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Chaostrader63

Monero vs USD Descending Triangle PatternIf you are trading cryptos, you know that a lot of cryptocurrencies are bearish but Monero vs USD could be one that turns the tide. The crypto is currently trading at the support level of a Descending Triangle Pattern at 167.750 and also showing a bullish divergence on the On Balance Volume. The current price action shows indecision at the level with a doji the past three days. Price is trading inside of the doji but furthermore the current price is trading an inside candlestick pattern. Coupled together with the other aspects mentioned, we could see a bounce at this level and price move higher. If price closes outside of the current Mother Bar then this could be confirmation that price may bounce and we can enter the trade long.
BITFINEX:XMRUSDLong
by ChaosTrader63
1
Santiment vs USD Trade Setup 1-9-18In this opportunity we are looking at the Santiment vs USD as price has been in a nice rally basically since November 16, 2017. Price is now in a correction and has pulled back to the Tenkan level. There have been many discussions about traders changing the settings due to various reasons when trading cryptocurrencies, but I am using the default settings for the indicator and will continue to use these settings. When we are trading Ichimoku we have built in levels of support and resistance and therefore we can use these levels for trading opportunities. When price is in a strong trend you will see price follow Tenkan or should I say Tenkan will follow price and normally price will not enter the TK Zone unless the trend begins to weaken! It's still a little early to get into a trade or discuss the trade as we have not come to the point where the correction has ended but we will discuss what we see as is. The previous candle is an indecision candle which is showing that the participants atr indecisive and pretty much split at that time. It's a matter of when does the buying pressure increase. I am looking at price holding at the Tenkan and then possibly entering a long opportunity at the top of the indecision level at about 7.48. Our SL currently is not set in stone due to the fact that we have not completed our bottom yet so we have to wait to see if we hold for the true level. Our current trade opportunity is as shown but always remember, Trees that are slow to grow, bare the best fruit! God bless!
SLong
by ChaosTrader63
1
GBP vs USD Range Trade OpportunityI am suggesting a trading opportunity for the GBP vs USD. Today we had major news with the USD which affected the price. Price had been sitting inside of a range or a bullish channel before the news this morning. The news event took the price outside of the range channel which is located at 1.56897 top of range and 1.54905 at the bottom of the range. We had a very big H-4 Pin Bar Rejection right outside of the bottom of the range as price is now trying to correct itself after the news event. The correction and rejection occurred at 1.54941 which is also a support level. I have shown the entry and SL levels on the chart along with a possible take profit level. I feel that the price is going to continue following what it was doing before the news event and stay within the range due to the fact that price has rejected going outside of the range even with the news and also August being a month of failed breakouts due to less market volume. Check me out at www.fxatoneglance and Traders good luck and have a great weekend. God bless!
Long
by ChaosTrader63
1