YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area. As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward. We're also testing the short term upward resistance, looking to breakout. I suspect we'll get another market shakeout at some...
I believe the bottom is in for the correction that caused ETH to drop 22% In price. we shall start seeing the over sold bounce play on the the higher time frames. We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29. 21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this...
BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a...
my idea in this bounce to reach 50% fib.
YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend. MACD is still bullish, though weakening ever so slightly. priority is still up. RSI just left overbought, position is strong. This could potentially be a good opportunity to get in on the next leg up,...
RIL fell quite a lot today, but it is still not in bearish trend decisively, there is chance of one bounce before that comes, if found anywhere near 1950-70, one can buy for 2030 target
WE HAVE JUST HAD A BOUNCE OF THE LOWER SUPPORT LINE AND WE ARE NOW TESTING THE RESISTANCE LINE OF THIS SYMMETRICAL TRIANGLE AGAIN. IF WE BREAK WE COULD SEE A BULLISH TARGET AROUND THE $17000.
Two tools to spots BTC bounces during a bull run (could be useful soon). -MA128 daily in orange = the geometric progression MA which hold every first retrace of the BTC since 2016 (11/11) -DFT deviation MA64 10D in yellow = Geometric progression dispersion MA which hold 23/24 retrace during bull market cycles. Hope it helps ;)
Well, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was...
Ethereum is approaching a critical point in the ascending channel. Bouncing off this channel could result in beating the September highs of 0.04 btc. In case you’re looking for a possible entry, wait till the bounce has been confirmed. It has to close above the 0.03 resistance line before it can continue its rise to 0.04 and...
Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%. In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs. Will LINK bounce and ascend to new...
In range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for...
My previous chart was spot on. (Link is below) Looks like it bottomed at $40 and returned to its channel. Fibs are key points to break a candle over. I believe we will hit around $49-$50 for earnings(Nov 12) and then head back down to $44-$45. Q2 earnings were horrible so be prepared for the pullback the day before the report.
Been following the down trend all week finally some momentum is occurring. I'm in this with multiple spreads.
STORJBTC 1D hit a historic support level, right on the golden fib as well. RSI is looking ripe for a reversal still and volume has been shrinking on the downtrend; a sign of trend weakening. I would expect a small correction up, if not a full reversal. Potentially up to fib .5/EMA 100, then possibly a retest of support if it doesn't go straight bull up to EMA...
Evening Traders, Today’s Second Analysis – NZDCHF- breaking below Daily S/R with an impulse, an oversold bounce is probable. Points to consider, - Price Action Bearish - Supply Zone Target - Daily S/R Resistance - Oscillators Extended - Declining Volume NZDCHF’s immediate price action is bearish breaking key daily level; this allows us to have a bearish...
DASH has seen a steep decline in value since it's high at almost $190. Feels like a lifetime ago... It's been trading in a steady downchannel. Big picture, we can see signs of a consolidation triangle forming, with the tip being relatively soon. INDICATORS: MACD divergence shrinking. could be a good cross coming. Stoch on the uptick but not...