Trendreversal
Europcar LONG (Reversal in trend) Dear readers,
First of all I want to say that this is my first time publishing something on Tradingview. So any tips/support would be appreciated
As I am from Belgium myself I'm somewhat more known with Belgian stocks and I saw this huge opportunity here in Europcar. It might not be the most popular stock, so not ideal for personal exposure for me but so what. I'm here because I'm interested in technical analysis, and then I hope by delivering good work and pointing out good ideas with great potential that exposure will grow.
But for now here is the idea.
Let's look to the broader picture first: As you can see Europcar is in the very long term in bullish territorium but has been bearish for the last year.
Now we can clearly see that the 1 year bearish trend has been broken and that we are moving higher again to the broader picture (Which would be about a 14 euro's, that's where I'm putting my take profit).
I see this as a huge trade opportunity and I'm wondering what your thoughts are. Btw any likes or comments would be highly appreciated to grow the trade idea career :)
Digibyte broke out of the Downtrend!Welcome fellow Tradingviewers,
Digibyte one of the oldest projects around in the cryptocurrency market might just have broken a very important level.
In our last analyses we shared our thoughts on the delisting on polienex and why it really did not even matter.
Without further or due, lets start analysing:
We will be analysing DGB using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- The candlesticks are not showing any real signs yet, Neutral.
- We are below the 50 MA, indicating more downside.
- MACD is starting to shift towards bullish territory, but for now indicating more downside.
- RSI is neutral.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
Weekly:
- The last weekly candle closed as a bullish engulfing candle, indicating more upside momentum.
- We are below all MA's indicating more downside.
- The MACD has crossed bullish a couple of weeks ago, indicating upside momentum.
- RSI is in neutral, coming from oversold territory.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
Daily:
- The last daily candle was pretty much neutral, slightly favouring the Bulls.
- We are currently testing the 100 MA, indicating more downside.
- We are also above the 50MA indicating more upside.
- Break above 200 MA would switch the trend to bullish.
- The MACD has crossed bullish, indicating more upside.
- RSI is in neutral.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
In summary:
The break of this multi-year downtrend has not been really spectaculair.
We are still awaiting full confirmation on the breakout but things are surely looking better and better for Digibyte.
A break above the 200 daily MA would confirm that we are once again in a bullish trend!
This multi year downtrend seems to have formed a falling wedge, IF we can get some confirmation, 150, 250 and 350 sats would be the very first targets!
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
BATBTC ready to battle 3400 satsWelcome fellow Tradingviewers,
BATBTC has not shown much traction since we shared our first analyses, mostly just sideways action.
Untill the start of February where we finally retested our MA's for 'one last time' before aiming for higher grounds.
Without further or due, lets start analysing:
We will be analysing BAT using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly :
- This last monthly candle wasn't that interesting, but this one is turning in to a bullish engulfing candle, indicating more upside.
- The volume this month is definitely increasing, currently prices are increasing to, indicating more upside momentum.
Weekly :
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The volume on the last two weekly candles keeps on increasing, indicating more upside momentum.
- MACD has crossed bullish , indicating more upside momentum.
- RSI is still neutral.
- Approaching the 3200 weekly resistance, indicating downside momentum.
Daily :
- We clearly found support on the 200MA indicating that the bullish case for BAT is still legit, indicating more upside.
- Above all Ma's indicating more upside momentum.
- MACD has crossed bullish indicating more upside momentum.
- RSI is nearing oversold territory, indicating downside momentum.
In summary:
We can clearly see that the bulls are trying to let BAT take off.
The volume is increasing a lot while price is slowly following, which are major bullish signs.
We still have a long way to go but the first steps are being made here.
The 3200/3400 sats resistance is going to be important for the bulls to break.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
The new possible ETH/BTC long term uptrend starts now or never. ETH/BTC has broken a geometrical down trendline on the weekly and looks to be trying to start a new Bullish trend against Bitcoin.
With it now sitting right at a very key Resistance Zone that ranges from 0.02618223 to 0.02877095 Bitcoin. If We can begin to maybe develop some bullish candle bar patterns at the bottom half of the zone on the daily then eventually build up to the top half of the zone with a strong weekly or daily close above it; ETH/BTC's Bull Trend will almost certainly have room to move up to the next zone up at 3,658,099 sats.
Definitely something to keep an eye on.
UBER trendreversal confirmed part 2Welcome fellow Tradingviewers,
Our first individual stock pick of 2020 has been outperforming our expectations. Resulting in almost 40% profit without any leverage!
In an Interview the CEO of UBER announced that UBER is going to be profitable by Q4 a whole year earlier than expected.
Besides the great news, we also had a great earnings rapport indicating upside momentum for UBER.
We will be analysing UBER using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- We can clearly see that the first month of 2020 has closed in a huge Bullish engulfing candle, indicating more upside momentum.
Weekly:
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The last weekly caandle managed to close above the 40 dollar resistance indicating more upside momentum.
- MACD is in bullish territory, indicating more upside momentum.
- RSI is still neutral
Daily:
- The volume has shown support of the recent price rise, with high volume buying, indicating more upside momentum.
- We are above all Ma's indicating more upside momentum.
- MACD has just crossed bullish again, indicating more upside momentum.
- RSI is showing a bearish divergence, indicating downside momentum.
In summary:
The first month has been incredible for UBER, great earnings and the road to profitability have resulted in UBER retracing almost all the way back towards the IPO price.
We are currently nearing the 43 dollar resistance, before heading towards the 46 dollar resisstance. after this the sky wouold be the limit for UBER.
So let's see how 2020 is going to unfold for UBER but for now everything is still looking healthy to start thinking about reaching a new ATH!
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
ETH double bottem playing outWelcome fellow Tradingviewers,
Altcoins have been taking of for the last couple of weeks and Ethereum does not want to be left behind.
Ethereum is the number two with about 10% dominance in the crypto market, will that rise? Let's find out!
We will be analysing ETH using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly :
- The september monthly close gave the first Buy signal.
- The last monthly close was neutral and this one is starting to look like a bullish engulfing candle, indicating more upside momentum
Weekly :
- We found support on the 17500 sats area twice now, resulting in a double bottem, with it's target around 28000 sats, indicating more upside momentum.
- The last weekly close was a bullish engulfing candle, indicating more upside momentum.
- We are currently above the 50MA, indicating more upside momentum.
- MACD has crossed bullish, indicating more upside.
- RSI is in neutral territory
Daily :
- The last daily candle has closed in a bullish engulfing candle, indicating more upside momentum.
- We are currently testing the first real resistance around 25000 sats, indicating downside momentum.
- MACD is in bullish territory, indicating more upside momentum
- RSI is oversold, indicating downside momentum.
In summary:
We can clearly see that we have broken through the 22K sats resistance, tested 23K, retested 22K and are now heading higher. You could say that this was the neckline of the double bottem pattern.
So from now on we expect that ETH is going to act as is usual when a double bottem has formed and this means that ETHBTC should head higher towards the: 27/28K sats area.
Upon reaching this area we will update again.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
VETBTC following the planWelcome fellow Tradingviewers,
In our last analyses we clearly showed everyone the buying range from 58-60 sats catching the wick of the weekly candle perfectly.
If you would have bought in that area, you would now be in a profit of around 30% which is a nice start for just a few weeks.
Monthly :
- Monthly close above 78 sats would be a big deal because then we would have our 3rd bullish engulfing on the monthly, indicating more upside.
Weekly :
- Last weekly candle was a neautral one.
- We are currently testing the 50MA resistance, breaking above would be bullish, for now indicating more downside momentum.
- RSI is neutral
- MACD is still bullish, indicating more upside.
Daily :
- The last daily candle has closed as a bullish engulfing, indicating more upside momentum.
- We are currently testing the last resistance when it comes to MA's Currently testing the 100 MA
- MACD is still bullish, indicating more upside momentum.
- RSI is in neutral territory
In summary:
The most important thing to watch now would be the breaking of the 50 MA weekly, if we manage to break this resistance then we are almost certainly ready to test the 100 sats area!
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
NEOBTC ready to rise?Welcome fellow tradingviewers,
NEO/BTC is showing some real vital signs. With the mini-Altseason we have had the last couple of weeks NEO has been holding back. But now it might just be time to shine!
Monthly:
- We saw a beautiful bullish engulfing candle back in October, indicating more upside.
- The months after october have been slow indicating more upside.
Weekly:
- The last candle closed in a bullish engulfing cande, indicating more upside momentum.
- We are currently testing the 50MA, indicating downside momentum, unless we break it on the first try and find support.
- Weekly MACD crossed bullish, indicating more upside momentum.
- RSI neutral.
Daily:
- This daily candle is looking like a bullish engulfing, which upon close would indicating more upside momentum.
- Daily cup and handle can be found with the breakout level around 1500 sats.
- we are above all MA's and have used them as support, indicating more upside momentum.
- MACD crossed bullish, indicating more upside momentum.
- RSI is neutrals.
In summary:
The most important resistance to break right now would be the 1500 sats area. If this area breaks, the C&H pattern will be breaking out.
The C&H pattern has a target around 2100-2200 sats, if this C&H pattern is going to show us some real strentgh then we might be heading even higher towards the 2600 sats area, but this is too soon to say right now.
Let's focus on what is going to happen in the 1500 sats area first.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
ADA Cardano - I am super bullishMy argumentation:
Cardano has been sold off three times for more than 80% - Elliot Wave Theory --> ABC correction coming
Selling pressure seems to be gone since moving in that range, it doesn't seem as if anyone wants to sell it below these prices --> market makers will have to move in the other direction to benefit from the situation
The 200 ema in the Daily setup has been crossed and confirmed with two positive candles, (third today)
RSI came out of negative slope and was confirmed in the weekly.
Ichimoku nice close and room to minimum of cloud (not shown in chart)
Personally I went big time into this setup. Not financial advise!
Happy trading!
ICX - 1 month later analysisAn update of my trading plan
One month after the first analysis, let’s have an update of the trading opportunity we had.
First of all, we also had a weekly higher high; normally the long term downtrend is finished; really good news for investors and bag holders.
The price took the right direction; the technical analysis was not so bad but it wasn’t the toughest part of the job :)
We reach the targeted area (orange circle on the chart) but I have lacked of ambition, the 0.33$ target was too low; the perfect trader would have sell only a small part of his coins at that level and let his gains run higher. I sold 60% at that level and 40% before 0.4$. I could have done much better; but I’m happy to not loss any money.
Now, just a few word on the current situation. The momentum is really impressive and definitely not the time to enter. I will wait for a price correction and maybe make another analysis for the next level. if you are still in (swing trader); you are steel-nerved but don't forget to take your profit (at least a part of). You already made an excellent trade. Will you wait for the weekly EMA100 before correction?
I'd be curious to hear your ideas
Simple Breakout trade for XLMXLM has been on the down and down for years now but it looks like there might be a chance for it to breakout.
Given the right conditions I believe XLM could break to atleast 9 cents in the near future. For longer term targets assuming we can hold prices above 9 cents, our next target would be straight to 13 cents, then 19 cents This will all be very likely so long as we hold the support that i highlighted in green.
Something that wold give me more confidence is if we close the weekly above the support here. Daily closes can be nice too but the weekly wold be safer.
VETBTC Rally number 2Welcome fellow Tradingviewers,
In the first analyses of VETBTC we showed you guys the outbreak of the falling wedge, then we showed you guys the forming of the Cup & Handle pattern on the HTF.
Not much has happened since then but we are updating because new oppurtunity arises.
Let start:
Monthly :
- Monthly is not looking to exciting, currently turning into a bearish engulfing which would indicate downside.
Weekly :
- Starting to enter the support zone from the last real dumping area.
- looking like this could become a bearish engulfing which would also indicate more downside.
- The cup and handle pattern is still valid
Daily :
- We are currently nearing our second buying area which is located at the trend indicator, the 200 daily moving average.
- Death cross from the 50 and 100 MA could become a thing indicating more downside.
We are a huge fan of buying the 200 MA on the different timeframes and the daily usually is a pretty strong support zone.
For our cup & handle analyses to be valid we need the 55-60 sats to support the price.
However if the 200 daily Ma fails we might be back at the start and could again become bearish.
This analyses is only showing you guys our vision on VET and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like !
If you have anything to say about this analyses you can do so in the comments below!
Kind regards,
Forallcrypto
LTCBTC trendreversalWelcome fellow tradingviewers,
For the ones following me for a longer period of time we have mentioned a possible trendreversal on LTCBTC a couple of times.
After our last analyses we had a small fakeout to the downside with the miners capitulation sending the prices into one last dark hole.
Since then prices have returned to the mean and we are now getting even better signals.
So lets jump straight into analyzing shal we?
Monthly :
- A candle closure above 0.0065 is very likely to happen, this would indicate a bullish engulfing candle of the monthly which is a great indicator for further upside.
- The volume picture is also corresponding with the bullish engulfing, increase in volume + increase in price = upside potential.
- Next real resistance would be located around 0.008
Weekly :
- This weekly candle is also trying to become a big bullish engulfing indicating more upside to come.
- Weekly MACD crossed bullish which is a big thing (if you want to know why check our last analyses)
- Resistance located around 0.007
Daily :
- 5 candles ago we had a bullish engulfing candle indicating more upside, which seems to take place as of today.
- Daily closure above 0.0069 would mean that the 200 daily moving average has been overtaken, which would mean that the TREND has CHANGED !
So depending on the daily close of today you could state that the trend on LTCBTC has changed and that we are now once again looking to open long positions.
LTCBTC is soon getting its own ASIC miner which would make the mining of LTC become more profitable indicating that more people will start mining again.
So in summary:
We are really bullish on LTCBTC if we get a closure above the 200 (D)MA and a bullish engulfing on the monthly, then the trend is changed in our opinion and we could be in for a long lasting bullrun.
This analyses is only showing you guys our vision on LTC and should not be considered as financial advice. If you agree or find this analyses useful let us know in the comments below and don't forget to leave a Like !
Kind regards,
Forallcrypto
ETCUSD: what's going on?One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week.
Technically speaking the price broke out from the descending bearish trend, which provided a good signal for possible trend reversal and opening long positions on 12th of January..this proved to be a good idea! However, 2 days ago (on 17th of January) the price formed a kind of a shooting star candlestick chart pattern (which was more like an inverted hammer pattern but in the up-move), so at the moment the correction or realization of profit is taking place.
Now the question is how deep is it going to be?
I think buying now is more like a FOMO, so it's better to wait for a correction at least until 61,8 fibo retracement level, which is around 7.39 price.. from there it's possible that we are going to see a rebound and continuation of the uptrend.
If playing the above mentioned scenario, the target can be around 9.85 and stops below 6.645 (R:R=3.3).
It's also possible that we are going to see a deeper correction to 5.88 price level..so everyone should calculate and implement their own risk management strategy.
ETC annual yield: 1,023%
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Rounding bottom formed, how far can XINHWA go? Thank you for continue following us:)
Strategy: Bullish Candlestick Chart Formation
Swing
Bias: Bullish. As the chart above shows the rounding bottom was formed in last three months. The stock price broke neckline at RM0.465 of the rounding bottom. An earlier signal was when the stock price broke RM0.435 sideway consolidation and at the same time made a Bollinger Band breakout.
Earlier, we had traded the short term opportunity from this counter, entry at RM0.435 and TP at RM0.480, based on Bollinger Band Breakout Strategy.
Time to look back for mid term opportunities.
The share price is expected to complete the cup reversal at RM0.55, potentially 12.7%, after the resistance of RM0.520 and psychological resistance of RM0.500
Stop-loss: 0.465
1st Target: 0.520
2nd Target: 0.550
Gentle Reminder: Plan your Trade, Trade your plan.
Kindly like and comment to support if you agree with this trading idea!