Monthly log chart of XRP with Bollinger Bands shows that bands is getting narrower. IMO breakout (up or down I am not sure) is close. How close? If history repeats itself, it should happen in 2 months. Happy trading.
+The price made a daily bearish engulfing candle after testing the resistance zone
+ Strong Bounce from the resistance indicating strength of sellers
+ We expect the price to decline and reach the next support levels
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We have a few confluence factors for a move to the downside. Right now this pair is in a very interesting situation. We can see an inverted head and shoulders formation (It is also called a "W" formation). After this formation, it is normal to see a push to the downside especially when we are at a structural level.
On AUD we can...
Hi. Welcome to my trading diary. This is the diary where I collect data, making research and analysis towards some observation of several instrument. Today I would like to take time to publish some important highlight of the XAUUSD Gold price for the last week trading activities.
60 minutes chart observation (1 Hour)
At the seventh 7th bar stick, we all witnessed...
In an ascending channel & meeting the descending resistance. Ascending channels breakout to the downside. We were rejected at the descending resistance, and have ran out of steam. I expect us to fall to $7,500 BTC. The numbers all over the chart are the top 5 largest BTC wallets showing when and how many BTC were moved into those wallets. Each color represents a...
Bears have a magical price, depending on who you talk to: $8500-8800. The above chart shows pretty clearly how that price isn't on track to happen again anytime soon. The green arrow points to the ping at 6400. The red arrows represent the last 3 times bears tried to get a good break and failed. This is assuming their each attempt is an attempt at 8500-8800. Each...
See how break of the trendline last july gave us the signal that the end of the bull run was near. Could we possibly see something similar again?
It is better to be cautious of this run till price closes above 11k on monthly, a better indicator would be price closing above 11.5k on weekly.
Till that time its better to be not too bullish
Another analysis of the weekend that got messed up by the market opening gap! Still managed to do some pips aswell, and looking for some more! In lower timeframes we will be looking for opportunities to enter sell! As long as price stays below 71.30, this setup is a good to go!
What do you think?? Leave a comment!!
This pair has seen some pretty big movement over the past few weeks and we recently had a pretty big bearish kumo breakout.
I am looking for that bearish trend to continue, the Australian brush fires and the subsequent spending are probably going to hurt the Aussie a bit over the short term as well.
I've drawn out a pretty wide stop loss here above the...
Hello friends! After a prior strong downtrend of six months, the price of Bitcoin (BTCUSD) printed a Rising Wedge pattern. This pattern was formed by higher highs combined with small pullbacks during this seven-weeks trend. Smaller pullbacks usually underline the strength of a trend. What's suspicious here is that the we see a divergence with the volume, which was...
If you like these kind of charts, please leave a like and a comment guys :) thanks.
Using fib circles and fib channels I show a possible scenario that could play out at or right after the halving. To me it looks like our current bear market is playing out almost identical to our 2014 bear market only this one is taking 3 times as long to play out. Visit me on...
Today today i am gonna be doing a quick and simple analyses about TRX/USD that made a Head n sholders reversal at an important Resistance level, witch defines a Bull trap. We consider traps the most powerfull indication of price action for decision making in trading.
We belive the price has a chance to test the next important Support level. We Only...
GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully...
LINK/USDT has performed nicely over the past weeks and is currently close the the tip of an ascending wedge.
It's likely that it will correct very soon and test if this new channel will hold.
One smaller move upwards is still possible so either keep it a small position for now or wait for breakout confirmation.
Targets are at the bottom of the small channel or if...
Hello, my friends. Let`s look at bitcoins price movement and what we can expect from bitcoin the next days.
We are looking locally on the 4-hour chart and I discovered some interesting signals on the 4-hour chart.
Before you consider my idea feel free to...