WOO is approaching support and a decent buy zone, the target after which would want to see us travel to the overhead resistance once more. The stops would go just below this support line, where the trend would be invalid for sure.
Heres where I think the best place to be taking longs for OMG coin is. Close to the support and the invalidation point. An alternative would be to long the retest after the break of the resistance above. Other than that, we can look for the ichimoku indicator for the long entry. The ichimoku is above the price and cloud on both the 15minute chart and also the 1...
Heres a possible trade option to take with Siacoin. You could try and take entry as close to that support as you can, with a tight top loss just below it (invalidation). Or you could simply wait and long the retest after the break of that horizontal resistance.
I saw someone discussing SRM on twitter so thought Id take a look. There question being.....that they were under water with their trade right now and should they cut it loose. My answer would be yes, cut it loose. You have the attempt to break the overhead resistance, but it is failing, (deviation), bearish signal. also, we are putting pressure here on the...
Righto. Apologies for all the million lines. They all are essential honest. I think the rising channel will break downwards, why? * divergence with volume * divergence with RSI I think the circled area will make for a good long, why? * fibonnaci zone 0.5 to 0.618 (great zone) * potential retest of macro diagonal resistance as support * potential retest of recent...
It is now time to sit on our hands and wait for a good entry for IMX. This rising ascending wedge technically wants to break down (and it has), ultimately constituting a bear flag pattern, that will now continue the preceding down trend. If bitcoin were to nuke downwards, then the local low here (bottom of the range) would be a great place to sit. Option 1 and...
What do you think, which is the better trend line...... The line that accounts to the tip of the wicks, or the other which ultimately accounts for the body of the candles. I do like the more shallow trend line, simply because that one for me would innately be less risky for longs. MANA lost its steep upsloping trend line and then was retested. We go down now,...
Heres some options for longs on KNC. There uptrend that we have seen here in the diagonal, is getting some pressure and may soon break down. As result would be looking for good areas to take longs. The 0.618 line here looks very good, but i accept that price action could well carry on down towards the bottom of the range. Will have to see how prices respond to...
Here is my suggested buy zone. With bitcoin looking bearish, things could go south very quickly. Spreading buys accross this area could be a good move.
Heres my thoughts on a little IMX short. Mindful as always of what bitcoin is doing, but bitcoin has move back into resistance right now. Targets at support/resistance below.
MATIC saw a break of resistance and then did a sort of retest. Before continuing. From how the price action is shaping up, I don think it would hurt to wait to see a decent retest of that resistance and see it turned to support, before a continuation. Can take a long here with minimal risk.
Setup for XRP. Zooming out we broke the recent low's but if price action can come back inside, it will create a nice deviation outside of the range low and be very bullish, marking the bottom. Zooming in here on the lower time frame, we see a possible inverse head and shoulders. Need to create a new higher low and the right shoulder, which would make for a good...
Heres the short term MANA path to success. Looking for a break overhead and then a retest. The 1 hour ichimoku looks ranging and price action/cloud/lagging strand all intertwined. The 4 hour ichimoku looks like price action is on the verge of breaking above the cloud. Get 1hr price action and lagging strand above the cloud (and price action), and the 4hour...
I like 1INCH. I think they are a good team and I ca see them having a positive future. Chart wise, it managed to breakout from the falling broadening wedge. Its not trying to hold the resistance as support. Play 1 What i would really like to see is the consolidation get stronger and stronger, and for the price action to creep up towards the overhead resistance...
Diagonal support is a clear area to take longs with short stops just below. Although if bitcoin nukes we could see the price wick below support. *WOO/USDt* We've the formation of a nice inverse head and shoulders on the longer time frame. Just waiting for the possible formation of the right shoulder and to stay above the support below (up trend intact). Taking...
We have touched the overhead resistance 3/4 times now. Looking for some consolidation here, and grinding up against the resistance more and more, before a break out. Down below on the upsloping support line would be a sensible place to take a long; with an easy invalidation/stop loss just below. Good luck everyone!
Heres my take on the NEAR chart and the possible opportunity there. Looking at the green box to take longs, and then stops below. Looking for the price to get back to the overhead horizontal resistance, and then some consolidation.
Looking to take longs on a higher low here for AUDIO. Not a chart I am that familiar with tbh, and there doesn't seem to feel like there is much volume going on at all. Overhead resistance is like a double line. Open to comments on this, the higher line basically touches the wicks of the preceding price action and then the lower resistance catches more...