There is a bearish flag pattern that is continuing to forming on
the hourly price chart.
Not exact matches
Zooming into the shorter - term
hourly chart interval, we see the
price action is holding above the 20 - period exponential moving average:
As $ P began climbing higher, our plan was to hold the swing trade as long as the
price held above the steep uptrend line that formed on the
hourly chart (similar to the way we recently trailed a stop to maximize gains on our swing trade of $ SMH).
Whenever a stock or index breaks down below the 20 - EMA and quickly finds support, the
price action should snap back above the 20 - EMA the next day (points «A» and «C») OR at least form a «higher low» on the
hourly chart the next day (point «B»).
Key HighlightsETH
price is trading higher and it recently broke the $ 700 resistance against the US Dollar.There was a break above yesterday's highlighted key bearish trend line with resistance at $ 685 on the
hourly chart...
Key PointsBitcoin cash
price gained upside momentum and broke a major resistance at $ 1,500 against the US Dollar.Yesterday's highlighted key connecting bearish trend line with resistance at $ 1,370 was breached on the
hourly chart of...
Key HighlightsETH
price started an upside move and recovered above the $ 640 resistance against the US Dollar.There is a major bearish trend line forming with resistance at $ 674 on the
hourly chart of ETH / USD (data...
Key PointsBitcoin cash
price started a recovery and traded above the $ 1,300 level against the US Dollar.There is a key connecting bearish trend line forming with resistance at $ 1,365 on the
hourly chart of the...
Key HighlightsRipple
price recovered nicely and moved above the $ 0.8100 resistance against the US dollar.There was a break above a key bearish trend line with resistance at $ 0.8200 on the
hourly chart of the XRP / USD...
Key HighlightsEthereum classic
price is placed nicely above the $ 21.00 support level against the US dollar.There is a key connecting bullish trend line forming with support at $ 21.10 on the
hourly chart of the ETC / USD...
On this trade I used the daily
chart, or anchor
chart, to mark the important horizontal levels, I then zoomed into the
hourly chart and found a
price action entry, and I set up the stop loss and a take profit order of 3 to 1.
These
prices are usually taken from a stock's daily
charts, but the pivot point can also be calculated using information from
hourly charts.
For example, a day trader analyses first the events of the day that describes the movements in
prices and then he or she examine all the changes of the
hourly charts of this day trading.
Today's
chart shows an
hourly profile of electric generation throughout an autumn day, October 22, 2010, in New England and underscores three operational factors that can affect
price — the morning ramp, the afternoon / evening peak, and the differences between the
hourly and five - minute peaks (see second
chart).
While the Bitcoin
price stays above the short - term upside trendline, visible on the
hourly chart, the overall momentum remains positive.
The
price is exchanging hands way above the 200 and the 100 - simple moving averages, both which are beginning to show an upward direction on the
hourly chart.
Yesterday, the
price broke a key bullish trend line near $ 490 and recently it broke another major bullish trend line with support near $ 475 on the
hourly chart of BCH / USD.