When a coin drops it is merely instinctual to pick it right up, thats money we're talking about, can't leave it on the floor... Using a term I coined, harmonic wolfekraft, I have obtained the following scenario for COIN. Summary - Look for a bounce around 135 this week (4/18-4/20 range most likely). The bounce zone is 130-140. If it drops below that we...
Hello everyone. After tumbling approximately 70% from the high created Feb. of last year, now the chart of ARK started to get my attention. On the daily, the red downtrend line looks to be violated. The nearest supply zone is $68 to $72, which it has to be conquered to establish momentum to the upside. So, I'm neutral until the zone being penetrated through. ...
Hello everyone. USDCNH created a recent new low since May of 2018 when the trade tensions between US and China emerged, followed by sharply depreciation of Renminbi. With the help of strong export in the past two years, Renminbi went against the greenback by 12ish%. If the Renminbi becomes too strong, it'll undermine its export competitiveness. There was no...
Hello everyone. Days ago, I've published a post titled 'Structure Bullish setup on EURGBP(Daily & Weekly)'. The first proposed zone got violated, however the pair didn't go lower to test the firm demand zone. With the downtrend line violation and higher high created on the daily(marked), it's good time to revisit the chart ago. On the 4H chart, I've marked a...