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Congestion_channel

SPX: CONGESTION! Is it a good time to buy? 🤔• As we expected, it seems the index is trapped inside a channel, in the 1h chart; • We identified this channel in my last public analysis, yesterday – link below this post; • Now, the SPX is just heading to the next resistance, which is the upper line; • The 21 EMA is completely flat, indicating nothing but short-term congestion; • In this scenario, only a clear breakout (to any direction) might change things. For now, there's nothing much to do. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
Ok, NIO hit our first target! What now? 🎯We detected this bearish divergence on the RSI just in time! Now NIO hit the first target we talked about yesterday, but we have some things to say before anything else. NIO has been duplicating the amplitude of its congestions each day, as the black arrows show us. And this indicates that the trend is bearish, at least for now. But NIO was oversold today, and the RSI almost hit the 30 level. This made the stock go up, along with the 20ma in the 4h chart: Yes, we hit the 20ma, but the RSI has an advanced breakdown now (yesterday was only a divergence). This makes me wonder if we’ll see a correction to the 20ma in the daily chart or not. In theory, the 20ma in the 4h chart should hold NIO, but the RSI tell me it can drop a little bit more. All of this makes me cautious about NIO, and I’ll wait for a better opportunity to trade it. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
4
Trading on support resistence levels sideways tradingHello, this is my fist published idea. I'm a beginner trader, but at the moment I'm happy with my first 3 months trading results. I'd like to share this idea to know your opinion and maybe to have some tips to improve it, and of course I'm not inviting anybody to copy this idea. This is actually a personal esperiment, where I'm investing a little part of my portfolio Let's start: 1. I've choosen a project that I love and trust 2. I don't mind to set a stop loss until we're in the bull market 3. I will anyway Hold a certain quantity of those coins, having a bit more ADA than expected is not going to ruin my major risk management and exit strategies. 4. I am a beginner, so I wold appreciate any productive tip. I started with the following amaount: 400USDT and 400$ worth in ADA As you can see on my chart you can find 4 couples of prices, every couple of lines has the same colour. The strategy is really easy: once the price reaches the lower line of each couple, a buy order is set (eg 50/100USDT), only once, until the price reaches the higher line of the couple, where a sell order of the same amount of USDT is filled, then i repeat the procedure for every couple until we're still in a sideways market Now I'd like to know if some of you alredy tried this srategy and if it has a name, as id like to find a bot that helps me to manage the smallest and quickest movements and taking advantage of those. Thanks for reading and for any help provided Fabiano
by mancio93
BTCUSD swing trade for Breakout or Pull-back on CongestionBTCUSD has been playing a little stalemate with us as of the past week. As evidenced by the green parallel, there has been a strong trend upward since the Covid pullback, but that trend has become weak in recent days due to sideways price movement. Timing a breakout or pullback can be difficult, but I've set some price guidelines where the congestion channel intersects with the uptrend channel. Depending on which of these prices BTC hits next, we should expect a breakout or pullback.
BITSTAMP:BTCUSD
by formalrisk
EURJPY finally leaving the congestion phase?EURJPY has been trading in a very tight range since the beginning of the trading week. With the setup of the moving averages that is about to turn bearish and with a strong down-movement behind the box, I am looking for a good opportunity to enter a short position. I'm going to wait for the price to enter the upper part of the range, then wait for a signal that sellers are again there and then open my short position, trading a rejection first, followed by a breakout. I'm probably going to structure the trade with two take profits: the first one at the bottom of the range, with the logic of rejection. The second one will be outside the range, calculating the size of the congestion phase and applying the measured move to get the most out of the breakout. Risk to reward ratio is amazing, defenitely something that I'm going to monitor.
Short
by FedericoSellitti
2