btc is either breaking out of the ascending triangle or just going up to test the top trendline of the potential rising wedge we are in. Of course it could also be doing both...even though the breakout target of the ascending triangle is in the 72ks we could wait to reach that zone until where the top trendline of the rising wedge converges with the grey...
BTC is forming ascending triangle . If the price breaks out to the upside we can expect a short term price target of 85K to 90K USD .
GBPCHF could be on the verge of a bear run. But first, we require a break of the zone indicated and the long term ascending trendline. Wait for an impulsive break and the bearish correction before getting in. We're anticipating GBP weakness overall. Goodluck and trade safe!
Quick update but looks like on the 4 hour we are running out of runway inside this ascending triangle. Stoch RSI looks healthy, VFI crossing over bullish, we might see a breakout North here. I think thats the most likely scenario but there is heavy, heavy resistance at 60k and a rejection here would see us retesting support at ~56k and possibly 53k. I could see...
If this ascending wedge plays out, the BTC price can go down to 57K level.
For bitcoin we can see that the daily moving average has been respected many times. As for as the ascending black trendline goes, sometimes corrections get bigger and go beyond trendlines. For this, I'm looking at the daily moving average as it holds more value. Also, the correction we're in looks like an ABC parallel bull flag. Keeping a close eye on this! See...
I give it no later than the 11th-12th of this month for xrp to finally break above this pattern 58-59 cents is the target here. Of course no bullish breakout has been confirmed yet meaning a fakeout resulting in a breakdown instead of up is still potentially in the cards. I will be waiting an obvious breakout one way or the other however probability currently...
EURJPY reversed from the third touch of the bigger pattern in play and there was a short entry already from the top. The next best place to enter is after the break of the ascending wedge and a retest. Will update closer to the time, Trade safe!
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Previously posted a chart of CHFJPY where we were looking for a major drop. This could be the first entry for the massive drop we were anticipating. See links below for the bigger timeframe analysis. Goodluck and trade safe!
We have been waiting for this short for quite sometime. We're anticipating overall NZD weakness and looks like it will happen very soon. This would also mean we'd be bullish for EURNZD depending on which currency is the weakest. I'll be breaking things down further and providing updates in the links below. Goodluck and trade safe!
EJ has produced some great setups over the last couple of weeks as the overextended bullish cycle continues. We can see a couple of great B&R setups. Will price continue to target the previous highs and form a double top? Will we see some retracement and bears sitting at this level? As mentioned previously, this pair is currently weakness vs weakness.
USD/CHF - 4HR Chart Price has been trading in this ascending channel. Not long ago we saw 6 year lows on this pair. We have remained bullish on the USD throughout. Price is testing the topside of our structure. Will we see a breakout to the upside or a retracement before another bullish push?
DOT is forming ascending triangle with double bottom .
Clear bullish trend. Expecting price to continue going to the upside as there hasn't been any break of trend so far. Higher highs, and higher lowers have formed too (3) extra confirmation to expect a continued bull run
NPXS (PundiX) is currently breaking out of this ascending channel which is a bullish move. News is coming out of a possible coin burn or reduction in circulating supply from 258 billion to 250 million. You can find this on their Twitter feed. twitter.com