XRPEUR is changed into bullish strength.
The RSI has crossed the 50% line and entered into Bullish territory.
As this pair has 3 Missed Weekly Pivots in a row, this pair requires some correction.
Due to the situation worldwide fundamentals can work against this grow.
My hope is a bullish moment towards at least the second Pivot.
Sup metal heads
Posted this buy area in our very active chat group last week, gold has now reached that buy area and bounced off beautifully, we are looking for more bullish momentum to come.
If you are interested in joining our non toxic and respected chat group, just flick me a message and I can invite you!
As always, keep the risk managed!
Here we see Tezos is bouncing off and defending a trendline stemming back to January, while simultaneously exiting a descending wedge that has taken the price down for the past month +.
And lastly, we can see the macd is on the verge of a potential bullish daily cross...something it has not done in 3 months...which signaled the start of a very nice run up.
Following on from my last analysis on bitcoin, I am still expecting a move up to around 8K and that will complete a 3 wave correction on H4. On a lower timeframe you will see a possible 5 wave correction. However, the market currently stuck at a major resistance level and I will not be surprised if we don't end up breaking that resistance at 7K but the structure...
So USDCAD been in a correction for the past week and I think the correction will likely end here so I expect the bullish trend to resume very soon. We have a classic ABC correction and the market has come into a previous structure resistance which will now act as a support, this zone is also happens to be the 127.0 Fibonacci zone of the (A) mini impulse leg. Which...
Following my last forecast on bitcoin, it is now presenting us with another buy set up and this could be the move that will help us complete wave 5 of this correction just above 8k and from there I expect the market to give us one more leg to the downside where we have a trendline support just before our previous structure low and either of them could help up us...
LET'S LOOK GOLD/DOLLAR, @DanielErhan?👏🏿👏🏿👏🏿
Write your vision of it or share your chart of gold😘😉
📊📝We can see, that after the brakedown gold's in the ascending wedge and stay for some time in it.
I can assumed, that breakdown will be from the end of wedge.👇
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The last few days has been really hard for the pound because it's been taking a huge beating from the dollar and we are in a situation where I think the pound will make a slight recovery until it gets to the trendline or the previous structure high and then the dollar will start swinging again so...
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Gold has been in a steady decline over the past few days and now it looks like it has reached a minor support zone so I there could be a reaction at this zone, now the question is, are gonna make a complete U-turn and go back and retest the previous highs or will the market just make a slight pullback before...
The rebound from 101 continues and the market got to the within 10 pips of the trendline. The bias is on the upside and if we break the trendline and get a buy setup then the upside will be confirmed.
Levels to watch out for;
1.) Previous structure high which will now act as a minor resistance @ 112.20
2.) Resistance at 114.60 (Oct. 2018 High)
3.) Resistance at...
Bitcoin is in the middle of a possible 5 wave correction and there's currently a buy set-up that will complete the 5 wave correction. This correction however, will likely present us with only a short term sell trade because there's a major trendline which I expect to act as a support that will give us the complete reversal into a bullish market.
If you have any...