As you can see we are in a big ascending triangle, rsi is forming and respecting to the triangle and macd is finishing the triangle(It shows range is over).
We are in bullish trend because we had cross over in ichimoko and also price is above the cloud.
The trend will start after a little correction which would be in 65 area, and the target after breaking 69 would...
What do we have here?
Triangles, a lot of touches, a lot of cross over/under signals, channels and support double top and resistances .
Alright guys as you can see we are in a big ascending triangle here, you can guess what I wanted to say about it, although we should see a double bottom here and I tried to show you the possible targets by the red circles.
As you...
Hey There!
I hope y'all been having a successful trade week. I started off the trade week on a bad footing as my GBPAUD trade didn't play out as I wanted it to. I definitely realize the importance of price action and that not in ALL case the "set it and forget it rule" applies.
Now to the topic at hand. I have been keeping an eye on GOLD for the past couple of...
The market shifted since the 20th of may to a bearish eviorment.
Now it just retrace back to the 0.382 fib level of the upper move and found a resistance structure.
IF the market will manage to break and restest the resistance area we can look for a short position with a nice risk reward with a target around the 0.5 fib retracement.
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Here is the...
On the daily Bitcoin chart we can spot several bullish signals:
- Touch support line of parallel channel
- Golden cross 50MA over 200MA
- Hidden bullish divergence on RSI
Target 1: Psychological resistance @10k
Target 2: Long-term resistance line (white) @10.4k
made a low and now there's a major resistance at 1.38600 if there were the pair wouldn't have made a low so look for sell setups I find one right here.probably making a wxy pattern
