A multi-month wedge has formed on the ETH/USDT chart, within it upward channel. Something big is bound to happen as soon as the price breaks out of the wedge. Personally, I see a big chance that ETHUSDT will continue rising within its upward channel. In the coming few months my price target would be $500. Keep an eye out for break-throughs in the marked long-...
Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc. In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and...
Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%. In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs. Will LINK bounce and ascend to new...
BNB broke through the September – October wedge, as well as the MA200 on the 4H chart. Most bullish scenario would be a quick bounce off the $26 area to continue its long-term bullish path. In case it breaks through the $26 resistance, resistance 2 @ $22 and resistance 3 @ $18 are next. The latter being quite unlikely. In case you’re looking for a short...
If you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time. First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on...
Since August Brent has been in a downward trend, inside a channel. Both RSI and the channel itself show strong signs of reversal. This trade is quite a risky one since we will be trading against the trend. After the resistance has been hit, be wary of a strong reversal in continuation of the downward trend. A stop-loss around $36 will minimize losses in case of...
Since September a downward channel has formed on the OANDA:AUDCAD 4H chart. For several times already the RSI is working in conjunction with the trendlines. Possible exit of the short position would be the 0.92 – 0.915 area. For a low risk, high reward trade put your stop-loss around 0.943. A much less risky trade would be to put your stop-loss around 0.958....
A massive triangle has been forming on the weekly Platinum chart. Best is to wait until the weekly candle has broken through the 2020 highs with sufficient force. The riskier trade would be to wait for and entry around $750. In case the $750 resistance doesn’t hold, look for an entry around the 2020 lows. Targets 1-4 are based on previous highs throughout the...
After the crazy run-up we saw earlier this year GOLD is finally consolidating. Is it ready for a drop? The monthly RSI peaked at 84 points. The last few times that the monthly RSI peaked above 80 points we saw a retraction of 35% to 45% in the period after the RSI peaking. The $1400-$1500 level is chosen specifically because it’s an area of resistance which...
GBP/AUD Short Gartley Pattern has completed. www.investopedia.com Please do your own research before entering the market.
MACD and RSI show similar pattern as earlier break-out. Will history repeat itself?