AVAX/USDT gave a bullish signal 2 days ago. UpdateIn the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
Two candlesticks before, the background of the candlestick closed green with an upwards pointing pink arrow. Which indicated a possible bullish (up)trend.
Since then the price has gone higher. Will it break ATH?
The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And it formed its 7th 4 days ago.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
Trendfollowing
Does XRP dream of becoming doubledigits?Hello dear friends
Does xrp dream of becoming double digits?
Given the validity of the triangle floor support that has been preserved so far, probably yes
I think if the market does not fall sharply, this coin can move towards targets above $ 10 after breaking the downtrend line.
In the absence of BTC and market support and a sharp fall, the support of the triangle floor is very likely to break, and this analysis is invalid.
******Appropriate entry points for supports and resistances according to the chart*******
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Be generous and rich.
AVAX/USDT starting to look bullish. Time to long? In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. I want to see more confirmation of this possible trend before making an entry. To enter a trade placing an order a few ticks above the candle high would be sensible. The idea behind this, is that we only want to enter a trade when it has shown a trend continuation.
The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And it's forming its 7th today. It still has over more than 1 day and 7 hours before candle close.
Is AVAX gonna be making a new ATH? I'll be watching AVAX like a hawk.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
Should We Be Sleeping On Bitcoin?Bitcoin appears to be sleeping right now, but should we be sleeping on Bitcoin
because when it is ready to take off, we will not be given much notice as we
have experienced in the past.
We should always keep an eye on the market and read the information that
price is providing for us. To the naked eye, Bitcoin does not look interesting
as we can see price has been stuck in a range between around $30,000 - $65,000.
We can also see that despite price being in a range and moving sideways, price is
creating higher lows and being helped on by the 50 simple moving average.
As the high has remained around the same level ($65,000), the higher lows should
eventually force price into a tight squeeze. What we can expect following a squeeze
is a strong breakout, either above $65,000 or below the 50 simple moving average.
The bias is for a breakout to the upside as price was bullish prior to consolidation.
If a breakout occurs, we can expect a strong move in this crypto.
This is why we do not want to be sleeping on Bitcoin and other assets from any
market that is behaving similar.
As for now, patience is required and attention to detail because most of the
information we need is provided by price.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Bitcoin Consolidates - Rally Pending?Bitcoin has not made much progress since the decline from April 2021. Price suddenly
fell 56% over the course of a few weeks to the weekly 50 simple moving average,
which at the time was around the $30,000 round number.
Following the bounce in July 2021, price headed back to the high from April and
made contact in October 2021, where it failed to break and stay above the April
high at $64,895.
Another attempt was made in November 2021, making it slightly higher but failed
as well and price has now come back to the 50 simple moving average.
This indicator has held as support in the past and is currently holding price up.
Time will tell if it holds strong again. As for now, we just have to wait patiently,
and if this coin can find strength, we should see a bullish rally in the overall
crypto market.
When price consolidates, standing aside is the best course of action.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
S&P 500 Falls To Next Support Level!The current pullback we are experiencing in the S&P 500 is almost as deep
as the pullback in September, having declined 5.11% so far.
At the moment, the 50 simple moving average is holding as support. If this
level fails, then we have the 200 simple moving average below, but price
will have to decline a further 5% to reach it.
A decline that far will see lots of profit given back to the market, but we
should see a resumption of the overall bull trend over the long term.
The main thing to consider is that the overall trend from March 2020 is still
bullish and creating higher highs and higher lows.
Once price breaks and closes above the recent high from November 22nd
at $4743, we anticipate a move towards the $5000 round number.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
#IBULHSGFIN Looks bullish from current levels of 250 #IBULHSGFIN Looks bullish from current levels of 250 for target of 300 SL at 200.
ASX 200 @ 1 Dec 2021Text me if you have any questions/comments for me.
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In the last Market Watch analysis done on 2 November (red dash line), I wrote that I would avoid the big caps (eg. Blue Chips, ASX 200 constituents) while being more selective with my purchases. Since then, the ASX 200 tested and failed to break the 7450 resistance and is now falling towards the strong support zone near 7200 levels (orange line).
The ASX 200 previously rebounded from this support zone and another rebound would be good. The index is also testing the long-term average. Judging by its historical performance, I can’t say that the long-term average is a very strong support.
Since 1 Dec 2017 (blue dash line), the ASX 200 has only rebounded of the long-term support 2 times (blue arrows). The red arrows were when the index was rejected by the long-term average. This does show that the index does at least respond to long-term average – albeit not often as a support.
The red thumbs downs were periods when the index just fell through the long-term support. My huge concern is whether the ASX 200 will fall below the 7200-support zone. If it breaks this support, the overall market will likely be in a world of pain for at least a few weeks.
The US market hasn’t really shown convincing signs of a strong rebound. If a strong retracement takes place over the coming days in the US, I have a strong feeling that the ASX 200 will fall off the support that it is sitting on. Our best-case scenario is that the US creates a new all-time high in the next couple of weeks and the ASX 200 will take the hint and slowly rebound again.
With the integrity of our politicians being called into question and the federal election happening in less than 6 months, the markets will continue to be in state of flux. Rising inflation and potential Omicron scares will continue to disrupt the economic recovery.
In last Saturday’s FB livestream, I explained around the 17-minute mark how the US and Australia markets’ movements is signalling that there is a lack of confidence in the ASX market. Personally, I have reduced my trading portfolio from 6-8 stocks down to 3 stocks. I’m increasingly being more selective in my purchases as sometimes, doing nothing in the market is a form of capital preservation.
How about you? Are you optimistic or pessimistic on the ASX market over the coming 6 months? Are you aggressively buying now or waiting for stronger rebounds or retracements?
Markets on the brink and NQ analasis. thoughts from your favorite Irish sister and brother:
We might be going to a true bear market soon. Our algo is showing more activity in the bear settings. The more volatility setting and shorter times frame are strong profits, while less volatility longer times frame still show profits though less than was. In next week we will know more data about whether moving to bear or remain bull. but right here we hedge about 1/3. Our algo predict last bear market in 2020 March.
Yesterday our trade hit NQ targets on the bollocks (see link below). Today we have new bull/bear line in yellow at 16311. Yesterday we break out of downwedge to now open up wedge maybe meaning more volatility.
if yellow line holds as support with retest go long for the 3 targets for profit shown
If yellow line breaks and holds for resistance go short for the 3 targets for profit shown.
happy trading to all. and please be kind to each other
Love from sister and brother Bunny.
S&P Recovers From Friday's 1.56% DeclineThe S&P 500 closed Friday with a huge bearish candle, and price found itself
suspended between the 20 & 50 simple moving averages.
The next logical level for price to move to was the 50 simple moving average,
which is the next support level on the daily timeframe.
Price had other ideas as Monday opened higher than Friday’s close and near
the middle of the candle. We will now have to see how the week goes.
Price right now has moved below the 20 simple moving averages, which was
previously acting as support. This indicator has now become resistance and
should be broken soon if the uptrend momentum continues to strengthen.
Despite the recent bearish moves, the market remains in an overall uptrend,
and we continue to look for bullish UK and US stocks.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
S&P 500 Fake Breakout!Last week's previous post for the S&P 500, the all-time high at $4718 was highlighted
as the level we want to see broken to confirm a trend continuation.
Price did in fact break this level on November 22nd, but this proved to be a fake
breakout. Price moved above $4718 but failed to close above this price.
We can see a mini consolidation in play now, and just below we have the
20 simple moving average.
The 20sma appears to be holding price up for now and providing a level of
support. We now want this to be followed by a bounce and another attempt
at the $4718 resistance level.
As a new high was created during the fake breakout, we now need to see
a break and close above $4743 to confirm a trend continuation.
The overall trend remains bullish, so we are anticipating a breakout to
the upside sooner or later.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
GBPUSD LOOKING FOR STOP HUNTS?I always advice traders to either trade the trend, or enter a counter trend entry only when a common chart pattern is forming such as the double-bottom or top, head and shoulders so that you may be confident in your entry.
This trade setup suggests that we are simply moving with the downtrend, since there is no sign of trend reversal as yet.
DISCLAIMER: Trading involves risks, and this setup does not constitute trading advice enter at your own risk!!!!!!!!!!!!!
EURUSD long so far so good 📈👀As stated in my last idea I'm ending today sharing some trades I still have running.
We are using our trend following EDGE strategy for this trade.
Entry details are shown on the chart trade.
Trade has been live since 12:00 UK time,
Working the H1 time frame here and we're only looking for TP3 looking for a 98 pip move to hit that target.
This is a 1:5 RR strategy so natuallry the win rate is lower than some other ideas I post on my page.
Win rate isn't everything in trading and despite the 28% win rate this strategy has as you will see it still makes profit.
1% risked each time but 5% gained on the trades that win see this strategy still return profit.
The trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
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No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
XLM - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XLM is overall bullish trading inside the blue channel and now approaching the lower blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: XLM is forming a trendline (in red) and an inverse head and shoulders pattern (in orange) but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XLM would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZD/USD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup!
NZD/USD:Daytrade-Preparation
Market-Sell: 0.70440
Stop-Loss: 0.70605
Point of Risk-Reduction: 0.70300
Take-Profit: 0.69860
Stop-Loss: 15 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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TLS @ 18 NOV 2021Text me if you have any questions/comments for me.
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TLS
- Previous analysis was done on 23 Sep (red arrow) - Suggested waiting for a successful breakout of $4 resistance before plotting entry
- Since then, the stock retraced back to re-test the 3.70 support levels and slowly rebounded
- Today, it successfully broke out with above average volume
- Next overhead resistance looks to be around 4.50 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock can have a sustained breakout
SHJ @ 18 NOV 2021Text me if you have any questions/comments for me.
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SHJ
- First time doing an analysis on SHJ
- Stock doesn’t have a good history of strong volatile uptrend, but it does respect the short-term support a lot
- Recent retracement back to the short-term support is a good sign
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock is capable of forming a new high
KAR @ 18 NOV 2021Text me if you have any questions/comments for me.
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KAR
- First time doing an analysis on KAR
- Stock doesn’t have a good history of uptrends
- The good uptrend only started during the covid pandemic in March 2020
- The recent retracement back to the short-term support could provide a good opportunity for entry
- A successful rebound look to be around 1.88 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
IMU @ 18 NOV 2021Text me if you have any questions/comments for me.
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IMU
- Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful rebound around 47.5 cents before plotting entry
- Since then, the stock has created a new high, retraced, and looks to be rebounding off the short-term support
- If have taken the entry suggestion, you should be having roughly 19% gains in roughly 3 weeks
- A successful rebound look to be around 60 cents
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
CMM @ 18 NOV 2021Text me if you have any questions/comments for me.
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CMM
- Previous analysis was done on 2 Nov (red arrow) – suggested plotting entry at 2.65 levels if believe the stock can create new all-time highs
- Since then, the stock created a new all-time high and looks to be retracing back to the short-term support
- If have taken the entry suggestion, you should be having roughly 7% gains within 2 weeks
- Today’s retracement looks to be providing another nice opportunity for entry
- A successful rebound would be when the stock recovers to around $3 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
AZL @ 18 NOV 2021Text me if you have any questions/comments for me.
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AZL
- First time doing an analysis on AZL
- Stock doesn’t have a good history of uptrends
- Since stock IPO-ed in 1990, it has had periods with sudden exponential price movements that can give very good gains and very bad losses all in a short period -> not a stock that would fit conservative traders/investors
- After the recent push from mid-Oct 2021 to a 4.5 year high, the stock is close to it’s psychological support of 10 cents
- A successful rebound look to be around 13 cents
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with huge price swings
AEF @ 18 NOV 2021Text me if you have any questions/comments for me.
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AEF
- First time doing an analysis on AEF
- Has a good history of strong uptrends
- Looks to have a strong support at the short-term average but occasionally retraces all the way back to the mid-term support
- Recent price action looks to be a sideways consolidation instead of a retracement
- Another test of the short-term support will be good
- Successful rebound looks to be around 14.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs