Lots of people have been frustrated with ADA's inability to break heavy resistance at 1.50. Lots people are learning the hard way that markets ebb as much as they flow. However the big picture here is still very much bullish. The big picture for ADA even looks bullish VS. BTC. A symmetrical triangle pattern has been developing over these last couple of weeks on...
Weekly is strong bull market. Daily just touched the 50 EMA and gapped up. Current candle is showing indecision. Good time to place your bets.
Daily: 50EMA has crossed the 150 4HR: Nice bullish move to the upside thats broken previous resistance. We are now waiting for the pull back to look for Bullish evidence 1HR Now we wait for the right bullish evidence to confirm a move up off resistance.
After a 15 day sideways shuffle the USDCHF has finally broken out of it's most recent period of consolidation to the upside which allows me to make the prediction that price is likely to continue higher. If we do get some bearish relief I would expect a pullback to the 9375-9348 level before creating the next extension higher. Akil
Market is rallying as expected after such a bloodletting. I don't think the bottom is in yet. Heavy volume on todays doji candle could be a sign of further downside. If market breaks recent low, I will add more to my short position. Alternately, market could rally up into moving average resistance offering a better short entry. Be careful, there is extreme...
Gambling on TKAT is in a way not much different from gambling on blockchain stocks back in 2017. Anything digital is a fair game in the realm of NFT as even tweet was up for sale as Jack Dorsey demonstrated that today. TKAT's Insider ownership is almost 50% and TKAT's institutional ownership is close to zero, indicating the high volatility this stock...
BGS, daily, continuation play from 4 technical observations: Triple class A MACD HBD, Triple class B RSI HBD, completed retest of 2020 double top & second MA golden cross this year. The .50 & .618 seem plausible, at least.
I'm seeing an inverse head and shoulders on the hourly, which lines up as the right shoulder of an inverse head and shoulders on the daily. The hourly oscillators are showing bullish divergence on both the RSI and MACD.
Looks like a clear break from cup and handle, but now looks like a potential continuation with a bull flag.
Interesting to see if this continuation movement will be confirmed. If yes, we may have ETH ATH to 2600 USD in coming weeks. Good luck.
These are what I believe to the the most likely continuation patterns to play out on CELR BTC pair short term. Posting here as neutral for reference of my own and others.
This is an update as to what im looking at on GU and why im looking at this. Pay close attention to the drawing, theres some nice lessons in this one. Im looking for swipes of the buy side and sell side liquidity which you can be seen in the green, at the moment financial institutions are stacking orders (building liquidity) which is creating this correction....
Hello everyone Hope everyone is good and had a great weekend, Here's a look at a trade that was broken down this past week see attached idea's its another look at the POUND / DOLLAR still watching price and looking for continuation with the bulls in an uptrend the pair is currently consolidating in a bull flag as we approach the nearest resistance level 1.40838...
Not sure why but this week, the more trades that end up in profit, the harder it gets on the psychology. So many times, I wanted to close this trade but I kept it open and it kept on going up as expected. In the end I did close it and it did continue an additional 10 pips. But I can't complain. I got some decent profits and getting close to my monthly target...
You can see Lower Low Break at H1 and M30. Smooth downtrend pattern LH LL LH LL, then price reversal. So I think current uptrend is for retest. Based on Bullish Engulfing M30 and H1 break, I found matching M15 Bearish Engulfing, in the same possible zone of M30+H1 SBR. Exit target is based on price level that connect lower H H H structure that breaks.