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Trendreversal

DOT/USDT Bounce at 10.5$ leads to trend reversal?Polkadot crashed hard during April and did not recover since. However, during July we did see a bounce at 10.5$ and DOT did break the series of lower highs for the daily RSI. Volume increased as well which is an additional sign. Now DOT moves into the 15-16$ range where we look for an upper breakout in price considering the downtrend. Once we turned the 15$ into support we take the trend reversal of DOT as confirmed. On the 4h chart we can expect to see a golden cross soon. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
1
Double EMA (DEMA) From ScratchHello, traders! Today we’ll speak about the most trivial, but very useful indicator that’s called DEMA. As you know, moving average is a backbone of 90% complicated indicators. It’s able to give lots of information about the price action. Well, let’s speak about it. The double exponential moving average (DEMA) is a technical indicator introduced by Patrick Mulloy in his January 1994 article "Smoothing Data With Faster Moving Averages" in Technical Analysis of Stocks & Commodities magazine. The DEMA uses two exponential moving averages (EMAs) to eliminate lag, as some traders view lag as a problem. The DEMA is used in a similar way to traditional moving averages (MA), but DEMAs react quicker than traditional MAs. How to use DEMA? -The average helps confirm uptrends when the price is above the average, and helps confirm downtrends when the price is below the average. When the price crosses the average that may signal a trend change. -Indicate areas of support or resistance. -Cross overs of 2 DEMAs. We sometimes draw fast DEMA(20) and slow DEMA(50). When the fast line crosses the slow below, it’s a bearish signal, when above - bullish. It’s consider to be a good entering signal. However, we shouldn’t forget that the indicator is still lagging. Guys, I should remember you that every indicator shouldn’t be used in solo. You should only use them in conjunction with other indictor when they confirm each other. I hope, this knowledge will boost your trading skills and make your trading staff more interesting and profitable. Have a nice day, dear traders.
Education
by Skyrexio
1
LINAUSDT Early Buy for Trend Reversal!!BINANCE:LINAUSDT The main reason for the buy plan is the Libra pattern. The swing analyses indicate that there might be a trend reversal but before the massive buy which is probably the 3rd wave of the Elliot, there should be a fair price. The fair price is 0.03 we guess which is also the fib retracement level! Around the fair price, we will be seeking a price action signal that enough to trigger all buyers in the market and will be targeting the last higher point for the half portion of our order. After the first target, if the trend will continue we will be in it! Stops should be tightened because the lowest point is so far to build an appropriate risk/reward correlation.
FTX:LINAUSDLong
by crewkaboom
Gold battles recovery point on US NFP DayGold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data. The expected recovery in the headline Nonfarm Payrolls (NFP), coupled with the forecasts of downbeat Unemployment Rate, keep weighing on the metal prices. However, firmer RSI and MACD’s teasing of bulls may propel gold prices in case of a negative surprise from the stated jobs report. It should, however, be noted that a clear upside break of $1,780 immediate hurdle needs to cross the $1,817-20 area comprising the previous support line and 200-EMA to consolidate the previous month’s losses and regain the $1,800 threshold. Meanwhile, a downside break of the recent low near $1,750 has hopes to bounce off mid-April lows near $1,723, not to forget mentioning the immediate support close to $1,763. In a case where gold remains depressed below $1,723, the $1,700 psychological magnet may test the bears ahead of directing them to the double bottoms marked March around $1,677. Overall, gold sellers seem tired and hence any surprises from the US data should be reacted with wider moves.
OANDA:XAUUSDLong
by MTradingGlobal
Silver floats above $25.65-60 key support, 100-DMA eyedSilver’s first weekly gain in four portrays the metal’s gradual recovery from 200-DMA and 61.8% Fibonacci retracement April-May upside. Not only the price but the RSI line also inches up from the oversold area, which in turn suggesting the firmer bullish bias. However, 100-DMA near $26.55 becomes the key hurdle to convince the silver buyers. It’s worth noting that the 50% Fibonacci retracement near $26.25 guards the bright metal’s immediate upside whereas the early month low near $27.00 will lure the bulls past $26.55 breakout. Meanwhile, a daily closing below the $25.65-60 support confluence will aim for the mid-April lows near $24.65. Though, the $25.00 threshold may offer an intermediate halt during the fall. Even if RSI conditions don’t permit the metal’s declines below $24.65, any further losses will attack the yearly low marked in March near $23.75. Overall, silver seems to consolidate the monthly losses during the quarter-end days and hence the corrective pullback may prevail during the next week.
OANDA:XAGUSDLong
by MTradingGlobal
A reversal on EURUSD? Is it time to buy?In the last few days we saw a sharp drop on EURUSD. We can see a strong USD pretty much everywhere after the news from FED. Price has now reached significant support levels and it's important what will happen next. On EURUSD we're expecting a test of next support level in the 1,1850 zone, where we could see price slowing down and possibly going back up to 1,2000! Entries to be made only when you have a rejection of support and candle close with a long wicks! Follow us for more opportunities!
Long
by ForexTrendline
4
Possible Trend Reversal for NZDUSDLooking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight. Focusing on the 4H, price is beginning to break market structure that signals bearish bias. I've outlined a level of significance that would trigger a bearish break of market structure. If price manages to break this level, it is showing the presence of sellers and I'll wait for a retest before executing sell orders. But for now, have my alert set under the level and just waiting.
Short
by CapitalHillFX
Possible Reversal Setup on USDCAD On UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point. Looking at the 4H timeframe, we could see that price is having difficulty breaking the current support level to continue bearish structure. This could identify that sellers cannot take over and buyers could come into play soon. I've identified a significant resistance level that could be useful in the future. If price manages to break this resistance level, I'll be looking for more uptrend structure before trying to capitalize on the bullish reversal. For now, just patience.
Long
by CapitalHillFX
Bitcoin back on the upswing?Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that: Bitcoin has broken out of the triangle to the upside The MACD's histogram has been moving in a positive direction since the 19th of May The RSI left oversold territory and has stayed above 30 - indicating upward momentum The MACD has crossed the signal line - indicating upward momentum However, the $40,000 line is not only a historic resistance level, but it is also a psychology significant number. It would be great news if we were to break that 40k level. And as we have learned about Bitcoin, the news can have a MAJOR affect on the price of bitcoin. There is also the 200 day MA to contend with. There will still be bearish sentiment in the market as long as we are under that level. We are "In a bear market" according to many. So if Bitcoin does not break 40k, and does not break the 200 day moving average, than we could see another retracement back down. This is all in the short term though. Since the beginning of the year and continuing now, there has been huge institutional investment into Bitcoin. I am not sure where bitcoin is headed in the next month or two but, I'd be shocked if it does not hit 100k by the end of the year. Thank you for reading! Please check out my guides on how to read different indicators linked below. Be sure to Like, Comment, and Follow for more!
by zsamochin
6
Possible Reversal Setup for EURUSDLooking at EurUsd, we could be seeing a potential reversal setup. Looking at the larger timeframes, price is in a bearish downtrend channel. I've created a non-horizontal resistance/support levels to use for context. Price is currently sitting at the monthly non-horizontal resistance level, signaling long-term sell opportunities. Scoping into the 4H, we could see that price is having difficulty to try and break the current resistance level. This cease of creating new higher highs could signal to us that our reversal could be coming soon. If price drops below the current support level and begins to create some downtrend structure, we could start changing our bias to bearish. But just patience to wait and see what she does for now.
Short
by CapitalHillFX
Possible Trend Reversal on GBPUSDOn GbpUsd, I'm still anticipating a trend reversal of some sort. Even though the triple top pattern didn't play out, it seems as if the weekly resistance level is holding up very well. Price has tested the level almost 6 times, with no success of closing past it. This is showing me that price is having a real difficult time continuing it's bullish trend, and could possibly be in store for a reversal. Considering price is ranging between the weekly resistance and significant suport level, I'll still be awaiting a bearish movement past the support level to trigger a bearish reversal. For now, just patience.
Short
by CapitalHillFX
GBPUSD-Weekly Market Analysis-Jun21,Wk1If you have been waiting for the Bearish Bat shorting opportunity(chart at the bottom) and you had missed it, well, it looks like a better opportunity might present itself for a trading opportunity. After the candlestick pattern has confirmed, I will short the Bearish Shark Pattern at 1.4228 regions for a counter-trend or trend reversal opportunity. Coincidently, my student has the same view on the GBPUSD market movement, you can check out his analysis below.
Short
by RaynLim
1
Possible Reversal Setup on USDCADOn UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point. Looking at the daily timeframe, we could see that price is having difficulty breaking the current support level to continue bearish structure. This could identify that sellers cannot take over and buyers could come into play soon. I've identified a significant resistance level that could be useful in the future. If price manages to break this resistance level, I'll be looking for more uptrend structure before trying to capitalize on the bullish reversal. For now, just patience.
Long
by CapitalHillFX