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Ethereum Technical Analysis for Swing TradersConclusion for today’s Ethereum price analysis: 168.40 is critical for the price of Ethereum and a breakout above the price level implies resumption of bullish momentum. Ethereum analysis for today is carried out on the 6 hour timeframe using a logarithmic scale, and chart inspection is from September 12, 2018 to current date. A range bound price movement is identified for Ethereum and drawn on the chart between 168.40 and 104.42. Of particular importance is the former price level (i.e. 168.40) as it was previously a support level for Ethereum back in September of 2018. Same support price level presented resistance for price action in the week of January 02, 2019, and also again on January 24, 2019 as highlighted by the blue ellipses. The implication of the above is that the upper boundary of the range movement indicates a change in polarity and/or significance of the price level for Ethereum going forward. Current bullish trend on the 6 hour timeframe chart from a price low of 84.00 on December 15, 2018 is also important to pay attention to as price breaking below improves the likelihood of testing the bottom of the price range at 104.42. Retracement of price to 104.42 and consolidation that is confirmed by momentum presents a buying (long) opportunity in Ethereum. This strategy is considered less conservative than if price attempts a breakout above 168.40.
BITFINEX:ETHUSD
by Coin_Analyst
USD SGD Live Update: Bearish Trend is Not Yet Over...Conclusion for today’s analysis: The minimum expectation for the USDSGD is ~1.33439. Price action from May 03, 2018 to current date is shown in today's analysis for the USDSGD on a 6 hour timeframe. A top formation that took almost 6 months to complete i.e. between July 02, 2018 to December 27, 2018 is identified as a complex head and shoulders pattern. Confirmation of the chart pattern occurred on the January 04, 2019 when price action closed below the neckline of the pattern at ~1.36138. The bearish implication of the pattern mentioned above is not yet complete and the minimum expectation for price action is 1.33439 achieved via a vertical projection of distance between the head of the pattern and the neckline. Any current bullish swing or retracement of the current uptrend should be considered for entry point into a bearish position(s).
Short
by Coin_Analyst
Stellar (XLMUSD) Chart Pattern Analysis: Intraday TimeframePrice closing above the bearish channel and also above ~$0.1470 helps to increase the chance of continuation of bullish momentum. Analysis for Stellar (XLM) for today is carried out on a 6 hour timeframe, with price action from June 27, 2018 to current date. The symmetrical triangle drawn on the chart lasted over 4 months before eventual confirmation and breakout of the chart pattern on November 22, 2018. Bullish price swing from ~$0.09 to $0.14 broke out of a bearish swing that lasted for about a month and is part of the move to the downside confirming the triangle. Conservative entry into a long position which also implies continuation of bullish momentum in Stellar would require a break above the current bearish channel (highlighted in green) and also price closing above ~$0.1470 which is used as the upper boundary of immediate overhead supply or resistance. A break below the lower boundary of the bearish channel decreases the chance of continuation of the bullish price swing from the December 15, 2018 low of ~$0.09.
BITFINEX:XLMUSDLong
by Coin_Analyst
Ethereum Price Analysis: Live Update Conclusion for today’s Ethereum Analysis: Price breaking out above $167.10 can be used to initiate long (buy) position(s) provided momentum offers evidence. Ethereum price analysis for today is presented on a logarithmic scale with the chart covering over 11 months of price action. Bearish trendline drawn on the chart is used to highlight the overall trend in price for the duration mentioned. Important attention is drawn to ~$167.10 price level as it did offer support for price on September 11, 2018, but currently presents resistance, and hence retracement in price considering the bullish price swing from ~$81.96. $167.10 and $134.33 is therefore considered in this analysis as the upper boundary and lower boundary respectively for resistance/overhead supply. A conservative way to enter a long (buy) position(s) is on a breaking out above the upper boundary of resistance.
BITFINEX:ETHUSD
by Coin_Analyst
VECHAIN, SCALP OPPORTUNITY or DESTINED for DOOM?VECHAIN showing bull div on the 12 HR Notice how we have come completely outside the developing VA, this can mean one of two things - either strong downwards movement coming, or a bounce back into the VA. Expecting a bounce to the significant resistance level at the 0.618 fib line, which coincides with the downtrend line and the first HVN of the value area. We need to observe the price action at this level closely to see if we will continue the bear trend, if so then we buy at the demand zone at 127 sats.
Long
by Wolf_Of_Amsterdam
BCC and waiting for Second Biggest moveAs shown in chart BCC Formin Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging’ again. This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again. To play this, we’d place our long order above the pennant and our stop below the bottom of the pennant to avoid fakeouts. Like we discussed earlier, the size of the breakout move is around the height of the mast (or the size of the earlier move) keep follow to get all our updates Good Luck Thank you ----------------------------------------------- Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
B
by AnaKingKong
GOLD SETUP - IT COULD GO EITHER WAYGold is on a trend downwards in other words bearish but it has a lot of room upwards as well to mean bullish. With that said, I have drafted how I see it going as you can follow on the chart above. My believe is it will continue with the trend downwards if it respects the resistance lines. If it breaks them then we go bullish. If it respects them then we continue bearish and we have a lot of room downwards as well. Remember to trade with good risk management and respect the market with realistic expectations. As I always say, your management of your expectations may as well be the only key you need to find your success in this industry. Good luck.
TVC:GOLD
by Capital75official