With the price of ETH currently at the support of both the 100 day SMA and the trendline of an ascending triangle (which is a reversal sign in itself), this price area presents a high probability of sparking a rally in ETH.
Retracement looking complete on daily timeframe. Price action looks set for bullish run to at least $20
After a break below support on the daily TF, this pair has now approached this level for a test. I expect this pair to reject the level as resistance before continuation to the downside and creation a lower low on the daily TF. On the 4hr TF, the pair is forming a head and shoulder at the area where daily resistance is expected. This chart pattern presents a good...
After a break-out from 4hr rising wedge, I expect a test of structure then further continuation to the downside for the creation of a lower low on the daily chart. Entry order is set inside confluence zone with Fibonacci and market structure confluences, target is set a few pips above 127.2% fib extension of daily retracement. In case of slippage, I expect the...
After breaking below 4hr structure, I expect pair to re-test structure; and then I expect the pair to reject the resistance area (with Fibonacci, trend line and market structure confluences) before continuation lower to form of a daily lower low.
After breaking above resistance on the daily chart, I expect the pair to test the area before upward continuation. On the 4hr chart, this area (i.e. previous daily resistance that should act as support when the market goes for a test) has several confluences that make it a meaningful area to place a pending order. Target has been taken from the 38.2% fib on the...
After completing a head and shoulder pattern on the daily time frame; and breaking below the neck line of the pattern and re-testing said neck line, I expect the pair to continue downward from the zone, after completing what I believe is a manipulation. Target is taken from previous resistance (which should now turn support) on weekly time frame; this zone is...
After breaking the support on the 1hr chart, I expect more continuation downward after the pair re-tests confluence area of resistance.
After a, now confirmed, fake break out of the support, I expect the pair to re-test the support and break out of it's current range
Same trade with previous idea (linked below), I however failed to reflect my adjusted SL in the earlier idea; check previous idea for explanation. I would give another update if another entry opportunity presents itself.
After a close below daily support zone, I expect this pair to re-test the zone; and for the zone to hold as resistance before continuing downward. What's interesting is that the zone where the daily resistance (broken support) should be, has several confluences on the 4hr chart, that makes it a good zone to be looking at for an entry (all these confluences have...
After a deceleration and change of structure, expect this pair to make a retracement back into the confluence area of support (former resistance) and the 38.2% Fibonacci level, and continue upwards. Target is taken from the weekly time frame
After a deceleration and an imminent change of structure, I expect this pair to reverse its uptrend and head downward. If the current candle closes below the 4hr structure, a sell limit order would be placed and target would be set at a level with multiple time frame Fibonacci confluences
After a fake breakout of the 4hr trend line (manipulation?), I expect this pair to re-test line before continuing higher. I would take this trade, via a buy limit order which would be placed in a confluence area with a 4hr trend line, market structure support and 50% fib level.
After completing an impulse and correction on the daily chart, I expect this pair to make another impulse and create a lower low. Considering that the pair is currently inside a resistance area with strong market structure and Fibonacci confluence, it is a good time to monitor price action development on lower time frames to find a good entry. A good swing target...
With this pair having completed an impulse and correction on the weekly chart, we can look forward to the next swing leg in the market; which should be an ATTEMPT by the pair to create another impulse and a higher high on the weekly chart. On the daily chart, this pair has just broken (and closed) above previous resistance; thus presenting a good opportunity to...
After breaking out of 4hr wedge pattern, expect pair to retest trend line (with Fibonacci and market structure confluence) then continue downward
After a break and close below that was followed by a close back above and retest of lower part of consolidation channel, this pair has confirmed the fake breakout and is now well placed with an opportunity to ride the next swing leg and the creation of a higher high on the daily TF. Target can be set at the 127.2% fib extension taken on the retracement. Entry can...