chemistrytrades

chemistrytrades

Quite simple and interesting chart. Descending trendline has about 1 year from Year to date. Ascending triangle resistance (red zone) + descending trendline converge (the crossroad) If the price breaks clearly with a strong bullish candle or non reversal candles ABOVE descending trendline, a Bullish future may be starting in the long run. In the short term it...

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Nikkei looks to be on a desceding trend on the hourly chart. As we can see it broke downwards it's ascending trend and continued it's global image searching for lower lows, as it broke downwards an ascending trend developed in the daily chart. What we're looking here is that price has respected it's current trendline and failed to breakout ema's 50 giving out a...

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A rounding bottom has defined very clearly. Once the price is outside the descending black trendline we would expect to see a strong bullish move, also as you can see price is already above ema 200 and wma 300 which is a good sign that the market is likely for it go higher, just likely. That being said, we will wait for the price to be outside the trendline to...

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Very nice double bottom, price is set above the double bottom's maximum therefore we will operate a long trade. Aditionally, the price brokeout from the dark red descending trendline. Right now our short term target is close to fibbonaci's level 2. Which is COINBASE:BTCUSD price target @4659 aprox Good luck and if you liked this idea please give me a Like ,...

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The famous "triangle" many traders talk about. I'll be short and straight with my analysis. 1-Market is bear, it's been for quiet a long time now. 2-The blue descending trendline has behaved very nice on the last swings 3- The descending BLACK triangle I've plotted broke downwards. Keep in mind point (1) 4- I used keltner channels to show that the strong move...

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Bearish engulfing pattern plus double top Preceding uptrend We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle...

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Couple of things we see on this chart. Global trend line ( orange ) Descending channel broken ( black ) Reversal pattern 1 failed ( inverted hammer). Reversal pattern 2 (bullish belt hold) and tweerzers bottom (on going). I confirmed this trade with the current bullish session. Operation goes at it shows, we're waiting for the price to retrace a little bit for us...

chemistrytrades

Right now bears are up for it !!. Today was the first day that tested out the support. 2h,3h and 4h charts show pretty much same bearish pattern. However when it touches the resistance number 2 it's going most likely to bounce. RSI supports the bear trend, negative momentum has set up for it as well. Fibbonacci's lines show the possible retracement the market...

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Through this analysis it consolidates my idea of lisk being a solid option for 2018. In this chart pattern we can see how the market gave a sudden impulsive pattern about a month ago, after that it had a negative trend . When it touched the support it created a new trend that concurs with the elliot waves. After it's corrective pattern it created a impulse x2 to...

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As we can see the bollinger bands showed an important volatility in the previous sudden move of BTS, where I also applied elliot waves in both periods (Jul), current one. As we can see in the current trend there's a high probabilty to be in the presence of an elliot wave cycle here. It had a long down trend since the last corrective elliot correctivity period,...

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Trendline seems possitive for the upcoming days.