This is what my scenario looks like now. Price seems to be in a falling wedge. A small relief rally to upper side of the wedge + horizontal resistance (red line) seems imminent. From there price will go and visit the 200 dollar range. There I will be closing my short. A bounce seems very plausibel around the 200 dollar range (green line). Wether it will be a dead...
This is what my scenario looks like now. Price seems to be in a falling wedge . A small relief rally to upper side of the wedge + horizontal resistance (red line) seems imminent. From there price will go and visit the 200 dollar range. There I will be closing my short. A bounce seems very plausibel around the 200 dollar range (green line). Wether it will be a dead...
Looking for a long entry. Pro's for a long: Price is at bottom of channel, bottom of Bollinger Bands and on a support line. Daily trend is up. Hourly charts show bull divergence. Daily trend is up. Price movement is part of a big ascending triangle. Expecting price to test the 1.13 range again. Con's for a long: Price tested this support line multiple times in...
Price on it's way to test former support line as resistance. Red zone is confluent with 50% Fib lvl. Price going up parabolic which could mean a heavy drop when price falls out of parabolic advance.
Price is on a diagonal and horizontal support. Horizontal support is confluent with 61.8 fib lvl from last move up. Bollinger Bands squeezing. RSI showing a decision point is near. Comments and criticism are welcome as I am learning.
Inverted Cup&Handle forming. RSI below 50, 50MA Starting to point down