1.ETHUSDT:Watch for a deeper correction

-
 
     :-The price is testing strong resistance zone for the third time near $2850

Now we can see a potential downward movement with targets $2566 and $2240

Trade carefully!

Thank you and good luck!

Comments

Post a Comment

Popular posts from this blog

CANDLE CHARTS

-
Image
  CANDLE CHARTS Learning objectives After studying this chapter the student should be able to understand: • Types of charts • The candlestick analysis • Pattern Psychology – investors’ psychology behind formation of candlestick pattern 2.1 The charts What is a chart? Charts are the working tools of technical analysts. They use charts to plot the price movements of a stock over specific time frames. It’s a graphical method of showing where stock prices have been in the past.A chart gives us a complete picture of a stock’s price history over a period of an hour, day, week, month or many years. It has an x-axis (horizontal) and a y-axis (vertical). Typically, the x-axis represents time; the y-axis represents price. By plotting a stock’s price over a period of time, we end up with a pictorial representation of any stock’s trading history.A chart can also depict the history of the volume of trading in a stock. That is, a chart can illustrate the number of shares that change hands over a...
Read more

ASSCENDING TRIANGLE PATTERN PSYCHOLOGY

-
Image
WHAT IS ASSCENDING TRIANGLE PATTERN? -ASSCENDING TRIANGLE PATTERN IS THE CANDLESTICK CHART PATTERN WHICH TELLS ABBOUT THE BREAKOUT AND ALSO GIVES THE SIGNAL FOR THE TRADE ENTRY! *ASSCENDING TRIANGLE PATTERN PSYCHOLOGY(see image-1) Image-1 *HOW TO CHECK BREAKOUTS IN ASSCENDING TRIANGLE PATTERN? (see image-2) Image-2 *CONFIRMATION OF BREAKOUT? -FOR THE CONFIRMATION OF BREAKOUT YOU HAVE TO WAITE FOR THE RETESTING .(see image-3) Image-3 *ENTERING AT THE RETESTING LEVEL.AND RIDE THE TREND.(see image-4) Image-4  
Read more

JESSE LIVERMORE'S TRADING RULES FROM 1940

-
  Jesse Livermore's trading rules from 1940 . 1. Nothing new ever occurs in the business of speculating or investing in securities and commodities.  2. Money cannot consistently be made trading every day or every week during the year.  3, Don't trust your own opinion and back your judgment until the action of the market itself confirms your opinion.  4. Markets are never wrong — opinions often are.  5. The real money made in speculating has been in commitments showing in profit right from the start,  6. At long as a stock is acting right, and the market is right, do not be in a hurry to take profits.  7. One should never permit speculative ventures to run into investments.  8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.  9. Never buy a stock because it has had a big decline from its previous high.  10, Never sell a stock because it seems hig...
Read more