LTCBTC has been on a downtrend since around the 18th of November 2019. The downtrend has continued until a major support floor has just been hit and the price is consistently rejecting of this support floor, demonstrating signs of accumulation. The Absolut Strength indicator has already crossed to favour buying momentum and strengthening a long bias. I am...
LONG USDJPY Price is above EMAs and MACD is also approaching and seems to be crossing above 0. Price is also holding above a short term ascending trendline support. I will enter on pullbacks and targets are based on key Fibo retracements. Very nice R/R as well! Please DYODA (Do Your Own Due Analysis)
Short GBPJPY Price testing descending trendline resistance and close to 61.8% Fibo Retracement. MACD is in bearish territory as well. Please DYODA (Do your own due analysis)
SHORT EURUSD Reacting right below key Fibo Retracement level Also testing short term descending trendline resistance Momentum Indicator RSI testing resistance. Take profits also line up with Key Fibo levels
Short BCO Entry: 61.48 TP1: 61.02 TP2: 60.04 SL: 61.87 Price is now below what i call it's "Natural Moving Average"© MACD momentum is starting to turn down showing possible bearish-ness. Breaking below trendline support (TP1) will open further drop towards TP2.
LONG EURNZD Entry: 1.75500 TP1: 1.76870 TP2: 1.77550 SL: 1.74695 Playing a short term bounce after a pullback for this pair.
As you can see on my Bitcoin/USD Coinbase chart, the price of bitcoin is still below the 12 and 26 exponential moving average lines, which are represented in red and dark blue. In my opinion, the last candle stick which is red, "could" indicate that the price is temporarily headed back down. The yellow upwards trend line that i drew on the chart is acting as...
Hello Traders, New Thesis on LTCUSD, Points to consider; - Uptrend Broken - Broke major support, now testing as resistance - Stoch crossing bearish - Volume climax on 4hr time frame - EMA crossing bullish, insignificant with all bearish indicators - RSI neutral on 4hr time frame LTC needs to break this major resistance for it to continue its uptrend,...
Long AEM Entry: $0.95 - $1.00 TP: $1.24 Market testing descending pull back support line and approaching supply and demand zone. Price holding above 21 EMA support with MACD also starting to cross into bullish territory.
I know we have a couple more days left to go in the quarter, but my eyes will be on this indication!!! A close outside the upper band, something that has not happened since the circle marked on the chart, would be a huge signal that we could be just getting started on a run to ATH's! Just another tool in the shed! Bollinger Bands! Happy Trading, Fibo
Short CADJPY SL: 82.2 Market broke below ascending channel to the downside. Also, reacted below short term S&D zone. Market testing moving average with MACD showing a change in momentum. Chance for a good short with extremely good risk reward.
It is Friday and again another analysis of BTCUSD. This week has been a rough week with the first red weekly candle in a long time. I've found the daily 30EMA has been a strong support, RSI is at a healthy 50 on the daily. Looking at the market and trying to predict an outcome is quite difficult. When I look at this chart I see the 30EMA as a good support, a...
Short Gold Entry: 1287 SL: 1297.15 TP: 1245.25 Gold expected to be bearish below 1297 towards 1260.50 followed by 1245.25. Price is holding below descending trendline resistance and also broke the pullback support line (now resistance). Long term, gold is in a downtrend
Short Gold Entry: 1291.50 SL: 1303.40 TP: 1247.75 Global markets are currently in a risk off environment given the recent trade-war escalation tweets by Trump. This also is in line with safe-haven currency such as JPY outperforming this week. Technically, market reacted below long term descending trednline resistance. Price is also currently testing what I...
Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected. Market reacted below desceding trendline resistance RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level. RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen...
Short Gold Entry: 1283 SL: 1287.77 TP1: 1273.75 TP2: 1260.75 I expect a Gold to drop. Market close to descending trendline resistance. RSI also testing descending trendline resistance. Market has reacted below this resistance multiple times in the past (shown by yellow arrows). Long term, market within a descending wedge pattern. Market however is still holding...
SHORT Gold Entry: 1278.75 SL: 1284 TP1: 1266.25 TP2: 1254.75 Market is within a long term descending wedge pattern. Currently, price has tested and reacted below descending trendline resistance. RSI also testing 55% resistance level where market has previously reacted before (as pointed out by the yellow arrows). I am more confident that price will only pull...
Long 1D1 with low conviction Entry: $0.285 SL: $0.270 Market is forming a possible double bottom reversal pattern. Only when price surpasses $0.330 will this reversal pattern be confirmed. $0.330 is also a strong resistance level found twice via: - Descending trendline resistance - Double bottom neckline Should market break above $0.330, we can expect to...