullish divergence and a possible double bottom chart pattern. It gives us 2 trend reversal signal and we can expect that the price will move up during the next week. It will give us new buying opportunities. I would like to wait for a retest of 0.90500 support one more time and a new reversal signal. After...

DLavrov

In this chart, you can see at least 3 reasons why I don't trust in a possible upward movement without correction to the key support zones. We had the same upward movement in the past when the market became overbought. MACD lines and RSI confirmed reversals. The price dropped after that, and we got trend reversal signals. Now, I don't think that we will see a...

DLavrov

How should the perfect bullish structure look like? The price bounces from 12 000USD resistance zone and moves downward to 10 000USD support zone. This support zone includes SMA50 and SMA100 as well. The price action at this support zone gives us a good buying opportunity based on a reversal signal. We open long positions with stop orders below SMA100 and profit...

DLavrov

Here is another market that looks overbought. The price reached 100USD, and it is a solid resistance level. We can expect a reversal from this zone and further downward movement toward 76USD support level and MAs with 20 and 50 periods. The price action at these zones will be able to give us new buying opportunities. Disclaimer! This post does not provide...

DLavrov

From TA point of view, the coin looks overbought, and we can expect a downward movement toward MAs and the support levels. RSI confirmed the price reversal as well as MACD histogram, which is also supporting bears. Maybe we will see a new attempt to reach 0.3400 resistance. But if the price stays below this zone, we will get a new trend reversal signal. I...

DLavrov

Let's add this coin to a watchlist as it looks interesting. We could open long positions following a breakout signal above 5.00USD and a reversal from 7.00USD. Now the coin looks overbought, and from TA point of view, it can reverse from any round number levels and correct the previous upward movement. It will give us a new buying opportunity in the direction of...

DLavrov

It looks like the price will reach 0.3500 resistance zone. It is a strong resistance that could stop and reverse the upward movement at the beginning of 2020. After that, we saw a strong downward movement. This time, we can expect a pullback toward MAs with 20, 50, and probably 100 periods. But I think the buyers will be able to keep the bullish structure. The...

DLavrov

The price bounced from 0.12000 resistance level. We got a trend reversal signal based on a bearish divergence. RSI confirmed the price reversal. MACD is supporting a possible downward movement. From TA point of view, we have a bullish market that is going to correct the previous upward movement from 0.06500 support. We can expect a pullback toward 0.09000,...

DLavrov

I really don't understand the reasons which can push the price upward. Ethereum looks overbought. RSI confirmed the price reversal in the overbought zone. MACD histogram supports the further downward movement. The price is too far from SMA50, and it is another signal that the market is stretched. From TA point of view, it should correct the previous upward...

DLavrov

I'm not against buyers who believe in the continuation of the uptrend. I'm against those who promote the wrong principles of trading. For example, buying below resistance and when the market is overbought, it is a mistake. If we look at the 4H chart, we can see a strong trend reversal signal. It is based on a bearish divergence. If the price breaks the local...

DLavrov Updated 

Here is an example of a short trade. The price is forming a double top chart pattern. It is a reversal pattern at the resistance zone formed by the upper line of the price channel and 1.19000 resistance level. RSI confirmed the price reversal. The same goes for MACD histogram, which also supports a further downward movement. If the price can stay below the...