Hey guys, EURUSD has been on a bearish move for quite sometime. After the daily support got broken, It signified a strong bearish momentum. Currently i'm on the sidelines on this pair but considering the weak dollar, i would look to buy. I would wait for the upper slanted trendline to get broken to give me a proper buy confirmation.
Here is my analysis for a bullish scenario for ETH.
We're still above resistance level at $2698 (bottom of the area in red in the smaller Fibonacci retracement), and still above the bigger resistance at $2580 (bottom of the area in blue pale in the bigger Fibonacci retracement). Thus we can expect the trend to go upwards to reach higher...
As we can see Market moved exactly as i pointed out in my previous post.
It formed a rising wedge Pattern then broke out and now it found support near 37k. I is aiming to touch 50k to gain some confidence back in crypto. After that, we will see another drop.
I will post the chart step by step.as we predicted the drop from peak
Don't forget to...
TrueBit protocol ($TRU) is a utility token for the Ethereum Blockchain. I strongly advise DYOR on this one. BUt the technical team behind the coin is incredibly competent and interconnected throughout the Ethereum and greater crypto space. A $TRU gem for sure.
After some Swing Trading analysis, I have been looking at taking a Long position on GJ.
Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area.
I am now looking for a retest at the Resistance (Or new support) area as an entry,...
Hmmm Where have I seen this little critter before??? Ture, this dolphin doesn't look the same completely but IDK until we see otherwise. So I am back at Seaworld for a winter waters show! BE AWARE THE WATER IS LIKLY COLD!!!
Alright so after many hitting the reset button "Some" people played the game differently this time around. Ex: Buy...
I believe that GBPJPY will start the week off bullish. As we can see, we are at a pinnacle point that can be see two ways. A double top (followed by a sell off) or a break of resistance and formation of a new support. As you can see, we have strong volume being pumped into this pair with the engulfing candle that shoots past our resistance. From here we see a...
The SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November.
Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h.
Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
SPY bounced all the way back to the key 341.77 level. A break of this level should trigger an ATH+ run. Don't be surprised to see a double inside day tomorrow as market continues to digest stimulus talks.
A resumption of these two support lines will possibly create a great buying opportunity for copper. If we want to buy the 8hour candlestick has to close above 3.00, if the price continues up to its a great risk to reward trade.
Target: 3.0885 (2.68%)
Stop-loss will be placed right under horizontal support.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge.
FALLING WEDGE: APPLE
BOTTOM OF THE BOLLINGER BAND