SPY is moving into a distribution zone, which will likely result in resistance and a dip back towards recently established (fib) support levels. This establishes a new DTL support line that takes us through existing DTL resistance, and back into the next chop zone for more consolidation before either regaining ATH's, or re-testing lows.
we are back from a short break and starting 2019 with a trade we are in since today on the EURNZD pair. According to our analysis price formed a bottom with a divergence on the low. In this downtrend price did create a trend line which was broken with the first up move from the low. From this point price started to reverse right back to the high of ...
Expecting a possible bullish trade setup with a movement of price down towards 1.1385 to then see price rise for the rest of this week.
This is for educational purposes and should not substitute as finacial advice!
We can observe on the January 14 daily candlestick (which was also the start of a new weekly candlestick) a classic bullish engulfing pattern.
Price is currently flagging and we could expect one more push up towards 3880-3900 before seeing the anticipated move towards the 3500 half quarter - to then see the next reaction of price.
Depending on which side you ...
BTC wants to go to overbought again on weekly timeframe. It would be ultra weird if not.
Weekly stoch RSI has not been on overbought since a very long time, probably the longest time in BTC history.
It needs to be overbought again on weekly, so that it can prepare for the next dump, which hopefully will be the final one.
At least there is a high probability it ...
It's getting real! Bulls vs Bears special.
Please join in and let me know what you think, $190 or $80? comment below! Let's discuss.
With Constantinople day upon us, I saw two possible scenarios here.
This can also be a useful chart to keep or bookmark as it labels the current key resistance and support zones and corresponding fib. levels with prices.
If we ...
QLC has been doing great moves and from bottom we've been playing this moves, very predictable chart and very good profits indeed.
Our short to mid term targets are definitely 1080-1099 range, as that's the top of pitchfork and the high of this downside move. On 4h we have a flag and consolidating for another leg up which may take us to those targets.
$SQ Breaking through the downtrend line today on solid volume. Will be looking for a close today above $60.60 for confirmation. See chart for near and medium term target levels.
Note: Informational analysis, not investment advice.
Hello Cryptocurrency Enthusiast,
Bitcoin still have the momentum, hopefully it will touch 4400, or even higher 4800?
The chart is self-explanatory. As you can see, Bitcoin is moving on an ascending wedge and a very steep rising trend line with contracting volume on Bitfinex, which means the bullish run is out of gas. While, please remember the crypto-market ...