I believe it is most likely that EOS will bounce off of the 50 W MA and hit the TL. Then it will continue on it's downward trend, possibly bouncing again on the 50 W MA and eventually breaking through. It will then Break through the S/R level in the boxed zone due to so many tests. A good play would be to short a retest of this S/R level after the possible flip.
Going long her due to hidden Bearish bull div, Kijun bounce, and a bullish hammer candlestick close.
I have recently been debating whether to use single or double ichimoku settings. I have inspiration coming from both Chaos Trader 63 (classical Ichimoku Chartist single settings)( 9, 26, 52, 26) and Josh O. (uses double Ichi setting 20, 60,120, 30 (derived from increasing the numbers to account for crypto being 24/7 365 compared to different times on Legacy...
I am longing here due to the trendline support and support of the Kijun. If there is a close below the Kijun I will exit the trade manually.
I have started using Ichimoku along with Heiken Ashi Candles to get a sense of the trend. I will be using the fractals and just below the kijun as stop losses. In this strategy, the cloud and price relative to the cloud give the big picture of the trend and the Tenkan and Kijun lines are a picture of trend in the moment. I am not totally sure whether to involve...
I should not have taken this trade yesterday. Horrible R:R due to probable Bear Div and Monthly resistance
EOS continues to climb lower. I use Chaos trader 63 systems along with RSI to show momentum and HK candles to indicate short term trend. I took this trade yesterday and I'm using this platform as a journal. Gotta stay on track next chart
Volume increase at ends of range. Playing long side near bottom of range with increased volume, RSI and OBV bull divs, and long wick confirmation candle.
The next four hours will determine if I enter a trade on NEO. If the RSI clears its previous high with a bull divs along with OBV divs on this historic support/Resitance level I will enter.
Possible Buy levels are Thick Green Horizontal Levels. Weekly closed just below the triangle. A daily close below 6500 will negate a "triple bottom" and signal a long-term bear market and destroy the chance of any Bullish senario in 2018. If that happens I will go flat and start to short this market.
A bull div on the 3 day or on the weekly would make it more probable of a bullish breakout. Refer to chart for rest of analysis and setup.
Simple chart formation setup. Buy Bottom of formation and sell the top. Let a small amount of position ride. Personally I think this formation looks like a bull pennant, or a symmetrical triangle of some sort. Best of luck.
With the 200 MA as support along the lower side of the formation, the looks of a Bullish pennant and good fundamentals I think 0x will continue on its bullish trend.
NEO has been grinding this support zone for a while. I thought I had maybe lost my chance a bit earlier, but i resisted the FOMO and am now buying in the zone.
All parts of Single ichi setting bullish and all bullish on double settings except bearish cloud. Also support along the 50 MA and 100 MA. Placing stop close below the cloud.
Refer to charts for entry and targets. Double Ichimoku Clouds still Bullish overall. Entry supported by Lower side of wedge and Double Settings Kumo.