I have spotted an interesting trade setup on EURAUD - it looks like we are bouncing from the support @1.57257 and heading towards resistance @1.58 and 1.58416 (these levels are approximate, please don't take them literally). You can see that EURAUD is moving sideways from 25th June - which makes this range very strong. I personally opened long positions: SL:...
I identified downtrend channel on GBPUSD with a few confirmations - we broke important resistance level and also fundamentals play along - weak CPI data from yesterday. It is a good idea to enter short trades on the upper bound of the mentioned channel. resistance level @1.30515 fundaments - weak data from Britain: July 18th - Great Britain Core Consumer Price...
We can see very interesting setup - downtrend MA crossover of 22 and 44-days MA. I drew Fibonacci retracements and for us important levels are 50% and 61,8%. For those who want to risk more - they can long from with tagets on these levels. For the conservative ones - these levels could be great entries for short trade. Trade safe !
On H1 we can see bullish MA crossover built by 22 and 44 EMA. As usually I used the technique with swing high and swing low before and after the cross. Then I drew Fibonacci and looked for entry levels - this time we went to 38.2%, hopefully this level holds. If that is the case, we should grow to 121.7% or even 161.8%. I personally stay with 121.7% TP. We can put...
I noticed a few important things. First - downtrend channel has been broken. Second - there is a new uptrend channel forming - I drew it with help of preliminary trendline. I suppose it is a wise idea to stay in long in ETH. New buys at lower edge of channel and don't forget some reasonable stoploss.
Just a quick thought - I see a nice enter for short trade right now.
I think now is great time to go for a long trade on WAVES. Why? Because we are pretty near to very strong support and the downtrend channel was broken upwards. Awesome RRR. Im definitely in.
I can see a few interesting things on BCHUSD - we still continue in downtrend channel and if we use Andrew's Pitchfork, we can see also nice middle area. There is a possibility to go short now - this move is supported also by the fact we are at upper bound of Bollinger band on H1. If I am wrong, we can still go short on uppper bound of channel/pitchfork. As soon...
Just a thought - we can see a nice bounce to the upside, it could be interesting to enter some long trades, at least for a short time :)
I can see a very bullish setup for BTCUSD. We can see multiple bullish signs - bullish MA crossover, bullish flag and also mildly increasing trendline acting as support. It is a good idea to open long trades in the lower areas of flag.
Well, maybe Im just too big optimist, but @4H I see the downtrend, which was broken. Now I would say we are going sideways, but it could be interesting to hold the coins for mid-term. If we look on fundamental side of the equation - WAVES is very interesting coin with own decentralized exchange and many interesting features and very important - a platform for...
We can see a clear Bullish flag pattern. With a combination of bullish MA cross it is a good idea to go long in lower parts of flag. I expect to see breakout upward soon.
There are a few bullish signs on DASHNBTC right now. On D1 we can see bullish pennant, which was broken upside. On H1 there is bullish MA cross and also we can see the price respecting Andrew's Pitchfork (the lowest line). Im holding my long positions for targets @0.075, @0.089, @0.110.
We can see many patterns at the moment - I personally can see descending triangle and bullish pennant. The important thing we have a strong support just below the triangle. I expect the breakout over upper trendline, which forms the triangle/pennant. If that happens, we should go pretty steep up. It can be good time to enter the trade at the moment.
We can see forming a bullish triangle pattern - I expect breaking the upper resistance soon. Very nice bullish setup - a good idea to enter the long positions in dips.
I opened some long positions on WAVES. Looks like we should take off from support - we have the lower barrier @0.00065
I think we can clearly see bullish flag on XEMBTC. I see now two courses of action - 1. go short with target on the lower bound of flag 2. long from the lower bound. If you decide for the 1st option, be careful about upside breakouts.
I can see a nice range and I'm waiting for sell limit @0.01811745 with SL slightly above the sell zone. I think we don't have now very clear support and resistance lines, rather support and resistance zones, where is a good idea to enter positions in both ways. I'm curious about your opinions :)