audusd broke through the major downtrend line
based on strong demand zone around 0.68660
price trading in uptrend channel
MACD shows positive divergence
RSI also shows positive divergence
so its expect bullish momentum
to supply area around 0.70700
as you can see the 1H ScriptC cloud has held the move all the way up.
Unfortunately the trend is flagging as a bearish breakdown, to continue further bitcoin needs to close above 8700 although this could mean a short pump to range high before more downside.
General scriptC rules when trending:
Green + aqua = buy the dip
Green + fuchsia = buy the dip...
The price touches the bullish trend line and is getting to the bottom of the band (potential bullish reversal), further confirmation needed for bullish reversal
1. see if the price goes below the trend line and retest the 1st support and cimbs back OR
2. if the price goes up right after the 3rd touch on the trend line
*Please share your opinions in the...
Hello everyone.
A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.
Coming back to the chart:
If you intend to trade like a boss try to look for the long picture.
In this chart you can simply see how we have been trading under this big bullish channel for weeks...
Hello everyone.
A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.
Coming back to the chart:
ETH in this daily chart looks prime.
200 MA acting as a strong resistance at the moment. We need to break this resistance.
RSI seems overbought in daily. I’ve plotted the...
Sometimes the price action is easier to see on the weekly! If the channel and RSI continues to stay on trend, we have the potential for a very bullish month on this pair. Perhaps worth taking a very small position and letting it ride for 30 days. Let me know your ideas and opinions on this analysis or any other forex pairs or ideas.
GL and start looking at the...
The candle has made a third touch along a bullish trend line and getting closer to the bottom of Bollinger band. Now, stay alert on whether it will make a pull back as it will possible lead to a bullish movement within a bigger bullish channel.
*Please let me know your opinions in the comment section. Good luck traders 😁
Falling wedge confirmed by a bullish divergence on the 1d chart.
Entry: 0.00000445
Target 1: 0.00000492
Target 2: 0.00000538
Target 3: 0.00000587
SL: 0.00000417
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be...
High probability that the price tends to reach the supply above.
Below us, there is a great demand for continuation trade,
I'll buy at this demand and the final target will be the supply above.
The 50 day moving average and the 100 day MA look close to crossing the 200 day MA... the same type of crosses that occurred during the last 2 parabolic bull runs. Also it looks like our bottom ends up perfectly with the 5th wave in our descending Elliot wave formation. We then accumulated and broke our 6 month descending resistance and are now looking for a...
My view over this pair! Already looking for entries long here, we saw the breakout in previous weeks and now price is sitting near 0.6600, could go down a little more maybe to 0.6550! I'm in with small position, waiting for more price action to add more positions!
What do you think?? Leave a comment!
ADABTC showed a nice push in the past few days approaching the regional resistance at 547 that prevented the coin’s ascent for the past 6 months!
I Broken, HAHA! Sky is the limit as you can see in the chart.
Currently the Bullish divergence that was confinrmed in 23 Dec 2019 is kicking now. The coin is on its way to the 1.618 of the move, showing signs of...
W1 - After a triple cycle, currently it looks like a retrace is happening in the form of a range pattern.
Price has reached the 38.2% - 50% fibonacci retracement zone.
H4 - Downtrend line breakout, looks like the pullback that we are looking for happened.
H1 - Bullish trend pattern, we may now look for bullish setups with more bullish evidences in order to...
Desde un punto de vista fundamental, hay que tener en cuenta la incertidumbre que hay en el ambiente debido al posible juicio que enfrentara el presidente de EEUU.
Desde un punto de vista técnico: El mercado esta en un canal alcista como se puede ver en el gráfico de 4 horas; sin embargo el precio se encuentra en una zona crucial, la principal opción es la...
Sup metal heads
As always just update you guys to some buy levels that I am looking on gold.
It is already at the first buy level, and its aggressively pushed up through that level which is giving me a strong buy signal.
As always, keep the risk managed!
Cheers :D
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