XRP is an unusual coin.While it has no real appreciative value, it does provide very good trading value. What makes XRP so unique compared to other cryptocurrencies? One thing, and its not related to XRP's fundamentals. XRP is often regarded as the unstable stablecoin simply because it has a very pronounced price channel. A price channel is where an asset...
Price is at a major support level. Looking for it to stay within the price channel and continue to go in a bullish trend. Movement analyzation is based off the 1H time frame.
the price break the support line and now it had becaome a resistance line , and the price going threw a price channel good idea for swing trading go short when it hit the resistance line
Who doesn't know NVIDIA? If you're reading this, all you need to do is dismantle your PC and you'll certainly find components inside manufactured by the semiconductor manufacturer leader. Although price is at rich valuations, technical analysis shows a price channel intact while consolidating for the past four weeks setting up for a Blue Sky Breakout. It's not...
the price break the price channel and is goin to make a corection before is going UP then it gonna hit the resistance line
the price is between the price channel and it making a pullback because the trend range is above the the VWAP with candle with big wick sign for th price to go up and by using the FIB RECT the price will go down in a pont i mention it with a red arrow
EURCAD currently is still at a descending channel. We can expect a bullish scenario if ever it breaks out it resistance. But be cautious not to be predictive but rather reactive. As it now approaches the resistance, it may do three things and reacct to the significant level Breakout - which is a bullish confirmation, but watch out for false breakouts. A breakout...
Pentagon Shape - 36 candles on 15min
AUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level. Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all...
Head and shoulder chart pattern spotted and if this play out retracement could be a case. Aussie is doing fine against king buck AUDUSD as well I assume the last time RBA cut the rate was fully priced in so Aussie seems to have demand rather than supply against many pairs on today's overall session. Price breaking lower the weekly pivot point (Blue), price falling...
Here is my analysis AJ using Elliot Wave. Also I have added a price channel on the weekly. I think we will see a pullback soon then a drop finishing out 5th wave. Overall I see AJ as bearish into the near future, at least until we know the full effects the virus had on China's economy. Check out the chart and share your idea in the comments.
Bear dump's are the freshest, but lets wait for the poo to cool first. Recent setup: Attempt to test the high fell short with a low vol top, resulting in a breakdown with expanding vol. New support at 8700 We could see another impulse to 8500-8300, then a sideways channel that could break either way. Should you buy or wait for better prices? More...
EUR/NZD is in a bearish trend channel and is just at the roof of the channel. A risk that it might brake the channel but I think it's going to fall down to the support at 1.65263.
MBT has been stuck in a downtrend since 2006, a continuation of this downtrend is most likely. However rising MACD shows promise, it may be rejected as seen before (highlighted in blue box) Gaussian channel shows a possible rejection at the middle. Blue line shows a rounded bottom which is another bullish sign, however it looks particularly bearish in these...
Here we see EURGBP in a descending channel with the sellers in full control, forming lower highs and lower lows adding selling pressure to the market. Now we are trading in a small expanding descending channel, suggesting that the sellers are stepping out and potentially booking their profits. This gives room for a bullish scenario, and im speculating that the...
Waiting for a break of this channel to the down side if a convincing break arises then i will be looking to open shorts on this pair Lets see how it plays out
This is further update of Gold obeying this trend downward. On the 4hr we have potential to touch down to ~1473.