huge resistance but still possible if 7.8k taken out..bullish bat formation too
this is not financial advice only a glimpse on future price action ..be carefull and trade according to trend..thank u..u can follow me for further updates ..i will post updates only for long runs..i strive to give best analysis..happy trading..
The old adam and eve neckline we broke up from before was holding very strong support after the bearflag breakdown but could only hold for so long before it gave way. Are next 3 big supports are 7.3k the 4hr 200ma(shown here in blue) the 1 day 50ma and the 7k psychological. The bearflag breakdown target could send us all the way to 6.9 or even upper 6.8k. However...
XLM found some resistance at the 200-day MA, and is now touching both the 20-Day MA and the 100-Day MA. the 20-Day MA has passed with success the 50-Day MA and is now about to pass the 100-Day MA. We might be entering a Bull run on Stellar. Once it passes the 200-Day MA, with volume, i say it will moon! Let's see how the market reacts.
Not really a fractal but a general comparison for a potential outcome to this pump. Fractals alone are dangerous to trade off. As recently as our local bottom, there was a fractal that did not play out. Regardless of the validity of ETF hype (personally very skeptical), I think it's reasonable to expect a retrace to coil for another pump to test the 200 MA using...
Looking to see pricer continue its current downward momentum. Price closed last week at weekly support turned possible resistance @ .73995, 78.6%. Could see an initial push up as bull pressure slows, and bears take over. confirmation at the 50% level after break, will possibly open the door to short entries down to about the .72787, 127.2% level. Alternative:...
we r near support now and from ere we are likely to go towords 9-9.2k...and then to retest 7k...if we close above 200 ma then we have chances to go higher... follow me if u get this analysis helpful.i try my best to give updates..
Breaking the old Adam and Eve neckline(which turned into a triple bottom neckline) and triggering the breakout has brought us some of the most insane bullishness we've scene since last November-December. RSI and Stoch RSI levels have become seemingly irrelevant as BTC has ignored all overbought indicators and continued to rise. The breakout of that neckline has a...
The 200 day ma is about to cross below the 300 day ma, an event that bitcoin has not seen since August 2014, preceding a massive plunge with over 70% loss. Since then, the 200 day ma has been above the 300 day ma from November 2015 for roughly 1000 days. There is no doubt that the crossing of these two moving averages should trigger a strong warning for bitcoin bulls.
Just want to point out that GJ is approaching the 200 MA on the daily and the 4 hr. Watch the price action on those, should at least get a sell scalp off it. Look to retest level, might get a very nice sell if you let some ride (managed properly of course). It is possible considering all this pair has done is w-x-y'd for like... ever... Obviously it is long right...
As I anticipated in my last idea, we would likely meet resistance once we reached the top trendline of the symmetrical Pink Triangle. This has now happened and we are currently consolidating into a bit of a potential bull flag or bart pattern. I exited as close tot he top as possible and have a stop buy back set up a few pips above the top trendline of the pink...
Good time to buy WFC while it is bouncing around 200 MA. Broke down trendline. Watch hourly and daily for confirmation.
The DXY -0.89% recently retested the weekly 200MA, but found strong resistance as expected. Price has now approached this level of resistance once more. We would like to a breakout followed by a continuation to the upside. It is NFP week, so it will be best to stand aside for now. This is a chart I will keep an eye on in the upcoming days though. Thank you for...
Gold counts out pattern and fib wise for one more up, every way I look at it which would make sense, breaking the high it never broke. When you look at the chart with nothing on it, it looks like a sell, but not when you consider the modern swings of the market. It is at the 50% retrace, approaching the 200 MA on weekly. It just reacted to the 800 MA on the daily....
Company does not pay dividends. Would be at a good price though when bouncing off 200 MA and sustains a move towards $280
GN broke out of correction and made a small pullback and is resting underneath the 1.236 fib extension. Yes, it is going up right now, but I would watch how it reacts to the 200 MA on the 1hr to see if you might get a flat down to that 1.618 extension level it never reached. That's what I would expect considering how this pair behaves and by looking at the lack of...
Ok..... SO, look at the correction NU just made on the 1hr and compare that with the daily/weekly and train your eyes to see that. As of now, NU is coming off the 1.236 fib extension in a W-X-Y pattern, which makes sense (which could just be a bullish trend even though corrective looking). However, what doesn't make sense is the the length of the the last wave and...
Having lost respect for the 200 Day Moving Average by dropping under in early March, this trend line is now predictably acting as strong resistanc e. Expect further failed attempts to push above it over the coming months. Add the Moving Average to your own chart to monitor Bitcoin's progress... Please give me a thumbs up if you agree. If you don't, please...