1H CHART EXPLANATION: As we can observe, price is currently on a Head and Shoulders pattern after bouncing at the Major Resistance Zone. If price breaks it and consolidate below, we will wait for a pullback to the neckline of the structure to take short positions towards the Ascending Trendline. 4H CHART:
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price broke out the bearish channel, starting a bullish movement. -Currently, the price is inside a corrective structure and is trying to break out with low volume. -The las support of the price is the middle trendline of the weekly ascending channel. Based on this if the price breaks out below 2834.0...
4H CHART EXPLANATION: In the 4H chart we observe that price started a big bearish movement since it broke the Ascending Trendline. We was expecting a little bounce at the Support Zone but price did not do it and broke down. Now the next Support Level is at 1.26730, so we will wait for a confirmation of the move to take any position. Updates comming soon! ...
First let's take a look what happened between China and United States. FUNDAMENTAL VISION -At the beginning of 2018, United States started a trade war with China, imposing tariffs on different products. -In response to this measure, the Chinese government imposed tariffs on US products including some raw materials, the main product exported by the United...
As we can observe, price broke the Bullish Corrective Structure that was built after breaking the Descending Wedge. We are taking long positions here with the following parameters: - our stop loss placed below the Descending Trendline of the Wedge and the Support Zone. - our target price on the Weekly Resistance Zone. Our 4 hour Vision:
-Today we are going to show Vix Index on daily chat compared to SP500 (orange line). The first thing we noticed is the Wedge formations on the chart. -As Vix starts going down, SP500 keeps rising, the concept is that people trust on the strength of the bullish trend, on this process we can see the Wedge patterns on VIX, and bullish trends on SP500. -To see...
4H CHART EXPLANATION: Main Items we observe on the Chart: - Price is on the Support Zone. - Bullish Divergence on MACD. - If price breaks the Descending Trendline at 0,694, we expect an up move towards the Major Descending Trendline at 0,714. MULTI TIMEFRAME VISION: - Weekly - Daily
4H CHART EXPLANATION: On 4H timeframe we observe that price broke out the Descending Trendline and the Ascending Wedge. It started an upside movement and now it is facing the Resistance Zone at 250. We expect a little correction here to continue the upside movement towards the Daily Resistance Zone at 360. Updates comming soon! MULTI TIMEFRAME VISION: -...
4H CHART EXPLANATION: Main Items we observe on the Chart: - Price broke the Ascending Channel and, then, bounced on the Resistance Zone. - If price breaks the Ascending Trendline at 3381, it has potential to move down towards the Support Zone at 3300. We are looking for Sell Setups on lower timeframes. MULTI TIMEFRAME VISION: - Weekly - Daily
4H CHART EXPLANATION: Main Items we Observe on the Chart: -On April 2019 price broke the ascending trend line -After that, price started a corrective structure -As we saw on the weekly analysis the price couldn't surpass the resistance zone and made a breakout of the corrective structure, starting a bearish movement Based on this, as the price breaks out...
On today’s post, we are going to have a look over the last 16 days when the SP500 started a bearish movement. going from 2961,5 to 2799.0 (-5,44%) - We can see that the bearish channel that works as the main trend was broken yesterday starting a corrective structure that now is facing a major resistance zone - That zone is composed by the previous ascending...
The most well-known cryptocurrency is Bitcoin. However, XRP is increasingly gaining popularity over the world. This year, it is remarkable the fact that they have really different behaviors. On the one hand, since January 1, Bitcoin went up a 100%, while XRP just a 17,3%. Also, in the last great impulse Cryptos made (March 16 till the max on May the 16), BTC...
4H CHART EXPLANATION: In 4H timeframe, we observe that price has broke the Descending Trendline with a strong movement. It has potential to reach the Resistance Zone. However, we need to be careful because the downtrend still active, so it can be just a correction to continue the down movement. Updates comming soon! MULTI TIMEFRAME VISION: - Weekly: - Daily:
4H CHART EXPLANATION: In 4H timeframe we observe that price has broke the Descending Trendline and started to move in a range. It has recently broken the Resistance Zone 1 at 0.86750. The upside movement has potential to reach Resistance Zone 2 at 0.88275 in the short term, and if that zone is broken, then it could face Resistance Zone 3 at 0.9050 in the middle...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price has broken the ascending trendline -Currently, price is on a support zone -We will wait for a corrective structure on the support zone before taking any trade Based on this if the price breaks down with a close candlestick below 20718.0 we expect a continuation of the downward movement towards...
4H CHART EXPLANATION: - Price bounced on the Major Support Zone and broke the Descending Trendline. - It is, now, at a Support Level. - We expect price to build a Bullish Corrective Structure around this zone and, then, go up. - If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75. We are looking...
USA vs China -Trade War between those two country’s has shown how the markets react on a Negative way to this kind of events. -Since May 1, Sp500 futures have been falling 5% from Historical Higher highs due to conflicts with China, however, China Index has been on a bearish movement since 17th of April accumulating a bearish move of -10,21%, more than twice...
4H CHART EXPLANATION In the short term, we can expect a double top with the previous Max. level, and then a downside movement towards the Ascending Trendline. Also, there is MACD Bearish Divergence. After this, if this price zone is broken, we will look for short/long positions based on the higher timeframes analysis. Updates comming soon! -Weekly Timeframe: ...