I'm going to open the main long position for this coin in the zone between 21.80 and 20.00 resistance level. It is the support zone, and the market can bounce from it. For buying, we just need to get a reversal signal. If the price breaks 20.00 resistance, SMA200 and SMA100 will act as trend lines. Reversal signals from them also will be good for buying. And...
The market gave us a reversal candlestick pattern below the uptrend line and 4.50 support. I used this bullish signal and opened the 1st long position at 4.30 level. Today, the market is going to confirm the price reversal. If the close price is at the current levels, it will be the bullish candle with the close price above the downtrend line and 4.50 support....
If the price breaks the local swing high, a double bottom chart pattern will be confirmed. It will give us a buy signal based on the breakout. RSI confirmed the price reversal from 102.00 support. MACD is bullish. If the price moves back to the support zone, it will be possible to buy using reversal signals from the daily and hourly timeframes. Disclaimer!...
The price did not drop too much if we compare Ethereum with other altcoins. It makes this market overbought and not so interesting for buying right now. If Bitcoin starts falling, this market will provide solid bearish signals. The price reached the resistance zone, where we will be able to see a double top. It is a trend reversal signal. RSI confirms the price...
The market looks interesting for buying in the long run. We have the price reversal confirmed by RSI, MACD, and a reversal candlestick pattern. If Bitcoin keeps the upward movement, this market will be able to reach the important highs at 0.3500 and 0.5500 levels. It makes this buy opportunity very interesting as we have enough space for the upward movement. ...
Here is a possible buy opportunity. The price bounced from 400.00 support zone. We got a reversal candlestick pattern, which is a bullish signal. RSI confirmed the price reversal. The market gives us a possible buy opportunity. It is risky, but it can be profitable if Bitcoin keeps the upward movement. Entry Price: above 432.75 Stop Level: below 360.00 Profit...
The market forms a double bottom, which is a trend reversal pattern. RSI is going to confirm one more time the price reversal from 0.63780 support. The same goes for MACD histogram. If we get a bullish candle at the support, it will be possible to search for a buy opportunity using the hourly timeframes. Buy trades should be opened based on reversal signals with...
The local resistance zone at 1592.85 was broken, and the price reached the previous market high. It is a new resistance zone, and the price action here will show us further direction. As it is the resistance, we should be ready to see the price reversal. But looking at the daily chart now, it looks like buyers will be able to make a new high. If the close...
Here is a good example that explains how a new candle can change the situation in the market. Yesterday we got the confirmation that the market would move lower to the nearest target at 9000.00 level. The bearish candle and indicators showed that sellers were active in the market. But a new day could not develop the downward movement. Now we have a bullish...
About the Gold, what do you think about the market? As I can see the situation, we have 1592.85 resistance level. If the price breaks it, the previous market high probably will be reached. But I don't think that it will be good to open long positions following the breakout. The good entry points for long trades could be based on reversal signals from SMA100 and...
What do you think about such a buy opportunity? The price bounced from 118.860 support level. RSI confirmed the price reversal. The same goes for MACD histogram. MACD lines support a further upward movement. DMI is bearish and confirms trend market conditions. But ADX line falls, and it is a signal that sellers don't have the power to push the market downward. We...
The price moved back to 0.66700 support one more time. In this zone, the market will be able to provide us new trade opportunities. If the hourly timeframes give us a trend reversal signals, it will be possible to buy with stop orders below the support and the local swing low. If the price breaks the support zone, it will be possible to sell with stop orders...
In spite of the bearish trend in this market, I'm bullish. The price moves closer to 1.08000 support zone, and we can see how the market consolidates. Bollinger Bands move to each other, telling us about the further sideways movement. DMI is bearish, but ADX line falls. It is the signal that sellers don't have the power to push the price downward. If the price...
The price broke the local uptrend line. The price could not move above 10000.00 ket resistance. RSI and MACD histogram support the price reversal and a further downward movement. MACD supports sellers as well. DMI is bullish, but ADX line falls, and it tells us that buyers are not so strong. All these signals are bearish. They support the downward movement with...
If we don't take into consideration Bitcoin movements and bearish signals from the daily timeframe, the market looks very interesting for buying. The price reached the support zone formed by 400.00 and SMA200. We have reversal candles that tell us about a possible reversal from the support. RSI confirms the price reversal as well as MACD histogram. Yes, DMI is...
What do you think about such a buy opportunity? The price bounced from 0.83000 support several times. RSI and MACD histogram confirmed the price reversal. After that, the price broke the local downtrend line. It gave us a bullish signal. The market can move upward, and it will be a correction movement in the bearish market. If you think this trading idea does...
The price is not far from a resistance zone formed by SMA100 and 0.98500 resistance level. You can see how the price bounced from this level in the past. It was the support for the market. This week, we should be ready to see a reversal from this zone with a further downward movement. It will give us a possible sell opportunity. MACD is going to support sellers....
If something looks like a reversal, can it be the real reversal? Let's look at the fact only, without emotions and without bullish or bearish nature. There is a bearish divergence that gives us a trend reversal signal. MACD lines and histogram support the further downward movement. The price broke the local uptrend line and tried to move below 10000.00...