Fundamentally, currency rate will move up because OIL price is going down. Canadian dollar depends on Oil prices when it decreases USD/CAD is moving up always.
Technically, Price can break up downward channel because yesterday was powerful Pinbar which stopped all down move.
I will open buy if the price will break up that channel.
Goals: 1-st: 1.3288 2-nd...
Chance the bull will continue soon look how it grinds along the trendline. Dangerous place to short in my humble opine. Just sayin. Good luck!
This post purely educational not advice. Trade at your own risk!
Experimenting with the simple regression trend: drawing a point from ATH -0.20% to current price.
Bitcoin -4.07% has more or less obeyed this trend channel and recently in July it has broken above it and stayed above.
Once we head down to 5379 we may see a bounce in order to keep the bullish narrative and have any chance of breaking above the channel.
While we've watched the boost from recent news fade, it remains to be seen whether 0x has enough momentum to sustain a longer run. Of the projects mentioned, ZRX is virtually guaranteed a spot (in my opinion) on Coinbase due to the fact that the company purchased the protocol several weeks ago. This recent news broke us out of the handle/channel so we'll see if it...
The EUR/AUD was in an up channel formation.
The pair has currently broken the channel formation trading below the lower trend line.
As per our analysis,we expect a strong selling pressure in the counter.
ETHUSD is in a descending channel.
We have channel breakout trades
We have channel trades
Bottom Day support level is our bearish take profit
Previous resistance level is our bullish take profit
Use your choice for SL
SMG has recently broken down from monthly trendlines. We will wait for it to recover to volume node and then enter a short position, risking off the 78% fib retracement, which is unlikely to occur. Do not enter position until signs of weakness or target is reached.
The asset moves in the descending channel reducing its value. There were bounces from the current level which indicates a formed support. At the moment the bounce can be repeated as indicates Stoch RSI, hence the price will break the channel and in case of consolidation will grow till the upper edge of Ichimoku clouds. If current support do not hold, WPR will...
Uchf is making a tight candlestick channel made up of diagonal after diagonal. It will go up. It is at the 800 Ma on the daily. However the 200 on the weekly is lining up with that fib level below and in this scenario I prefer to see it break out the bottom of the channel. The last wave diagonal it is in can do one more overlap and down. Rather than trying to...
We see the GBPNZD & EURNZD having a near SIMILAR formation currently!
We Favors a POTENTIAL SHORT Position soon, as Price Action is currentlt taking place !
WEEKLY CHART : In a Upwards Channel. Previous week Price BAR - BULLISH Bear Bar !
DAILY CHART : Smaller CHANNEL Within (WEEKLY CHANNEL) shows price...
it is common for a trend break, channel break, to be followed by one last test of the down channel line.
this can translate into a new bull trend, or it could trade sideways for a time.
if it gets back below the down channel line then the bear market will likely continue.
I think a successful retest is more likely.
Ascending Channel breakout
Price returned into channel
Bearish candle patterns developing
Break-Hook-Go candle pattern completing
Watch that breakout fails again
Then price will continue back to top of channel
Take Profits shown
FDC was mentioned in our last trading room discussion on May 3rd. Earnings are already reported & it jumped up with the earnings and broke above its downward channel formation. We discussed it will be a possible long if it breaks above $18.43 & it did break that on Friday & looking great so far. We think it will continue upward.
* Trade Criteria *
How's it going fellow crypto heads!
Today were going to take a rather quick look at NEO and a few of the technical aspects along with a quick snipit on the fundamentals on why I've remained bullish on the project for quite some time.
Semi long term trend established april 6th, return to trend likely by May 5th
Whether we break through the bottom of...
Happy Monday Fellow Traders!
***excuse the balloon overlaps, TV loves to rescale my charts
**The strategy results should be ignored, I built the MASIC-N indicator ages ago and use it as a baseline, not to trade on!!!
Today I had a friend approach me about her selling her ETH at $515 and feeling frustrated that she was missing the rally. This left me feeling...