#CHAINLINK bounced off the lower boundary of the ascending channel. After the closing of the Daily candle above the descending resistance line, we will likely see the continuation of the ascending trend. #Bullish movement is likely to reach the top boundary of the channel during next weeks.
on the log auto chart a clear channel is observed, along with a fib extention of 3.618 which is at the 5usd price meeting, froming a strong confluence. ATH is 3.41 which will easily break. in addtion a cup and handle is forming. target from the cup and handle is the 2.618 fib level which is at 4usd.
Based on our fib drawn on the H4 time frame from low to high, we can see that bulls have been taking profit on this pair the last 2 weeks, it's looking like there's a good possibility for bulls to enter and take profit again this final week of September that's coming up. Looks like there's a good entry point around the 38.2 level of the fib and to be on the...
Don't blink and eye the BULLS have it this around maybe slow but trust us it surely get their .
The pair has had its share of the Elliott wave count added with the truncated 5 which came in a parcel (false breakout) completely completing the 9wave
Switch over to the lower TF to spot your entries
As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets.
DAILY: First up we are still bullsh, price is above the 200ema which has shown strong rejection. Long term resistance turned support has been honored with several rejections. We have also seen the MACD cross with bullish volume presenting itself.
4HR: 200ema rejections forming nice support. Price has really tested and...
The Economist - Brazil takes off
(Nov 14th 2009 edition)
The Economist - The betrayal of Brazil
(Apr 23rd 2016 edition)
The Economist - Brazil’s dismal decade
(Jun 5th 2021 edition)
If this isn't an indication to get long Brazilian equities, I don't know what is.
Never confuse education with intelligence. You can have a Ph.D. and still be an idiot!
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,...
Bitcoin today never closed a 1h or 4h candle below 51k, which i think is very impressing at these high levels. The only thing the sellers achieved today was a higher low (again).
The sell offs seem to get bought up faster and it seems almost imposible for BTC to even test the heartline off the parallel channel again. Under this condition i think its very likely we...
Hello, I share you this setup which I think is spicy.
2 years resistance would bring a lot of momentum.
Reversal in BTC pair also bring momentum.
This will look like PD I guess.
I will ride it for sure, already inside from 0.048
As per my very own analysis of weekly chart, GOLD (XAUUSD) has been moving in a BULLISH flag pattern since it placed its record high of 2075.
I am expecting gold to drop till 1670 to 1690 area as a weekly pattern correction and it will take a huge pull back from that level. The buy setup would be properly completed and GOLD would be fully ready to target 2300...
The chart says it all.
Assuming that the last 2 bull cycles lasted 1. for 27months and 2. for 25months the 3. should be 52/2 or basically 26months average.
The longer the cycle lasts the more the reward.
expecting 400K-500K Bitcoin in 2022.
I mean, why not ?
view this idea with discreet approach .
Good Luck !
Gold is looking very good right now for a buy.
Down trend line on the daily has been broken upwards with a strong bull candle. Look to enter on the retrace at backside of trendline to buy this upwards to next resistance area.
Entry @ 1900.00 area
TP @ 1960.00
SL @ 1880.00 (this would mean price is back under trend line and created a low under the up trend...