FieryTrading

FieryTrading

BCH, like many other crypto pairs, has seen tremendous growth over the last couple of days. The last wedge was succeeded by a strong bullish move of over 25%, we are currently at the end of the second wedge. is a new bullish move coming? The first real resistance this pair will encounter would be around the psychological area of $400 (~15% gain from current...

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XRP Has been growing immenslly since a few days. Luckily for us, XRP is following a clear pattern. The pattern appears to take around 2.5 days to complete, resulting in a ~65% increase in USDT value. Whether we will see the pattern unfold a third time will be clear in less than a day. If XRP manages to break out of the upper wedge, I expect the price to reach...

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EUR/AUD is currently residing in an area of strong support, dating back more than 14 months. Historically, this line has held pretty strong, signalling potential short term bullish moves. Consider exiting the long position around either Resistance 1 or Resistance 2, with the first being the most conservative.

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A week ago I made the prediction that Gold would be falling soon, and falling quickly. Little did I expect it would happen within a week! Since gold is close to the $1800 support, we can either see a small bounce or a break through the support. If we get a daily candle which closes below $1800, expect a major sell-off towards Support 2 around $1720.

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Bitcoin has hit the upper level of the channel. Indincating a reasonable chance for a short term reversal. Wait for the price to close below the confirmation line before going short. Also, check out the support line as a good possibility to exit the short position. Since bitcoin is very bullish at the moment, keep a close short-loss since you can easily burn...

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In my last post about CHF/JPY I predicted that this pair would follow a nearly perfect wedge, which in the end came true. Now, I make the same prediction, but the other way. Consider exiting the long position around the green area, since it's located around the upper trend line of the wedge. Happy trading!

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AUD/USD is near a 3 month old resistance, which it has failed to break several times. Will it bounce off again? I suggest Support 1 and Support 2 as great potential exits for the short position, both with good R/R ratio's.

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Ethereum is rising very rapidly in the last few weeks. Whereas the rising was more gradual at the start, it's starting to show signs of parabolic behaviour since a few days. This parabolic move blasted the price through the upward sloping channel, signaling more bullish movement to come. Since there aren't any big resistances in the vicinity, the price has a lot...

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Apple has been following a perfect wedge pattern since August. Recently it tried to break out of it, without any succes. This rejection signalled a short term decline for the stock. Consider exiting the short position around the green area, since its close to the trend line and therefore risky.

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Google once again rejected the upper trend line of the ascending channel, signalling a short term decline. Consider exiting the short position around the green area, since it's close to the multi-month trend line.

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Twitter has been following this upward channel since the corona crisis lows, with a recent bounce from the lower trend line. Consider Resistance 1 and Resistance 2 as areas of great selling pressure, thus taking some profits around there.

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BAND has been consolidating since early November. Today it finally left the consolidating phase to start a new bull run. Consider Resistance 1 and Resistance 2 as good profit targets, both placed at round numbers. $7.50 and $10 respectively.

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Today, DOGE has finally broken through the upward channel that it has been following for a few weeks. Not only did it break through, but it did so with a very strong few candles, accompanied with high volume. In the snapshot below you can see that the upper trend line was decimated, signaling a strong bullish move in the coming days. I expect Dogecoin to...

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Two weeks ago I made a post about the fact that Litecoin broke through a multi year wedge, showing strong bullish momentum. Since then, Litecoin managed to hit the first target of $85, resulting in a 40% return in a mere two weeks! Bullish momentum is still very strong, my take would be that it will remain so for the coming months. However, Litecoin has seen a...

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Slack's stock has been following this descending channel since it's boom in June. Investors noticed that Slack is a good "corona" stock since people are working from home and therefore need some kind of communication tool. However, Slack is losing the fight from Microsoft's teams, which is simply a better and more developed product. My play would be that the...

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LINK is continueing to rise without stop. In the last few days LINK has ignored the lower trend line, and instead the price kept going up. I think it will continue to rise in the coming week, at least to the first resistance around $17. If it breaks though with sufficient force, consider moving your target to resistance 2, around $20.

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On the weekly chart, Bitcoin currently has a RSI value of almost 83 points. The last time this happened was during the great bull-run of late 2018, with a 70% loss of value from the top in the next two months. Although the RSI is not a perfect indicator for predicting reversals. However, it's useful in warning traders when a certain asset is being overbought i.e....

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EUR/USD formed a double top on the 4H chart, signalling a downward move in the foreseeable future. The most conservative target would be Support 1, with a R/R around one. Consider exiting part of the position around that area, since we might fall toward Support 2 if USD keeps gaining ground.