Very simple chart to show a market premise...
Needs a daily close and some form of follow through. I'm wary of false breaks at this point due to BTC potential volatility into the weekend.
Be careful out there.
Market's been trading in this descending channel since January and right now in a bull leg putting pressure against the resistance trend line.
If we are to see more USD strength (the dollar has been on a tear lately), then this could be a nice breakout setup.
Watching that 1.26 level like a hawk...
If bears fail to break current levels 24.80 - 25.40, I think we could see a rally to test 28.30 which I think is a key level to breaking out to new highs.
I'm trying to enter in early in anticipation of that breakout which is a bit risky. Again no guarantees as I think market may continue sideways within current trading range but I think the buying pressure is...
ETH has been a test of patience lately and has been in this sideways price action since 08-MAR. We did see a test of key level (1,930) but nothing came out of it but more sideways. However, something tells me we may be about to see another test of 1,930 soon, especially if we see a break above current price levels.
Note that many traders are probably looking at...
Here's what's cooking in the forex front. Just waiting for a confirmed breakout here.
Measured move to 131 handle and a second target near the 132 handle which is a weekly resistance level.
Not trading advice.
I think 0.055 is all that stands between VET and the new ATH.
Need a daily close above said level to confirm but with the current bullish momentum, I'd take a 4H close as a leading indicator of what's to come ---> new ATH!
If his materializes, a move to 0.073 would be an easy near term measured target.
It's been a tough couple of weeks trying to push bullish scenarios but this is normal when markets go sideways. Sideways or trading ranges have momentum too so it will keep doing the same until it ceases to do the same.
Right now, we re at the bottom of a falling wedge and price is breaking below trend line support. A false break here could propel the price...
Still trapped in a trading range but seeing some upward pressure and we may be about to see noteworthy breakouts. I am personally watching that 560B level as a potential leading indicator of a bigger swing higher.
This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106.
Looking for daily close confirmation and a bullish price action upon re-test of the level.
See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it...
Looking at 0.052 level as key to this potential breakout happening in the near term. This level is the highest weekly closing price so far which is a level that I always watch closely in terms of price action.
I also used a big arrow so the market notices. :)
Have a nice weekend, all!
From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation.
Measured target for this move shown in the chart.
This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what...
We may be at the beginning of the bull leg that takes us to 2,000. Just needs to break that 1,840.
Watch how the market reacts to that price intra-day. Should give you clues on what it wants to do next (e.g. Breakout or pullback).
Measured moves from preceding price action gives us near-term target of a little above 2,000. Good way to start the next leg of our...