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Bollingerbandstrategy

ETH Breaks Through Resistance! What's Next?In this post I'm going to cover important support/resistance levels on Ethereum and where I think we're going from here. As you can see from our last post, ETH rejected perfectly off of the 1229 level and hit our support of 1150 to the tee on Nov 28th! Since then, it's been on a steady uptrend and recently broke that 1229 level and exploded to 1300! The next big resistance I'm looking at is 1367. This was the previous resistance for most of Oct and I can see us rejecting there at least once. Right now we can see the Wave Fusion indicator flashed two Blood Moons which took us from 1315 to 1280. Right now I'm looking at 1274 as being the micro support on the hourly as it also coincides with the trendline support. If that breaks, I'm looking at 1229 to act as our new MAJOR support as it was resistance 3 times in the past week. If we end up breaking that, then I'm afraid we could go all the way down to 1150 again. I'm waiting for a buy signal on Wave Fusion before pulling the trigger but closely watching the three support levels mentioned above. If you have any questions on my technical analysis or indicators used, please leave a comment below or send me a PM :) Thanks for reading!
Long
by CryptoScripts
4
Bitcoin - 🎯 Phoenix Ascending & BBandsHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Bitcoin just closed another weekly candle and the price is currently stabilizing on support zone of $16000. By using two technical indicators together, we can determine which directions most likely next, bullish or bearish. The Bollinger Bands together with Phoenix Ascending also gives a potential specific price target that can likely be anticipated next. Interested in XRPUSDT and other alts? Check out this idea 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
33
ADANI ENTERPRISES LIMITED - Volume Breakout + Bullish on Chart📊 Script: ADANIENT (ADANI ENTERPRISES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY METAL / NIFTY NEXT 50 📊 Sector: Commodities Metals & Mining 📊 Industry: Metals & Minerals Trading Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 67. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 3575.70 🟢 Target 🎯🏆 - 3885 ⚠️ Stoploss ☠️🚫 - 3417 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:ADANIENTLong
by radha_23
3
$NZDUSD | Back To Top Levels?The New Zealand dollar seems to be unphased by the FOMC meeting this afternoon unlike the rest of the markets. Yes it moved up sharply but eventually settled back in its prior position with a little momentum to push back to top resistance points. Let’s zoom in. Several items to note here that are brought to light: – The New Zealand Dollar is currently still above the 200EMA and 365EMA respectively displaying an upward trend which constitutes a BUYing trend. – EXTREME RSI oversold levels reaching 29 and 30 levels displaying almost a double bottom pattern – Multiple broken lower Bollinger Bands instances – Higher highs and higher lows pattern exhibited As soon as I saw this based on my set up rules, this was a natural BUY order for me. My suggestion is to place your take profit should be below the nearest resistance point 0.58660 levels and your stop loss, I’d put under the 200 EMA for good measure near the 0.57990 line. Not financial advice. Hotep & Build (wealth).
Long
by CryptoHotep
Meghmani Finechem Limited - Multiple Indicators📊 Script: MFL (MEGHMANI FINECHEM LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: N/A 📊 Sector: Chemicals 📊 Industry: Specialty Chemicals Key highlights: 💡⚡ This stock pick is according to my study. I have use few indicator that is BOLLINGER BAND MACD RSI DOUBLE MOVING AVERAGE VOLUME 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 76. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1701 🟢 Target 🎯🏆 - 1829 ⚠️ Stoploss ☠️🚫 - 1638 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:EPIGRALLong
by radha_23
2
$DOGE 🐕 | Time For A Breather?I am looking for $DOGE to continue this downside based on a couple of factors here: * Consistently broken upper Bollinger Bands during the upward trend with no short stops * Based on the Fibonacci retracement tool, $DOGE not only hit the 0 point but also a massive rejection from a major resistance zone. * Big engulfing bearish candle (blue arrow) * Extreme over bought levels on the RSI (circled areas) Waiting patiently for the 2nd candle to successfully close under the 0.382 line and enter the “Golden Area” of the Fibonacci retracement tool. From there a SHORT trade is inevitable and an easy landing spot would be for 0.06975 (red line) which is above the nearest short term support that it could bounce from.
COINBASE:DOGEUSDShort
by CryptoHotep
BTC: ~ $ SYSTEMCTL START DEPLOY.CAPITALBTC: ~ $ /PRICE/BOTTOM/STRATEGY.PH Script started on SATURDAY 18 JUN 2022 08:13:33 PM UTC DCA="Weekly" DURATION="Price is sideways" EXCEPTION="BTFD!" $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$ BTC: ~ $ ^C BTC: ~ $ BTC: ~ $ BTC: ~ $ /ETC/INIT.D/WYCKOFF_ACCUMULATIOND STOP Continue? (y): Y DXY.TOP....................................................................................................... BOLlINGER_BAND.SHRINK.................................................................................. BTC: ~ $ BTC: ~ $ SYSTEMCTL START BTC.PAMP -T 30K+ | ECHO "YELLOW_PATTERN" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ #PS: Do you recognize that YELLOW PATTERN? It is copy of the price action from May-August 2021! # I have put it there in June when I felt THE BOTTOM MIGHT BE IN = still nearly mimics it so far =) # Was expecting to see a Lower Low fakeout for the so called "SPRING" to trigger the pump but.... # PURPLE LINE = ATOM -> it has been outperforming BTC and everything last few months! ⚛️🚀
COINBASE:BTCUSDLong
by u3KbPTeH
Bitcoin is reaching a critical stateLooking at the chart analysis, you can see a few things: 1. The Bollinger bands' upper and lower boundaries are squeezing, which likely means a big move is happening. If the price goes over the basis, it will most likely break upwards, while if the price continues being under the basis, then it will most likely break downwards. 2. The “Descending triangle” that has been forming since past month is coming to an end. 3. Bitcoin's volume has been decreasing ever since the descending triangle formed. Due to these occurrences, Bitcoin is about to finally change its direction, and maybe end the sideways motion it had since August. This in turn will change the direction of the Crypto market. This is not investing advice, and I will respect everybody's opinion. Feel free to say what you think about this study. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by lorinstocksinvesting
2
$EURUSD | Quick 150-275 PIPSHere we have the EURUSD at the start of making some higher highs and higher lows highlighted by the blue line. We are also coming up on a couple of deterring factors that have played a role in prior short term move downward that may look to replicate for a quick gain of 100-250 PIPs. Here’s what we can see: * Overall downtrend of the EURO (Dotted blue diagonally) * Consistent higher high and high low pattern beginning (Start from the lowest blue line) * Nearing overbought RSI (Relative Strength Index) levels * Multiple breaks in the upper Bollinger Band (Candlestick circled area) signifying a potential reversal could be upcoming * A clearing of the 200 EMA needs to be made. A SHORT trade here could be justified with the potential to retrace back to levels nearing the 0.97889 area. My suggestion would be to put the your take profit above that area slightly with a stoploss above the resistance area of 0.99059. No major financial or economic events should throw this off.
Short
by CryptoHotep
1
$SUSHI | Similar Fashion Here PotentiallySUSHIUSD has done this pattern similarly if you scroll to the right: breaking Bollinger Bands upper band with extreme levels of over bought in an almost TRIPLE TOP fashion. Plus a decent sized bearish candle that followed. Difference we have here is it's being rejected off of a major resistance zone (drawn off WEEKLY). I think we see the beginning of a downtrend which follows suit with the crypto market in general currently. Potential landing points are the support lines drawn off the daily. A safe trade is the STOP LOSS above the SWING HIGH and take profit above the nearest support line but if an avalanche happens I suspect the 2nd support line to be adequate because you also have to take into account the 20 MA and 50 EMA which would be around that area.
COINBASE:SUSHIUSDShort
by CryptoHotep
1
$GBPUSD | Double Top-ish? The GBPUSD has had a wild ride in the past two weeks. Things are starting to normalize for the pound but here we have a simple 1:1 type of trade potential. We have GBPUSD breaking the upper Bollinger Band twice and not resistance at 1.14339 area. We also have over bought levels on the RSI in a micmic-ing double top like pattern. The only potential saving grace that could change this is the 200 EMA which is currently underneath. We have a couple of landing spots if all goes as planned at 1.133 and 1.125. The 1.13 line has not been respected since September and the latest support line is the latter. My trade is currently highlighted by short position graphic.
Short
by CryptoHotep
SPY Stonks Forecast - Using THE MOST Accurate Indicator🎯Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 To correctly identify the macro phase is to have power - this will eliminate fear and greed, and cancel out the noise you hear from news and "influencers". Looking at SPY, we can clearly identify a bearish trend as the market loses an important support zone and makes lower highs. By using the S&P 500 or the VTI , you can more easily spot the macro trend of the stock market, and which way MOST of the stocks will go. After doing a Fibonacci retracement analysis on the chart, we can see that a major support zone has been lost. Next, technical indicators become useful. By using Phoenix Ascending together with Bollinger Bands, the best of the technical indicators are combined as the Phoenix Ascending includes the RSI, EMA, LSMA and the momentum. All of the prior mentioned are pointing towards more bearish price action in the next few weeks to come. This will link up with an idea on the SPY that I made weeks ago by including the Wyckoff Method to find a potential bottom after the bearish markets: My view has not changed, since market fundamentals remain overall bearish. This however, does make a great time for accumulation. So sack up on those favorite stonks and await the bullish markets to take profits ! Interested in my view on Bitcoin? 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
AMEX:SPYShort
by CryptoCheck-
27
TWITTER - Short position - Overbought at the resistanceLooking at Twitter the chart shows that it´s overbought and is likely to go down. Following the Bollinger Bands we see the price has touched and moved out of the upper band. Following the RSI 14 we see that the RSI went above 70. So both indicators are indicating a move to the downside. According to the earning announcement we expect it will be towards the downside as well. Targets and further details are shown in the chart. Good luck!
NYSE:TWTRShort
by vf_investment
2
$EURUSD | Quick 50-55 PIPSWith EURUSD breaking the lower Bollinger Band & at extreme oversold levels, there may be some relief upcoming for the EURO. Proceed with caution though as several U.S. financial events are happening this week, so I wouldn't advice this to be a long trade which is why my take profit is at the 50-55 PIP mark right below the 20 MA & 50 EMA as well as the most recent short term resistance point. Stop loss is below the lower Bollinger Band as well as the most recent support line. Potential short reversal to the upside here with that confirmation candle noted. The Euro reacts well to these quick set ups so here's hoping. 🤞🏽
Long
by CryptoHotep
$USDCHF | A Ceiling Finally!You can see my last note about USDCHF where I was stopped out unexpectedly only for my initial prediction to come to fruition. Annoying to say the least. We are back at similar times, with extreme overbought levels on the RSI BUT also a MASSIVE rejection at major resistance levels coupling the fact of broken upper band on the Bollinger Band. Let's ride the wave down on this. Looking at a take profit near the next short term support line and stop loss above your swing high. Here we go again!
Short
by CryptoHotep
AUDUSD Swing Upward 200+ PipsWelcome back! Let me know your thoughts in the comments! **AUDUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
8
$DOGE 🐕 | Everywhere Else Is Dumping......Except....DOGEUSD has always been a little bit of anomaly as it relates to the crypto market comparatively. It has always done SOMEWHAT of the opposite of BTCUSD and you can back test that. Does it happen ALL OF THE TIME, no. But it moves in its own trend. Whether thats due to the "Elon Effect" or other parameters, it rides its own wave. Here we have a decent set up to the upside for a quick pop. We have touches and breaks on the lower Bollinger Band and a close above short term support with a long wick up. We were also at extreme sell levels on the RSI. The 20 MA, 200 EMA and 50 EMA are cleared for the time being so following history we can make a quick 25-30%. Risk management I have my stop loss below the swing low. DOGEUSD reacts well to typical set ups like this.
COINBASE:DOGEUSDLong
by CryptoHotep
$ALGO | Potential Move Up To Previous ResistanceALGOUSD was at mid-September levels of being oversold and broke the lower Bollinger Band. I waited on confirmation for this potential reversal to the upside because of this. We had a green candle closing fully above the bottom band and above the most resistant near term support levels. Got in a buy highlighted by LONG POSITION graph with the mindset of taking profit slightly above the 200 EMA which hasn't been respected most recently but BELOW the nearest resistance which has. Will need a decent sized green candle to push through. Stop loss placed below BOTH the lower band and support levels.
COINBASE:ALGOUSDLong
by CryptoHotep
$BTC | Small Pocket for a ShortBTCUSD has reached overbought levels in similar fashion with a confirmation closing below the upper bollinger band to signify the notion of a possible reversal with a possible break of the 200 EMA. There is a little pocket notated by the short position where a quick trade could be made but to be aware of key levels drawn by the blue lines. These levels were drawn off the daily and have touched and been respected at least 2-3 times. Not going against the overall trend here which is still on the downside.
COINBASE:BTCUSDShort
by CryptoHotep
3