DLavrov

DLavrov

The price reached a resistance zone at 0.88000 level. The price is forming a bearish daily candle, which will be able to confirm a reversal. RSI reached the overbought zone, and it will be able to give a solid bearish signal. The same goes for MACD histogram, which can support a possible downside movement. If the price stays below the resistance, it will be a...

DLavrov

If we look at the 1H chart, we will see a boring market which is moving sideways. I wrote about possible trade opportunities based on the horizontal price channel. You can read this post in the related ideas. Today, I offer you to look at the daily chart. It will help you to understand better the further market movement. Please note, we are talking about...

DLavrov

Here is another market where shorting looks obvious. The price bounced from the resistance zone. RSI confirmed the price reversal in the overbought zone. MACD histogram supports a downside movement. It is possible to search for exact sell signals using the hourly timeframes with reversal and breakout signals. Stop orders must be placed above the local swing...

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The market looks interesting for shorting. The price reached the resistance zone formed by 81.50 and 82.00 levels. RSI reached the overbought zone, and the line is going to confirm the price reversal. The same goes for MACD histogram. If the price can stay below the resistance zone, it will be possible to search for exact entry levels in the daily and hourly...

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The triangle chart pattern did not work as it should work. The trading idea based on the triangle isn't workable anymore, and we have to search for a new one. Let's use a horizontal price channel, which also can support the current market conditions in the 1H timeframe. The market is consolidating between 9755USD and 9545USD levels. They formed the borders of the...

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Let's look at the 4H timeframe of BTCUSD market. We can see how SMA200 supported the price. Now the same work we should expect from SMA100. These lines act as support and trend lines at the same time, with all features. What does it mean? It means if the price breaks SMA200, it will give us a trend reversal signal. I'm talking about the local trends, which can be...

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The price reached the resistance zone between 1.26000 and 1.26500 levels. You can see how the price moved at these levels in the daily timeframe. In spite of a breakout in the 1H timeframe, which can be a false breakout as well, the market looks interesting for shorting. RSI gave a reversal signal in the overbought zone. MACD histogram tells us about the price...

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The price bounced from the main downtrend line. After that, we got a lower swing high. The price is forming the Head & Shoulders chart pattern, which belongs to a trend reversal group of patterns. If the price breaks the signal line of the pattern, it will be confirmed. The market will give us a strong bearish signal. The main target for the sellers will be at...

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The price reached a strong support zone. RSI is going to confirm the reversal from this zone and a further upside movement. You can look at the past performance at 1.60000, and we should expect the same trade opportunities. It will be good to search for exact entry points for buying using the hourly timeframes. Stop orders must be placed below the support and...

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Yesterday, I wrote about a possible selling opportunity in this market. You can find this post in the related ideas. We have bearish signals in the daily timeframe. If we look at the 4H chart, we will see a pullback from the resistance zone and a breakout below the local uptrend line. It gave an entry point for short trades. If you missed that signal, it's...

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Here is the market review in a few words. The price bounced from 255USD. The price formed a bearish divergence, and it is a trend reversal signal. If the price can stay above 228USD, it will be possible to see an upside movement to the previous swing high at 255USD. The price reversal from the support can be used for buying. Stop orders must be placed below...

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The crypto is the perfect market for manipulation. It does not matter why the price bounced from 10500USD and dropped to 9200USD. Let's think about how to trade. The price bounced from the broken downtrend line. We have a new swing low, which should be used as the key point for the sellers. If they can break it, we will see a further downside movement to 8600USD...

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It is a good example of the perfect price reversal. The price reached the resistance zone and formed a reversal candlestick pattern. RSI is going to confirm the price reversal as well as MACD histogram. The main uptrend line was broken. The market gives us a double bearish divergence, which is a solid trend reversal signal. We have bearish signals and reasons to...

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The price is forming a reversal candlestick pattern in the daily timeframe. RSI is in the overbought zone, and it will be able to give a solid bearish signal. The market made an upside movement after a breakout above previous resistance. Now the price is at 0.94000 resistance, and we should be ready to see a pullback. It is a possible selling opportunity where...

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I wrote about Bitcoin using the weekly timeframe just in order to show the whole picture. You can read that review in the post from the related ideas. Today, let's talk about Ethereum as this coin is becoming a hot market. Probably, we will see a strong upside movement with huge potential profit. If we talk about trend market conditions, we can say that it...

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The daily chart shows us that the market is in a bullish trend. If so, we should search for buying opportunities from SMAs and uptrend lines. At the same time, we can see that the price is far from SMAs, and we should be ready to see a correction. It is not a good idea to open long trades right now, but it is possible to think about selling. The market gives...

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In the previous posts, I wrote that Ethereum would be able to become a very interesting market for investing. It was the period when the price reached the support line of the triangle chart pattern, and we could expect the price reversal. Ethereum Vs Bitcoin. The 2nd coin Vs the 1st coin. Look at the daily chart of ETHBTC market. We can see that Ethereum is...

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The price reached the support zone one more time. The previous reversal from that zone gave us an upside movement to 1.82500, and this time we can build a trading idea using the same pattern. The price is bouncing from the support zone and SMA100. RSI and MACD histogram confirmed the price reversal. It is possible to search for the exact entry points for buying...