USDCHF also looks overbought: the price formed a rising wedge pattern and a descending triangle within. Both the support on the wedge and the neckline of the triangle were broken. I expect a further decline to 0.9163 ❤️Please, support my work with like, thank you!❤️
BINANCE:RNDRUSDT SHORT - 1 month range has been $1.3 - $1.55. Deviated above the range for a few days and now back inside again. Lost horizontal and diagonal support. Bearish retest and reject.
CADCHF may retrace from a key horizontal resistance. The market looks quite overbought on a daily, and as a proof of that, I have spotted a confirmed breakout of a support line of a rising wedge pattern on an hourly time frame. The market may drop at least to 0.6805 ❤️Please, support my work with like, thank you!❤️
Despite yesterdays pump and dump we are still holding the bullish structure. there is still some hope for 28.1 but if we lose the structure we could see much lower 23.8 Thanks for watching
In this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year. In my view, a breakout is possible if we see a candle confirmation along with a...
Current Resistance: 1629-1641 Current Support: 1580-1594 RSI: Bullish Current Trend: Bullish with higher High and higher Lows, BOS Since the BOS, ETH reaches a new high @1634.10 before retracing back into the current support zone @1580-1594. ETH continues to have Higher Lows and appears to be heading back into the current resistance zone. Will ETH break up to...
Silver has reached an important area on the high time frame and it is important to watch what it does here. If it closes below the current level breaking the trend a huge move to the downside can be anticipated. This can also be used to shed light on the possible direction of gold which has seen significant bearish moves recently.
ARB bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 0.87 is expected to happen.
This fundamentally stable gaint looks great on weekly timeframe to give potential return. It is currently trading at strong support level. we can consider aggregating some positions in it.
EURUSD continues the downside move and we’re now below 1,0500. The next support levels are 1,0477 and 1,0423. The current levels aren’t good enough for another sells due to lack of a good ratio. Two days left until the end of the quarter and bigger fluctuations are possible.
TOP DOWN ANALYSIS ON USDJPY: USD/JPY is approaching the psychological barrier at 150, not too far from the 2022 high of 152.00. There is no sign of reversal of the uptrend, while momentum on the weekly charts isn’t showing any signs of fatigue. This suggests the pair could give a shot at 152.00. For the immediate upward pressure to begin easing, USD/JPY would need...
Pattern looks nice, still recording higher highs and higher lows. Setting BUY LIMIT at 110.05, hopefully things going good.
support zone breaked by good candle... trend line breaked risk to reward 4
Gold looks to be an interesting opportunity here. 1. Trend Break 2. Higher High 3. Higher Low 4. Trend Continuation 5. 3:1 - Low risk Opportunity Always know your exit. If it booms then a little is all you need. If it busts then a little is all you want.
In continuation to Analysis of UK100 on 11th September, the price has retraced 50% after breaking the down trend. It is time to take long positions and aim for 7900 above which could be reversal as shown by AB=CD pattern.
IMHO, a short position at where the price is right now. A sell limit order can also be placed at the resistance level in anticipation that the price will go down once it touches the resistance, giving a good Risk : Reward Ratio.
EUR-GBP Will Go Down! Sell! __ EUR-GBP has established A double top pattern and then Broke the key horizontal level Of 0.867 and the breakout Is confirmed so I think that We will see a further move down Sell!
From the pattern on the chart, apply Fibonacci retracement to the price and we can for a long position as the price is expected to move up before continuing on with the downtrend.