As you can see in the chart ATOM is trying to break its resistance and the GOLDEN LINE OF FIBO, If we can break it we will move up
if not I draw you what scenario we might face
for now, the black line I draw is important if it breaks it down we will have a short movement downward
Keep eye on the chart for making short or long
THIS IS NOT FINANCIAL ADVICE ITS MY...
As you can see in the chart the resistance for BTC, for now, is 48 and 49.5
If it can break we will move up to 52
for now, our support is 46 and 44
Manage your trades properly and we can is in the daily chart inside bar candle lol
DO NOT FORGET TO USE STOP LOSS
Two key price points on my chart that I have been watching.
1. EURUSD has been in a massive downtrend. The price at Label #1 failed to breach a new low, which is a first indication that I should be looking for a structure for a potential reversal.
2. Price broke above the 1.15865 level on the afternoon of October 13th. Nothing really to talk about here as I...
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Supporting Criteria on Chart
Price has also reached a previous zone of support, temporarily breaking previous lows.
Intraday I will look for buying opportunities.
Price is retesting a previous zone of congestion and support.
With a test of the 50EMA, this is the last opportunity for the bears to remain in control.
I will be watching intraday for a reversal in the highlighted area.
Supporting criteria:
RSI Overbought
This is not the strongest setup, but in the markets, anything is possible!
Price is approaching a zone of support.
Other supporting criteria:
Fib confluence
RSI oversold
Previous congestion area
I will be watching for bullish setups.
A pin bar at the 50% Fib level gave price a little relief, but price action suggests this rally is over, with no bullish follow through in the days that followed.
I will look to get short on a break below the pin bar wick, and perhaps a little higher if price action presents an opportunity.
Targets would be next support/prev resistance at $49, where there is...
Price has carved a range between the 38.2 and 61.8 fib levels
Following NFP, price has tested the top of the range for the first time
I am expecting resistance to hold and will look to enter a short position
!st target at 1.062
2nd target 1.053
Last week, Aussie did retrace up to 0.7500 level but wasn't able to reach our max target at 0.7570.
Price temporily corrected down, and while it is still contained inside the bullish channel (yellow), we can still see this pair rally toward its 61.8% retracement or even higher.
